Portfolio Optimierung Manager Strom Gas (f/m/d)

E.ON Energy Markets GmbH

E.ON Energy Markets GmbH is a subsidiary of the E.ON Group headquartered in Essen, Germany. Its main purpose is to bundle access to trading markets for E.ON's regional units, the associated risks and to perform services and additional value-creating activities. This includes the provision of portfolio strategies, risk management concepts and business activities in the field of data and information processing. The company is active in various European countries.

E.ON is one of the strongest operators of European energy networks and energy-related infrastructure, as well as a provider of advanced customer solutions for more than 50 million customers. With a total of over 75,000 employees we are represented in 15 countries. By focusing on two sustainable growth areas and with the acquisition of innogy, we are ideally positioned to drive the energy transition in Germany and Europe.

At E.ON diversity matters. We welcome all people and are convinced that differences make us stronger. Become part of our inclusive and diverse company culture!

We are looking for an Senior Originator (f/m/d) to join our E.ON Energy Markets GmbH team.

Task description

The candidate will be a Position Manager on the Contractual Assets desk with direct PnL responsibility. The role sits between trading and origination, ensuring that our contracted assets are hedged effectively, PnL is optimised and risks are effectively managed. You will manage the end to end lifecycle of assets under contract, from evaluation and pricing, setting trading strategies through to execution and performance monitoring. This is a hands on trading role requiring detailed market insight, strong quantitative skills, and the ability to translate complex risk into clear commercial decisions.

The desk has a mandate to trade positions to optimise and protect value from assets we have under contract and future assets we will contract with an ambitious growth aspiration including but not limited to PPAs, Flex Tolls such as Virtual Batteries and Virtual Pump Storages, Virtual Gas Storages, and other asset linked bespoke special transactions. Position Managers need to generate PnL through identifying and implementing trading strategies across assets they are responsible for and contribute through active risk management and optimisation.

Responsibilities:

• Contribute to desk PnL through identifying, implementing and executing profitable trading strategies in the Contractual Assets space.
• Work with the Origination team on Business Development; to identify the types of assets, contract structures and pricing strategies that will provide a balanced and optimal portfolio of contractual assets to drive PnL.
• Develop and maintain robust tools for deal evaluation (PPAs, Virtual Storage and other structured products), perform back-testing, scenario analysis and sensitivity studies for strategies and market developments
• Work with other traders, analysts and originators to generate new ideas and strategies.
• Develop and maintain a strong market view on European energy markets (power, gas, emissions).
• Be position and PnL owner throughout the entire product life cycle of an asset and design hedging strategies for complex deals while balancing risk reduction with value optimization
• Pitch strategies to senior trading management for risk capital allocation
• Drive best possible practice by shaping the structuring, risk evaluation and pricing of contractual assets identified by the Origination team, working and aligning with Quants in adjacent teams to pool and maximise expertise across the Group.
• Work with Risk Management to ensure maximum transparency on inherent risk and PnL performance, ensure compliance with risk limits and internal governance framework.

Qualifications:

• Proven experience (3+ years) in energy trading, asset optimization, or structured energy products, preferably in a front-office or closely aligned role with proven strong PnL track record
• Detailed understanding of European energy markets and interaction of commodities / markets.
• Strong understanding of structured products, pricing models and risk management
• Demonstrated ability in position management and portfolio optimization
• Technical skills such as Python or other and database skills is a plus.
• Quantitative background with excellent analytical and communication skills.
• Demonstrates soft skills to be able to guide colleagues and take a leading role in the team.
• Able to manage yourself and your time to be able to work under pressure and be a highly reliable contact.

E.ON is united in working on the most exciting issue that our generation needs to solve climate change! With all our employees and customers, we are a global community of innovators and changemakers, all with the belief that each one of us can make a difference for our environment, for our society and for our children - We shape the future.

To keep you motivated and healthy we are offering you the following benefits:

• Flexibility: hybrid work model, flexible working times, sabbatical or additional vacation opportunities allowing great work-life balance
• Working from abroad: up to 20 days in the European economic area
• Flat hierarchies: interdisciplinary and very cooperative working style providing room for own ideas
• Modern work environment: workplace according to digital and ergonomic standards
• Personal growth: life-long independent learning making use of a broad range of opportunities working with the newest technology and state of the art trainings
• Family service support: services in the areas of childcare, holiday care, nursing support or everyday assistance
• Nutrition & Health: wide selection of fresh meals and drinks in our subsidized bistro and canteen as well as various health offers (e.g. physiotherapy, flu vaccinations, mental health)
• Corporate Benefits: employee share program, pension scheme, employee discounts, special insurances (and much more)
• A central location: very good public transport connection, free parking and charging points for e-vehicles
• Individual mobility: private car and bicycle leasing

Inklusion

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