Trading and Risk

Join us in this role where you’ll own and continuously develop our fundamental view of European power markets. Working at the intersection of market analysis and trading, you’ll bring together insights from across the organisation, form an independent view of where markets are heading, and translate this into clear commercial recommendations.  

Working closely with the Trading & Revenue senior leadership, trading desk heads, and traders, you’ll influence decisions around trading strategies, hedging, portfolio management, and PPAs. Rather than supporting decisions from a distance, you’ll be a trusted market expert whose analysis and judgement help shape the positions we take.  

Welcome to Trading & Revenue
You’ll be part of Forecasting & Analysis where you, together with your colleagues, will provide the market insights and analysis behind key trading and commercial decisions.   You’ll work in a dynamic environment close to the trade floor, collaborating with traders, analysts, meteorologists, and dedicated in-house model developers. With strong modelling capabilities around you, you’ll be able to focus on interpreting what is happening in the market, challenging existing assumptions, forming a strong fundamental view, and translating it into commercial opportunities.

As a team, we challenge our thinking, share our expertise openly, and combine different perspectives to make better decisions.

 In this role, your analysis becomes action. You’ll engage directly with Trading & Revenue senior leadership team and have the opportunity to shape how we understand European power markets. You’ll play a leading role in strengthening our market analysis capability, bringing in external perspectives and best practices, and developing a more integrated view across Trading & Revenue.

You’ll play an important role in:

• owning, developing, and maintaining our fundamental view of European power markets, with a particular focus on North-Western Europe and the UK, and bringing together perspectives from across Trading & Revenue into a coherent market outlook
• acting as a trusted sparring partner to the Trading & Revenue senior leadership, trading desk heads, traders, and portfolio managers, bringing an independent fundamental market perspective to key strategic and commercial decisions
• identifying structural and emerging shifts across supply, demand, regulation, weather, generation, interconnector flows, electrification, and other market drivers, and assessing what they mean for power prices and market dynamics
• turning market developments into commercial implications, from understanding the impact of changing generation availability or demand assumptions to assessing what these developments mean for our portfolios and trading positions
• translating fundamental market insights into actionable trading and hedging strategies together with our trading teams, helping facilitate discussions on what positions we should take as market conditions and assumptions evolve
• advising senior stakeholders on the market implications of important portfolio, PPA, and other commercial decisions, bringing a clear view of both market opportunities and risks
• advancing our fundamental power market capability by bringing together perspectives from across the organisation, introducing external insights and industry best practices, and strengthening how we form and communicate our market view across Trading & Revenue.

To succeed in the role, you:

• have deep expertise in European power markets and significant experience forming an independent view of how fundamental developments affect power prices and market dynamics
• bring strong commercial judgement and can move confidently from fundamental analysis to clear recommendations on trading, hedging, portfolio, and PPA decisions
• understand the interaction between physical power market fundamentals, forward markets, options, and curve dynamics, and can connect changes in the physical market with their commercial and trading implications
• are comfortable owning a market view, challenging established assumptions, and acting as an equal sparring partner to experienced traders and senior decision-makers
• can look beyond established market assumptions, identify developments or structural shifts that may not yet be fully reflected in the market view, and determine what they could mean for future power prices
• can bring together different sources of analysis, modelling, external intelligence, and perspectives from across the organisation to form a clear and coherent market view
• communicate complex market developments as concise, decisive, and commercially relevant recommendations, including to senior stakeholders
• bring substantial experience from power or closely related European energy markets, whether gained in a utility, trading environment, financial institution, or similar market-facing organization.

Maybe you’ve read the above and can see you have some transferable skills, even though they don’t quite match all the points. If you think you can bring something to the team, we still encourage you to apply.

Shape the future with us
Send your application to us as soon as possible. We’ll be conducting interviews on a continuous basis and reserve the right to take down the advert when we’ve found the right candidate.

As an applicant or employee, you may request reasonable work and position accommodation or adjustments via accommodation@orsted.com.

Please note that for your application to be taken into consideration, you must submit your application via our online career pages and answer the screening questions relevant for your country. We don't take applications or inquiries from external recruiters or agencies into account for this position.

Position salary range: 

For this role, the base pay will be determined according to the relevant pay structure for the location where the position is filled. Actual pay will be based on skills, experience, and the expected role fulfilment to ensure a fair and competitive offer. Where applicable, you may also be eligible for variable payment and a comprehensive benefits package. Pay details specific to your location will be provided during the interview process.

Pre-employment background checks: