Quantitative Researcher I Algorithmic Trading Analyst

Company Description

Vattenfall is a European energy company with approximately 20.000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation. To be able to reach this ambitious goal we are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission. 

Business Area (BA) Markets maximises the value of Vattenfall’s portfolio by optimising and dispatching, hedging and sourcing for Vattenfall’s assets and sales positions. We offer power purchase agreements to operators of wind or solar parks, optimise 3rd party batteries, and enter into origination deals within the B2B segment. We serve as Vattenfall’s single market access to energy commodity markets trading in electricity, emissions, fuels, freight, and renewable certificates. We are responsible for generating profits by taking positions within defined risk mandates and limits. We are active across Europe with more than 450 professionals working from Sweden, Germany, The Netherlands, and The UK. 

Within Markets the Business Unit (BU) Trading is the energy trading hub of the Vattenfall Group. BU Trading is responsible for all trading activities around Vattenfall’s asset and customer flows to maximize value creation and improve sourcing costs. It provides all market access services for standard OTC and exchange-based energy commodities for the Vattenfall Group, which means managing all hedging flows, from generation assets or customers, by our market access function. Next to handling our flow business, BU Trading also has a proprietary mandate. 

Job Description

Vattenfall is one of Europe’s leading energy companies with trading activities in the global energy markets. We are strongly expanding into algorithmic trading and automated trade execution. We are looking for a strong

Quantitative Researcher I Algorithmic Trading Analyst

at the Algorithmic Trading team in our office in Hamburg.

The Algorithmic Trading team takes the leading role in algorithmic trading and automated trade execution across the Business Unit Trading with overall P&L responsibility for the algorithmic trading activities from the intra-day to term horizon. The team operates within the Trading Analysis & Algorithms department and works closely with the different trading desks and the software developers and data engineers in the Algo Infrastructure team.

Your main tasks and responsibilities as a Quantitative Researcher:

• Develop, backtest, implement, and continuously improve algorithmic trading strategies for energy commodity markets with a clear focus on proprietary strategies
• Generate algorithmic trading ideas by utilizing state-of-the-art statistical and other advanced analytical methods on large data sets of financial and/or fundamental data
• Partner also with trading desks, trading analysts and/or trading meteorologists to leverage their market and fundamental insights for related algorithmic trading ideas
• Keep track of the latest market developments and quantitative research around algorithmic trading and provide related advice
• Adhere to and further develop the company’s algorithmic trading standards and best practices, incl. documentation, testing, and peer review.

Qualifications

Our ideal Quantitative Researcher has the following qualifications and capabilities:

• Strong academic background with a Master’s degree or higher in computer science, statistics, mathematics, physics, financial engineering or other relevant quantitative subject
• 3+ years professional experience in a quantitative research role linked to the (proprietary) trading business at banks, hedge funds, energy companies or (algorithmic) trading firms with a proven track record
• Experience in independently researching and implementing quantitative models for commodity futures along the curve and/or for cross-market relationships. Experience in European power and/or natural gas markets advantageous
• Strong programming skills, esp. Python, R and ideally also C#
• Strong mathematical, statistical, and analytical skills
• Fluency in English (both written and spoken). Additional languages advantageous
• Result oriented, independent, and structured working method with high reliability and readiness to take on responsibility
• Proactive team player with eagerness to learn.

At Vattenfall we are convinced that diversity contributes to build a more profitable and attractive company and we strive to be good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability or sexual orientation. 

Location  
Hamburg 

Additional Information

Benefits

Your development is a priority at Vattenfall BA Markets. Your professional journey will benefit from working in the exciting industry of energy trading, and in interdisciplinary teams. To support your career, we offer opportunities to grow through training, job rotations, talent programs and a working environment that stimulates learning.

Our work culture at Vattenfall is excellent. We have an open corporate culture with flat hierarchies. Modern and flexible working conditions, including mobile work, promote wellbeing. In Germany, our work week consists of 37.5 hours with, in many cases, the possibility to work part-time. Up to 49% of your working time can be mobile work, and you are entitled to 30 days of vacation per year.

Your health is important to us. We provide several health programs and support throughout potentially challenging life situations.

Your colleagues will be another highlight. We employ inspiring people with diverse backgrounds. Together with our culture and your tasks, they form an interesting and fun place to work.

You can find our new state of the art office next to Elbbrücken.

More information 
We welcome your application in English, no later than 31st of October 2024. We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website. 

For more information about the recruitment process you are welcome to contact our Recruiter Carina Böhle via phone at +49 40 790 221 623. 

At Vattenfall we are convinced that diversity contributes to build a more profitable and attractive company and we strive to be good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability or sexual orientation.

The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party, called Validata. In addition, a certificate of good conduct (i.e. criminal record certificate) is required for certain positions.
 

We look forward to receiving your application!