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- Tasks: Join us as a Power Business Analyst, enhancing Front Office Trading capabilities in a dynamic environment.
- Company: Be part of a leading Commodities & Energy Trading House undergoing a tech transformation.
- Benefits: Enjoy a competitive day rate of £750, hybrid work model, and a collaborative culture.
- Why this job: Gain hands-on experience on the trading floor, impacting real-time trading processes and decisions.
- Qualifications: 5 years in IT Business Analysis with expertise in physical commodities and trading lifecycles required.
- Other info: Work in both Agile and Waterfall methodologies, with opportunities for continuous learning.
The predicted salary is between 54000 - 78000 £ per year.
Commodities & Energy Trading House are going through a technology landscape transformation. A big project is removing their Valuations and PnL portfolio out of their current ETRM and transferring the data to a brand new, bespoke ETRM that can facilitate the trades of Power.
This Power Business Analyst role will be focussed on improving and changing the Front Office Power Trading capabilities. You will work with users from across the business and cover functionality across the end-to-end trade lifecycle for physical OTC Power & Gas. Power Business knowledge is critical for this role.
An understanding of ETRM’s, OTC exchanges, Reporting such as REMIT, concepts like baseload, peak and off peak, intraday and day ahead trading, PPAs, the Physical Power Trade Lifecycle, M2M and P&L, VAR, Power Grids etc. is essential.
As a Power Business Analyst, you will work with both front office and middle office users, with direct desk access on the trading floor, gaining exposure across the end-to-end trade lifecycle for physical Power. You will be required to perform extensive hands-on work in the current ETRM, understanding the Physical Commodities lifecycle and the data needed from both front and middle office, in order to develop extensive system and app knowledge of the different trades.
You will be required to be proactive in engaging with users and working with them in a collaborative and open manner. You must take ownership of creating structured documentation (e.g. backlogs of user stories) and be able to communicate effectively with technical and non-technical individuals.
Duties of the Power Business Analyst:
- Working with the users to identify their needs
- Creating worked examples, mock-ups, test cases or similar to help users understand their requirements and potential solution options
- Performing hands-on system or data analysis to identify changes (e.g. to usage, to configuration or to class-event)
- Able to work in both an Agile and Waterfall methodology
- Assessment, Documentation, Prioritisation, Workshops etc.
Experience needed for the Power Business Analyst:
- 5 years’ experience as an IT Business Analyst in Trading
- Physical commodities trading experience – understanding of the physical trading lifecycle
- Power – REMIT (Plus), OTC Exchanges, Balancing, Baseload, Peak and Off-Peak, Intraday/Day Ahead, PPAs, VAR, Power Grids
- Front / middle office knowledge; pricing and valuation (P&L, risk exposure, etc.)
- Agile AND Waterfall experience
If you are interested in this Power Business Analyst role, please reply with your latest CV or send it direct to oscar@virtuetech.io.
Power & Gas Business Analyst | Front Office Risk | £750/Day Outside IR35 | 2-3 days office, LDN employer: VirtueTech Recruitment Group
Contact Detail:
VirtueTech Recruitment Group Recruiting Team
oscar@virtuetech.io
StudySmarter Expert Advice 🤫
We think this is how you could land Power & Gas Business Analyst | Front Office Risk | £750/Day Outside IR35 | 2-3 days office, LDN
✨Tip Number 1
Network with professionals in the Power and Gas sector. Attend industry events or webinars to connect with potential colleagues and decision-makers. This can give you insights into the company culture and specific needs for the role.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in ETRM systems. Being knowledgeable about current tools and methodologies will demonstrate your commitment to staying updated and your ability to contribute effectively from day one.
✨Tip Number 3
Prepare to discuss your hands-on experience with the physical trading lifecycle. Be ready to share specific examples of how you've improved processes or solved problems in previous roles, as this will showcase your practical knowledge.
✨Tip Number 4
Practice articulating complex concepts in simple terms. Since you'll be communicating with both technical and non-technical individuals, being able to explain your ideas clearly will set you apart during discussions.
We think you need these skills to ace Power & Gas Business Analyst | Front Office Risk | £750/Day Outside IR35 | 2-3 days office, LDN
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Power and Gas trading, particularly your understanding of the physical trading lifecycle and ETRM systems. Use specific keywords from the job description to catch the employer's attention.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for the role and the industry. Mention your hands-on experience with system analysis and documentation, as well as your ability to work collaboratively with both technical and non-technical teams.
Showcase Relevant Skills: In your application, emphasise your expertise in Agile and Waterfall methodologies, as well as your knowledge of REMIT reporting and OTC exchanges. Provide examples of how you've successfully applied these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Business Analyst role.
How to prepare for a job interview at VirtueTech Recruitment Group
✨Showcase Your Power Trading Knowledge
Make sure to brush up on your understanding of the physical trading lifecycle, including concepts like baseload, peak and off-peak trading. Be prepared to discuss how these elements impact trading decisions and risk management.
✨Demonstrate Your Analytical Skills
Prepare to provide examples of your hands-on experience with ETRM systems and data analysis. Highlight specific instances where you've identified changes or improvements in trading processes, showcasing your problem-solving abilities.
✨Communicate Effectively
Since you'll be working with both technical and non-technical users, practice explaining complex concepts in simple terms. This will demonstrate your ability to bridge the gap between different teams and ensure everyone is on the same page.
✨Be Proactive and Collaborative
During the interview, express your willingness to engage with users and work collaboratively. Share examples of how you've taken ownership of projects and created structured documentation, such as user stories or backlogs, to support team efforts.
