Energy Trader, Natural Gas & Power

ING; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution in London is looking for a candidate for a commodity trading role focused on European natural gas and power. The ideal applicant will have a degree in a relevant field and at least 2 years of experience in commodity markets. The position involves analyzing market data, executing orders, and managing risks. A strong understanding of regulatory requirements and programming skills are desirable for this role.

Qualifications

• Minimum of 2 years experience in European natural gas and/or power.
• Knowledge of European energy fundamentals.
• Basic knowledge of option pricing, trading and risk management.

Responsibilities

• Follow developments in commodity markets.
• Execute orders across commodity products.
• Help identify market opportunities.

Skills

Proactive behaviour

Effective communication skills

Team player

Programming skills (Python, Excel VBA, SQL)

Education

Degree in Engineering, Science, Mathematics, or Statistics

Tools

Microsoft Excel

Job description

Department Overview

The Commodities Trading Department is a global team, offering tailored commodity hedging and risk management solutions across the ING client base. Predominantly servicing corporate clients and commodity producers around the world, the team offers round-the-clock coverage, and global execution capabilities, according to the ING orange code.

Core services

• Commodity derivative hedging – linear & non-linear products
• Market execution - across global exchanges and OTC markets

Global teams

• London: Main commodities trading hub, predominantly covering EMEA, with specialized teams per product group.
• New York: Cross commodity, covering the Americas
• Singapore: Cross commodity, covering APAC

Product Coverage

• Oil & Products
• Energy
• Base & Precious Metals
• Agricultural Products

Main Duties and Responsibilities of Role

• Actively follow developments in (paper) commodity markets;
• Continuously check and update relevant market parameters;
• Provide cross commodity cover to other traders in the desk, namely indicative and firm quotes for clients;
• Execute orders across multiple commodity products;
• Manage risk position of the desk within the applicable limits and desk risk tolerance;
• Help contribute towards desk strategy by identifying market opportunities;
• Ad hoc analysis and contribution towards ongoing projects for the desk;
• Contribute to development of tools & automation to streamline desk processes;
• 100% observance of all FCA requirements, industry conduct rules, ING Compliance standards, exchanges’ rules & regulations.

Candidate Profile

• Qualification/Education
  • Educated to Degree level in either Engineering, Science, Mathematics, Statistics.

• Experience/Knowledge
  • Essential:
  • A minimum of 2 years experience working in European natural gas and/or power
  • Knowledge of European energy fundamentals
  • Programming skills (Python, Excel VBA, SQL)
  • Working knowledge of Microsoft Excell
  • Basic knowledge of option pricing, trading and risk management

• Desirable:
  • Experience working in a bank
  • Knowledge of regulatory changes and impact on trading activities

Personal Competencies

• Essential:
  • Proactive behaviour and perpetual energy and drive to improve performance
  • Effective team player with good interpersonal and communication skills
  • Challenger of the status quo, always striving to do things more efficiently and effectively.

ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead)
For us, success will only be achieved if we act with Integrity.
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.

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