Treasury at Danske Commodities
Danske Commodities (DC) is an energy trading company that specialises in short-term power and gas trading and offers balancing, optimisation and hedging services to energy producers and suppliers. Every day, we complete more than 8500 trades across 39 countries, constantly moving energy from where there is more than needed to where it is needed most. DC is a wholly-owned subsidiary to Norwegian energy company Equinor, operating under our own name and brand.
Treasury is part of DC’s Risk Management unit. We act as the in-house bank of DC, and our primary tasks are within liquidity, FX, cash flow and trade finance. On daily basis, we secure funding of our accounts and make sure that we always have the required trading lines with our counterparties in terms of cash deposit or bank guarantees. In addition, we hedge off our FX exposure and conduct short-term as well as long-term cash flow forecasts.
Join a skilled and collaborative team always seeking to optimise and improve
The Treasury team works closely together with Credit Risk as there are several synergies between the two teams, and there can therefore be tasks both within Treasury and Credit Risk. Besides this, we collaborate with the rest of Risk Management as well as our traders and several back office teams, meaning the position has many stakeholders and a broad exposure. In our team, we have an innate focus on being the best at what we do, and we constantly seek to challenge standard practices to make sure we are on top of the newest knowledge.
Thorough introduction leading to faster contribution
Starting out, you will get a thorough introduction to the team, our daily tasks and our important role at DC. Step by step, you will be assigned more areas of responsibility, which will give you a broad understanding of how treasury works at DC. One common factor for your tasks will be to apply your quantitative programming skills. On the longer term, you will play an important role in improving and developing current models and tools, which will strengthen our team and take us to the next level.