ESB Overview
ESB is a purpose-led company that strives to create a brighter future for its customers and communities. The company operates one of the most progressive electricity systems in the world, spanning various activities including electricity generation, transmission, distribution, and supply across Ireland, Northern Ireland, Great Britain, and an international energy consulting business.
With nearly 8,000 employees, ESB invested €1 billion in infrastructure last year, contributed over €2 billion to the economies it operates in, and distributed over €2 million across various community initiatives. This requires bringing together the best capabilities to deliver innovative and value-driven solutions that enable customers to live low-carbon lives.
ESB aims to foster an effective and inclusive culture where people engage, challenge, and feel connected to their purpose, colleagues, customers, and community.
Job Description
This is an exciting and challenging opportunity to lead a dynamic, commercial, and customer-focused team. The role is key in managing the trading and risk activities of the ESB Customer Solutions business, primarily the Electric Ireland and So Energy businesses. The Trading Risk team works closely with the Pricing & Trading team to ensure that the trading strategies implemented across Electric Ireland and So Energy are effective for the business and operate properly to deliver strong business performance and cost-effective customer solutions.
The successful candidate will lead a small professional team that partners effectively with the business and plays a key role in ensuring that the ESB Customer Solutions business has a robust governance and control framework for its trading activities.
Key Responsibilities
1. Trading Oversight – responsible for monitoring all trading activities, managing trading positions, acting in accordance with approved trading strategies, and relevant risk controls & limits within Electric Ireland and So Energy.
2. Governance Reporting - play a lead role in supporting all aspects of trading's governance arrangements, including coordinating all oversight committees.
3. Reporting – lead the provision of all required reporting on trading activities, including trading exposures, hedging positions, counterparty positions, and credit limits.
4. Provide baseline energy costs analysis to estimate the expected value of Electric Ireland's trading electricity and gas portfolios.
5. Hedging Support – coordinate with the Pricing & Trading teams to develop and implement hedging strategies to deliver margin expectations and appropriate risk management within Electric Ireland and So Energy.
6. New Product Support – support the business in new product development, evaluating trading and hedging strategies to ensure risks are sufficiently managed and premiums applied as appropriate.
7. Support organisational change initiatives and projects.
8. Team Leadership – provide guidance and support to the team in supporting the business, including formulating market views and appropriate trading responses.
Experience and Qualifications
1. Relevant degree-level qualification.
2. A minimum of 7-10 years of relevant experience in risk, trading, governance, or similar areas.
Desirable
1. A commercial mindset
2. Strong interpersonal, communication, and influencing skills.
3. An ability to act independently
4. Strong knowledge of the Irish energy market
5. Some knowledge of the GB energy market
6. A clear understanding of key governance principles and risk management practices
7. Knowledge of trading practices and systems would be an advantage.
Location
This position will be based in Dublin.
ESB is committed to smart working, combining digital tools with a culture of trust and empowerment to enable flexible ways of working. The successful candidate may work flexibly within their jurisdiction with attendance at the workplace for in-person collaboration on at least two anchor days per week. All smart working arrangements are subject to manager approval and ongoing review, based on the operational requirements of the role, the team, and the individual.
Reporting To
Financial Controller, Customer Solutions
Why Work with Us?
1. Opportunity to lead Ireland's transition to a net-zero carbon future
2. Progressive, hybrid working model
3. Career development through mentoring and training
4. Corporate Social Responsibility Opportunities
5. Sports and Social Clubs
6. Networking opportunities
7. Credit Union
8. Generous Pension
9. Access to staff well-being programmes
10. Generous parental leave entitlements
11. Strong values-based and inclusive culture
12. Strong commitment to diversity, equity, and inclusion
13. Great team environment working to our Core Values: Courageous, Caring, Driven, and Trusted
Closing Date
Not applicable