Short term Power Trader

WHAT WILL YOU DO?

Short Term Power Trader candidate will be part of Assets Optimization and Trading (AOT, one of the local Global Business Unit Energy management Italy –S&EM Italy– ). His/her role will be contributing to create value around S&EM Italian assets & Trading.

Based on its perimeter defined by Short term Power Optimization & Trading Manager the candidate will:

• Manage Power Asset: spot market dispatching and Optimization  (Day Ahead; Intraday, Ancillaries markets) defining and execute the best strategies on the spot energy markets (Day Ahead; Intraday, Ancillaries markets)) in order to maximize the margin and minimize risks
• Manage Short term (intra-month and month ahead) power co2 and gas portfolio, maximizing results and minimizing risk, through all flexibility offered by the markets
• Assess market strategies of competitors through the development of new analysis tools
• Through analysis on power balancing markets based on probabilistic models, optimize the bidding and maximize margins
• Develop analysis on availability and outages of power plants and transmission grid, implementing a methodology and a model to reproduce the behavior of market competitors and transmission operator.
• Manage CCC auctions in order to maximize the margin and minimize risks
• Manage Short Term Trading positions within the allowed risk mandate and ensuring correctness of the related reporting on daily, weekly and monthly basis;
• Actively support S&EM Italy platform business development;
• Propose improvement of models, processes & IT tools and follow up implementation;
• Drive the business platform towards automation of bidding strategies on spot markets (algotrding)

The ideal profile matches with the followings prerequisites:

1. Degree/Experience;

· Degree in Engineering/Finance/Economics/Mathematics;

· Minimum 5 years experience in Energy Management and/or in the energy space;

· Excellent knowledge of Italian market design and fundamentals (e.g. Day Ahead; Intraday, Ancillaries markets, intrazonal constraints) is mandatory;

• Excellent experience in quantitative analysis and probabilistic model;
• Knowledge of global energy markets is a plus;

· Knowledge of trading environment (and related risk metrics) as well as experience in hedging instruments/strategies  is a strong plus;   

1. Behavioral:

• Attitude to work in availability (24hours /7 days)
• Attitude to change, "mobility", "flexibility" is required

· Strong team player; humble and communicative. Interested to others opinion.

· Strongly customer oriented. Respectful of others stakeholders and polite.

· Eager to learn new things; curious and passionate in commodities and financial markets and new developments in the energy sphere;

· Strong analytical skills and ability to apply those skills in a practical fashion.

· Strong work ethic, attention to details and risk awareness.

· An attitude and practice of proactive idea generation and continuous review and improvement of processes.

1. Language, IT

· Fluent English and Italian.

· Proficient knowledge of Python and Excel (possibly VBA).