Octopus Energy is a global energy leader revolutionizing the way people use energy. We're not just an energy supplier; we're a tech company building a cleaner, smarter energy future. We are expanding rapidly across the globe, and we're seeking a highly motivated and talented Group Quantitative Risk Analyst to join our dynamic Market Risk team.
The successful candidate will play a crucial role in supporting the energy market risk function by developing and implementing sophisticated quantitative models. You will work closely with the Head of Group Market Risk and collaborate with international trading teams, forecasting, data analysts and engineers.
At Octopus, we hire great people who can move quickly across a complex business. Being able to thrive in a fast-paced environment is super important for this role.
What you'll do...
1. Work with our international supply entities to understand market conditions and support risk management across power (including renewable PPAs), gas, and certificates.
2. Support the ongoing development of market risk policies, and develop quantitative models, methodologies, and reporting to build on Octopus risk and analytics pipeline.
3. Work closely with the engineering team, design analysis and visualisations that collate country specific risk positions into a single and clear Group view.
4. Work closely with Forecasting, Within-day and Flex Trading teams to understand how flexible generation (e.g. batteries) and customer flexibility can be used as risk management tools.
5. Develop quantitative modelling and analysis to support use of weather derivatives and energy options to manage risks.
6. Support development of analysis and explanatory materials for a range of senior stakeholders, including Octopus Energy Group board.
7. Stay abreast of evolving market conditions, regulatory changes, and advancements in risk management methodologies.
8. With international supply entities in 8 countries, some international travel may be required from time to time.
What you'll need...
1. Strong numerical ability and experience managing power risk essential.
2. Experience implementing risk metrics and analytical models, including Value at Risk (VaR), Monte Carlo simulations, and simulation of stress test scenarios.
3. Professional experience using Python and SQL is essential.
4. Preference to have experience quantifying risk or managing portfolio optimisation of intermittent renewable energy (e.g. wind), flexible generation or batteries.
5. Preference for experience modeling energy options and weather derivatives as part of risk management strategies.
6. Strong interpersonal, communication and listening skills to form trusted relationships with both local teams and international stakeholders.
Why else you'll love it here...
1. Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary.
2. Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. We want your hard work to be rewarded with perks you actually care about!
3. Our process usually takes up to 4 weeks, but we'll always do our best to flex around what works for you.
If this sounds like you then we'd love to hear from you. #J-18808-Ljbffr