Avangrid Glasgow United Kingdom
1 week ago
Location Glasgow HQ, G2 5AD / Hybrid
Salary circa 72,000 (dependent on experience) + 25% bonus and PMI
Closing Date 19th May
Interviews anticipated end May
Help us create a better future, quicker
The key areas of responsibility are to provide a commodities (power, gas & CO2) trading service / route to market for the ScottishPower assets and contract portfolio in Europe, with main focus on UK. This is achieved by actively trading to maintain high performance and meet/exceed financial targets.
The team provides expert market opinions to stakeholders and develops hedging strategies for the portfolio in conjunction with the Portfolio Optimisation team. Additionally, the individual is expected to propose structures and products to maximize risk/reward exposures and interface with operational shift trading to ensure optimal dispatching. All trading activities are carried out in accordance with good practice, global risk policies and any relevant financial regulations that apply e.g. FCA... in UK.
What you'll be doing
Coordinate hedging execution across the Trading desk and interface with Portfolio Optimisation team to put in place hedging strategies, monitor triggered levels and track hedging operations. Ensure all orders are hedged in a timely manner and at correct trigger levels and provide a commodity trading service/ route to market for ScottishPower's asset and contract portfolio in UK and, were required, Continental Europe.
Provide trading training and guidance to develop the capabilities and maintain the performance of the UK power Team including coaching for more junior traders.
Ensure trading processes and operational activities are efficient and meet business needs and are carried out in compliance with Group Risk Policies and Procedures and relevant regulatory requirements, including but not limited to the FCA, REMIT, MIFID 2 & EMIR.
Manage change to the trading environment caused by initiatives such as the introduction of new IT systems, regulatory trading arrangements and accounting standards to ensure compliance and continued performance.
What you'll bring
You'll be FCA approved, with a degree preferably in a numerate discipline along with extensive commercial knowledge & experience of cross commodity markets or other energy related trading experience.
Proven negotiation skills along with the ability to make strong balanced decisions under pressure. You'll bring a strong performance management and delivery focus along with sound PC skills in Excel, Word, commodity trading software (e.g. Reuters, Bloomberg, Trayport) or other trading and/or risk management software.
What's in it for you
As well as a competitive salary a bonus up to 25% and private health care which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we'll double match your contribution up to a company contribution of 10%.
At ScottishPower, we believe it's the little things we do in life that make a big difference. From helping you look after your family's wellbeing, save for your future and take personal steps for climate action - our benefits are designed to help you do just that - so that you have everything you need to take care of your world - today and tomorrow. That's why our benefits include:
• 36 days annual leave
• Holiday purchase - perfect your work/life balance with extra annual leave
• Share Incentive Plan and Sharesave Scheme
• Payroll giving and charity matched funding
• Technology Vouchers - save more and spread the cost of your technology purposes
• Count us in - pledge to reduce carbon emissions and help fight climate change
• Electric Vehicle Schemes - to help you transition to green/clean driving
• Cycle to Work scheme and public transport season ticket loans
• Options to purchase dental insurance, private medical insurance, health cash plan and annual health assessments
• Life Assurance (4x salary)
• Access to 'nudge' financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more
ScottishPower is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. With a commitment to generate all of our energy from renewable resources and a drive to create the energy infrastructure of the future, we're at the forefront of the journey to Net Zero and investing over 6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.
Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you'll fit right in.
ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to [email protected].
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements
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