Join Alpiq as a Battery Trader
Alpiq is rapidly expanding its Battery Energy Storage Systems (BESS) portfolio across Europe, encompassing both our assets and third-party portfolios. We currently operate and market battery flexibility, ranging from wholesale to ancillary services, and we are poised for further growth. We are seeking a Battery Trader who will be responsible for owning and managing the long-term risks associated with BESS contracts and assets, stabilizing cash flows while retaining potential upside from flexibility. This position can be based in either Lausanne or Olten, Switzerland.
Your Responsibilities
- Own the long-term BESS risk book: identify, quantify, and manage structural risks arising from merchant revenues, ancillary services, degradation, and contractual features (e.g., tolling floors/caps, indexation, availability regimes).
- Design and execute hedging strategies across European power markets (and cross-commodity where relevant) to stabilize cash flows and protect against downside risks while preserving upside from flexibility.
- Support the pricing and structuring of long-dated battery exposures.
- Trade options/structures to manage optionality embedded in BESS operations and contracts.
- Collaborate closely with Origination/Business Development, Intraday/Asset Trading, Analytics/Quantitative Analysis, Risk, Legal, and IT/Algorithmic teams to ensure accurate pricing, booking, and risk monitoring.
- Contribute to model specifications, stress tests, and risk governance; propose limits and Key Risk Indicators (KRIs) while assisting in refining Profit & Loss and exposure reporting for batteries.
- Stay informed about market and regulatory developments across European reserve/flexibility products (FCR/aFRR/tertiary), capacity mechanisms, and balancing rules, translating these impacts into trading and hedging actions in coordination with relevant teams.
Your Profile
- 5+ years of experience in trading European energy (power/gas) with a proven track record in risk management and P&L delivery.
- A strong foundation in Financial Theory/Asset Pricing (e.g., stochastic processes, options/real-options, term-structure modeling).
- Experience in Power Intraday markets and Ancillary Services.
- Hands-on experience in battery pricing and trading.
- Familiarity with commodity options and structured products trading.
- Fluency in English; knowledge of additional European languages is a plus.
- Availability to work onsite in either Lausanne or Olten.
Apply online using the form below. Only applications matching the job profile will be considered.