Are you interested in Front Office Trading?

Posted 1 week ago by NPOWER

Do you have an interest in energy markets and a passion for commercially focused risk management? Our Front Office Trading team are expanding in these areas, creating new opportunities in the business, so here’s a little bit about what we do, who we’re looking for and available opportunities with us.

What does Retail Energy Management do?

Retail Energy Management looks after commercial risks arising from the npower retail business, including forecasting demand and the associated purchasing and settlement of the required energy. We manage and mitigate these risks at the best value possible, to build a competitive advantage for npower . At the heart of this sits our Front Office Trading team, which works in the wholesale market to secure gas and electricity to deliver to customers in the best way.

As a team, we use our trading expertise to hedge our commodity price risk, based on insightful analysis of wholesale markets and our understanding of how this may impact our retail portfolio. We also have a team of originators structuring bespoke risk-reducing transactions and managing our environmental certificates positions.

Our Portfolio Optimisation team is the hub for both the power and gas traders. Market analysis helps the trading desks make commercially optimal decisions by providing clarity, insight and challenge. This enables traders to decide on the best times to trade to reduce risk or add commercial value.

So, what skills do you need?

  • A keen interest in wholesale markets, in particular a desire to further your understanding of commodities
  • Strong programming skills or a keen desire to learn programming languages, e.g. Matlab, Python and VBA
  • A positive outlook and a ‘can-do’ attitude with passion about what you do
  • Ability to be resilient, adaptable and flexible under times of change and within a fluid, fast-paced environment
  • An ability to stay calm under pressure
  • Experience in the energy industry, ideally in energy trading related areas or other related industries with a highly transferable skillset
  • Understanding of the importance of risk management while balancing this with a commercial outlook
  • The ability to translate technical language into business language, with a keen grasp of the detail while seeing the bigger picture
  • Experience in data analysis, able to draw detailed conclusions from large raw datasets and recommend actions with strong commercial rationale.

You could also be an individual currently working within a shift trading team, looking for the next move, an analyst with a strong desire to move into trading or perhaps an IT developer that would like to move into a front office role. Full support will be given and so we'd love to hear from ambitious people from a variety of backgrounds.

Does this sound like you?

If so, we’re currently recruiting for a number of roles which may be of interest to you. Here’s a snapshot of what they look like:

Power Short Term Trader

Trading short-term power exposures arising from npower’s retail business, e.g. weather-related demand changes for delivery periods over the next week. You’ll develop/enhance your understanding of the wholesale power, gas, coal and carbon markets to build trading strategies aimed at improving hedging efficiency. Also, we’re constantly looking for ways to improve our performance and so you’ll work with other teams across the wider business to deliver projects and enable us to work smarter.

Senior Trading Analyst (Power Shape)
Owning the Power Shape portfolio, you’ll be working with our Origination and Power Trading teams to secure risk-reducing hedges and added value of several £m each year. Developing modelling capabilities in market fundamentals and using these to help drive forward commercial trading ideas with clarity and insight. You’ll also develop power shape reporting capability and explain the changes in power shape risk premia, which feed through to our customer-facing Pricing and Sales teams.

Senior Trading Analyst (Trading desk-embedded)
Delivering high-quality fundamental and technical market analysis to support the trading teams. Your excellent portfolio analytical skills will include critical reporting on P&L performance, with associated Value at Risk positions. Critical part of the Front Office team with responsibility for a P&L target of several £m and for the trading of all Gas/Power commodity positions. You’ll deliver first-class analysis that will directly result in value creation, e.g. trading recommendations and creation of new opportunities for the trading team. If your desire is to become a trader, this role is a great stepping stone for the skills and knowledge you’ll need to get there.

Trading Analyst
You’ll work with the Senior Trading Analyst to contribute trading strategies and recommendations through your own market analysis, as well as reporting on P&L and updating risk premia. This role is a potential stepping stone to the Senior Trading Analyst role.

We believe in valuing our employees and creating opportunities with progression in mind. If you like the sound of any of the above available vacancies, please apply now and comment your role preference under the 'motivations' section of the application form. We will then be in touch with you to discuss the role further and provide more information about your preferred opportunity.

What we offer our people

As well as a competitive salary and impressive benefits package which includes a significant bonus opportunity, pension and 25 days holiday, you’ll also get the opportunity to shape the future of our business. Along the way, we’ll give you all the support you desire to develop your skill set and achieve your long-term objectives.

Equal Opportunities

We are committed to building a diverse and inclusive organisation and to valuing the contribution that our employees make. We welcome and respect differences in culture, background, working style, education and other less obvious differences.

Our Company

npower is one of Britain’s leading energy companies, and is part of the innogy SE group. We serve around 5 million residential and business accounts with electricity and gas, with key sites in the South-West, Midlands, North and The North-East of England. Every year, we issue over 22 million bills and answer around 2 million phone calls.

npower is one of the most successful providers of energy supply and solutions to British businesses, and are the first energy company to be awarded the Carbon Trust Triple Award for sustainable management of energy, waste and water.

Reference: 36847977

Bank or payment details should not be provided when applying for a job. is not responsible for any external website content. All applications should be made via the 'Apply now' button.

Report this job