Akereos Commodities Limited is an energy trading business focused on power, renewables and battery optimisation. It was set up in May 2024 as the sister company of Akereos Capital, a leading boutique financial adviser in renewable energy, and provides route-to-market, balancing and optimisation services to renewable asset owners, with a c.1.1 GW trading book across GB and Germany. The business is AI-native and algo focused: trading is automated across day-ahead, intraday and balancing markets and run by a lean team on a proprietary platform.
Key Responsibilities
Structured products
- Originate, structure, price and close structured transactions with asset owners, utilities, corporates and financial counterparties e.g. shaped and fixed-price PPAs, revenue floors and collars, battery tolls, proxy revenue swaps, novel structured instruments and merchant-nose hedges
- Build the pricing and structuring approach with the trading/quant desk taking into consideration cost of credit, market risks and collateral requirements
- Lead the negotiation of structured documentation: PPAs, tolling agreements, EFET and ISDA schedules and credit support annexes
Trading and risk
- Oversee the trading desk at a senior level, setting its direction and keeping it aligned with the firms strategic goals, within agreed limits
- Allocate risk to profit-generating activities based on a thorough understanding of commodities and macro drivers
- Build the risk-transfer network/distribution for product risk and to facilitate smooth hedging with banks, utilities and insurers
Credit, collateral and funding
- Take a view across the full funding stack (equity, debt, guarantees and counterparty credit support) and advise the founders on the optimal mix as the business scales
- Work alongside the trading desk and risk function to ensure credit capacity is aligned and optimised to the trading strategy and does not become a constraint on growth
- Support route-to-market origination and wider origination efforts
- Support in formulating market entry and business development plans, then lead their execution
Required Skills & Experience
- Minimum of 15 years’ experience, most of it in a front office role in power or energy commodities: structuring, origination or trading
- Time spent at a bank, on a commodities desk or in structured commodity finance, with an understanding of how banks price and approve credit, collateral and capital
- Experience of the early stage of a new energy trading business e.g. a start-up, spin-out or new desk, ideally a smaller, leaner platform where the individual has operated with limited infrastructure
- A personal track record of originating, structuring and closing structured transactions, rather than oversight of a process run by others
- Experience of taking and quantifying risk: has been accountable for a trading book or risk position and its P&L, within limitsWorking knowledge of the operational reality of trading finance: margin calls, LC and guarantee facilities, credit support arrangements
- Credibility with counterparties and lenders at a senior level, and the judgement to negotiate terms independently
- GB and Central Western Europe power market experience
- Battery optimisation or tolling structures. This is a strong differentiator rather than a formal requirement
- Experience of insurance-backed or bank-intermediated risk transfer e.g. proxy revenue swaps, sleeved structures
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