Counterparty Process Owner

Fortum has large scale power production, physical optimization and trading activities, mainly in Europe. The business functions (mainly Trading and Asset Optimization) optimise the price for electricity production and consumption and hedge earnings from operations, with commodity derivatives far into the future. We trade in several commodity exchanges such as Nasdaq Commodities and ICE, as well as in physical electricity markets such as Nord Pool. Hence, an in-depth understanding of the electricity business as well as relevant market knowledge are essential responsibilities for the business as well as the supporting, controlling and risk management functions in this area.  

About the role
We are looking for a "Counterparty Process Owner" to join our team. As bilateral trading activities are growing, we are looking for a colleague to steer and manage the counterparty processes. This role will focus on the entire counterparty lifecycle, in order to ensure smooth processes, compliance and sound counterparty risk management. Developing the counterparty processes even further enables sustainable growth and more scalability in the area. Our team is part of a larger risk organization, which is responsible for Fortum’s risk management in general.
This position can be either located in Stockholm, Sweden or Espoo, Finland.

As our new "Counterparty Process Owner" you:

• act responsibile for our counterparty process at an overall level 
• have profound knowledge of how the counterparty processes interlink with different risks, operational aspects, as well as business needs and compliance
• maintain and steer counterparty contracts and internal service level agreements, together with your colleagues in the legal department and other functions
• conduct KYC checks and ensure regulatory compliance in all processes
• are a key person in ensuring that the exchange-related risks are sufficiently managed and are knowledgeable about terms and processes at all times
• maintain counterparty data  and ensure data quality is met
• further develop Fortum’s counterparty processes and documentation

Why Fortum?
Fortum  provides you the driving seat position in energy market risk management operation in the leading energy trading company in Northern Europe. We offer you the opportunity to work in a collaborative team and you are able to improve your understanding of the electricity and commodity markets, with special focus on the counterparty processes and risks. You will cooperate especially with your skilled colleagues in Fortum’s Corporate Risk function and Generation division’s front office and the support functions as well as the legal and compliance departments. With us, you can take an active role in driving the change for a cleaner world. To reach our goals, we embrace a culture of openness. With mutual trust, believing in people, and taking care of everyone's wellbeing, can we reach even better results. Flexibility is the new normal and we apply hybrid way of working wherever possible. For you, working at Fortum means exciting opportunities to develop your expertise and create a unique career path. We will support you on this journey. We believe diversity and inclusion inspire all of us to innovate and grow together. Therefore, we are committed to building teams where everyone feels included and is treated equally.

Your qualifications 

• Five or more years of experience in a similar position, e.g. in the commodity markets or in banking
• Bachelor or Master’s degree e.g. in Economics, Finance or Business
• Fluency in written and spoken English. Fluency in Nordic languages, Russian or German are seen as an advantage
• Knowledge of Power BI and CRM system(s) are beneficial
• Ability to work in a structured and analytical manner, with attention to detail
• Experience in managing several projects and interaction with internal and external stakeholders
• Good prioritization skills under pressure
• Ability to contribute to a great team spirit with your communicative and collaborative skills

Finland: To be selected for the position, the applicant must go through background clearance and health examination including drug testing.
Sweden: For contact with Swedish union representatives in Fortum, please call +46 8 671 70 00. 
Fortums Akademiker: Per Kenttä
Unionen: Birgitta Henriksson, Torbjörn Graf 

Interested?
Submit your application with salary indication by September 30th at the latest. For more information, please contact Päivi Oinonen, Manager of Counterparty Risk Process team, +358505756962, [email protected].

For this recruitment we are working togheter with Clevry, you can reach the recruiter at [email protected].