Head of Group Market Risk

Octopus Energy

3800

London, UK, USA

Posted on: 2024-09-05

Category: energy

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Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

We're on a mission to make a big green dent in the universe by building a truly sustainable energy system globally.

That means making power greener, smarter, and more affordable for everyone.

We put customers at the heart of everything we do: with always-fair prices, transparency and outrageous customer service.

We drive system change: with transformative tech to make renewable energy the norm and end global reliance on fossil fuels.

Octopus Energy Group is made up of 10 businesses spanning 6 countries across 3 continents, including: Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles, and the Octopus Centre for Net Zero. More on OEG @ octopusenergy.group

As we expand in the UK and Globally, we're looking for an innovative Head of Market Risk. This is a key leadership role within our Energy Markets team and the scope will cover all of Octopus' current and future international supply businesses.

We have ambitious growth plans and look to the Risk team, working closely with our international businesses, to agree appropriate trading approaches ensuring risk is understood and managed as conditions evolve. The ideal candidate will be creative, acting as a facilitator rather than looking to police positions. At Octopus, we hire great people who can move quickly across a complex business. Being able to thrive in a fast-paced environment is super important for this role.

You will be directly supported by a small but very talented team. And within the wider team you will work with a number of developers, engineers and analysts to build and improve tools.

Some international travel will be required.

What you'll do...

Work with our supply entities in all countries to understand market conditions and agree appropriate risk approaches

Write and develop Group and country specific Market Risk Policies, consulting local traders and management

Design analysis and visualisations that collate country specific risk positions into a single, clear Group view, with delivery supported by the engineering team

Pull together Group view on weather risk and look to originate and execute positions to manage this risk

Work closely with local trading management to originate appropriate wholesale deals

Think about how asset and consumer flexibility can be used as risk management tools

Generate explanatory materials for a range of senior stakeholders, up to and including Octopus Energy Group board

Scope covers market risk generated by wholesale gas, power and certificates

What you'll need...

Strong numerical ability and understanding of risk

Energy market experience beneficial but not essential

Similarly, basic Python knowledge will be beneficial but not vital

The ability to operate independently in a fast-paced environment while managing multiple projects

Interpersonal skills that enable you to effectively form trusted relationships with business unit management teams but at the same time retain an ability to challenge with empathy and understanding. Excellent communication and listening skills will be core to this

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 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

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