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Trainee Trader, ESB Trading (24 Months)

 
Vacancy Number:  26428
Category:  Trading
Job Type:  Full-time
 

Position Description

 

ESB Trading is a section of the Generation and Trading division of ESB and trades the output from the ESB portfolio in GB and Ireland through various trading strategies and time horizons. ESB Prompt Trading desks operate across all short-term Power and Gas Markets in to optimise ESB positions in these markets and to maximise value from the ESB generation portfolio.

 

We are currently seeking to recruit a Trainee Trader to work with our Prompt Trading teams. The purpose of the Trainee Trader role is to ensure that ESB has the required on-going skill sets to resource the Prompt Trading Desks and to occasionally provide cover for Prompt Trading rosters which may arise due to project work or other absences. It is not required that candidates have any significant knowledge of power markets as successful candidates will undergo significant training to allow them to operate as Prompt Traders in the GB & ISEM power market.

 

 

Key Responsibilities

 

The successful candidates will also have the opportunity to gain valuable insight to the development of the GB & ISEM markets and will have responsibly to contribute towards the successful delivery of the financial targets in a trading business with an annual gross margin of >€100m.

 

The key responsibilities of the roles include the following:

 

  • Supporting development of prompt trading strategy for relevant desks
  • Analysing markets
  • Undertaking prompt strategy optimisation projects as required

 

As part of the Trainee Trader role, the successful candidates will initially need to spend some time working as part of a 24/7 operations team on a shift rotation basis where they will learn to:

 

  • Dispatch our generation portfolio in the optimal manner
  • Maximise the economic benefit from trading the power and gas positions
  • Maximise balancing market revenue
  • Re-optimise traded positions whilst expertly managing our exposure to volatile and punitive system imbalance charges
  • Continuous re-assessment of our supply/demand position and risks during the day, taking account of potential plant failures and volatile market conditions
  • Assist in the preparedness and readiness activities for the future state and activities of the group
  • Manage interactions with stations, other market participants and other functions within ESB

 

Trainee Traders will normally work on days carrying out the above activities and supporting the Prompt Trading Desks. They will also be required to work a minimum number of shifts per month to maintain their Trading skills and providing cover for the Prompt Trading Rosters.

 

 

The Candidate

 

The successful candidate will:

 

  • Be an excellent team member but self-motivated with the ability to work on your own initiative
  • Demonstrate excellent communication and reporting skills to provide effective commentary at shift handover and to the management team
  • Be comfortable making commercial decisions under tight timelines
  • Have excellent and timely decision-making skills and judgement are essential whilst ensuring half-hourly deadlines are met
  • Demonstrate a positive attitude to change with an ability to quickly adapt to dynamic trading and operating system conditions
  • Have experience in the use of MS Office tools such as MS Excel and word would be an advantage

 

 

Experience and Qualifications

 

Essential

  • Have good level of numerical, IT, analytical and communications skills
  • Relevant 3rd level qualification or equivalent work experience is required

 

Desirable

  • Basic understanding of gas and power trading and operations
  • Ability to quickly translate complex analysis and accurate interpretation of electricity market and system data thus ensuring optimal trading and asset profiling decisions are taken

 

 

Location

 

Based in ESB Head Office, 27 Fitzwilliam Street Lower, Dublin 2. 

 

 

Reporting to

 

The successful candidate will initially report to the GB Prompt Trading Manager, ESB Trading.

 

Why work with us?

 

  • Opportunity to lead Ireland’s transition to net zero carbon future
  • Progressive, hybrid working model
  • Career development through mentoring and training
  • Corporate Social Responsibility Opportunities
  • Sports and Social Clubs
  • Networking opportunities
  • Credit Union
  • Generous Pension
  • Access to staff well-being programmes
  • Generous parental leave entitlements
  • Strong values-based and inclusive culture
  • Strong commitment to diversity, equity and inclusion
  • Great team environment working to our Core Values: Courageous, Caring, Driven and Trusted

 

 

Salary

 

€48,100 - €56,500 per annum

 

 

Closing Date

 

27th March 2025

 

 

Note: Applicants who anticipate requiring assistance or reasonable accommodations for any part of the application or interview process may contact, in confidence, recruitment@esb.ue

If you have any queries in relation to this job, please contact recruitment@esb.ie

Your application will be held in reserve for 6 months should you be suitable for the role.

 

 

 

Join us in our mission to achieve a net-zero electricity system by 2040. ESB is Ireland’s leading energy utility, with activities spanning electricity generation, transmission and distribution, energy supply, energy services and international consultancy. Operating in Ireland, Northern Ireland and Great Britain, we invest over €1 billion each year to deliver a new energy future based on reliable, affordable zero-carbon electricity.

Our inclusive culture fosters innovation and connection among our 9,000 employees. At ESB, we support you to be your best so that you can truly make a difference.
 

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