(Senior) Power Trader
At Northpool, we are continuously expanding our proprietary trading activities in the European energy markets. We are looking for an experienced (Senior) Power Trader to strengthen our short to mid-term power trading activities in Leiden.
In this role, you will trade power products (focusing on days, weeks, and months), identify market opportunities, and develop profitable trading strategies. Your main market is CWE. You will combine your understanding of European electricity markets with quantitative analysis, weather insight, and disciplined risk management.
GRASP THE OPPORTUNITY
Do you have experience in power trading and a strong understanding of European electricity markets? Are you passionate about trading, comfortable taking calculated risks, and confident in making independent trading decisions? Do you enjoy analysing complex market dynamics and turning your insights into profitable trading strategies?
As a Power Trader, you will mainly be trading power futures, location spreads, producer spreads, capacities and potentially options. You will analyse market developments, evaluate price movements across the forward curve, and identify opportunities arising from changes in supply and demand, weather developments, market fundamentals, and cross-commodity relationships.
We are looking for someone who combines strong analytical and quantitative skills with a commercial mindset. You understand how fundamental factors, including the weather, influence electricity prices, and know how to translate market insights into trading decisions.
What we ask
- Medior candidates should have at least 3 years of relevant experience in power trading, energy derivatives, or proprietary commodity trading, while Senior candidates should have at least 5 years of relevant experience and a proven track record of profitable trading that they can discuss openly
- A strong understanding of European electricity markets, in particular CWE, and their fundamental price drivers and cross-commodity relationships
- Experience in developing, executing and managing trading strategies, with responsibility for positions, market exposure and P&L
- Knowledge of derivatives, including futures and forwards, and their pricing mechanisms
- Knowledge of meteorology and an understanding of weather models, and the ability to translate weather forecasts (wind, solar, temperature, hydro) into price expectations
- Excellent analytical and quantitative skills, shown by an MSc in a quantitative field (Econometrics, Mathematics, Physics, Finance, Engineering or similar) or equivalent experience
- A strong understanding of risk management and the ability to assess risk versus reward
- The ability to form independent market opinions and translate them into trading decisions under pressure
- Strong communication skills and a collaborative mindset
- An ambitious, responsible, and self-sufficient working mentality de
What we like
- Experience in the Nordic, Southern, or Eastern European power markets
- Understanding and experience with options, volatility, and spreads
- Experience with quantitative trading models and programming languages such as Python
- An interest in applying AI and advanced analytical tools to trading strategies
- A competitive mindset and a strong desire to continuously improve
- The ability to adapt quickly to changing market conditions
- A social personality who enjoys sharing ideas and working in a team
- For senior candidates: experience mentoring colleagues and contributing to the development of the trading desk
What we offer
- Ownership in your work and the opportunity to make independent trading decisions
- The opportunity to contribute to the growth and development of our power trading activities
- Training, continuous learning, and development opportunities
- Competitive compensation package
- Annual performance-based bonus
- A non-hierarchical workplace
- Highly motivated teammates
- A career in trading with opportunities for professional growth and a steep learning curve
- A dynamic work environment where no two days are the same
- Plenty of social events!
Location: The position is based at our office in Leiden, and remote work is not possible for the (Senior) Trader Power.
Acquisition based on this vacancy is not appreciated.
Apply for this vacancy
Do you want to apply for this position?
Please submit your CV and motivation letter, or contact us at +31 (0)88 2400 300.
We will respond to your application within two weeks.