Structured Power Originator
1 dag geleden
source : Vercida

Who we are :

ENGIE is a global energy company, a leading provider of electricity, natural gas, and energy services. With 153,090 employees in more than 70 countries worldwide, ENGIE achieved revenue of €66.

6 billion in 2016. ENGIE is committed to being a leader in the energy transition.

We are looking for talented and motivated people to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity, and help us meet the energy challenges of today and tomorrow.

Global Energy Management (GEM) is one of ENGIE's Business Units. We deliver services in supply and logistics management, asset management, risk management, market access management, while contributing to the market understanding, design and efficiency and developing market solutions to accelerate the energy transition.

GEM manages one of the largest and most diversified energy portfolios in Europe, including electricity, natural gas, bulk commodities and environmental products.

With 5 trading platforms and activities in more than 50 countries, GEM has an extended geographical coverage in Europe, Asia-Pacific and in the US.

It employs 1,300 people around the world.

Context :

Within GEM, the Structured Power Origination desk is part of the new Business Platform (BP) Structuring & Origination Power.

The main mission of the Structured Power Origination desk is to develop GEM's trading activities by developing, originating and implementing high added value structured power deals across the power value change in Europe.

Role :

This is a front office role, working in a dynamic trading floor environment and in close collaboration with trading, quants, risk (credit, market, methodologies, etc.

and other origination desks.

Main Activities :

As a Structured Power Originator your key responsibilities will be :

  • Develop the external client business for structured power products (prospecting, building commercial pipeline and closing deals) and maintain the existing client flow, focusing on :
  • Exotic power products for thermal assets (cleans spark / dark spread options, tolling agreements, etc.), renewable assets and consumers (virtual pump storages, decentralized flex solutions, Asian options, etc.), and;
  • Illiquid power products (long term power).
  • Develop structured power products, pulling GEM's product catalogue in order to meet client's interests and transforming the offer concept into a product that can be represented in GEM risk management systems.
  • Develop and analyse decentralized flex solutions (CHPs, electric batteries, electrolysers, etc.) to support the growth of GEM's renewable power portfolio in Europe.
  • Price structured power products in close collaboration with trading.
  • Support trading, risk, quant teams and IT in the development / improvement of pricing methodologies and models.
  • Support other origination desks in structuring and pricing structured power deals for their clients.
  • Comply with GEM internal procedures and compliance policies.
  • Work location :

    Brussels, ENGIE TOWER

    Travels :

    Brussels, with occasional travels within Europe.

    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.).
  • Hard skills :

  • Strong knowledge of the power markets in Europe, structured power products and option pricing (Greeks).
  • Strong analytical skills.
  • Experience in decentralized flex solutions (CHPs, electric batteries, electrolysers, etc.).
  • Well connected with various power market players (industrials, utilities, funds, banks, trading houses, etc.)
  • Proficiency with IT tools, in particular Excel (and VBA). Experience 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, communicate easily (oral and written) and ability to interact / cooperate with a variety of different profiles (clients, traders, quants, sales, support functions, etc.)).
  • Languages :

  • Fluent in English, any other European language is a plus.
  • Additional Information

  • Posting Date : Sep 8, 2020
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