Energy Trader, Natural Gas & Power
- London
- Permanent
- Full-time
The Commodities Trading Department is a global team, offering tailored commodity hedging and risk management solutions across the ING client base. Predominantly servicing corporate clients and commodity producers around the world, the team offers round-the-clock coverage, and global execution capabilities, according to the ING orange code.Core services:Commodity derivative hedging – linear & non-linear productsMarket execution - across global exchanges and OTC marketsGlobal teams:London: Main commodities trading hub, predominantly covering EMEA, with specialized teams per product group.New York: Cross commodity, covering the AmericasSingapore: Cross commodity, covering APACProduct Coverage:Oil & ProductsEnergyBase & Precious MetalsAgricultural ProductsMain Duties and Responsibilities of Role:Actively follow developments in (paper) commodity markets;Continuously check and update relevant market parameters;Provide cross commodity cover to other traders in the desk, namely indicative and firm quotes for clients;Execute orders across multiple commodity products;Manage risk position of the desk within the applicable limits and desk risk tolerance;Help contribute towards desk strategy by identifying market opportunities;Ad hoc analysis and contribution towards ongoing projects for the desk;Contribute to development of tools & automation to streamline desk processes;100% observance of all FCA requirements, industry conduct rules, ING Compliance standards, exchanges’ rules & regulations.Candidate Profile
Qualification/EducationEducated to Degree level in either Engineering, Science, Mathematics, Statistics.Experience/Knowledge
Essential:A minimum of 2 years experience working in European natural gas and/or powerKnowledge of European energy fundamentalsProgramming skills (Python, Excel VBA, SQL)Working knowledge of Microsoft ExcellBasic knowledge of option pricing, trading and risk managementDesirable:Experience working in a bankKnowledge of regulatory changes and impact on trading activitiesPersonal Competencies
Essential:Proactive behaviour and perpetual energy and drive to improve performanceEffective team player with good interpersonal and communication skillsChallenger of the status quo, always striving to do things more efficiently and effectively.ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead)
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