Energy Trading Manager

Energy Trading Manager – Warwick, hybrid - £70,000-£74,000 + benefits

National Gas is securing Britain’s energy.

Gas is an essential part of a secure energy supply in Britain and will continue to play a vital role in the energy system for decades to come. More than ever, we need the security that gas brings to keep the lights on, businesses running, and homes warm.  National Gas provides that security.

As Energy Trading Manager for Shrinkage and Emissions, you will provide and manage National Gas’s commercial and incentive framework for shrinkage and emissions management, to ensure operations are compliant with obligations and to optimise performance and value for consumers.

Join us, and help be the energy behind the change.

About the role:

As the Energy Trading Manager within a regulated business and with the support of your team of 6, you will, on behalf of National Gas procure Gas and Electricity via the wholesale gas market and electricity supply contracts in order to meet the energy requirements of the compressor fleet and network system losses (Shrinkage) whilst managing the associated National Gas GB Emission Trading Scheme position.

The role affords the responsibility of both the front and middle office elements of trading together with aspects of back office compliance.  You will have an operational track record in developing commercial arrangements and driving both financial and team performance with a strong focus on compliance and a broad understanding of the energy markets market fundamentals.

You will provide efficient and robust management of the shrinkage trading, managing circa £100M to £700m p.a of purchases to ensure obligations are met. You will optimise shrinkage value for customers and ensure the necessary compliance with internal processes, financial governance, legislative requirements and trader authorisation.

You will direct the middle office and lead on the development and implementation of innovative strategies to optimise the forward energy procurement and emission compliance requirements, whilst applying appropriate risk management.

You will help influence and develop the UK regulatory obligations whilst ensuring that we comply with these critical obligations, you will do this through the definition and implementation of appropriate back office operational processes, identification of functional requirements to be delivered through IT system tools and feed into gas market changes as required.

You will build relationships with customers and service providers to enable National Gas to procure services to facilitate optimal shrinkage and emission trading. You will direct the development and implementation of new revenue opportunities and be accountable to manage and influence internal and external stakeholders to secure appropriate changes to the regime.

About you:

• Knowledge of the gas transmission business, its role in the wider gas industry and how Shrinkage and Emissions link into this.
• Knowledge of the associated statutory and commercial obligations under which the gas transmission business operates
• Knowledge of the commercial (primarily the GT Licence and Uniform Network Code) and incentive regime associated with gas transmission (specifically the System Operator elements)
• Experience of commercial contracting and gas trading arrangements
• Experience of working with customers and stakeholders in both a commercial and operational environment

• Knowledge of financial governance arrangements within National Gas
• Knowledge of and interest in the fundamentals at play in the energy and commodity markets
• Team management and development experience

What we can offer you:

• Salary £70,000-£74,000 DOE
• Performance bonus of up to 15%
• 28 days’ holiday plus 8 statutory holidays – plus option to buy 5 additional days
• Double-match pension - for every £1 you put in, we add £2
• Opt-In flexible benefit scheme, including salary sacrifice private healthcare, dental insurance, technology plans and more
• Financial protection with 10x salary death in service and financial support if you're unable to work due to long term illness or injury
• Excellent family friendly provisions - maternity/paternity/adoption/surrogacy/ shared parental leave
• Employee assistance programme offering free confidential professional counselling 24/7
• Financial support to cover the cost of relevant professional membership subscriptions
• Appreciate scheme and retail offers.

Other 'nice to knows':

• Hybrid working – flexible working arrangements, 2-3 days per week in our Warwick office
• Career progression and ongoing professional training and development
• Free gym and exercise classes onsite at our Warwick office, sports clubs to join
• Canteen and coffee shop onsite
• Free parking

About us:

National Gas are responsible for transporting gas to power stations, major industries, storage facilities, and more than half a million businesses and 24 million homes through nearly 5,000 miles of pipes across Britain. National Gas is also proud to lead the way in transforming the energy network for a clean energy future.

Gas provides the energy security to support renewable electricity generation, and we are developing our infrastructure to transport hydrogen and carbon dioxide across the country. We are Britain’s national gas network, providing secure energy to power the country, achieve net zero and maintain our industrial competitiveness.

At National Gas, we’re committed to building a workforce that reflects the communities that we serve. We celebrate the different experiences our colleagues bring and encourage applicants of all backgrounds to apply. To that end we want to support you during the interview process, please advise your recruitment partner if you require any reasonable adjustments.

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