Portfolio Manager (m/w/d)

Job Description

As a Portfolio Manager, you will be responsible for the development and execution of energy portfolio strategies for Tibbers' retail business across the European markets. This includes managing the risk, optimization, and profitability of a portfolio of power supply contracts and customer demand. You will work closely with the trading team and commercial teams to ensure the effective management and commercial success of the retail power portfolio.

What you'll do

• Portfolio Strategy & Development: Develop and implement portfolio strategies to optimize the procurement of power for retail supply, considering market conditions, regulatory changes, and customer demand. Conduct market research and analysis to identify trends, opportunities, and risks in European power markets (e.g., spot, futures, and OTC markets). Develop and maintain portfolio models, including supply curves, demand forecasting, and price projections;
• Risk Management: Identify, assess, and manage the financial and operational risks associated with the power portfolio (e.g., price risk, volume risk, credit risk). Develop and implement hedging strategies to mitigate risks. Monitor and manage portfolio exposure, including Value at Risk (VaR) and other risk metrics. Ensure compliance with all relevant regulatory requirements and internal risk policies;
• Trading & Optimization: Execute power procurement and trading strategies within the portfolio. Collaborate with the retail and flex trading desk to execute hedging and optimization strategies;
• Commercial & Customer Focus: Collaborate with Commercial leads and marketing teams to understand customer demand support in developing tailored supply solutions. Provide insights and analysis to support pricing decisions for retail power contracts. Monitor portfolio performance and provide regular reports to management, including key performance indicators (KPIs);
• Regulatory & Compliance: Stay informed about regulatory developments and changes in European power markets (e.g., REMIT, EMIR, etc.). Ensure compliance with all relevant regulations and internal policies. Work with legal and compliance teams to address regulatory matters;
• Teamwork & Communication: Collaborate effectively with cross-functional teams, including retail and flex trading, commercial teams, and finance. Communicate effectively with stakeholders at all levels of the organization. Provide training and guidance to members of the team.

What we're looking for

Portfolio Management experience

• Minimum 5 years of experience in power portfolio management or energy trading within the European energy market;
• Proven experience in developing and executing portfolio strategies, including hedging and optimization techniques;
• Strong understanding of European power markets, including market structures, regulatory frameworks (e.g., REMIT, EMIR), and trading conventions;
• Experience working with retail power portfolios is highly desirable.

Technical Skills

• Proficiency in power market modeling and analysis, with strong analytical and quantitative skills;
• Expertise in risk management methodologies (e.g., VaR, stress testing). Strong knowledge of power trading platforms and market data providers;
• Proficiency in Microsoft Excel, and experience with other relevant software (e.g., Python, R, other data analysis tools) is desirable;
• Bachelor's or Master's degree in a relevant field, such as Energy Engineering, Finance/Economics, Mathematics or related quantitative field.

Interpersonal Skills

• Excellent communication and interpersonal skills, with ability to work independently as well as part of a team;
• Strong problem-solving and decision-making abilities, with the ability to manage multiple priorities and meet deadlines;
• Strong attention to detail and accuracy;
• Fluency in English is required, and fluency in another European language (e.g., German) is highly desirable.