Octopus Energy

Shift Trader

London, England, GB

RemoteFull time roleEarly Career, Mid Level

7 days ago

About the Job

With outstanding skills in forecasting, initially to work in intra-day forecasting.

At Octopus Energy Trading, we’re on a mission to reshape the future of energy. As part of Octopus Energy Group, we’re creating an innovative approach to trading that will accelerate the transition to a Net Zero world. With the growth of renewables and a push toward decarbonising heating and transport, greater flexibility in the grid is essential. We are building cutting-edge technology to optimise everything from domestic EV charging to grid-scale batteries, to meet the global demand for energy flexibility.

As innovators at the forefront of the energy transition, our trading team is addressing the unique challenges and volatility of a renewables-based power sector. This is an exciting opportunity to join a high-impact venture where you’ll play a key role in driving Octopus’ growth within the dynamic energy market.

We’re looking for passionate and unconventional thinkers to join us on this journey, bringing a diversity of experience and ideas to shape a more efficient, flexible, and sustainable energy system.

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.”

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 Power Trading or similar field - ideally 1+ years experience in a shift-based role including proprietary trading
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
Understanding of the fundamental drivers of the spot power market and a drive to become a top performing trader within the market
Motivation 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

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.

About the Company

Octopus Energy

Houston, TX, USA

1001-5000

Welcome to the future of energy We’re a leading energy technology company providing a better experience for our customers through transparency, automation and simplicity. Better for the planet, through real long-term investment in renewable generation and a low CO2 future. We make energy green and flexible for consumers, with fair and transparent pricing. Through our home developed platform, cloud-based billing, and sophisticated use of data science, modelling and AI, we’re redefining what is possible in energy.  Formerly operating as Evolve Energy, our efforts have not gone unnoticed and we are extremely pleased to announce that we now have the full support and backing of Octopus Energy, an award-winning UK energy supplier who share our passion and values. We recently secured over £500 million of investment from <a href="https://octopus.energy/blog/octopus-energy-achieves-unicorn-status-investment-origin-energy/" data-mce-href="https://octopus.energy/blog/octopus-energy-achieves-unicorn-status-investment-origin-energy/">Origin,</a> Australia's largest Energy Company and<a href="https://octopus.energy/press/octopus-energy-group-enters-asia-landmark-partnership-tokyo-gas/" data-mce-href="https://octopus.energy/press/octopus-energy-group-enters-asia-landmark-partnership-tokyo-gas/"> Tokyo Gas, </a>to help us continue on our mission.

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