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Junior Trader, European Gas and Power Flow

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EDF Trading

1mo ago

  • Job
    Full-time
    Junior Level
  • Banking & Finance
  • London
  • Quick Apply

AI generated summary

  • You should have a strong understanding of European gas and power markets, analytical skills, a background in finance or similar fields, and the ability to work in a fast-paced environment.
  • You will analyze market data, execute trades in European gas and power, monitor price movements, and assist in strategy development to optimize trading performance.

Requirements

  • Experience of working in a commodity trading environment, preferred
  • Good working knowledge of the Gas markets
  • Market analysis experience a plus
  • Strong understanding of effective risk management
  • Graduate level in an analytically-based discipline i.e. finance, maths, economics, science or equivalent experience, preferred
  • Master’s degree in a quantitative field or CQF equivalent would also be beneficial
  • Experience of optimising Storage, Swing and Cross Border Capacity, beneficial
  • Motivated, business oriented person
  • Good communication and analytical skills
  • Fast learner
  • Able to work in a fast paced environment
  • Proactive
  • Team player

Responsibilities

  • Strategy Development and Implementation:
  • Assist in the development of the European Gas Trading strategy.
  • Help identify and develop the medium and long term business plan.
  • Help identify structured opportunities and participate in closing those transactions when necessary.
  • Work closely with the Marketing team to help guide their efforts to provide opportunities that are aligned with trading ideas.
  • Trading:
  • Execute the European Gas Trading Strategies in consultation with the Head of European Gas Trading, this includes risk management, VAR utilization, and position management.
  • Utilize position /strategy management techniques such as Stop Loss Limits, VAR and other analytical tools.
  • Assist with book structures for the European business.
  • Organize weekly trading meeting for the team for the purpose of sharing ideas and aid in coordinating trading activities. Participate when necessary in other EDFT trading meetings to facilitate cross commodity opportunities.
  • Assist with maximizing trading asset performance.
  • Provide back for other areas of the Desk.
  • Origination:
  • Support origination strategy for Europe in conjunction with Origination department.
  • Assist with processes to maintain effective coordination between trading and origination.
  • Provide marketing support in less liquid markets such as Spain, Italy and Eastern Europe for the purpose of expanding our footprint and looking for new business opportunities.
  • Commercial Management:
  • Assist with the processes necessary to support the day-to-day management of the European gas business.
  • Provide commercial solutions for EDF group and co-controlled entities consistent with maximising value for the EDF Group.
  • Work with the 24 hour operations team to increase commercial knowledge and out of hours trading opportunities.
  • This role is subject to the Front Office Supervision Procedures and you are required to adhere to them at all times and attest that you have read and understood them on an annual basis.

FAQs

What is the main purpose of the Junior Trader position at EDF Trading?

The main purpose of the Junior Trader position is to develop profitable trading strategies, assist in managing the executions of those positions, and work with the Head of Trading to identify growth opportunities for the business while supporting other departments and affiliates.

What are the key responsibilities associated with this role?

Key responsibilities include strategy development and implementation, executing European Gas Trading strategies, supporting origination strategies, assisting in commercial management, and participating in weekly trading meetings to share ideas and coordinate activities.

What qualifications are preferred for candidates applying for this position?

Preferred qualifications include experience in a commodity trading environment, a good working knowledge of the gas markets, market analysis experience, a strong understanding of effective risk management, and a graduate level degree in an analytically-based discipline such as finance, maths, economics, or science. A Master's degree in a quantitative field or CQF equivalent would also be beneficial.

What personal qualities are important for a Junior Trader at EDF Trading?

Important personal qualities include being motivated, business-oriented, a fast learner, proactive, and a team player, along with possessing good communication and analytical skills necessary to work in a fast-paced environment.

What is the working hours for this position?

The working hours for the Junior Trader position are 40 hours a week.

Is experience in risk management important for this role?

Yes, a strong understanding of effective risk management is important for the role of Junior Trader, as it is crucial for executing trading strategies and managing positions effectively.

What kind of support will the Junior Trader provide to the trading and origination teams?

The Junior Trader will provide marketing support in less liquid markets, assist with maintaining effective coordination between trading and origination, and help identify structured opportunities to maximize trading asset performance.

What benefits can employees expect when joining EDF Trading?

Employees can expect a great range of benefits, including hybrid working options, a personal pension plan, private medical and dental insurance, bi-annual health assessments, corporate gym memberships, an electric car lease program, childcare vouchers, cycle to work schemes, season ticket loans, and opportunities for volunteering.

How does EDF Trading promote diversity and inclusion in the workplace?

EDF Trading places a high emphasis on gender balance and inclusion, creating a diverse family of around 800 colleagues that participate in regular social and networking events to foster connections within the business.

What type of markets will the Junior Trader support within their role?

The Junior Trader will support the European gas markets, and also provide marketing support in less liquid markets such as Spain, Italy, and Eastern Europe to expand business opportunities.

EDF Trading

The wholesale energy market specialist

Energy
Industry
501-1000
Employees
1999
Founded Year

Mission & Purpose

EDF Trading is a leader in the international wholesale energy markets. We manage a portfolio of assets which give us the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable us to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and our third-party customers, helping them to realise the value inherent in their asset portfolios. EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets. We are also active in the LNG and coal and freight markets via JERA Global Markets. We are one of the largest wholesale market traders in Europe for power and gas. In North America, we are one of the leading marketers of gas and power, one of the main providers of generation services for power generation companies and a leading energy retailer for large commercial and industrial customers. We are a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production. EDF Trading recognises the importance of attracting, retaining and developing diverse world-class professionals. We identify, foster and reward all talent, valuing and leveraging the diversity amongst our people to offer creative and innovative products and services to the EDF Group and our third-party customers. We have a culture that enables us to be forward thinking and agile and at EDF Trading, individuals can really make a difference. Everyone shares a common vision and a team spirit that encourages people to make things happen. EDFT is about working together, embracing the challenge and delivering exceptional customer service. With offices in London (Headquarters), Paris, Houston and Singapore, we have a cosmopolitan mix of more than 35 nationalities from our global employee base of around 800 people.

Benefits

  • Season ticket loan

  • Cycle to work scheme

  • Personal pension plan

  • Medical, dental and vision insurance for employees and dependents

  • Hybrid work model

  • Corporate gym membership rates