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ESB Trading Academy

 
Vacancy Number:  26613
Category:  Trading
Job Type:  Full-time
 

Are you interested in learning about energy trading from industry experts and embrace a future-driven approach that is working towards achieving Net Zero by 2040? 

 

ESB Trading is responsible for the commercial management of the largest and most diverse portfolio of generation assets and customers of any Irish utility with significant positions in a range of power, commodity and emissions markets. The Trading group is also responsible for developing and implementing innovative trading, settlement and risk management processes which enable the business to respond successfully to the challenges and opportunities of the markets we operate within. 

 

ESB’s Trading Academy offers a unique opportunity to join the ESB Trading Team and work across three areas over a period of 2 years with opportunity for career progression at the end of the programme. 

 

Don’t miss this opportunity to start a career in energy trading!  

 

Where will you work?  

 

Market Modelling & Analytics 

The Modelling and Analytics team provide insights to our trading team in the short and medium term and to provide long term forecast which inform key strategic decisions for our business. This multi-disciplinary team uses an integrated set of modelling tools to forecast future energy market prices and analyse market dynamics for the markets in which we operate. To provide this essential information to our traders and portfolio managers, we rely on thorough analyses of energy market fundamentals supported by robust data solutions. We constantly seek to improve and innovate our analysis techniques and keep up to date with the most recent advances in modelling and predictive analytics.   

 

Front Office  

The Front Office team trade a diverse generation portfolio in the Irish and GB market including Coal, Gas, Wind, Solar, Hydro generation and battery optimisation. The team is responsible for monetizing the generation assets, optimising the gross margin within the generation business and shaping the ESB Trading strategy.   

 

You will get an opportunity to enhance your commercial skills and learn about commodity hedging activities on domestic and international markets, gain an understanding of the main international commodity markets and how they operate and learn about trading electricity in both day ahead and forward markets in Ireland and Great Britain.

 

You will also learn how ESB enters into medium to long term Power Purchase Agreements with various renewable generators and how these are managed and optimised across the various trading desks. Learn about generation capacity markets in UK & Ireland and how ESB engages in these.

 

Middle Office  

The Middle Office function plays a critical role in delivering value to ESB through risk management, credit and governance activities and monitoring compliance with REMIT, EMIR, MAR and other financial regulations. Middle Office is responsible for monitoring trading activities in line with the strategy and authority limits and rules. 

 

You will get an opportunity to learn and understand activities related to quantifying market risks of trading initiatives and activities, work closely with other teams in Trading to ensure risks are effectively identified, measured and managed and be involved in providing effective market risk reporting in line with ESB’s risk control framework. 

 

What You’ll Learn over the 2 Year Programme 

Throughout the course of the programme you will gain a variety of skills which will enable you to progress your career in a Trading related discipline: 

 

  • In depth understanding of the Irish, GB Energy Markets and international commodity markets and how ESB Trading functions in these markets. 
  • Commercial expertise in trading decision making   
  • Subject matter expertise knowledge in each of the functions you work in supported by the opportunity to complete accredited courses and apply your learnings whilst gaining valuable experience. Data visualisation (e.g. Power BI) 
  • Knowledge of energy modelling tools and how they can be used to model energy markets  
  • Understanding of data analytics tools and how they can be used in a dynamic environment to support decision making 
  • Data analytics  
  • Market Modelling 
  • Commercial analysis and decision making 
  • Risk analysis and Governance  

 

In return  
In return, you will enjoy our many benefits including a competitive salary and a comprehensive benefits package built on our four pillars of reward, career, community and well-being.  More importantly you will have a strong base to build a career in Trading.      
 

What we look for? 

  • You should have (or be working towards) a minimum of 2.1 Honours Degree in Business, Economics, Finance, Commercial or other relevant course. Applications are welcome from candidates with 2-3 years relevant experience.  
  • Strong IT skills. 
  • You need good communication skills, excellent analytical skills and the ability to learn quickly.  
  • Be innovative in your approach and able to demonstrate your ability to actively contribute to the team.   

 

Location  

This role is based in ESB Head Office Dublin.  

 

Salary

€35,000 - €37,000

 

Closing Date

22nd April 2025

 

Note: Applicants who anticipate needing assistance for any part of the application process may contact, in confidence, recruitment@esb.ie.

 

Inclusion and Diversity Statement 

ESB is committed to being an equal opportunities employer. We welcome applications from all sections of society and ensure that no one is discriminated against on the grounds of race, religion or belief, ethnicity or nationality, disability, age, citizenship, marital status, domestic or civil partnership status, sexual orientation or gender identity, or any other basis as protected by law. Applicants who anticipate requiring assistance or reasonable accommodations for any part of the application or interview process may contact, in confidence, recruitment@esb.ie.  

About ESB

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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