Forward Trading Lead

BnM; Newbridge; On-site; EUR 120,000 - 180,000; Full time

Job summary

BnM is seeking a Forward Trading Lead to shape and deliver its Irish power hedging strategy within SEM and forward markets. The role combines market expertise with commercial and analytical acumen to optimise portfolio performance and manage market risk.

The ideal candidate will lead market analysis, price forecasting, trade risk management and regulatory compliance, driving improvements across trading processes and reporting to support growth of BnM's renewable portfolio.

Qualifications

• Honours degree (NFQ 8) in a relevant subject.
• At least five years' experience in power trading, forward hedging or energy analysis.
• Strong knowledge of SEM/I-SEM, EMIR and REMIT obligations.
• Experience developing price forecasts, market models and scenarios.
• Proven ability to lead and develop a trading team; stakeholder management skills.

Responsibilities

• Lead the Forward Trading team to develop hedging strategies and optimise hedge volumes.
• Own the Energy Trade Risk Management framework including data quality and onboarding.
• Ensure EMIR and REMIT compliance and regulatory reporting readiness.
• Lead market analysis and price forecasting; produce scenarios and trading recommendations.
• Monitor SEM developments; advise on trading strategy, controls and systems changes.
• Develop, validate and govern Plexos models for I-SEM and GB pricing.
• Lead outage/capacity-market analysis and secondary trading strategy.
• Co-operate on health, safety and welfare; promote safe work practices.
• Coach a team of three; set objectives and drive performance and knowledge sharing.

Skills

Power trading

Forward hedging

Market analytics

Price forecasting

Excel

SQL

Python

Power BI

ETRM systems

Plexos

Scenario analysis

Stakeholder management

Data analysis

Model governance

Regulatory knowledge

Education

Honours degree (NFQ 8)

Tools

Plexos

SQL

Python

Power BI

Job description

BnM is seeking a Forward Trading Lead to play a key role in shaping and delivering the organisation's forward trading and hedging strategy for its Irish power portfolio. The successful candidate will combine deep market expertise with strong commercial and analytical capability to support strategic trading decisions, optimise portfolio performance and manage market risk across the Irish Single Electricity Market (SEM) and forward power markets.

The role also provides an opportunity to lead market analysis, price forecasting, trade risk management and regulatory compliance activities while driving continuous improvement across trading processes, controls and reporting. Through the delivery of timely insights, robust market intelligence and evidence-based recommendations, the successful candidate will support improved trading performance, informed decision-making and the continued growth and success of BnM's renewable energy portfolio.

The Role:

The main duties and responsibilities of the role will include the following:

• Lead the Forward Trading team to develop and execute approved hedging strategies for BnM's Irish power portfolio; optimise hedge volumes, products and timing within agreed mandates; monitor positions and performance; develop counterparties and market access; manage credit, liquidity and execution risks; and provide clear recommendations to internal stakeholders in line with BnM's governance framework.
• Own and continually improve the Energy Trade Risk Management framework, including trade capture, data quality, controls, new asset and product onboarding, position reporting and audit readiness.
• Ensure compliance with EMIR and REMIT obligations, Ministerial Specifications, BnM Treasury Policy and internal procedures, including requirements relating to (C)PPAs and Guarantees of Origin; maintain documented processes and coordinate regulatory reporting, assurance reviews and remediation actions.
• Lead forward-market analysis and performance reporting to support strategic trading decisions; assess current and future market conditions, price drivers, competitor activity and asset economics; produce scenarios and sensitivity analysis; identify risks and opportunities; and translate findings into actionable trading recommendations, KPIs and management insights.
• Monitor market design, energy policy and regulatory developments, including SEM Committee consultations; assess their commercial and operational impact; work with the Policy & Regulation team and other stakeholders to recommend changes to trading strategy, controls, processes and systems; and ensure the Trading team is prepared for implementation.
• Lead the development, validation and governance of electricity market pricing models in Plexos for I-SEM and Great Britain; maintain robust assumptions and scenarios; communicate model limitations; and produce regular price forecasts to support trading, asset operations, regulatory analysis and long-term investment decisions.
• Lead outage and capacity-market analysis for BnM's assets; provide timely recommendations on capacity risks ahead of key outages; and develop, implement and maintain the secondary capacity trading strategy, controls and reporting required to minimise commercial and compliance risk.
• All employees are expected to co-operate fully with all provisions taken by the company for ensuring Health, Safety and Welfare of themselves, fellow employees and members of the public. Identify, understand and apply all Health & Safety legislation and regulatory requirements as a fundamental element of any construction design or undertaking ensuring safety of employees and members of the public during construction, testing, commissioning and operation.
• Lead, coach and performance-manage a team of three, setting clear objectives and priorities and ensuring high-quality, timely delivery. Develop team capability through regular feedback, knowledge sharing and succession planning, while contributing proactively to the wider Trading team’s objectives.

The Person:

The ideal candidate will possess the following qualification, skills, knowledge, and attributes:

• Honours Degree (NFQ 8, 2.1 min), in a relevant subject i.e. Statistical/Numerical background; Engineering, Science, Economics, Mathematics, Finance, Computer Science, Data Analytics or similar.
• At least five years' relevant experience in power trading, forward hedging, power market analytics, price forecasting or commercial energy analysis, including responsibility for commercially significant recommendations or trading decisions.
• Strong knowledge of SEM/I-SEM, forward power markets, market drivers, generation asset economics and relevant regulatory obligations, including EMIR and REMIT.

• Demonstrable experience developing or applying power price forecasts, market models, scenarios and statistical analysis to support trading decisions, along with experience managing trading positions, hedge performance, counterparty or credit considerations and associated controls.
• Proven ability to analyse large datasets, test assumptions and convert complex findings into clear commercial recommendations, with advanced Excel and data-analysis capability and experience manipulating, validating and presenting large datasets.
• Demonstrable people leadership, including coaching, objective setting, workload prioritisation, quality review and capability development, together with strong stakeholder management, communication, reporting, organisational and interpersonal skills.
• Strong ability to influence senior decision-makers using clear, evidence-based recommendations, with sound judgement, commercial focus and the ability to work independently in a controlled trading environment.
• Working knowledge of ETRM systems, trading controls and management reporting; experience with Plexos and one or more of SQL, Python or Power BI would be advantageous.
• Experience in gas-market modelling, capacity-market analysis, renewable asset hedging, (C)PPAs, Guarantees of Origin, the development of new trading products and counterparties, future market-design workstreams, model governance, back-testing, forecast-performance evaluation, and membership of a relevant professional body would be advantageous.

BnM is an equal opportunities employer.