TIAA
Power Hedging and Origination Manager
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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 Nuveen's 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
- Bachelor's 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
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Additional Information
This role requires Certified Staff - UK regulatory 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 to providing equal 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 need assistance with our online application process to provide an 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 world’s 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 economy.
Visit www.nuveen.com to learn more about us.
Our Culture of Impact
At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's 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.
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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 Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because 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:
- Phone: (800) 842-2755
- Email: accessibility.support@tiaa.org
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Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.
For Applicants of TIAA Global Capabilities, click here.
For Applicants of Nuveen residing in Europe and APAC, please click here.
Nondiscrimination & Equal Opportunity Employment
TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
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