An opportunity has arisen to recruit a Trading Manager (All-Island) to lead the 24/7 Dublin Trading team.
Reporting to the Director of Commercial Finance – All-Island, the Trading Manager (All-Island) shall be responsible for the day-to-day management of all activities of the All-Island Trading team.
The successful candidate will maximise gross margin across trading horizons ranging from intraday real-time delivery, dispatch into day-ahead auctions and forward hedging. The All-Island Trading team manage all portfolio 24/7 dispatch and optimisation, prompt power and gas trading, and forward hedging execution, as well as providing strategic and analytical support to the wider business, aiding forward hedging decisions, market analysis and investments.
Key Responsibilities

The successful candidate will have responsibility for, but not limited to:

• Devising, implementing and maintaining appropriate policy and procedures for the trading of power and commodities within the integrated Single Energy Market (I-SEM), including DAM, IDA, IDC, forwards/CfD’s, Gas Capacity Strategy and Ancillary Services to deliver maximised profitability.
• Leading the All-Island trading team in devising all hedging strategies (gas, power, carbon), ensuring that all short-term optimisation decisions are appropriately challenged, costed and risk assessed.
• Managing delivery of all I-SEM market power, gas and carbon trading activities in accordance with relevant regulations (including REMIT) and EPUKI risk and trading policies, ensuring ongoing commercial regulatory compliance with respect to the BCOP/BMPCOP and communication with the Market Monitoring Unit (MMU).
• Working with the Finance and Markets teams, supporting the development of long-term hedging strategies and mandates, ensuring that they are reflective of real-world dynamics (e.g. liquidity, credit, counterparty availability, etc.) and are executed in a manner that optimises value.
• Providing in depth, real-world market intelligence to the Markets and Fundamentals teams, TOFCo and CRRCo Committees, including EPUKI board and EPH executive level members as required.
• Developing and continuously improving trading capabilities, including the ingratiation of new and incumbent generation assets in I-SEM market, providing a platform for data led trading and optimisation.
• Developing and continuously managing relationships with market counterparties, including stakeholder interactions and representation with relevant regulatory agencies (e.g. Eirgrid, EPA, CRU, GNI and Gas Code Modification Forums).
• Developing and implementing appropriate KPIs, scorecards and other tools to incentivise and monitor the performance of the All-Island Trading team.
• Recruiting, training, coaching and leading a team of shift, day traders and analysts within the All-Island market, implementing the appropriate processes, procedures, and controls to deliver the rights result.
• Identifying and delivering additional opportunities within the All-Island market through the development of an entrepreneurial team culture, whilst leading in delivering an open, engaged and compliance led culture, with focus on identifying, delivering, and protecting value add opportunities.
• Maintaining and developing relationships between All-Island asset locations and the Trading team, ensuring clear and unambiguous communications around market and plant conditions that comply with REMIT and enable EPUKI to maximise market opportunities whilst appropriately mitigating plant risks.
• Building partnership relationships across the wider EPUKI/EPH Groups and help to deliver improvement either within the All-Island Trading team or elsewhere.
• Monitoring of credit positions with counter parties, including recommending alternative strategies for hedging where appropriate

Skills, Knowledge and Expertise

Background

• Extensive experience of I-SEM and All-Island gas markets fundamentals, with experience of wider European energy markets advantageous.
• Experience leading a shift power or commodity trading team.
• Proven experience developing hedging strategies and guiding market analysis.
• Experience of risk management tools, methodologies, and business intelligence reporting of complex energy assets (specifically in Power and Gas).
• Experience developing trading capabilities and responding to market and policy change.
• Leading and developing teams of up to 10 people.
• Knowledge of IBP/NIBP/NBP/EU gas, ISEM/GB/EU power, coal, and emissions trading markets.
• Knowledge of Electricity/Transmission System Operator services, codes, operations, and forums.
• Knowledge of REMIT, Trading & Settlement Code, BCOP, EMIR, financial and energy market compliance obligations.
• A sound understanding of the operations of a power generation with knowledge of the commercial drivers of such units.
• Understanding of business financial drivers with the ability to understand financial metrics and information.
• Excellent MS Office knowledge is required – Excel, Word, PowerPoint, Outlook etc.
• Strong Excel skills with the ability to apply skills to market modelling and analysis.
• Database applications and statistical tool skills is advantageous (e.g. SQL, Python, Management Studio, VBA, PLEXOS etc.).

Behaviours

• Highly commercial and analytical.
• Confidence, presence, resilience, and a determination to succeed in what is a dynamic and demanding business environment.
• Ability to act quickly in a fast-paced market environment.
• Strong interpersonal skills and the ability to interact and communicate at all levels.
• Leadership and managerial skills to develop and manage a growing team.

Qualifications

• Degree or equivalent in a numerate discipline (Mathematics, Sciences, Economics, Business, Finance, etc.).

About EP UK Investments Ltd
EPUK Investments Ltd (EPUKI) is the UK division of Energetický a průmyslový holding (EPH), a leading energy group of over 70 companies that owns and operates assets across Europe. EPH group employs circa 24,000 people internationally, owns €30.5bn of assets, generating €37.1bn of revenue and an EBITDA of €4.3bn.
EPUKI was established in 2015 as the strategic platform for expanding the EPH group into the UK energy market. Since launching, EPUKI has made several acquisitions and developed a number of new opportunities and now owns multiple renewable and flexible power generating assets in the UK and Ireland.
EPUKI has grown rapidly to revenues ~£3.5bn and EBITDA ~£300m. We pride ourselves on an entrepreneurial culture and flat leadership structure where individuals (wherever they are in the organisation) can make a real impact on our business.

Our aim is to enable the UK and Ireland low carbon transition through provision of flexible and reliable energy supply. To achieve this, we will:

• develop, construct and acquire the right assets to support the transformation of the energy system;
• invest in our people and our assets to best respond to the changing needs of our sector;
• continuously challenge ourselves to identify opportunities, build our knowledge and develop innovative solutions.

EPUKI is one of the largest independent generators in the UK and Ireland, with an asset base that covers multiple technologies and a range of revenue streams; these include fully merchant baseload and peaking plant and index traded baseload plants, providing a range of system services across the energy and balancing spectrum.
Despite its significant market presence, EPUKI has a flat structure with fast paced decision-making ability enabling better optimisation of market positions. The market continues to evolve and develop as the UK and Irish governments drive towards Net Zero with increasing challenges of renewables penetration, introduction of hydrogen and other new technologies.

Please refer the Job description for details