Short Term Power Trader

Who is ENGIE?
ENGIE puts sustainable development at the center of its activities (electricity, natural gas, energy efficiency, and services) to meet the challenges of the energy transition to a low-carbon economy: access to a sustainable economy, climate change mitigation and adaptation, and resource optimization.

Who are we looking for?
We are currently searching for Short Term Power Trader in S&EM Italy, based in Rome.

ENGIE Supply & Energy Management (S&EM) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its Global Business Unit Supply & Energy Management (S&EM) who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

7,500 employees around the world develop our solutions, through 19 countries. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 3 expertise:

• Asset management
• Energy supply , providing green energy & innovative solutions
• Risk management & market access

At S&EM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

WHAT WILL YOU DO?

Short Term Power Trader candidate will be part of Assets Optimization and Trading (AOT, one of the local Global Business Unit Energy management Italy –S&EM Italy– ). His/her role will be contributing to create value around S&EM Italian assets & Trading.

Based on its perimeter defined by Short term Power Optimization & Trading Manager the candidate will:

• Manage Power Asset: spot market dispatching and Optimization  (Day Ahead; Intraday, Ancillaries markets) defining and execute the best strategies on the spot energy markets (Day Ahead; Intraday, Ancillaries markets)) in order to maximize the margin and minimize risks
• Manage Short term (intra-month and month ahead) power co2 and gas portfolio, maximizing results and minimizing risk, through all flexibility offered by the markets
• Assess market strategies of competitors through the development of new analysis tools
• Through analysis on power balancing markets based on probabilistic models, optimize the bidding and maximize margins
• Develop analysis on availability and outages of power plants and transmission grid, implementing a methodology and a model to reproduce the behavior of market competitors and transmission operator.
• Manage CCC auctions in order to maximize the margin and minimize risks
• Manage Short Term Trading positions within the allowed risk mandate and ensuring correctness of the related reporting on daily, weekly and monthly basis;
• Actively support S&EM Italy platform business development;
• Propose improvement of models, processes & IT tools and follow up implementation;
• Drive the business platform towards automation of bidding strategies on spot markets (algotrding)

The ideal profile matches with the followings prerequisites:

1. Degree/Experience;

·        Degree in Engineering/Finance/Economics/Mathematics;

·        Minimum 5 years experience in Energy Management and/or in the energy space;

·        Excellent knowledge of Italian market design and fundamentals (e.g. Day Ahead; Intraday, Ancillaries markets, intrazonal constraints) is mandatory;

• Excellent experience in quantitative analysis and probabilistic model;
• Knowledge of global energy markets is a plus;

·        Knowledge of trading environment (and related risk metrics) as well as experience in hedging instruments/strategies  is a strong plus;   

2. Behavioral:

• Attitude to work in availability  (24hours /7 days)
• Attitude to change, "mobility", "flexibility" is required

·          Strong team player; humble and communicative. Interested to others opinion.

·        Strongly customer oriented. Respectful of others stakeholders and polite.

·        Eager to learn new things; curious and passionate in commodities and financial markets and new developments in the energy sphere;

·     Strong analytical skills and ability to apply those skills in a practical fashion.

·        Strong work ethic, attention to details and risk awareness.

·        An attitude and practice of proactive idea generation and continuous review and improvement of processes.

3. Language, IT

·         Fluent English and Italian.

·         Proficient knowledge of Python and Excel (possibly VBA).

About ENGIE

At ENGIE, every talent has a role to play in accelerating the energy transition. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are.

Join us and be part of the adventure of the century!

Working at ENGIE, a multinational group, means having a wide variety of career opportunities in more than 30 countries. Whilst putting the community at the center of your professional life and contributing to real change during a challenging career.

Our commitment is clear: We support a social model that balances economic performance with positive impact on people and the planet. We bet on the power of community and act as part of a community committed to disrupting and reinventing the future. Diversity and inclusion are at the core of our corporate culture.