E.ON Energy Markets GmbH

E.ON Energy Markets GmbH is a subsidiary of the E.ON Group headquartered in Essen, Germany. Its main purpose is to bundle access to trading markets for E.ON's regional units, the associated risks and to perform services and additional value-creating activities. This includes the provision of portfolio strategies, risk management concepts and business activities in the field of data and information processing. The company is active in various European countries.

E.ON is one of the strongest operators of European energy networks and energy-related infrastructure, as well as a provider of advanced customer solutions for more than 50 million customers. With a total of over 75,000 employees we are represented in 15 countries. By focusing on two sustainable growth areas and with the acquisition of innogy, we are ideally positioned to drive the energy transition in Germany and Europe.

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Task description

The candidate will be a Position Manager on the Contractual Assets desk with direct PnL responsibility. The role sits between trading and origination, ensuring that our contracted assets are hedged effectively, PnL is optimised and risks are effectively managed. You will manage the end to end lifecycle of assets under contract, from evaluation and pricing, setting trading strategies through to execution and performance monitoring. This is a hands on trading role requiring detailed market insight, strong quantitative skills, and the ability to translate complex risk into clear commercial decisions.

The desk has a mandate to trade positions to optimise and protect value from assets we have under contract and future assets we will contract with an ambitious growth aspiration including but not limited to PPAs, Flex Tolls such as Virtual Batteries and Virtual Pump Storages, Virtual Gas Storages, and other asset linked bespoke special transactions. Position Managers need to generate PnL through identifying and implementing trading strategies across assets they are responsible for and contribute through active risk management and optimisation.

Responsibilities:

Contribute to desk PnL through identifying, implementing and executing profitable trading strategies in the Contractual Assets space.
Work with the Origination team on Business Development; to identify the types of assets, contract structures and pricing strategies that will provide a balanced and optimal portfolio of contractual assets to drive PnL.
Develop and maintain robust tools for deal evaluation (PPAs, Virtual Storage and other structured products), perform back-testing, scenario analysis and sensitivity studies for strategies and market developments
Work with other traders, analysts and originators to generate new ideas and strategies.
Develop and maintain a strong market view on European energy markets (power, gas, emissions).
Be position and PnL owner throughout the entire product life cycle of an asset and design hedging strategies for complex deals while balancing risk reduction with value optimization
Pitch strategies to senior trading management for risk capital allocation
Drive best possible practice by shaping the structuring, risk evaluation and pricing of contractual assets identified by the Origination team, working and aligning with Quants in adjacent teams to pool and maximise expertise across the Group.
Work with Risk Management to ensure maximum transparency on inherent risk and PnL performance, ensure compliance with risk limits and internal governance framework.

Qualifications:

Proven experience (3+ years) in energy trading, asset optimization, or structured energy products, preferably in a front-office or closely aligned role with proven strong PnL track record
Detailed understanding of European energy markets and interaction of commodities / markets.
Strong understanding of structured products, pricing models and risk management
Demonstrated ability in position management and portfolio optimization
Technical skills such as Python or other and database skills is a plus.
Quantitative background with excellent analytical and communication skills.
Demonstrates soft skills to be able to guide colleagues and take a leading role in the team.
Able to manage yourself and your time to be able to work under pressure and be a highly reliable contact.

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