Iberian Originator - Energy Trading

About the role

SmartestEnergy is looking for an Iberian Originator based in Barcelona. You will originate energy trading transactions in the local Power, Gas and Environmental Commodities markets, and support origination and market entry activities in other European geographies.

Key responsibilities

• Originate bespoke energy trading services agreements with large industrials, generators, energy retailers and other third-party participants in the local energy markets.
• Generate leads for linear and non-linear transactions with wholesale counterparties and asset operators such as IPPs, BESS operators, pipeline and gas storage operators and gas producers.
• Maintain a network of industry contacts and build a pipeline of potential transactions.
• Keep up with market participants, regulatory changes and trends, and develop new origination strategies.
• Support commodity desks in developing products and risk management tools that meet customers' needs.
• Work with colleagues in risk, regulation and legal on new bespoke transactions, and report to senior management on commercial performance and portfolio risks.
• Support the group's objectives and foster collaboration across the team.

Required profile

• Extensive experience in wholesale energy markets and trading, gained through a front office position at a utility, energy trading house, bank or similar.
• Extensive client network in the local power and gas markets.
• Track record of originating energy products such as market access agreements, power purchase agreements, optimisation agreements, tolling agreements and options.
• Extensive and current knowledge of the local and European markets.

Required skills

• Knowledge of structured products such as structured trading, vanilla options, swing options, Asian options, fixed-for-floating swaps and contracts for difference.
• Understanding of the operational, financial, compliance and risk management requirements for structured energy transactions.

The application process is reviewed by a person, typically takes 2-3 weeks and includes two video interviews via Teams; a face-to-face meeting or a single video interview may also occur.