Trading Risk Manager (12 Months)

Position Description 

This is an exciting and challenging opportunity to lead a dynamic, commercial and customer focused team.  This role is key in managing the trading and risk activities of the ESB Customer Solutions business, most notably the Electric Ireland and So Energy businesses. The Trading Risk team work closely with the Pricing & Trading team to ensure that the trading strategies implemented across Electric Ireland and So Energy are effective for the business and operate properly to deliver strong business performance and cost-effective customer solutions.

The successful candidate will lead a small professional team which partners effectively with the business and will play a key role in ensuring that the ESB Customer Solutions business has a robust governance and control framework for its trading activities.
 
ESB Customer Solutions (“CS”) brings together all ESB’s retail offerings in Ireland and GB, including Electric Ireland, So Energy, Electric Ireland Superhomes, ESB’s Smart Energy Services, ESB ecars and ESB Telecoms. 
 
This role will report to the Financial Controller for ESB Customer Solutions and will work closely with other members of the CS Senior Management Team. This role will be based in Swift Square, Northwood, Santry in line with ESB's Smart Working arrangements.

Key Responsibilities 

•    Trading Oversight – responsible for monitoring all trading activities, managing trading positions, acting in accordance with approved trading strategies and relevant risk controls & limits within Electric Ireland and So Energy.
- Provide a challenge and oversight role over trading activities ensuring risks are effectively evaluated and managed within Electric Ireland and So Energy.
- Deliver an independent view of renewable trading activities and associated risks for Electric Ireland. 

•    Governance Reporting - play a lead role in supporting all aspects of trading’s governance arrangements including coordinating all oversight committees.
- Manage the quarterly governance reporting requirements for the Pricing, Trading and Regulation area.

•    Reporting – lead the provision of all required reporting on trading activities, including trading exposures, hedging positions, counterparty positions and credit limits.
- Ensure all counterparties and their associated credit limits are approved annually. 
- Manage and review the level of credit risk Electric Ireland and So Energy is exposed to and recommend mitigating actions where appropriate.
- Deliver oversight through appropriate risk reporting of Electric Ireland’s demand forecasting activities across electricity and gas portfolios. 

•    Provide baseline energy costs analysis to estimate the expected value of Electric Ireland’s trading electricity and gas portfolios.

•    Hedging Support – coordinate with the Pricing & Trading teams to develop and implement hedging strategies to deliver margin expectations and appropriate risk management within Electric Ireland and So Energy.
•    New Product Support – support the business in new product development, evaluating trading and hedging strategies ensuring risks are sufficiently managed and premiums applied as appropriate.  
•    Support organisational change initiatives and projects. 
•    Team Leadership – provide guidance and support to the team in supporting the business, including in formulating market views and appropriate trading responses. 

Experience and Qualifications 

Essential

•    Relevant degree-level qualification.
•    A minimum of 7-10 years relevant experience in risk, trading, governance or similar areas.

Desirable 
•    A commercial mind set
•    Strong interpersonal, communication and influencing skills.
•    An ability to act independently
•    Strong knowledge of the Irish energy market
•    Some knowledge of the GB energy market
•    A clear understanding of key governance principles and risk management practices
•    Knowledge of trading practices and systems would be an advantage.

Location 

This position will be based in Dublin

ESB is committed to smart working – combining digital tools with a culture of trust and empowerment to enable flexible ways of working. The successful candidate may work flexibly within their jurisdiction with attendance at the workplace for in-person collaboration on at least two anchor day per week. All smart working arrangements are subject to manager approval and ongoing review, based on the operational requirements of the role, the team, and the individual.

Reporting To

Financial Controller, Customer Solutions 

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

€69,500 - €81,800 depending on experience

Closing Date

7th 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.ie

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.