Head of Trading (m/w/d)

Octopus Energy is a global energy leader revolutionizing the way people use energy. We're not just an energy supplier; we're a tech company building a cleaner, smarter energy future.

We're now looking for a Head of Trading to lead our UK trading operations. This is a pivotal role, responsible for driving effective trading strategies to manage risk across UK energy markets, ensuring we remain competitive and deliver exceptional value to our customers.

If you're a passionate and driven individual with a proven track record in energy trading, a strong understanding of data analysis (including Python and SQL), and a deep understanding of the UK energy market fundamentals, we encourage you to apply.

What you'll do...

• Develop and implement data-driven trading strategies to mitigate energy market risks across UK power, gas, and certificates. Leverage advanced analytics and energy market fundamentals to minimise exposures to price volatility and weather events
• Build, mentor, and lead a high-performing team of talented traders. Foster a collaborative and innovative environment that encourages excellence, continuous learning, and data-driven decision-making
• Work closely with the Risk, Forecasting, PPA, and Flex Trading teams to leverage advanced analytics and forecasts, developing trading tools and analytics to support hedging activities
• Work closely with the Risk team to explore use of demand-side flexibility, battery storage, weather derivatives, and energy options to hedge against market volatility, stress scenarios and optimise portfolio performance
• Ensure all trading activities comply with all relevant regulations and industry best practices
• Actively analyse trading performance, identify areas for improvement, and implement data-driven changes to strategies, processes, and team operations to achieve ongoing performance enhancement

What you'll need...

• Demonstrate a comprehensive understanding of the UK energy market, including relevant electricity, gas, balancing markets, and the evolving regulatory environment
• Possessing strong analytical and quantitative skills, with proven experience in leveraging data analytics (Python and SQL). Proven ability to develop, interpret and respond to key performance indicators (KPIs) related to trading performance
• Proven experience leading and developing high-performing teams within a data-driven environment
• Strong preference for candidates with proven experience managing energy portfolio risks including those with exposures to renewable generation (e.g. wind), interconnectors, and global gas markets
• Preference for candidates with expertise in utilising energy options and weather derivatives to hedge against market price volatility and weather-related risks
• Excellent communication skills to relay complicated concepts in a way that everyone can understand
• A strong belief in a clean energy future and a passion for leveraging data and technology to build a sustainable energy system

💚 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
• 🎁 Visit our UK perks hub - Octopus Employee Benefits

Our process usually takes up to 4 weeks, but we’ll always do our best to flex around what works for you. Along the way, you’ll chat with our recruitment team and your Recruiter will help you throughout different stages. Got any burning questions before then? Drop us a message at [email protected] and we’d love to help!

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.