02 nov
|
Duferco Energia
|
Genova
02 nov
Duferco Energia
Genova
The role
Duferco Energia is looking for an experienced Senior Power Futures Trader to join the Future Prop Trading team. The successful candidate will take direct responsibility for trading decisions, position management and P&L; generation, combining fundamental market knowledge with quantitative and data-driven analysis.
Key responsibilities
- Develop and execute proprietary trading strategies across European power futures markets.
- Manage positions and risk within an assigned mandate, monitoring P&L;, exposures, limits, VaR, liquidity and drawdowns.
- Identify directional and relative-value opportunities across markets, delivery periods and commodities, including outright positions, time spreads, geographical spreads and power-gas-carbon relationships.
- Analyse the main drivers of European power prices, including demand, generation mix, weather, outages, hydro balances, fuels, EUAs, cross-border flows and transmission constraints.
- Develop, test and document trading ideas using fundamental and quantitative approaches.
- Work with market analysts, meteorologists, gas traders, Risk Management and IT to improve models, datasets and decision-support tools.
- Contribute to the development of systematic trading strategies.
Candidate profile
- At least 5 years of relevant experience in European power trading, with direct responsibility for a proprietary trading book.
- Demonstrable experience in power futures, forwards and related derivatives, including products traded on EEX, ICE and OTC markets.
- Proven ability to translate market views into profitable, risk-adjusted positions.
- Strong knowledge of European power fundamentals, forward curves and the interaction between power, gas, EU ETS, renewables and cross-border capacity.
- Solid understanding of trading risk and performance metrics, including P&L; attribution, VaR, position limits and drawdowns.
- Strong analytical skills, trading discipline and ability to make timely decisions in volatile markets.
- Fluent English. Knowledge of Italian is mandatory.
Education and technical skills
- Master’s degree in Economics, Finance, Engineering, Mathematics, Statistics, Physics, Computer Science or another quantitative discipline.
- Strong knowledge of Excel and good working knowledge of Python, SQL or other quantitative tools are an advantage.
Preferred experience
- Experience across several European power markets, particularly Italy, Germany, France, Switzerland, Austria and Central or South-Eastern Europe.
- Experience with front and curve products, cross-border strategies, interconnector economics.
- Experience integrating fundamental analysis, weather information and quantitative signals into trading decisions.
What we offer
- Direct responsibility for trading decisions, risk allocation and P&L; generation within an established European energy trading desk.
- Close collaboration with experienced traders, analysts, meteorologists, risk specialists and developers.
- Competitive fixed remuneration plus a performance-related variable component.
- A dynamic and professional environment with opportunities to develop new strategies, products and markets.
📌 Senior Power Futures Trader (Genova)
🏢 Duferco Energia
📍 Genova