Senior Quantitative Analyst

Main Purpose of Job:

To be a senior member of the team responsible for provision of modelling and risk valuation input to the management of commodity hedging for tariff products.
Principal Accountabilities:

• Delivering the commodity risk management and risk evaluation methodologies for tariff products
• Design and implementation of models for pricing commodity risk
• Advising on commodity risk
• Analytical support for the development of hedging strategies, provision of back testing, regression analysis, stress tests and potential future earnings analysis for the models developed.
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The role is highly analytical, requiring a strong understanding of wholesale gas and power markets, financial instruments, finance theory, derivatives, retail pricing and the retail market environment.

Knowledge and Skills:

The post holder will have a strong academic background and ideally experience in the energy/financial markets.

The post holder will:
• Have a numerate first degree or equivalent (for example in Finance/Maths/Engineering) with preferably a higher degree (or equivalent) in a relevant discipline.
• Demonstrate strong economic, market and financial analytical skills.
• Possess excellent communication skills, including stakeholder presentations, documentation of models and methodologies, provision of concise reports/feedback to senior management.
• Demonstrate outstanding spreadsheet skills in Microsoft Excel and VBA
• Have excellent general IT skills: MS Office.
• Have excellent management skills backed up by relevant experience.
• Have experience in the UK/EU energy market or in a financial environment.
• Have excellent theoretical knowledge of derivative instruments and practical experience in their applications and behaviour. In depth understanding of valuation and risk analysis methods.
• Demonstrate ability to apply theoretical knowledge to practical, real-world situations.
• Be results-oriented, able to meet tight deadlines when required.
• Be able to cope in a high pressure environment.

The post holder will have an excellent understanding of:
• Options pricing and hedging, volatility and correlation.
• Domestic market environment
• Statistical analysis, regression and stress testing.