Optimisation and Balancing Trader
UK Visa Sponsorship Analytics
Analytics are greyed out due to low classification confidence (31.0%).
Occupation TypeMarket and street traders and assistants
Occupation Code Skill LevelMedium Skilled
Sponsorship EligibilityIneligible for Sponsorship
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Description
Role OVO-View
Location: Hub based! Bristol or London (Preferred)
But you have the flexibility to work wherever suits you best
Team: EMO - Energy Markets & Optimisation
Salary banding: £35,000 - £48,000
Experience: Learner
Working pattern: Full-Time
Reporting to: Energy Trading Manager
Sponsorship: Unfortunately we are unable to offer sponsorship for this role.
This role in 3 words: Ownership, Development, Decisions
Top 3 qualities for this role: Diligence, Decisive, Commercial Acumen
Where you’ll work:
At OVO, we understand that a one size fits all approach doesn’t work for everyone. That’s why we created the OVO Way of Flexibility.
All our roles are hub based (Bristol, Glasgow or London), providing a dedicated space for collaboration, connection and teamwork. You’ll also have the flexibility to work from home.
Everyone belongs at OVO
At OVO, we are on a mission to solve one of humanity's biggest challenges, the climate crisis. And we know it takes all of us to change the world. That's why we need diverse people from all abilities, gender identities, ethnicities, ages, sexual orientations, life experiences and backgrounds to join us.
Teamworking for the planet
Everything we do here spins around Plan Zero. So, naturally, the team you’ll be joining plays a gigantic role in making that happen.
This role in a nutshell:
Working within OVO’s Energy Trading team, this role reports to the Energy Trading Senior Manager and has responsibility for ensuring OVO’s short term wholesale energy market trading requirements are transacted in an efficient manner that seeks to minimise costs and maximise value. This will require the close out of open positions either inherited through long term trading positions or created due to short term portfolio demand forecast changes. OVO’s Trading function is a dynamic and fast paced environment. Within the role you will be required to carry out short term gas and power trades in line with agreed strategies whilst ensuring OVO optimises value from participation of the portfolio electricity demand flexibility in short term grid services markets.
Your key outcomes will be:
Location: Hub based! Bristol or London (Preferred)
But you have the flexibility to work wherever suits you best
Team: EMO - Energy Markets & Optimisation
Salary banding: £35,000 - £48,000
Experience: Learner
Working pattern: Full-Time
Reporting to: Energy Trading Manager
Sponsorship: Unfortunately we are unable to offer sponsorship for this role.
This role in 3 words: Ownership, Development, Decisions
Top 3 qualities for this role: Diligence, Decisive, Commercial Acumen
Where you’ll work:
At OVO, we understand that a one size fits all approach doesn’t work for everyone. That’s why we created the OVO Way of Flexibility.
All our roles are hub based (Bristol, Glasgow or London), providing a dedicated space for collaboration, connection and teamwork. You’ll also have the flexibility to work from home.
Everyone belongs at OVO
At OVO, we are on a mission to solve one of humanity's biggest challenges, the climate crisis. And we know it takes all of us to change the world. That's why we need diverse people from all abilities, gender identities, ethnicities, ages, sexual orientations, life experiences and backgrounds to join us.
Teamworking for the planet
Everything we do here spins around Plan Zero. So, naturally, the team you’ll be joining plays a gigantic role in making that happen.
This role in a nutshell:
Working within OVO’s Energy Trading team, this role reports to the Energy Trading Senior Manager and has responsibility for ensuring OVO’s short term wholesale energy market trading requirements are transacted in an efficient manner that seeks to minimise costs and maximise value. This will require the close out of open positions either inherited through long term trading positions or created due to short term portfolio demand forecast changes. OVO’s Trading function is a dynamic and fast paced environment. Within the role you will be required to carry out short term gas and power trades in line with agreed strategies whilst ensuring OVO optimises value from participation of the portfolio electricity demand flexibility in short term grid services markets.
Your key outcomes will be:
- Balancing OVO’s retail power exposures within day and day ahead via energy exchanges, power auctions.
- Balancing within day and day ahead gas positions.
- Own and explain all P&L created from these trading activities.
- A key interface for Trading in respect of Commercial teams; the role holder will work with various stakeholders to ensure forecasts of flex capacity and flex value captured are accurate.
- A key interface for Trading in respect of Tech teams; many of our flex assets operate in automated markets. The role holder will work with Tech to ensure the automated entry to these markets is working as expected.
- Development and implement new flex market entry strategies as opportunities present themselves.
- Feeding the longer term traders with analysis of how the short term energy markets are behaving and how this could affect longer term trade horizons.
- Ad hoc projects as required
- A desire to develop deep energy market understanding: Building towards a strong working knowledge of UK energy markets, specifically within-day and day-ahead power and gas markets.
- Familiarity with the market rules and operating of energy exchanges (e.g., EPEX, Nord Pool, ICE) and power auctions.
- Strong Analytical Skills: The ability to analyze complex, fast-moving market data to inform both immediate trading decisions and longer-term strategy.
- Experience in developing and operating critical processes
- Decisiveness under pressure: Short-term (within-day) trading requires making rapid decisions with potentially incomplete information. You must be comfortable managing risk.
- The ability to take the initiative in addressing complex challenges.
- Demonstrable high attention to detail with the ability to spot potential issues in high value processes.
- Take pride in the value add of diligently delivering key processes as much as from Trading performance
We’ll pay you between £35,000 - £48,000, depending on your specific skills and experience. If your expectations are a little different, have a chat with us!
We keep our pay ranges broad on purpose to give us, and you, flexibility to match your experience to our zero carbon mission.
You’ll be eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal.
We also offer plenty of green benefits and progressive policies to help you feel like you belong at OVO…and there’s flex pay. We'll give you 9% Flex Pay on top of your salary – 4% of this is auto enrolled into your pension, and the remaining 5% is yours to do what you like with. You can use this to buy from our extensive range of flexible benefits, including our green benefits which we've put at the heart of our offering, add to your pension or even take it as cash.
Here’s a taster of what’s on offer:
For starters, you’ll get 34 days of holiday (including bank holidays).
For your health
With benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and more
For your wellbeing
With gym membership, travel insurance, workplace ISA, will writing services, dental insurance, and more
For your lifestyle
With extra holiday buying, discount dining, home & tech loans, and supporting your favourite charities with give-as-you-earn donations
For your home
Get up to £400 towards any OVO Energy plan, plus great discounts on solar, smart thermostats and EV chargers
For your commute
Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans
Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.
For your Belonging
To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you.
Oh, and one last thing...
We’d be thrilled if you tick off all our boxes, yet we also believe it’s just as important we tick off all of yours. And if you think you have most of what we’re looking for but not every single thing, go ahead and hit apply. We’d still love to hear from you!
If you have any additional requirements, there’s a space to let us know on the application form; we want to make the process as easy and comfortable for you as possible..
For your commute
Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans
Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.
For your Belonging
To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you.
Oh, and one last thing...
We’d be thrilled if you tick off all our boxes, yet we also believe it’s just as important we tick off all of yours. And if you think you have most of what we’re looking for but not every single thing, go ahead and hit apply. We’d still love to hear from you!
If you have any additional requirements, there’s a space to let us know on the application form; we want to make the process as easy and comfortable for you as possible..