EDF Trading
Senior Quantitative Analyst
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When you join EDF Trading
You’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches, and think outside the box. Energy markets evolve rapidly, so our team needs to remain agile, flexible, and ready to spot opportunities across all the markets we trade in power, gas, LNG, LPG, oil, and environmental products.
EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field.
Energy is what we do. Become part of the team and you will be offered a great range of benefits, which include (location dependent) hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessments, corporate gym memberships, an electric car lease programme, childcare vouchers, a cycle-to-work scheme, season ticket loans, volunteering opportunities, and much more.
Gender balance and inclusion are very high on the agenda at EDF Trading, so you will become part of an ever-diversifying family of around 750 colleagues based in London, Paris, Singapore, and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.
Who are we?
We are EDF Trading, part of the EDF Group - a world leader in low-carbon, sustainable electricity generation. Join us, make a difference, and help shape the future of energy.
Job Description
Department Overview
The Quantitative Solutions department is business focussed and prides itself in being subject matter experts across our core areas: business knowledge, research and development of derivatives models, analytical tools, producing highly scalable performant compute services for pricing and risk.
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Team Description
The Quantitative Analysis team is responsible for the research and implementation of models for derivatives pricing and market analysis. Core deliverables are a C++ library and Python services for pricing, risk calculation, and parameter estimation and calibration. The team partners with trading, structuring, and commercial teams to recommend and develop new models, and identify and implement enhancements to existing models.
The team works closely with Quantitative Development and Quant Risk to ensure that models are efficiently implemented, tested, and well documented.
Core Responsibilities
- Partner with trading and structuring to gather requirements for new derivatives models
- Undertake research and development for new models and upgrades to existing models
- Backtest models to provide insights on model behaviour and suggest strategies for trading
- Calibration/estimation of model parameters, working with development teams for deployment
- Partner with Quantitative Development to develop pricing libraries and data analysis tools
- Actively engage with Quant Risk to test and document proposed enhancements to models
Experience Required
A minimum of 5 years of experience in a similar role within an equivalent trading environment (an energy trading house, or an energy trading desk within a hedge fund or an investment bank)
- Exposure to developing and implementing derivatives pricing models for complex structured commodity deals (financial and preferably physical) within gas and (preferably) power markets
Technical Requirements
- Deep understanding of option pricing theory and associated numerical methods (Monte Carlo)
- Theoretical and practical knowledge of energy markets and associated derivatives products
- Knowledge of numerical optimization methods (linear programming, dynamic programming)
- Good programming skills in C++ and Python: able and willing to write clear and effective code
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Person Specification
- Strong analytical and problem solving skills with an exceptional level of attention to detail
- Able to work independently and demonstrate a high degree of initiative to carry out research
- Good communication skills with the ability to actively engage with non-specialist audiences
- Capable of thriving in a fast paced yet collaborative and team-driven trading environment
Hours of work
08:30 to 17:30
Our experience
Our experience is the culmination of everything that's unique about us; our culture, core values, commitment to sustainability and most importantly, our people. EDFT employees are self-disciplined, hard working, inquisitive, trustworthy and truthful. They make choices based on what is best for the team, and live for opportunities to make a difference.
We are committed to equipping our employees with the tools that will enable them to fulfil their job to the highest standard. To that end we offer a wide range of technical and personal development courses both in-house and through third-party providers.
We are proud of our work ethic and cultural diversity. We are high-performing people working together to achieve common goals. Innovative and flexible in our thinking, we are able to adapt and change, which is critical to our success.
"Issues are met with feedback, solutions and discussion. Mistakes at EDFT are seen as experiences not failures."
"It is a fast-paced and dynamic working environment where each day is interesting and challenging. There’s also an incredible pool of talent and skills within EDFT. I’m continuously learning from my colleagues."
"There is no ‘typical’ day. I work on a wide range of compensation, benefit and mobility projects throughout the year. One thing’s for sure though, I’ll have my head in a spreadsheet at some point."
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