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Commodity Risk Specialist

Posted 15 May 2024
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Work experience
3 to 5 years
Full-time / part-time
Full-time
Job function
Degree level
Required languages
English (Fluent)
Dutch (Fluent)

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Why choose for Eneco?

The energy transition is in full swing and Eneco is leading the way. Our goal? To be fully climate-neutral by 2035. This applies to our own business activities, but also to the energy we supply to our customers. For example, we develop wind and solar farms ourselves, and we help customers take sustainable steps every day with smart products and good advice. Now that we are part of Mitsubishi Corporation (MC), our impact has increased and we are accelerating the transition. We can really use your expertise for this.

You will proactively contribute to the energy transition so that we can embrace a new world that is smarter, better, cleaner, more fun and more liveable. You do this by advising on the management of financial commodity risks that are related to (the development of) our green assets, purchasing-sales to the customer portfolio and trade activities. You are a sparring partner for the business and management. Together with the team (commodity and credit analysts), you work towards an optimal risk/return ratio for Eneco.

What you’ll do

As Commodity Risk Management Specialist, you provide advice on the mitigation of price and volume risks. You advise on (and approve) Eneco commodity contracts. This includes power purchase agreements, tolling agreements, wind/solar assets and customer deals. You will do this by developing commodity hedge proposals together with the Trade department and do risk assessments for business cases of new activities and products.

You will participate in the execution of periodic stress tests and sensitivity analyses for Eneco in the area of commodity risks. Your analytical and programming skills will enable you to keep the Financial Risk Management risk models up to date. In addition, you keep an eye on the mandates and limits and if necessary you escalate this to the Commodity Risk Team and CFO. You will participate in designing and setting up the commodity risk management policy and mandates for the various business units of Eneco.

The vacancy is open for candidates with varying experience from junior to senior. The advertised salaryrange is therefor accordingly.

Is this about you?

You work together as one team to deliver the plan. You create an atmosphere in where you can exchange insights and opinions with colleagues and take accountability for contributing to the common plan. In addition, the following is important:

• You have a relevant completed WO degree preferably in a quantitative field (e.g. Econometrics, Physics, Mathematics etc.). Knowledge of Matlab and/or Python is considered a plus;

• Knowledge of and experience with Financial Risk Management methods and techniques is a plus or a necessity depending on the level – junior, medior or senior – that the candidate applies for;

• You possess good analytical skills, you can quickly get to the root cause of the problem and are able to think along with solutions;

• You have a proactive and solution-oriented attitude. You can also cope well with change;

• In addition, you have good communication skills, are persuasive and are a team player.

You’ll be responsible for

• Reviewing/approving new contracts and business proposals, such as purchasing contracts or new customer propositions. You do this by participating in deal teams and such;

• You are the first point of contact for the Business Units for risk advice;

• You ensure that the activities are carried out within the mandate agreements. You keep the mandates up to date, so that the organization can develop further;

• You maintain and further develop the risk models within FRM;

• You review and/or validate the most important reports of Eneco Energy Trade.

This is where you’ll work

You will have a flexible workspace at our modern, bright headquarters in Rotterdam. You can get to your desk from the Rotterdam Alexander train station in just a few minutes. Although it might take a little longer if you chat with a colleague on the way. At Eneco we work hybrid. That means you'll be working partly from home.

You'll be joining the Financial Risk Management department, part of Eneco Finance & Risk. You'll work alongside nine smart, professional financial risk managers. Each of them is a well-educated specialist with a technical or financial background (economics, engineering, FRM, CFA), who work with the business to shape the energy transition through active risk management.

Do you feel at home among colleagues who are bursting with ambition, take good care of each other and want to go full speed ahead to achieve our climate objectives? Then you'll fit in at Eneco.

Eneco heeft als missie 'duurzame energie van iedereen'. Samen met onze klanten en partners versnellen we de energietransitie en zorgen we ervoor dat mensen zelf hun eigen duurzame energie kunnen opwekken, gebruiken, opslaan of delen. We lopen voorop in duurzaamheid en innovatie. Dat maakt het werken bij Eneco afwisselend en uitdagend.

Energy
Rotterdam
Active in 4 countries
3,000 employees
50% men - 50% women
Average age is 35 years