At a Glance
- Tasks: Join a leading Investment Bank as a Senior Gas & Power Linear Trader in London.
- Company: Dynamic investment bank with a focus on innovation and client service.
- Benefits: Competitive salary, professional development, and a vibrant work culture.
- Other info: Collaborative environment with opportunities for career advancement.
- Why this job: Shape the future of energy trading while maximising revenues and minimising risks.
- Qualifications: Experience in commodities trading and strong analytical skills required.
The predicted salary is between 50000 - 70000 € per year.
A leading Investment Bank is seeking a Senior Gas & Power Linear Trader to join their team in London.
Overall Purpose of the Role
The Senior Gas & Power trader will help develop and execute CM’s European Gas & Power business strategy, work with CM’s stakeholders on new pricing structures & hubs, develop training and coaching on trading resources on EU Natural Gas & EU Power, and assist with structuring deals as required.
Main Responsibilities
- Strategy & Business Planning: Maintain awareness of all market trends & developments, economic and financial data, and other important factors likely to affect the trading book. Participate in meetings and client visits as required.
- Quantitative Research: Work with the quant/IT teams to ensure that appropriate models/tools are implemented. Sponsor specific development. Work closely with sales and structuring teams to ensure that appropriate products are proposed to clients. Aim to maximise long-term revenues and control costs within the context of the CM business line strategy and trading limits. Formulate and implement trading strategies and effective hedging strategies arising from client transactions within authorised trading limits. Monitor trading positions against performance and take timely action as required.
- Reporting and Communication: Ensure that information on market trends/developments flows freely to the head of desk and post information to other CM staff internally. Report to the Head of desk on the progress of the business and specific issues (e.g. excess on limits, compliance problems, important jump — positive or negative — of P&L, operational risk).
- Control: Ensure clients are cleared by Risk, Legal, Compliance, and Operations before trading. Ensure that new products are approved by the NPC before trading. Ensure that, before trading with any market counterparty, an appropriate credit line and documentation is in place. Ensure that products within the trading book are correctly recorded and marked to market/model; ensure that all parameters that the desk is responsible for are correctly marked. Escalate unmarked positions to management. Ensure that the daily P&L of the book produced by SDR and reported client contributions are materially accurate. Provide cover for absent colleagues on desk as required by line management. Ensure that all trades executed are recorded in a timely manner. Assist in the timely resolution of trade breaks as required. Report late booked or amended trades to Risk & SDR.
- Counterparties: Liaise with counterparties to provide quotes and obtain market intelligence.
- Legal & Regulatory Responsibilities: Comply with all applicable legal, regulatory, and internal Compliance requirements, including but not limited to: the London Compliance manual; Compliance policies and procedures; Security policies & procedures; Financial Security requirements, including but not limited to the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer. Maintain and develop product knowledge to ensure ability to undertake the role. Complete all mandatory training as required to attain and maintain competence.
Key Internal Contacts
- CM sales and Structuring
- Trade support
- Middle and Back Office
- IT & Quants
- Market Risk
- SDR
Key External Contacts
- Fellow traders for market info and inter-books hedging
- Brokers
- Clients
Systems Used
External Systems include Reuters/Bloomberg, Murex, Intermediation platforms.
General Responsibilities
- Demonstrate the highest level of professional ethics and integrity.
- Strive for excellence: Demonstrate high standards for yourself; taking responsibility for achieving your own goals and those of the company.
- Facilitate change: Encourage & involve other team members.
- Focus on developing a client-centric culture: Be proactive to provide the best service to external and internal clients; facilitate cross-selling.
- Promote co-operation across departments/entities and support & develop the Bank's strategy: Show team spirit; communicate important issues to line management.
All actions where appropriate to this position must be compatible with the Bank carrying out business in accordance with the FCA Principles for Business which are available on the FCA website and detailed in the Bank's UK compliance manual.
Job Requirements
- Working knowledge of commodities trading (Gas Trading / Power trading)
- Exposure and pricing experience in a broad set of commodities products.
- Client business facilitation focus.
- Knowledge of usual trading media (brokers, intermediary platforms, etc.) and compliance procedures.
- Ability to sponsor Front Office tools development.
Personal Attributes
Extremely rigorous and reliable, especially on deals pricing and book risk management and P&L production.
Senior Gas & Power Linear Trader employer: LevelUP HCS
As a leading Investment Bank located in the heart of London, we pride ourselves on fostering a dynamic and inclusive work culture that encourages innovation and professional growth. Our employees benefit from comprehensive training programs, competitive compensation packages, and the opportunity to work alongside industry experts in a fast-paced environment that values ethical trading practices and client-centric solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Gas & Power Linear Trader
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its trading strategies. Show them you’re not just another candidate; you’re someone who understands their business and can contribute to their success.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience in gas and power trading aligns with their needs. Keep it concise but impactful—make them remember you!
✨Tip Number 4
Don’t forget to 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 that extra step.
We think you need these skills to ace Senior Gas & Power Linear Trader
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Gas & Power Linear Trader role. Highlight your experience in commodities trading, especially in gas and power, and showcase any relevant achievements that align with the job description.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to explain how your skills and experiences match the responsibilities outlined in the job description, and don’t forget to show your enthusiasm for joining our team!
Showcase Your Market Knowledge:In your application, demonstrate your awareness of current market trends and developments in the gas and power sectors. This will show us that you’re not just qualified, but also genuinely interested in the industry.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at LevelUP HCS
✨Know Your Market
Before the interview, dive deep into current trends in the gas and power markets. Familiarise yourself with recent developments, pricing structures, and any fiscal changes that could impact trading. This knowledge will not only impress your interviewers but also show that you're proactive and engaged with the industry.
✨Showcase Your Quant Skills
Be prepared to discuss your experience with quantitative research and how you've collaborated with IT teams in the past. Highlight specific tools or models you've worked with and how they contributed to successful trading strategies. This will demonstrate your technical proficiency and ability to work cross-functionally.
✨Client-Centric Approach
Emphasise your commitment to client service during the interview. Share examples of how you've ensured timely and professional execution of trades, and how you've built relationships with clients. This will illustrate your understanding of the importance of a client-centric culture in trading.
✨Ethics and Compliance Knowledge
Brush up on the legal and regulatory requirements relevant to trading, especially those outlined by the FCA. Be ready to discuss how you ensure compliance in your trading practices and how you maintain high ethical standards. This will reassure the interviewers that you take these responsibilities seriously.
