Trading Manager

Job summary

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Would you like to use your energy trading knowledge for public good and become part of the expert team within Crown Commercial Service (CCS) managing one of the biggest portfolios outside the industry itself? Come and help us manage our multi billion-pound commodity exposure for the central government and wider public sector.

Job Summary

You and your team of traders will be hedging ~£1.5bn/annum power and gas commodity exposure for our Central Government and Wider Public Sector customers. Keeping energy costs down for our customers frees up money to be used to deliver vital services to the public. You will be part of a team who is helping our customers transition to net zero and help achieve the UK’s climate ambitions.

Directorate Overview

Commercial is the largest directorate in CCS and is responsible for the design, development, implementation and management of our commercial agreements, which are used by our customers across the public sector. We have delivered value to the public sector and helped our customers spend more than £34 billion through the agreements we create and enjoy more than £3.5 billion in commercial benefits annually through our agreements.

Category management sits at the heart of CCS. We use our in-depth knowledge and expertise of public sector suppliers, to create market and category strategies. These strategies are used within CCS to create market leading commercial agreements that help shape how common goods and services are bought across the public sector. Our skills are also used in carrying out commercial policy, development of new products and services and supplier relationship management.

Team Summary

The 8-person Trading team sits within the wider Energy team. Trading manages market exposure in line with agreed strategies. Trading is conducted for both aggregated portfolios and for individual organisations with considerable volume and bespoke needs. Trading also performs back-office functions to support trading activities.

Job description

Key Accountabilities:

• Lead and coach team members, manage performance to ensure a high-performing team, and support staff development through regular feedback

• Contribute to the ongoing development of the energy category and category strategies as a proactive leader within the energy senior management team

• Provide expert challenge and advice to Senior Traders and Risk team in management of CCS portfolio ensuring hedging in accordance with relevant risk strategies and controls

• Oversee and be responsible for the team’s delivery of all back office processes and report writing

• Lead on new product development for Trading products including integration of Power Purchase Agreements to hedging approach

• Be the go to expert for UK power and gas markets and related market drivers

• Be the go to expert on energy industry policy impacting CCS Trading and inputting on related energy industry policy engagement

• Contribute to the wider team understanding of market fundamentals and technical analysis and execute forward hedging strategies

• Lead on annual performance report reviewing team performance

• Lead on internal and external engagement with customers and suppliers including governance boards, customer and supplier events

Person specification

Essential Criteria (to be assessed at application stage):

• Energy trading experience

• Demonstrable understanding of the workings of European gas, power, carbon commodity markets and experience of modelling commodity markets/drivers.

• Proven understanding of energy policy and wholesale markets

• Proven ability to lead, motivate and develop individuals or teams

Desirable criteria:

• Experience of successfully transferring specialist knowledge to team members and customer groups

In the event of a high number of applications, the desirable criteria will be used as a second sift.

Behaviours

We'll assess you against these behaviours during the selection process:

• Leadership
• Communicating and Influencing
• Making Effective Decisions
• Seeing the Big Picture
• Delivering at Pace
• Managing a Quality Service

Technical skills

We'll assess you against these technical skills during the selection process:

• Trading and risk management knowledge and understanding of energy markets particularly UK power & gas
• Developing and/or delivering solutions for stakeholders

Benefits

Alongside your salary of £59,877, Crown Commercial Service contributes £17,346 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

What we will offer you, here are some of the benefits you can expect:

• Competitive salary

• Generous pension scheme

• A discretionary non-contractual performance related bonus

• Working remotely in addition to working in advertised office location

• Flexi time scheme (available for B1-B6)

• Minimum 25 days annual leave to a maximum service related 30 days excluding bank holidays

Explore fully how we will rewardyour work.

Want to make a difference? Find out more about the rewarding work that we do in our candidate pack.

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil ServiceD&I Strategy.

We want to make our recruitment process accessible to everyone, so if there is any way that we can support you, please contact recruitment@crowncommercial.gov.uk

Working flexibly, delivering outcomes

CCS is a flexible business with a smarter working model where our colleagues benefit from a mix of home and office working. Successful candidates are expected to work from one of the office locations listed. Our current office attendance approach requires a minimum of 26 days per quarter (approx 2 days per week, which may be subject to change) in CCS office locations or off site meetings with suppliers, customers, partners, networking / industry events. This is pro rata for those who work part time. Our smarter working principles mean that our people have the advantage of both office and offsite based collaboration and learning, as well as working from home. This way of working allows us to honour our commitment to being a responsible business, offer flexibility and better work life balance as well as ensuring we deliver our business with confidence and in accordance with our CCS values.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Technical skills.

Candidates who are successful at sift will be contacted as soon as possible following the closing date and advised of the interview process in more detail. The sift will commence on 26th January and interviews will be held WC 9th February either at one of our offices or via video with interview times and dates to be confirmed. (Subject to change)

To find out more about our recruitment process please click here

Please note: Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.

A reserve list may be held for up to 12 months, which the Civil Service may use to fill future suitably similar vacancies across government for candidates who are considered appointable following interview. Should you be placed on a reserve list and want to be removed please contact recruitment@crowncommercial.gov.uk.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : The Recruitment Team
• Email : recruitment@crowncommercial.gov.uk

Recruitment team

• Email : recruitment@crowncommercial.gov.uk

Further information

Our recruitment processes are underpinned by the principle of selection for appointment on merit on the basis of fair and open competition as outlined in the Civil Service Commissioners’ Recruitment Principles details of which can be found at http://civilservicecommission.independent.gov.uk
If you feel your application has not been treated in accordance with the Recruitment Principles, and you wish to make a complaint, you should contact recruitment@crowncommercial.gov.uk in the first instance.
If you remain unsatisfied with the response you receive you can then contact the Civil Service Commission at info@csc.gov.uk

https://www.crowncommercial.gov.uk/careers-with-ccs

Attachments

Crown Commercial Service candidate pack (Accessible version) Opens in new window (docx, 33kB)Crown Commercial Service Benefits Brochure Accessible version Opens in new window (docx, 29kB)