Senior Short Term Power Trader

TN United Kingdom; London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

An innovative firm is seeking a Senior Short Term Power Trader to spearhead the development of a cutting-edge trading desk. This role offers the opportunity to leverage your expertise in UK Power markets and global energy trends, driving significant P&L growth. Collaborate with tech and data science teams to enhance analytical capabilities while delivering on ambitious targets. Join a dynamic team dedicated to addressing the climate crisis and making a real impact in the energy sector. If you're proactive, results-driven, and ready to embrace a fast-paced environment, this is the perfect opportunity for you.

Benefits

34 days of holiday

Healthcare cash plan

Private medical insurance

Gym membership

Dental insurance

Cycle to work scheme

Public transport season ticket loans

Discount dining

Tech loans

Personal carbon offsetting

Qualifications

• Proven track record in Energy Trading within UK Power markets.
• Experience in optimizing Power balancing activities.

Responsibilities

• Lead the development of a new within day trading desk.
• Maximize P&L growth through data-driven decisions.

Skills

Energy Trading

UK Power Markets

Data Analysis

Cross-Functional Teamwork

Decision Making

Communication Skills

Tools

Tableau

SQL

Python

Job description

Social network you want to login/join with:

Location: Hub based! Bristol, London or Glasgow

But you have the flexibility to work wherever suits you best

Team: Trading, part of the Energy business line

Experience: Expert

Working pattern: Full-Time

Reporting to: Gethin Musk - Head of Trading

Sponsorship: Unfortunately we are unable to offer sponsorship for this role.

This role in 3 words: Multifaceted, Innovative, Exciting

Top 3 qualities for this role: Proactive and Results Driven, Creative, Expert

In the words of the team, you should leave your current role for this one because….

“It’s a really exciting opportunity, and you get to work with some great people!”

Everyone belongs at OVO

At OVO, we are on a mission to solve one of humanity's biggest challenges, the climate crisis. And we know it takes all of us to change the world. That's why we need a diverse group of people from all gender identities, ethnicities, ages, sexual orientations, life experiences and backgrounds to join us.

Teamworking for the planet

Everything we do here spins around Plan Zero. So, naturally, the team plays a gigantic role in making that happen. Here’s how:

Every day, Trading works to secure the best possible energy cost for our members. We do this through using our wholesale market expertise to make good trading decisions. Through developing a within day power trading capability, we are looking to expand this into the within day market, which we believe will be crucial for our customers in the future. As our customers begin to generate electricity from solar, store energy in home batteries and charge their electric cars, we believe being active in the within-day power market is important for the future.

This role in a nutshell:

Using your energy trading prowess, at the forefront of delivering the £m targets of our dynamic Energy department will be your goal. You will lead the development of our brand new within day trading desk, ultimately using this new capability to optimize OVO’s power balancing activities and deliver P&L growth.

With your expertise in UK Power markets and global energy trends, you'll make data-driven decisions and maximize a brand-new value opportunity for OVO. You will work with our tech and data science teams to build out a new analytical capability for OVO which will advise your trading decisions.

Expectations will be to hit £m P&L targets through optimizing our large within day power positions as well as taking calculated risks to generate additional value.

Get ready for an exciting role where you take charge, make a real impact, and unlock the full potential of OVO's energy portfolio.

Your key outcomes will be:

• Delivery of a brand new within day power trading capability (currently in development)
• Crafting an annual £m benefit versus existing costs and targets
• Developing others in the team to support and cover your portfolio.

Within your first few months you’ll:

• Have delivered an initial EPEX trading setup and executed OVO’s first within day power trades.
• Have worked with our portfolio management team to deliver a book structure, risk and P&L reporting suite.
• Developed a detailed plan to build a cutting edge analytical toolkit.

Systems: BMRS data, our ETRM system, Reporting tools like Tableau, SQL, Python

You’ll be a successful Senior Short Term Power Trader at OVO if you…

• Boast a proven track record as an Energy Trading professional in UK Power markets.
• Command extensive proven experience across UK Wholesale Power and Gas Markets, coupled with a deep understanding of the global energy landscape.
• Showcase an impressive history of adding value through astute trading, particularly in optimizing Power balancing activities.
• Demonstrate adeptness in cross-functional teamwork, delivering successful projects in partnership with diverse teams.
• Possess a flair for innovative thinking, thriving on direct responsibility and consistently delivering tangible value.
• Exhibit the capability to own and execute critical business processes with unwavering precision and adaptability.
• Display a keen eye for critical analysis, effectively interrogating model outputs and providing valuable feedback for continuous improvement and heightened accuracy.
• Excel in interpersonal and communication skills, effectively presenting clear recommendations, and swiftly responding with conclusive actions.
• Show a dedication to supporting and nurturing the growth of fellow traders and analysts within the Trading domain.

You won’t like this role if you…

• Find it hard to put in the effort with decision making in uncertain environments.
• Find it difficult to end your working day with uncertainty about what tomorrow may look like.
• Feel pressure from being encouraged to work at pace and in a fast changing environment.

Let’s talk about what’s in it for you

We’ll pay you between £70,000 and £90,000, depending on your specific skills and experience. If your expectations are a little different, have a chat with us!

We keep our pay ranges broad on purpose to give us, and you, flexibility to match your experience to our zero carbon mission.

You’ll be eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal.

We also offer plenty of green benefits and progressive policies to help you feel like you belong at OVO…and there’s flex pay. It’s an extra 9% of your salary on top of your core pay to use as you like. You can take it as cash, add to your pension, or choose to spend it on a huge range of flex benefits. Here’s a taster of what’s on offer:

For starters, you’ll get 34 days of holiday (including bank holidays). For your health With benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and more For your wellbeing With gym membership, gadget, travel and cyber insurance, workplace ISA, will writing services, DNA testing, dental insurance, and more For your lifestyle With extra holiday buying, discount dining, culture cards, tech loans, and supporting your favourite charities with give-as-you-earn donations For your home Get up to £300 off any OVO Energy plan (when you pay by Direct Debit), plus personal carbon offsetting and great discounts on smart thermostats and EV chargers For your commute Nab a great deal on ultra-low emission car leasing , plus our cycle to work scheme and public transport season ticket loans Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.

For your Belonging

To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you.