If you have psychic powers which are specified, as opposed to randomly rolled for, in your codex (such as the current Space Marine, and Tyranid codices), those are selected as part of your army list creation.
However, as denoted in the rulebook psychic rules, before deployment for each game, and right after rolling for warlord traits, you can choose for each psyker (if that psyker has the option; see your FAQ) to swap all of his powers (exception: Grey Knights have to keep Hammerhand) for rolls on the charts allowable to that psyker. This is done at the beginning of each game.
For psykers who have no access to "fixed" powers in their codex, you always roll randomly after determining Warlord traits just before deployment.
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