Global Commodities - European Power and Gas Trader - Associate

JPMorganChase; Greater London; On-site; GBP 100,000 - 140,000; Full time

Job summary

J.P. Morgan is seeking an Associate in the energy derivatives team to price and manage power and gas risk across European benchmarks.

You will work on linear and non-linear trades in liquid and illiquid markets, with a focus on delivering commercial outcomes for clients. You will build and apply fundamental and quantitative analyses, translate insights into trading opportunities, and collaborate with front office colleagues to optimise risk and profitability in a fast-paced environment.

Qualifications

• Experience trading European power and gas benchmarks.
• Solid understanding of power and gas fundamentals modelling and analysis.
• Proven track record translating fundamental analysis and quantitative modelling of derivatives space into trading opportunities and asset optimization strategies.
• Understanding of the dynamics of power and gas options.
• Competency in the logistical/delivery aspects of short-term power and gas trading.
• Good business-building and communication skills to aid growth of the firm's customer franchise.
• Initiative and resourcefulness with a strong desire to problem-solve in a commercial context.

Responsibilities

• Drive growth of the bank's customer franchise via design and delivery of innovative trade, risk management and optimization solutions for both existing and future client base.
• Demonstrate initiative in building out in-house fundamentals analysis and analytical infrastructure as per business requirements.
• Conduct fundamentals analysis with current automation and analytical techniques to derive commercially relevant interpretative analysis.

Skills

Power & Gas Trading

Fundamentals Modelling

Derivatives Analysis

Options Pricing

Logistics Delivery

Business Development

Initiative

Job description

Job Description

As an Associate in the team you will be responsible for pricing and managing power and gas derivative risk including linear and non-linear trades in both liquid and illiquid benchmarks across the European gas and power space.

As an Associate in the team you will be responsible for pricing and managing power and gas derivative risk including linear and non-linear trades in both liquid and illiquid benchmarks across the European gas and power space.

Job Responsibilities

• Drive growth of the bank's customer franchise via design and delivery of innovative trade, risk management and optimization solutions for both an existing and future client base
• Demonstrate initiative and resourcefulness in terms of steering the growth of in-house proprietary fundamentals analysis and, with appropriate guidance and support, help build out further analytical infrastructure as per business requirements
• Conduct fundamentals analysis with current automation and analytical techniques to derive commercially relevant interpretative analysis

Required Qualifications, Capabilities, And Skills

• You bring demonstrable experience trading European power and gas benchmarks
• You have a solid understanding of power and gas fundamentals modelling and analysis
• You have a proven track record of translating fundamental analysis and quantitative modelling of derivatives space into trading opportunities and asset optimization strategies
• You demonstrate understanding of the dynamics of power and gas options
• You demonstrate competency in understanding the logistical/delivery aspects of short-term power and gas trading
• You have good business-building and communication skills in order to aid growth of the firm's customer franchise
• You are full of initiative and resourcefulness with a strong desire to problem-solve in a commercial context

Preferred Qualifications, Capabilities, And Skills

• Experience trading other commodity asset classes, such as emissions or oil, is advantageous
• An academic background or professional experience applying the latest statistical or computational methods to complex problem sets

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We are an equal opportunity employer and place a high value on diversity and inclusion at our company.

We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law.

We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

About The Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.