Shift Trader
London, UK
Octopus Energy UK 🇬🇧 – Procurement /
Full-time /
Hybrid
Working closely with trading, risk, and origination colleagues to help Octopus navigate the energy transition. We believe in applying technology efficiently to help decarbonise the grid. We’ve done this through transparent tariffs, turn-down projects or clever EV charging. Also, we have a large renewable and growing battery portfolio! We are looking for a power shift trader to help with our activities in the UK. In this role you will work on the execution of our trading strategies for our demand, renewable assets and flexibility portfolios. You will primarily be trading on short term (intra-day) power markets in the UK, with some potential to add gas and international markets in the future.
You’ll be working on a 24-hour shift desk, analysing and reacting to changing market fundamentals as soon as they’re published in real-time. This is a super exciting role with a very immediate sense of achievement, but it requires a huge amount of focus and a resolve to stay calm when things sometimes go against you. You’ll also be working independently quite frequently, particularly during night shifts, so you’ll need to have the confidence to make decisions by yourself. We’re in the early stages of forming the team so you’ll have a key influence in informing the ways we can best support you in the role, as well as helping to build and design trading strategies. Longer term, we’ll be looking to introduce international markets, as well as developing our algo trading capabilities and proprietary trading book.
What you'll do
- Optimising trading for Octopus’ portfolio as demand and generation forecasts change
- Ensure trading is executed within agreed risk limits
- React quickly to market fundamentals to reduce exposure to volatility
- Execute orders on behalf of different areas of the business, from flexibility to retail to PPA
- Contribute analysis to support Octopus’ trading strategies, including the design and improvement of Algo-trading strategies
- Liaise with the other traders on evolving market dynamics and system trends
What you'll need
- Experience in the UK/European Power markets with a focus on trading
- Proven statistical/mathematical skills
- Ability to maintain focus for extended periods of time
- A competitive edge with a desire to take advantage of market opportunities
- Able to stay cool under pressure and react to fast moving events
- Genuine interest in markets and supply/demand dynamics
- Willing to work a rotational shift pattern, including nights and weekends
- Experience in trading on an exchange-based platform beneficial
Why else you'll love it here
- Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
- Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership and most recently The Sunday Times, Best Places To Work 2023
- Visit our UK perks hub - Octopus Employee Benefits
