Energy Portfolio Trader

Utility People; Milton Keynes; On-site; GBP 40,000 - 60,000; Full time

Job summary

A central purchasing body in Milton Keynes seeks an Energy Portfolio Trader to oversee and enhance their energy portfolio. Responsibilities include executing trades within risk limits, managing hedging processes, and developing trading strategies. A strong background in trading and risk management is essential. This role offers benefits such as the Local Government Pension Scheme and generous annual leave.

Benefits

Local Government Pension Scheme

29 days annual leave

3 discretionary closedown days at Christmas

Qualifications

• 3 years of experience in a similar role within energy supply, consultancy or a purchasing body.
• Experience in advanced hedging strategies working on 3 years in advance.
• Proven expertise in trading and risk management.

Responsibilities

• Act as the primary energy trader executing transactions.
• Monitor energy markets to secure the best options.
• Develop and manage hedging processes for client needs.
• Collaborate to maintain accurate portfolio data.

Skills

Trading expertise

Risk management

Advanced hedging strategies

Attention to detail

Job description

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Our client, a publicly owned central purchasing body, is looking for an Energy Portfolio Trader to join their team. In this role, you will oversee and enhance the company’s aggregated energy portfolio, execute trades within risk and credit limits while ensuring full compliance with UK legislation and procurement regulations. Your key responsibilities will include monitoring energy markets, managing hedging processes, executing trades, and supporting public sector customers. You will also develop trading strategies, maintain performance platforms, and ensure accurate portfolio reporting. If you have a strong background in trading, risk management, and procurement, along with experience in developing advanced hedging strategies - apply today!

Key responsibilities:

1. Act as the primary energy trader, executing transactions for the portfolio
2. Monitor energy markets through various sources and platforms
3. Ensure first-line reaction to opportunities to secure energy (gas and power) for the portfolio
4. Develop and manage hedging processes to meet client’s energy needs
5. Establish and maintain a platform for tracking and reporting trading performance
6. Ensure the company's flexible energy contract strategy remains relevant
7. Collaborate with cross-functional teams to maintain accurate portfolio data
8. Represent the company in meetings with risk management providers and energy suppliers
9. Ensure procurement frameworks used for supplier selection remain up to date
10. Support supplier management to uphold framework procurement requirements

Skills and experience required:

1. 3 years of experience in a similar role within energy supply, consultancy or a purchasing body
2. Experience in advanced hedging strategies – they work on 3 years in advance
3. Proven expertise in trading and risk management
4. Strong understanding of flexible energy contracts
5. Ability to plan purchases in line with trading strategy, forecasting and price fluctuations
6. Experience working with or understanding public sector customers (preferred)
7. Highly organised with strong attention to detail

Benefits: Local Government Pension Scheme, 29 days’ annual leave plus bank holidays and 3 discretionary closedown days at Christmas etc.