(Junior) Middle Office Manager
at Vattenfall
Hamburg, Hamburg, Germany -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 08 Jul, 2024 | Not Specified | 09 Apr, 2024 | N/A | Good communication skills | No | No |
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Description:
Company Description
Vattenfall is a European energy company with approximately 20 000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation. To be able to reach this ambitious goal we are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission.
Business Area (BA) Markets’ role in Vattenfall is to maximize the value of the overall portfolio by optimizing and dispatching, hedging and sourcing for Vattenfall’s sales and generation volumes. We serve as Vattenfall’s single access to energy commodity markets and trade electricity, emissions, fuels, freight, and renewable certificates. We employ around 500 professionals who are active across Europe with offices in Sweden, Germany, The Netherlands and the United Kingdom.
Within Markets the Business Unit (BU) Trading is the energy trading hub of the Vattenfall Group. BU Trading is responsible for all trading activities around Vattenfall´s asset and customer flows to maximize value creation and improve sourcing costs. It provides market access services for the Vattenfall Group - which means managing all hedging flows, from generation assets or customers, by Market Access. Next to handling our flow business, BU Trading also has a proprietary mandate.
We have a culture of care and growth. You will collaborate with inspiring people around you, on complex and interesting topics. Together, we drive the energy transition and contribute to a journey towards becoming fossil-free.
Job Description
At Vattenfall, we don’t just “do energy”, we exist to help our customers power their lives in ever climate smarter ways and free from fossil fuel within one generation. If you are looking for interesting challenges and the opportunity to be part of this change, then join our diverse and talented team and make a difference.
Our Business Area (BA) Markets is looking for the right person to fill the position as
Responsibilities:
- Be the expert regarding risk reducing / trading enabling activities with (existing) BAM counterparties / customers
- Negotiate Guarantees we require together with Vattenfall’s Credit Risk Department
- Organize Guarantees BAMs Counterparties might require from Vattenfall
- Act as agent for the setup of MNAs and CSAs between Risk, Legal and our business partners
- Analyze our contractual fundament (esp. MNAs & CSAs) with respect to optimization potential
- Orchestrate (Credit) Risk reducing Triangulations, Novations and Early Terminations / Close Outs together with the (Senior) Middle Office Manager
- Collect / request financial information from counterparts to support (annual) Credit Checks
- Prepare REMIT/EMIR (Robo) agreements with counterparties that need Vattenfall’s support regarding ACER reporting
- Support the (Senior) Middle Office Manager and Head of Business Development in ad hoc tasks
Qualifications
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Marketing/Advertising/Sales
Marketing / Advertising / MR / PR
Sales
Graduate
Proficient
1
Hamburg, Germany