Assets Trader - Power & Gas (Europe)

Assets Trader - Power & Gas (Europe)

TotalEnergies

Geneva, Switzerland

The desk mission is to optimize a growing portfolio of flexible generation assets and procurement contracts across multiple European markets, in coordination with internal stakeholders and asset owners. This is achieved through active participation in power, gas and emissions markets, with the objective of maximizing value and supporting the development of the Company’s energy activities.

You will be part of a small, high-performing team, responsible for developing and implementing optimization strategies across short- and long-term horizons, in close interaction with Operations, Origination and other trading desks.

Activities

Market expertise

• Develop an in-depth understanding of European power markets, including market design, price formation, generation stack dynamics and across market segments;
• Maintain strong awareness of gas and emissions markets and their interactions with power;
• Monitor capacity mechanisms and ancillary services where relevant;
• Formulate and express market views to generate value beyond intrinsic asset optimisation, including discretionary positioning.

Asset expertise

• Build a detailed technical understanding of the asset portfolio;
• Determine optimal dispatch strategies considering operational constraints, costs and market conditions.

Modelling & tools

• Contribute to the development and continuous improvement of analytical and modelling tools;
• Support the digitalisation of workflows and real-time risk management capabilities;
• Work closely with Research, Digital and IT teams.

Trading strategy & execution

• Define and implement trading and hedging strategies aligned with market conditions and asset constraints;
• Execute trades across power, gas and emissions markets within defined mandates;
• Contribute to portfolio balancing, risk management and overall trading performance.

Commercial & cross-functional interaction

• Work with Origination and project teams to support new agreements and portfolio growth;
• Liaise with Operations and asset owners on short-term optimisation and dispatch decisions;
• Interact with diverse functions (Finance, Middle Office, Back Office, IT, Research) as required.

Compliance

• Ensure full compliance with internal policies and external regulations, including REMIT.

Accountabilities

• Operate within the Company’s trading governance and risk framework;
• Contribute to the performance of the desk, with both collective responsibility and individual impact;
• Ensure adherence to HSE rules, Code of Conduct and applicable regulations.

Candidate Profile

• Degree in Engineering, Finance or equivalent;
• 7+ years’ experience in European power trading;
• Strong knowledge and practical experience of:
  • Asset-backed trading and optimisation;
  • Power market organisation across several European countries;
  • Power market fundamentals, including generation stack dynamics;
  • Physical and financial trading instruments;
  • Risk management and trading regulations.
• Demonstrated ability to develop trading views and translate them into measurable performance;
• Strong affinity with quantitative tools and modelling approaches (e.g. dispatch models, optionality);
• Passionate aboutanalyticsand attention to detail;
• Ability to work autonomously and take initiative in a fast-paced environment;
• Strong communication and interpersonal skills;
• Fluent in English; additional European languages (for instance Italian and/or Dutch) are a plus.