To achieve Net Zero emissions, greater grid flexibility is a fundamental necessity to cope with a more variable renewables-based power sector and enable the decarbonisation of heating and transport.
We're doing unconventional things, and to be successful we need a team of unconventional traders. This is a brand new venture within Octopus and we have a blank canvas to create a diverse and talented team of market experts that will really push to find new ways of improving market efficiency and decarbonising the grid.
You will be a key member of the team that develops transformational solutions and rapidly implements these to meet the urgent and global need for energy flexibility.
You’ll be responsible for creating value from the Intraday Power market, trading the volatility, and managing our exposure. You’ll also work on the high-level trading approach, supporting in the evolving design and improvement of our in-house analytical tools.
Team culture and vision are so important to us, here’s what the team has to say…
Celyn Simmonds - “Octopus Energy Trading is a new function within the Octopus Group that is tasked with managing all the Group's short term trading responsibilities. We'll be building a 24 hour shift desk, supported by world class developers, in order to optimise our flex assets (think batteries, EV's, heat pumps..), retail, and renewable energy portfolio, as well as taking speculative positions. We're a small, dedicated function who work fast, dynamically and look out for each other; it's a start-up atmosphere with the benefits of the resources of a larger company.”
Alissa Tripp - “Working in the Octopus trading team has been a fantastic experience - it's a space where innovation and teamwork create tangible impact, and it is a very collaborative environment to operate in. Being part of such a dynamic team has definitely pushed me to grow in ways I hadn't expected.”
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What you'll do - Use market leading analytical tools to make fast, profitable trading decisions
- Execute trades within the Intraday Power market to manage Octopus’ exposure on its multi-billion pound hedge book
- Deliver additional value through the optimisation of flexible assets in the short term market
- Trade the changing forecasts of our PPA portfolio
- Design and feedback ideas for improvements in the analytics suite, as well as share trading strategy ideas with the rest of the team
- Help to build and design algorithmic trading strategies
- Liaise with the Trading Manager to ensure short term exposure risks are understood across the business
What you'll need- Experience in Commodity Trading or similar field - ideally 1+ years experience
- A passion for the challenge of decarbonisation and grid flexibility as the enabler for it
- Ability to synthesise numerical information and make informed decisions quickly
- Eagerness to learn the fundamental drivers of the power market and become a top performing trader within the market
- A drive to succeed in a fast paced and competitive market
- An ability to maintain continued attention to the market, even in times of low market volatility
- Comfortable working shifts, including frequent nights and weekends
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
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If this sounds like you then we'd love to hear from you.
Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!
Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.
