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ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.
About us
ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.
3,300 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.
Our +120,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.
Our 4 expertise:
- Asset management
- Energy transition services
- Energy supply & global commodities
- Risk management & market access
At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.
Your contribution
Through its organisation, GEMS is able to cover most of the key geographical markets.
Within GEMS’ Business Unit, GEM UK manages assets and product portfolios related to power, gas, and emissions in the UK markets, actively supporting the country’s ambitious path to a net zero economy.
Role
The VIE will learn to manage (flexible) positions coming from GEM UK internal and external clients. The main objective is leveraging through trading positions to produce positive P&L while bordering the risk with appropriate strategies . The risk carried out will be monitored through trading classical indicators and will have to cope with risk mandate requirements.
Key missions
The Desk will participate in developing trust and cooperation within the BU GEMS and with other ENGIE’s BUs. Within its perimeter and as defined by the Head of Desk, the Junior Energy Trader will learn to:
- Manage renewable power exotic risk across the curve
- Manage/optimize term positions (Outright and Options)
- Manage flexibility and options (eg. clean spark spread options, power and gas options)
- Ensure performance of books under its perimeter and related reporting
- Operate within the approved risk mandate
- Propose improvement of models, processes & tools and follow-up implementation
The VIE/ Junior Energy Trader will demonstrate team spirit and participate to constructive relationships within the desk and with other teams.
As part of its learning experience, the VIE/ Junior Energy Trader will provide ad hoc support and back-up to the rest of the trading team in various desk tasks as required (for example, management of cross-border energy interconnectors, or of clients’ requests for hedging services, etc).
The VIE is foreseen for an overall period of ~18 months (to be refined, but no more than 12 months in the UK), with hiring opportunity for successful candidates. The position is based in London but with an initial period (6 to 9 months) of the training taking place in GEMS’ offices in Brussels.
About you
Hard skills
- Excel/VBA/Python knowledge and coding aptitude
- Fluent in English
- Ideally some experience and understanding of energy markets and financial mathematics;
Soft skills
- Cooperative, Autonomous, Creative, Reliable, Analytical, resilient to stress
Education and professional background
- You have a Master’s Degree in a quantitative subject: Mathematics, Engineering, Finance, etc;
About ENGIE
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.
