Application Guide

How to Apply for Portfolio Structured Trader

at Statkraft

🏢 About Statkraft

Statkraft is Europe's largest generator of renewable energy, exclusively focused on hydropower, wind, solar, and district heating. As a state-owned Norwegian company, it combines commercial drive with a strong sustainability mission, offering a unique opportunity to work at the forefront of the green energy transition.

About This Role

This role sits on the UK Power desk within the Portfolio Management team, focusing on originating, pricing, and executing structured deals (e.g., battery storage, wind, solar, peakers) to manage complex risks. You'll work closely with traders and quants to develop hedging strategies and enhance trading tools, directly impacting the profitability and risk profile of Statkraft's renewable portfolio.

💡 A Day in the Life

A typical day might start with reviewing overnight market moves and positions, then pricing a new structured deal for a battery storage project, collaborating with quants to refine a pricing model. Afternoon involves executing hedges for the portfolio, discussing risk with traders, and presenting a new product proposal to the team.

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Interview Prep

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🎯 Who Statkraft Is Looking For

  • Experienced trader or structured originator with a strong quantitative background, ideally in power or commodities markets.
  • Proven ability to price and structure complex deals (vBESS, vWind, vSolar, vPeakers) and assess risk-return trade-offs.
  • Proficient in programming (Python, SQL) to collaborate with quants on tool development and data analysis.
  • Excellent communication and problem-solving skills to work within a fast-paced, high-performing team and devise hedging strategies.

📝 Tips for Applying to Statkraft

1

Highlight specific experience with structured deals in UK power markets, especially battery storage and renewable PPAs, using concrete examples of deals you originated or priced.

2

Showcase your quantitative skills by mentioning any models or tools you've built for pricing or risk management, and be ready to discuss your technical proficiency in Python.

3

Tailor your CV to emphasize trading or origination roles in energy or commodities, and quantify your impact (e.g., P&L contribution, risk reduction).

4

In your cover letter, explicitly connect your experience to Statkraft's renewable focus and the UK Power desk's portfolio management approach.

5

Research Statkraft's recent projects and market position in the UK, and mention how your skills align with their growth in flexible assets like BESS.

✉️ What to Emphasize in Your Cover Letter

['Emphasize your experience with structured products in power markets, particularly vBESS, vWind, or vSolar, and your ability to execute deals through new product processes.', 'Demonstrate your quantitative capabilities and collaboration with quants, e.g., developing pricing models or trading tools.', "Show your understanding of Statkraft's unique position as a renewable energy leader and how this role contributes to managing their portfolio risks.", 'Highlight your proactive problem-solving and ability to work in a high-performing team, with examples of adding value through trading strategies.']

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🔍 Research Before Applying

To stand out, make sure you've researched:

  • → Study Statkraft's UK portfolio, including their wind, solar, and battery storage assets, and recent acquisitions or projects.
  • → Understand the UK power market structure, including CfDs, ROCs, and the role of flexibility assets like BESS in balancing.
  • → Review Statkraft's corporate strategy and sustainability reports to grasp their long-term vision and how this role fits.
  • → Look into the team's trading tools and systems (e.g., any proprietary software) to show technical alignment.

💬 Prepare for These Interview Topics

Based on this role, you may be asked about:

1 Walk us through how you would price a 10-year vBESS deal, including key assumptions and risk factors.
2 Describe a complex structured deal you originated or executed. What was the risk-return profile and how did you hedge it?
3 How would you devise a hedging strategy for a portfolio of wind and solar assets? Consider volume and price risks.
4 Explain a time you collaborated with quants to develop a tool or model. What was the outcome?
5 What do you know about Statkraft's UK portfolio and how do you see the role evolving with the energy transition?
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⚠️ Common Mistakes to Avoid

  • Failing to demonstrate specific experience with structured power deals; avoid generic trading experience without relevant examples.
  • Overlooking the quantitative aspect; don't just list trading experience without mentioning programming or model development.
  • Not tailoring your application to Statkraft's renewable focus; avoid a generic energy trader resume without linking to green energy.

📅 Application Timeline

This position is open until filled. However, we recommend applying as soon as possible as roles at mission-driven organizations tend to fill quickly.

Typical hiring timeline:

1

Application Review

1-2 weeks

2

Initial Screening

Phone call or written assessment

3

Interviews

1-2 rounds, usually virtual

✓

Offer

Congratulations!

Ready to Apply?

Good luck with your application to Statkraft!

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