Trading & Portfolio Management Division / Portfolio Management Section
Reports to: Head of Division, Trading & Portfolio Management

You will be responsible for managing Senoko’s portfolio of assets, comprising of generation capacity, gas contracts, electricity sales contracts and financial hedges to achieve optimum financial performance.

Your role:

1. Manage Senoko’s portfolio position
   
   
   • Maintain a central record of Senoko’s portfolio positions. Namely, gas contracts, generation capabilities, electricity sales, electricity futures positions and financial hedges
   • Monitor the total contract position versus generation forecasts, hedge cover ratios, gas take-or-pay coverage and identify opportunities and risks
   • Develop and recommend strategies for optimising Senoko’s contract position as a way of enhancing gross margins, with specific reference to retail targets, timing of retail contract build-up and CFD opportunities
   • Seek approval to execute CFD with external Generation companies or Retailers and prepare evaluation of deal performance
   • Liaise with the retail team on large contracts and make recommendations on contract proposals
   • Assist RMO to develop and implement energy market risk management framework, policies and strategy with specific reference to hedge cover ratios, fuel hedging strategies, exposures and mark to market
   • Coordinate energy market activities and information
     
     
2. Develop and execute hedging strategies
   
   
   • Prepare robust forecasts of physical and financial fuel hedge requirements and/or exposures
   • Prepare and execute fuel, electricity futures and FX hedge strategies to manage portfolio risk exposures
   • Keep abreast with fuel supply and demand fundamentals, global/regional geo-political developments and market dynamics
   • Ensure deal execution is in compliance with internal risk controls
     
     
3. Retail pricing
   
   
   • Develop and maintain the transfer pricing methodology for transactions between the TPM and Retail divisions
   • Be aware of developments in the energy market that could influence retail pricing
   • Quantify and assess the impact of risk premiums on retail contracts
   • Contribute to product innovation and design by calculating risk reward payoff for potential new product launches
     
     
4. Governance and Policy compliance
   
   
   • Prepare, implement and improve procedures
   • Monitor and report compliance
   • Participate in internal and external control processes
   • Lead preparation of Portfolio Management’s submissions to the Hedge Committee and Risk Committee, and make specific recommendations on contract levels and retail price targets
   • Ensure that the Hedge Committee conducts its business efficiently
   • Be aware of regulatory developments and impact on the portfolio 

Your profile:

• University degree in Finance/ Economics/ Engineering or equivalent from a recognized University.
• Minimum 8 years of professional experience in energy markets, portfolio and/or risk management
• Preference for experience in liberalised wholesale electricity and gas market environments
• Understand financial risks associated with physical and/or physical portfolio of assets, sales contracts and hedges.

Attributes:

• An organised and analytical personality with both qualitative and quantitative skills.
• A results-oriented team leader with excellent social and communication skills.