The role's primary responsibility will be to define and execute in conjunction with the traders, the trading strategies around the large emission portfolio.
MAIN JOB FUNCTION:
Working closely with traders and originator of emissions certificates and related derived products to manage a large portfolio
Keeping an up-to-date knowledge of the emissions market at large.
Managing price risk exposure and contract negotiations.
KEY RESPONSIBILITY AREAS:
Assist with the set up a sophisticated trading books for emissions (flow, hedging, prop);
Support the setting up of the internal emissions market
Support the group in development of projects in primary market;
Liaise closely with other relevant commodity desks;
Develop and maintain relationships with trading houses and other counterparties;
Provide management with suggestions & proposals for new marketing strategies and contribute to the decision making process.
Work closely with IT department to develop the front office tool.
Implementation of analysis, strategy and other tools.
CANDIDATE SPECIFICATIONS
Extensive experience in European Carbon or combined power, gas and carbon markets, gained in a similar role within an energy trading or utility company
Strong academic credentials with a Math/ Statistics oriented specialization. Degree from a leading university and PhD, MS in Mathematics, Statistics, Physics, Economics, Econometrics, Finance or Computer Science will be beneficial.
Detailed understanding of the fundamental drivers of the European power, gas and carbon markets.
Experience in leading development & implementation of trading strategies and tactics with accountability for delivery against annual profit target.
Knowledge of typical risk management methodologies e.g. VaR and stress testing analysis.
Knowledge and understanding of all relevant regulations impacting the carbon markets.
Familiarity with the primary markets certificates
Excellent interpersonal and communication skills.
Strong presentation skills and ability to present information in a clear and concise manner.
Strong negotiation and influencing skills
Proactive approach to problem solving and ability to identify and set priority actions and handle a high workload.
Please contact Paul Furlong, Senior Consultant at Spencer Ogden
For more information about this role please contact our London office
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