Portfolio Structured Trader

 

Portfolio Structured Trader

Location – London, UK

Why Statkraft?

Statkraft has been making clean energy possible for over a century. That's what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. Because in the fight against climate change, we don't see renewable energy as part of the solution – we believe it must be the solution. With us, you'll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there's more work to be done – that's why we need you to join us!

Working in Portfolio Management, UK Power Desk

Statkraft has been active in the UK since 2003. Statkraft develops, owns, and operates renewable power production facilities across the whole world.  In addition, the Markets division of Statkraft, which includes UK Portfolio Management, are an experienced team of traders, quants and originators who work together to create value for the company both from the assets we optimise on the company's behalf, and by finding new value through external deals. UK Portfolio Management works hand in glove with our UK origination teams. Our work includes valuation, deal and book management, risk factor evaluation, power, and weather market hedging, and taking positions around the book where appropriate. We manage a diverse book of assets including wind and solar PPAs, fixed and flex retail customers, batteries, and peaking plant. We also perform origination of market-based deals for hedging purposes and for creation of value. As a book we trade UK power, gas, and Carbon and spark spreads.

We are seeking an experienced trader/structured trader/structured originator with quantitative capabilities to join our progressive and high performing Portfolio Management team, the UK Power desk. This is an exciting opportunity to join one of the best Portfolio Management teams in the business.

Working as a Portfolio Structured Trader, you will work together with our traders and analysts to:

• Originate Structured deals to help manage our complex risks (vBESS, vWind, vSolar, vPeakers)
• Price and assess risk and return on new structured deals
• Execute structured deals, taking deals through Statkraft’s New Product Process
• Together with the traders within the Portfolio management team manage positions resultant from the portfolio, including structured trades
• Devise hedging strategies to manage risks within the portfolio using either vanilla products or structured products
• Work with the traders team to support the UK power desk providing support and managing positions in the market
• Work with the quants within the team to drive new code development to support and enhance our tools
• Create, agree, and enact strategies to add value trading around the books.
• Proactively evaluate new and complicated problems as they arise, working with the traders to reach effective solutions in a time efficient manner

This position offers a rare opportunity to work in a dynamic and value focussed team who are experienced at delivering value in a complex portfolio over many years.

• Bachelor/Master’s degree in a quantitative discipline – preferably in physics, computer science or mathematics
• Experience of coding and development in Python
• Previous experience within a trading environment- trading power, gas, carbon and or spark spreads in the UK power market.
• Previous experience pricing and hedging structured products
• IT skills, ideally including SQL; C#; MySQL; REST API;
• Effective team player with the ability to drive collaboration across a diverse set of teams
• Self-driven, hands-on mentality with the ability to work under pressure and to tight deadlines
• Efficient communicator with the ability to explain complex issues simply and effectively
• Excellent English language skills, both verbally and written
• Diligent with a good attention to detail – comfortable performing repetitive tasks as required

What we offer:

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities, and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities, and our environment first. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. This includes: 

• Unlimited learning opportunities at various levels of the organisation including LinkedIn Learning and inspiring leaderships program like IMD.
• The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds.
• The opportunity to work somewhere with pride, and to be able to honestly say “My work is contributing to saving the planet”.

Statkraft offers competitive terms of employment and benefits schemes, and we’re a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance. 

Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.