Trade Support – European Power & Gas recruitment
A Passion to Perform. It’s what drives us. More than a claim, this describes the way we do business. We’re committed to being the best financial services provider in the world, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you’ll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we’re driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.
Overview
Deutsche Bank is a major player in commodities markets around the world. The Bank's Commodities team trades in the full range of energy, power and metals markets, with particular expertise in complex commodity derivatives and environmental finance.
Deutsche Bank is a strong force in the European Power Gas business. We are active in most of European markets including southern and eastern European areas and capable of delivering innovative solutions to clients for optimizing their commodity exposure.
Key Responsibilities
The role sits within the EU Power Gas desk in London, reporting to the Head of EU Power Gas Scheduling.
The EU Power Gas Scheduling desk ensures that all physical delivery nominations are actioned on a daily basis across Europe in an efficient, accurate and reliable manner. Prime objectives include supporting the wider Power Gas trading desks in their daily trading activities and minimizing financial penalties arising from Deutsche Bank’s net position at the time of delivery being out of balance.
The position requires working both normal office hours and on shifts outside normal working hours (including night hours and weekends). After successful training, the candidate is expected to undertake his own commercial transactions in the intraday markets.
Your responsibilities will include:
- Managing short term physical Electricity and Gas positions in European markets (Intraday trading)
- Analysis of the European short term energy markets
- Support the trading activities of the power and gas desks
- Ensuring positions displayed reflect the trading desks' activity on the market
- Monitoring the bank’s physical position in power and gas products
- Acting as the interface between the business and European Grid Operators
- Acting as interface between the Front office and Middle office for reconciliation of trade data and positions.
Candidate requirements
You will have:
Experience in front office business environment (Preferred)
- Excellent numerical and analytical skills
- Attention to detail and strong focus on accuracy of information
- Ability to thrive in a team environment
Advantageous
- Experience in the Commodity/Energy Admin/Settlements
- Knowledge of European Gas and/or Electricity markets
- Good understanding of the electricity and gas transmission system and interconnections between the European grids
- Familiarity with Openlink
- Knowledge of VBA, SQL, MATLAB would be appreciated
- Fluent English (essential), Fluent German (appreciated)
You will be:
- Disciplined and able to work under pressure and tight deadlines
- Shift job: prepared to work out of normal working hours
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.
Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
Please note that for the duration of this assignment you will be working as an external resource engaged by Resource