Derivatives Trader

EDF Trading Ltd; City Of London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

A global leader in low-carbon energy is seeking an experienced trader to manage a book of vanilla continental power, gas, and EUA options. The ideal candidate will have at least four years of experience in trading these commodities with strong analytical and quantitative skills. Responsibilities include generating revenue from trading strategies, developing pricing models, and ensuring compliance with regulations. This role is based in London with 40 hours of work per week and offers hybrid working and various benefits.

Benefits

Hybrid working

Private medical and dental insurance

Corporate gym memberships

Childcare vouchers

Cycle-to-work schemes

Season ticket loans

Qualifications

• Degree or relevant experience in a quantitative field.
• Experience in European power or gas options trading.
• Minimum four years in energy options trading.

Responsibilities

• Generate revenues from option and volatility strategies.
• Trade liquid energy market options.
• Implement trading strategies with quantitative analysis.
• Develop pricing models for derivatives products.
• Ensure regulatory compliance.

Skills

Python

Excel

VBA

Data handling

Quantitative analysis

Strong mathematical skills

Education

Degree in a statistical, mathematical, or quantitative subject

Job description

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world!

When you join EDF Trading, you'll become part of a diverse international team of experts who challenge conventional ideas, test new approaches, and think outside the box.

Energy markets evolve rapidly, so our team needs to remain agile, flexible, and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil, and environmental products.

EDF Group and our customers worldwide trust us to manage their assets effectively and efficiently, protected through expert risk management. Trading for over 20 years, we are leaders in the field. Energy is what we do.

Most of all, we value our people. Join our team and enjoy a range of benefits including hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessments, corporate gym memberships, electric car lease schemes, childcare vouchers, cycle-to-work schemes, season ticket loans, volunteering opportunities, and more. We also provide free fruit to promote health.

Gender balance and inclusion are priorities at EDF Trading. You will be part of an ever-diversifying family of around 800 colleagues based in London, Paris, Singapore, Tokyo, and Houston. Regular social and networking events, both physical and virtual, will keep you connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group, a global leader in low-carbon electricity generation, partnered with JERA, one of Japan's largest utilities. It's a great place to begin or advance your career in the commodities sector.

Join us, make a difference, and help shape the future of energy.

Job Description:

Position purpose

This role involves developing and managing a book of vanilla continental power, gas, and EUA options.

Main Responsibilities

• Generating revenues from option and volatility strategies on power, gas, and EUA
• Trading liquid energy market options and market-making illiquid ones
• Implementing trading strategies supported by quantitative analysis
• Designing and developing pricing models and desk tools for vanilla derivatives products
• Ensuring compliance with all regulatory guidelines and authorities
• This role is subject to the Front Office Supervision Procedures, which must be adhered to at all times, with annual attestation of understanding

Requirements

• Degree in a statistical, mathematical, or quantitative subject, or relevant experience
• Experience in European power or gas options trading or asset-backed trading
• Strong skills in Python, Excel, VBA, and data handling
• Strong mathematical skills

Experience required

• At least four years of experience in European power or gas options trading or other energy options trading

Person specification

• Strong written and verbal communication skills
• Excellent analytical, statistical, and quantitative skills
• Experience working in a fast-paced environment
• Proactive and highly motivated with a development mindset in trading

Hours of work:

40 hours per week