Requisition ID: 3643
Location: Madrid, ES, 28042
Our Group is a global reference in low-carbon energy and services. Together with our 101,500 employees, our customers, partners, and stakeholders, we are committed to accelerating the transition to a carbon-neutral economy through reduced energy consumption and more environmentally friendly solutions. We are currently looking for a Portfolio Manager for our headquarters in Madrid.
Mission: Provide a sound and digital portfolio risk management for RES Power Plants in Iberia, from the long-term horizon to the realized production, servicing both internal and external clients in a very dynamic market environment.
Functions: Asset Representation: S-P computation and risk management. Model hydro, wind & solar assets in cooperation with Quants & Trading. Maintain a dynamic and up-to-date representation of those assets and their exposures in GEMS tools and systems. Show a realistic expected value of past and future revenues of these assets. Build production and S-P forecasts. Quantify the uncertainties and risks around this expected value and expected production. Drive the continued development of a flexible and scalable platform solution for assets portfolio risk management.
Client advisory on risk management: Advise clients on how to reduce risks and secure the expected market value. Help clients define a risk mandate and recommend potential hedging strategies/actions. Participate in energy management forums of clients, including senior management of internal clients and external 3rd party clients.
Hedge execution: Execute the hedging strategies decided by clients under the form of mandates. Enter into transactions with the Trading entities of the group.
Studies and portfolio monitoring: Conduct valuation and sensitivity studies on RES portfolios under management or during acquisition processes. Provide support for similar services to Thermal and Energy Solutions BUs. Follow commodity and energy regulation evolution to understand potential impacts on positions and revenues.
Minimum Requirements: Team player with excellent social skills and the ability to operate in a demanding environment. Keen communicator to share a common understanding with clients, power plant operators, grid operators, and GEMS colleagues. A structured and analytical personality with a hands-on and proactive attitude. Awareness of the cost-effectiveness, risks, and profitability needs of the business. Keen to help automate processes, willing to dive into details, and possess a constructive and pragmatic problem-solving mindset. Higher education, preferably a university degree in a quantitative area (IT, finance, engineering, mathematics, economics) or alternatively, appropriate on-field experience. Good written and verbal communication skills in English and Spanish. Some years of relevant experience. Any relevant experience in the energy industry or risk management will be appreciated but not required. Knowledge of GEMS deal capture systems (Energy Trade and Risk Management System) is a plus.
Competencies Required for the Job Position: Client centricity: communicate with clients, share strategy and results, challenge needs, and coordinate client requests.
Team player: foster good collaboration and communication within the team and with other teams.
Digital: continuously search for improvement and simplification of tools, processes, and methodologies.
Portfolio optimization mindset: develop a broad and comprehensive understanding of the portfolio and how it can be affected by changes in positions, market levels, or regulatory context.
ENGIE is the answer if... You are looking for a solid professional project with professional projection. You value being part of the first independent energy group in the world. You want to grow and develop within a dynamic and challenging company. You believe that your work, together with the efforts of the people who are part of the company, can and should have a positive impact on the environment. If you want to be part of an international group, able to offer a wide variety of jobs in a dynamic and promising sector, we are waiting for you!
Business Unit: GEMS
Legal Entity: ENGIE ESPAÑA, S.L.U.
Contract Type: Permanent
Professional Experience: Skilled (> 3 years)
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