Structured Power Originator
BRUXELLES, BE, 1000
About US (GEMS)
ENGIE Global Energy Management & Sales (GEMS) 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 entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.
3,300 employees around the world develop our solutions, through +20 international business platforms. 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 +120,000 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 4 areas of expertise:
- Asset management
- Energy transition services
- Energy supply & global commodities
- Risk management & market access
At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.
More info on GEM Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).
YOUR contribution
Context
Global Energy Management & Sales (GEMS) is ENGIE's leading energy supply, trading and risk management business. We have built our expertise through managing ENGIE's large and diverse asset portfolio for over more than 20 years. We provide energy supply solutions and risk management services to support our clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.
Within GEMS, the Structured Power Origination desk is part of the Northwest Europe power trading and origination platform. The main mission of the Structured Power Origination desk is to nurture GEMS’ power trading activities by developing, originating and implementing high added value structured power deals across the power value chain in Northwest Europe.
Role
As a Structured Power Originator your key responsibilities within the team will be:
- Develop the client business for structured power products (prospecting, building commercial pipeline and closing deals) focusing on:
- Exotic power products for utility-size flexible assets such as thermal assets (spread options, Tolling agreements, etc.), Pumped Hydro Storages, Electrolysers, Battery Energy Storage Systems,…
- Illiquid and tailor-made power products
- Develop, originate and implement risk management solutions to support the growth of GEMS’ renewable power portfolio in Northwest Europe,
- Price structured power products in close collaboration with the power trading team for the desk deal funnel and support other origination teams in structuring and pricing structured power deals for their clients,
- Contribute to the development/improvement of pricing methodologies and models in close collaboration with trading, risk, market analysts, quant teams and IT
This is a front office role, working in a dynamic trading floor environment and in close collaboration with trading, quants, risk, legal, and other origination teams.
Travels
Occasional travels within Europe
About YOU
Hard skills
- Strong knowledge of the power markets in Europe, structured power products and option pricing (Greeks)
- Strong analytical skills
- Well connected with various power market players (industrials, utilities, funds, banks, trading houses, etc.)
- Proficiency with IT tools
- Proficiency in Python or any other programming language is a plus
Soft skills
- Result-oriented hands-on approach and strong commercial drive
- Reliable, rigorous and curious
- Stress resilient and ability to operate in a demanding environment
- Team player with strong interpersonal skills, excellent verbal and written communication skills and the ability to interact with very diverse professional profiles (clients, traders, quants, sales, support functions, etc.)
Education and professional background
- 5-10 years of professional experience and proven track record in (developing) structured power origination
- Master degree in a quantitative discipline (engineering, economics, finance, etc.)
Languages
- Fluent in English, any other European language is a plus
About ENGIE
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.