A leading Investment Bank is seeking a Senior Gas & Power Linear Trader to join their team in London.

Overall Purpose of the Role

Senior Gas & Power trader will help developing and executing CM’s European Gas & Power business strategy, work with CM’s stakeholders on new pricing structures & hubs, develop training and coaching on trading resources on EU Natural Gas & EU Power and help with structuring deals as required.

Main Responsibilities:

Strategy & Business Planning

Maintain awareness of all market trends & developments, economic and financial data and other important factors (e.g. fiscal changes) likely to affect the trading book
Participate in meetings and client visits, as required.

Quantitative Research

Work, when needed with the quant/IT teams to ensure that appropriate models/tools are implemented.
Sponsor specific development.

Structuring Sales

Work closely with sales and structuring teams to ensure that appropriate products are proposed to clients.

Financial Perfomance

Aim to maximise long term revenues and control costs within the context of the CM business line strategy and trading limits.
Formulate and implement trading strategies and effective hedging strategies arising from client transactions within authorised trading limits.
Montor trading positions against performance and take timely action, as required.
Participate in the Bank's efforts to service client organisations: Ensure transaction execution meets client and the Bank's requirements, notably with regards to providing timely and professional pricing and ethical execution of customer flows.

Reporting and Communication

Ensure that information on market trends/ developments flows freely to head of desk and post information to other CM staff on internal.

Report to Head of desk on the progress of the business and specific issues (e.g. excess on limits, compliance problems, important jump — positive or negative- of P&L, operational risk). Control.

Ensure clients are cleared by Risk, Legal, Compliance and Operations before trading.

Ensure that new products are approved by the NPC before trading.

Ensure that, before trading with any market counterparty, an appropriate credit line and documentation is in place.

Ensure that products within the trading book are correctly recorded and marked to market/ model; ensure that all parameters that the desk is responsible for are correctly marked. Escalate unmarked positions to management.

Ensure that the daily P&L of the book produced by SDR and reported client contributions are materially accurate.

Provide cover for absent colleagues on desk, as required by line management.

Ensure that all trades executed are recorded in a timely manner. To assist in the timely resolution of trade breaks, as required. Report late booked or amended trades to Risk & SDR.

Counterparties

Liaise with counterparties to provide quotes and obtain market intelligence.

Legal & Regulatory Responsibilities

Comply with all applicable legal, regulatory and internal Compliance requirements as issued from time to time, including, but not limited to: the London Compliance manual; Compliance policies and procedures; Security policies & procedures; Financial Security requirements, including but not limited to the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
Maintain and develop product knowledge to ensure ability to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Key Internal Contacts

CM sales and Structuring

Trade support, Middle and Back Office

IT & Quants

Market Risk

SDR

Key External Contacts

Fellow traders for market info and inter-books hedging
Brokers
Clients

Systems Used

External Systems include Reuters/ Bloomberg, Murex, Intermediation platforms

General responsibilities

Demonstrate the highest level of professional ethics and integrity.
Strive for excellence: Demonstrate high standards for yourself; taking responsibility for achieving your own goals and those of the company.
Facilitate change: Encourage & involve other team members.
Focus on developing a client-centric culture: Be proactive to provide the best service to external and internal clients; facilitate cross selling.
Promote co-operation across departments/ entities and support & develop the Bank's strategy: Show team spirit; communicate important issues to line management.
All actions where appropriate to this position must be compatible with the Bank carrying out business in accordance with the FCA Principles for Business which are available on the FCA website and detailed in the Bank's UK compliance manual.

Job Requirements:

Working knowledge of commodities trading (Gas Trading / Power trading)
Exposure and pricing experience in a broad set of commodities products.
Client business facilitation focus.
Knowledge of usual trading media (brokers, intermediary platforms, etc.) and compliance procedures.
Ability to sponsor Front Office tools development.

Personal Attributes:

Extremely rigorous and reliable, especially on deals pricing and book risk management and P&L production.
Good resistance to stress and pressure.
Excellent interpersonal skills.
Team player

Senior Gas & Power Linear Trader

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