Trading Manager (All Island) Trading

Key Responsibilities

• Devising, implementing and maintaining appropriate policy and procedures for the trading of power and commodities within the integrated Single Energy Market (I-SEM), including DAM, IDA, IDC, forwards/CfD’s, Gas Capacity Strategy and Ancillary Services to deliver maximised profitability.
• Leading the All-Island trading team in devising all hedging strategies (gas, power, carbon), ensuring that all short-term optimisation decisions are appropriately challenged, costed and risk assessed.
• Managing delivery of all I-SEM market power, gas and carbon trading activities in accordance with relevant regulations (including REMIT) and EPUKI risk and trading policies, ensuring ongoing commercial regulatory compliance with respect to the BCOP/BMPCOP and communication with the Market Monitoring Unit (MMU).
• Working with the Finance and Markets teams, supporting the development of long-term hedging strategies and mandates, ensuring that they are reflective of real-world dynamics (e.g. liquidity, credit, counterparty availability, etc.) and are executed in a manner that optimises value.
• Providing in depth, real-world market intelligence to the Markets and Fundamentals teams, TOFCo and CRRCo Committees, including EPUKI board and EPH executive level members as required.
• Developing and continuously improving trading capabilities, including the ingratiation of new and incumbent generation assets in I-SEM market, providing a platform for data led trading and optimisation.
• Developing and continuously managing relationships with market counterparties, including stakeholder interactions and representation with relevant regulatory agencies (e.g. Eirgrid, EPA, CRU, GNI and Gas Code Modification Forums). 
• Developing and implementing appropriate KPIs, scorecards and other tools to incentivise and monitor the performance of the All-Island Trading team.
• Recruiting, training, coaching and leading a team of shift, day traders and analysts within the All-Island market,  implementing the appropriate processes, procedures, and controls to deliver the rights result.
• Identifying and delivering additional opportunities within the All-Island market through the development of an entrepreneurial team culture, whilst leading in delivering an open, engaged and compliance led culture, with focus on identifying, delivering, and protecting value add opportunities.
• Maintaining and developing relationships between All-Island asset locations and the Trading team, ensuring clear and unambiguous communications around market and plant conditions that comply with REMIT and enable EPUKI to maximise market opportunities whilst appropriately mitigating plant risks.
• Building partnership relationships across the wider EPUKI/EPH Groups and help to deliver improvement either within the All-Island Trading team or elsewhere.
• Monitoring of credit positions with counter parties, including recommending alternative strategies for hedging where appropriate