Battery Trader (Long‑Term Risk Management)

Battery Trader (Long‑Term Risk Management)

Alpiq Group

Lausanne or Olten, Switzerland

Your responsibilities

• Own the long‑term BESS risk book: identify, quantify and manage structural risks arising from merchant revenues, ancillary services, degradation and contractual features (e.g., tolling floors/caps, indexation, availability regimes).Design and execute hedging strategies across European power markets (and cross‑commodity where relevant) to stabilise cashflows and protect downside while preserving upside from flexibility.
• Support the pricing and structuring of long‑dated battery exposures.
• Trade options/structures to manage optionality embedded in BESS operations and contracts.
• Partner closely with Origination/BD, Intraday/Asset Trading, Analytics/Quants, Risk, Legal and IT/Algo to ensure pricing, booking and risk monitoring reflect reality end‑to‑end.
• Contribute to model specifications, stress tests and risk governance; propose limits/KRIs and help refine P&L and exposure reporting for batteries.
• Maintain market & regulatory awareness across European reserve/flexibility products (FCR/aFRR/tertiary), capacity mechanisms and balancing rules, and translate impacts into trading/hedging actions, in line with the other teams trading these products.

Your profile

• 5+ years’ experience trading European energy (power/gas) with a demonstrable track record of risk management and P&L delivery.
• Strong foundation in Financial Theory/Asset Pricing (e.g., stochastic processes, options/real‑options, term‑structure modelling).
• Experience in Power Intraday markets and Ancillary Services.
• Hands‑on battery pricing/trading exposure.
• Commodity options/structured products trading experience.
• Fluency in English; additional European languages a plus.
• Availability to work onsite in Lausanne or Olten.