Head of Trading

Company Background Viridian Group is the leading independent energy company in the all-Ireland market. With an annual turnover of circa €2 Billion and employing over 650 staff across Northern Ireland and the Republic of Ireland, the Viridian Group is one of Ireland's Top 50 Businesses. The Group comprises of Power NI, Power NI Power Procurement Business and the Energia Group of Supply, Generation and Renewables companies. As a Great Place to Work and one of Ireland's top 20 Best Large Employers, our people are at the heart of our business.  We offer competitive reward packages, an extensive Health & Wellbeing programme and support for your ongoing learning and development. We offer a fantastic working environment built around high-performing teams with the scope to build your career and take on new challenges. Purpose of the Role The Head of Trading is a new role reporting to the Director of Trading & Regulation with Energia Group.  This key strategic role will be responsible for leading the trading and risk management of energy and related products. The role will be responsible for trading Energia's thermal, renewable, CO2 and gas portfolios across the island of Ireland as well as trading in connected gas and power markets to enable portfolio optimisation. Whilst the nature of the role will develop as the Trading function evolves under I-SEM, the position will also have responsibility for the pricing of all of Energia's retail contracts in the commercial and domestic markets throughout the island of Ireland and production of regular gross margin forecasts.  The role will work closely with senior stakeholders across the business to ensure the Trading strategy aligns with the overall company objectives.  The position will also be responsible for the relationship with Energia's and Viridian's risk governance forums. The successful candidate will manage a high performing team within the four functions of the Trading department (Front Office, Middle Office, Pricing and Market Forecasting & Analysis). Being able to demonstrate passion, creativity, self-assurance and integrity are core elements of this challenging role. Key Responsibilities Effectively manage the functional areas of the Trading team through the significant change needed for I-SEM implementation. Coach, develop and motivate a high performing team to ensure individual and team objectives are met with an emphasis on operational excellence and innovative trading. Chair the daily I-SEM Trading Strategy meeting and develop appropriate governance arrangements around this key meeting. Manage the continual development of strategies and processes to optimise Energia's positions in the I-SEM energy and capacity markets. Identify key areas of risk and opportunity within the trading environment and deliver appropriate strategies in key strategic areas including those for gas transportation, retail pricing and hedging. Be the Trading team expert and owner of the Risk Governance Framework ensuring appropriate policies, procedures and reports are put in place and maintained by the appropriate managers within Trading. Build and maintain excellent working relationships with key internal and external stakeholders to collaboratively deliver overall business objectives and support wider company strategic projects and initiatives. Ensure compliance with all regulatory policies and codes across the relevant markets through a set of robust internal monitoring processes. Provide management information, reporting and insights for company boards. Assist in analysing development and business acquisition opportunities. Person Specification Vacancy: Head of Trading                            Vacancy Ref: VHEADTRAD ESSENTIAL DESIRABLE Knowledge and Experience A degree qualification in a discipline with significant numerical and/or analytical content. Extensive experience in a management position within the energy industry, including experience of interacting with Senior Management level and above. People management experience including leading, motivating, coaching and developing teams. Experience of leading and implementing strategic change. Experience of delivering innovative continuous improvement initiatives. Detailed knowledge of current and future all island energy markets and trends at both a wholesale and retail level. Experience in developing and implementing trading strategies in multiple markets. Knowledge of GB energy markets. An in depth knowledge of key industry documents (Gas Network Code, TSC, SEMOpx Rules & Procedures, CMC, BMPCoP etc.). Competencies Takes Ownership Takes personal responsibility for their own performance and delivery of key objectives and strategic recommendations.  Champions continuous improvement and inspires others to deliver whilst balancing risk, business competitiveness and customer satisfaction. Communication Makes effective use of both formal and informal communication channels to keep team members up to date, ensuring they can respond to changing priorities in a timely manner. Professional Integrity Leads by example - inspires and motivates others to do the right thing and demonstrates the company values.  Seen as trustworthy.  Creates an environment that deals openly, honestly and fairly with feedback and conflict. People and Team Development Demonstrates inspirational leadership that motivates and engages others. Leads and develops high performing teams where everyone feels valued and contributes to the continued success of the organisation. Acts as a role model; inspires people to act and improve. Judgement/Decision Making Copes well with uncertainty and provides clarity and direction to others combined with effective decision making in both the short term and long term. Drive for Results Translates strategy into action and drives tenaciously and innovatively for outstanding results. Displays creativity in avoiding problems, reacting quickly and decisively to deal with risks and opportunities. Values The successful candidate will have the capability to demonstrate and promote the Energia Company Values of Trust, Challenging, Resourceful and Expert in their role. Additional requirements The job requires a considerable degree of commitment, flexibility and adaptability on the part of the job holders to meet quality standards and work deadlines. The individuals must have the ability to think creatively, to innovate and resolve problems. How to Apply Please email your CV careers @viridiangroup.co.uk  to arrive by Wednesday December 20 th 2017, quoting ‘VHEADTRAD' in the subject line.  Please ensure that your application demonstrates how you meet the criteria outlined above. The selection process may require testing, and require the candidate to present on and/or prepare a written report on a relevant subject or subjects that will be communicated to them a minimum of 5 working days prior to the interview. Interviews for this role are expected to take place in week commencing January 15 th 2018. All correspondence will be communicated via email.  A reserve list will be held for 6 months in which you will be placed if you are suitable for the role.