At a Glance
- Tasks: Manage and trade renewable power and exotic energy options in a dynamic market.
- Company: Top-tier global bank with a strong commitment to innovation in energy trading.
- Benefits: Competitive salary, real P&L responsibility, and opportunities for professional growth.
- Other info: Join a collaborative team and thrive in a complex quantitative environment.
- Why this job: Be at the forefront of building new energy markets and make a significant impact.
- Qualifications: 5-13 years of trading experience with expertise in European power or gas markets.
The predicted salary is between 80000 - 100000 € per year.
We have partnered exclusively with a top-tier global bank on a rare and high-conviction mandate to hire a Senior Exotic Energy Trader at VP to Junior Director level, based in London. The desk runs a live, revenue-generating book across exotic gas and power options, gas storage, power interconnection, and physical battery assets. Alongside that, the team is now building out a brand new vertical in continental European renewable power shape trading and physical battery tolling, backed by strong senior commitment at the highest level. The person coming into this seat will be the second trader on the desk, sitting directly alongside the Head of Exotic Energy, with real P&L responsibility from day one. This is not an analytics or structuring role. It is a hands-on, implementation-focused trading seat for someone who wants to be central to help building something genuinely new in European energy markets.
Key Responsibilities
- Manage and risk-manage the new renewable power shape and battery tolling book alongside the Head of the desk.
- Co-manage the existing exotic OTC options book across oil, gas and power, including TTF/Henry Hub spreads, exotic path-dependent structures and correlation plays.
- Find offsetting flows in the market and use liquid instruments such as baseload power, gas and options to hedge illiquid long-dated renewable and battery positions.
- Quote client flows, manage second and third order risks, and understand tail risk in stress scenarios.
- Work with sales to develop the client franchise and grow the new business vertical.
- Operate effectively within a large bank infrastructure including complex quantitative models, large correlation matrices and multiple IT systems.
- Liaise with the quant team, recalibrate parameters, manage risk limits and ensure clean booking and cash flow reconciliation.
Requirements and Qualifications
- 5 to 13 years of trading experience with real, direct P&L responsibility.
- Continental European power or gas markets experience is essential.
- Exotic derivatives experience required - options on energy underlyings, cross-commodity structures, path-dependent or correlation-driven products.
- Experience with or strong understanding of renewable power shape products (solar/wind PPA swaps) and/or battery spread products (TB2 swaps, tolling).
- Quant practitioner mindset, someone comfortable working within complex quantitative infrastructure, able to understand and challenge model outputs.
- Pragmatic with a can-do approach.
Senior Exotic Energy Trader in London employer: Laz Partners
As a leading global bank, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. The Senior Exotic Energy Trader role offers unparalleled opportunities for professional growth, with direct P&L responsibility and the chance to shape innovative trading strategies in the burgeoning European renewable energy market. Our London office is not only at the heart of financial innovation but also promotes a collaborative culture where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Exotic Energy Trader in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend relevant events, and engage with professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream role.
✨Tip Number 2
Prepare for the interview by brushing up on your trading strategies and market knowledge. We recommend doing mock interviews with friends or mentors to get comfortable discussing your experience and how it relates to the exotic energy trading space.
✨Tip Number 3
Showcase your passion for renewable energy and exotic trading during interviews. We want to see your enthusiasm for building something new in the European energy markets, so don’t hold back on sharing your ideas and insights!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Exotic Energy Trader in London
Some tips for your application 🫡
Show Your Trading Experience:Make sure to highlight your trading experience, especially in exotic derivatives and European power or gas markets. We want to see how your background aligns with the hands-on, P&L responsibility that this role demands.
Tailor Your Application:Don’t just send a generic CV and cover letter! Tailor your application to reflect the specific skills and experiences mentioned in the job description. We love seeing candidates who take the time to connect their expertise with what we’re looking for.
Demonstrate Your Quantitative Skills:Since this role involves working with complex quantitative models, make sure to showcase your comfort with numbers and analytical tools. We’re keen on candidates who can navigate and challenge model outputs effectively.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Laz Partners
✨Know Your Market
Make sure you brush up on the latest trends in continental European power and gas markets. Being able to discuss current events, market movements, and how they impact trading strategies will show that you're not just knowledgeable but also genuinely interested in the field.
✨Showcase Your Trading Experience
Prepare to discuss your previous trading roles in detail, especially any direct P&L responsibility you've had. Be ready to share specific examples of how you've managed risk and made decisions that led to successful trades, particularly in exotic derivatives.
✨Understand Renewable Power Products
Since this role involves renewable power shape trading, make sure you can talk confidently about products like solar/wind PPA swaps and battery spread products. Demonstrating a solid understanding of these will set you apart from other candidates.
✨Be Ready for Technical Questions
Expect to face questions that test your quantitative skills and understanding of complex models. Brush up on your knowledge of correlation matrices and risk management techniques, as well as how to challenge model outputs effectively.
