Power Hedging and Origination Manager

Overview of the Role:

The role is within the Power Hedging & Origination team of Nuveen Infrastructure Clean Energy. With a portfolio continuously experiencing increased exposure to power markets and underlying risks Nuveen is looking to expand its capabilities in evaluating and managing energy risks with the ultimate objective of securing revenues. The role reports to the Head of Power Hedging & Origination and will be FCA regulated.

The successful candidate will have the opportunity to execute long and short-term hedges and structure the revenue management of Nuveens portfolio navigating amongst multiple renewable technologies (including BESS) in more than 10 power markets. The individual will be involved in originating and structuring Power Hedges managing relationships with key corporate and utility offtakers hedging environmental attributes negotiating Route-to-Market agreements as well as building a diversified energy portfolio from a risk perspective.

Key responsibilities:

• Originate structure and execute hedges for assets under management
• Manage reporting and quantitative tools (ETRM portfolio risk management)
• Support Investment Team with due diligence reviews on offtake structures
• Manage relationship with key offtakers and market access providers
• Participate in BESS revenue model definition and execution
• Negotiate Route-to-Market agreements for operational and to-be-built assets
• Build a diversified energy portfolio from a risk perspective
• Act as decision-maker with respect to assessing market conditions at the timing of execution of portfolio management decisions taken by the investment committee in relation to power price hedging
• Conduct all communication with counterparties when arranging hedges
• Receive and integrate knowledge transfer from subject matter experts
• Produce and disseminate power markets and renewable energy analytics

Qualifications & Experience Required

• Bachelors degree in Economics Finance Engineering or similar fields or an equivalent combination of experience and education.
• IMC or CFA qualification
• 5 years of renewable asset-backed trading or portfolio management at a utility bank fund or trading house
• Good knowledge of global power markets and embedded risks
• Experience in originating and structuring PPAs
• Fluency in at least one European language as well as English is an advantage

Competencies Required

• Very strong delivery and commercial mindset
• Highly analytical and strategic mindset
• Quantitative or data-driven background is a plus
• Ability to work in a fast-paced environment
• Interest in the renewable energy industry

Additional Information

This rolerequiresCertifiedStaff - UKregulatory designation and will require the person to have at least IMC or CFA qualifications.

This role is subject to regulatory oversight with respect to trading activities and market interactions. The role is based in London and is required to meet the regulatory substance requirements associated with operating the GAML/NIMIL power price hedging desk. The role holder must be an authorised person and where relevant will be required to chaperone colleagues based in unregulated entities whenever those colleagues need to meet or communicate with clients market participants or investors. All regulated activities including portfolio management decisions and communication with counterparties when arranging hedges are reserved to this role.

Nuveen is committed toprovidingequal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.

Nuveen offers support for those who needassistancewith our online application process toprovidean equal employment opportunity to all job seekers including individuals with disabilities.

Related Skills

Asset/Investment Modeling Clean Energy Acumen Collaboration Detail-Oriented Due Diligence Financial Analysis Infrastructure Investments Negotiation Prioritizes Effectively Problem Solving Stakeholder Engagement

Company Overview

Nuveen is a global investment leader managing public and private assets for clients around the world and on behalf of TIAA our parent company and one of the worlds largest institutional investors. We invest in the growth of businesses real estate infrastructure and natural capital providing clients with the reliability access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients our communities and our global to learn more about us.

Our Culture of Impact

At TIAA were on a mission to build on our 100 year legacy of delivering for our clients while evolving to meet tomorrows challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People Be Client Obsessed Lead with Integrity Own It and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveens entrepreneurial spirit where we work hard and work together to create lasting impact. Here every associate can grow through meaningful learning experiences and development pathwaysbecause when our people succeed our impact on clients lives grows stronger.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

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Required Experience:

Manager

Employment Type : Full-Time
Experience: years
Vacancy: 1