Shift Trader

Octopus Energy Group; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A pioneering energy company in London seeks a Power Trader to execute trades and manage exposure in a dynamic market. The role demands strong analytical skills and a passion for decarbonisation. Candidates should have at least 1 year of trading experience and be ready to work shifts. This position offers a unique culture with autonomy and opportunities to work on innovative projects.

Benefits

Unique culture with autonomy

Access to UK perks hub – Octopus Employee Benefits

Recognition and awards for workplace culture

Qualifications

• 1+ years in a shift-based role including proprietary trading.
• Passion for decarbonisation and grid flexibility.
• Ability to maintain attention even in low volatility.

Responsibilities

• Make fast, profitable trading decisions using analytical tools.
• Execute trades in the Intraday Power market.
• Design algorithmic trading strategies.

Skills

Experience in Power Trading or a similar field

Ability to synthesise numerical information

Understanding of spot power market drivers

Motivation to succeed in a fast-paced market

Willingness to work shifts

Job description

Overview

With outstanding skills in forecasting, initially to work in intra-day forecasting. At Octopus Energy Trading, we’re on a mission to reshape the future of energy. As part of Octopus Energy Group, we’re creating an innovative approach to trading to accelerate the transition to a Net Zero world. With the growth of renewables and a push toward decarbonising heating and transport, greater flexibility in the grid is essential. We are building technology to optimise everything from domestic EV charging to grid-scale batteries and to meet the global demand for energy flexibility. Our trading team addresses the unique challenges and volatility of a renewables-based power sector. This is an exciting opportunity to join a high-impact venture where you’ll help drive Octopus’ growth in the dynamic energy market.

We’re looking for passionate and unconventional thinkers to join us on this journey, bringing a diversity of experience and ideas to shape a more efficient, flexible, and sustainable energy system. To achieve Net Zero emissions, greater grid flexibility is a fundamental necessity to cope with a more variable renewables-based power sector and enable the decarbonisation of heating and transport. We are doing unconventional things and need a team of unconventional traders. This is a brand-new venture within Octopus with a blank canvas to create a diverse and talented team of market experts that will push to find new ways of improving market efficiency and decarbonising the grid. You will be a key member of the team that develops transformational solutions and rapidly implements these to meet the urgent and global need for energy flexibility.

What you’ll do

• Use market leading analytical tools to make fast, profitable trading decisions
• Execute trades within the Intraday Power market to manage Octopus’ exposure on its multi-billion pound hedge book
• Deliver additional value through the optimisation of flexible assets in the short-term market
• Trade the changing forecasts of our PPA portfolio
• Design and feedback ideas for improvements in the analytics suite, and share trading strategy ideas with the team
• Help to build and design algorithmic trading strategies
• Liaise with the Trading Manager to ensure short-term exposure risks are understood across the business

What you’ll need

• Experience in Power Trading or a similar field – ideally 1+ years in a shift-based role including proprietary trading
• A passion for the challenge of decarbonisation and grid flexibility as an enabler for it
• Ability to synthesise numerical information and make informed decisions quickly
• Understanding of the fundamental drivers of the spot power market and a drive to become a top performing trader
• Motivation to succeed in a fast-paced and competitive market
• Ability to maintain sustained attention to the market, even in times of low volatility
• Willingness to work shifts, including nights and weekends

Why you’ll love it here

• Salary is discussed on a call with a recruiter to ensure the right match; there is flexibility and a focus on finding the right fit
• Octopus Energy Group offers a unique culture with autonomy, ownership, and opportunities to work on cutting-edge projects
• Recognition and awards for workplace culture and leadership; access to our UK perks hub – Octopus Employee Benefits

If this sounds like you, we’d love to hear from you. We are an equal opportunity employer and welcome applicants from all backgrounds. We do not discriminate on the basis of any protected attribute and are committed to providing equal opportunities and an inclusive work environment.