Derivatives Trader

EDF Trading; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

A leading energy trading company in London is seeking an experienced trader to develop and manage a book of vanilla power, gas, and EUA options. You will generate revenues from trading strategies and implement pricing models. The ideal candidate has at least four years of experience in energy options trading and strong skills in Python and statistical analysis.

Qualifications

• Degree or equivalent experience in quantitative subjects required.
• Experience in European power or gas options trading necessary.
• Strong communication skills are essential.

Responsibilities

• Generate revenues from option and volatility strategies.
• Trade liquid energy market options and market make illiquid ones.
• Implement trading strategies with quantitative analysis.

Skills

Python

Excel

VBA

Data handling

Mathematical skills

Education

Degree in a statistical/mathematical/quantitative subject

Job description

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This role consists in 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 with supporting quantitative analysis
• Designing and developing pricing models and desk tools for vanilla derivatives products
• Comply with all regulatory guidelines and relevant authorities
• This role is subject to the Front Office Supervision Procedures and you are required to adhere to them at all times and attest that you have read and understood them on an annual basis

Requirements

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

Experience required

• Four years experience in European power or gas options trading or other energy options trading

Person specification

• Strong communication skills both written and verbal
• Excellent analytical / statistical and quantitative skills
• Experience of working in a fast paced environment is essential
• Proactive
• Highly motivated and ambitious – an aptitude for development in trading