Options Trader in London

Join us, be part of more. We are so much more than an energy company. We are a family of brands revolutionising how we power the planet. We are energisers. One team of 21,000 colleagues that is energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

About your team: At Centrica Energy, our mission is to move it. We are energy movers by nature. We are a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you. Power markets don’t behave like the textbooks: negative prices, shoulder-hour spikes, and paradoxical cross-border flows make risk beautifully nonlinear—and commercially exciting. If you are a quantitative thinker who wants to turn research into trades, this role gives you the platform to build models, test them in live markets, and convert insight into P&L. You will join a team that operates where fundamental modelling, systematic strategy, and disciplined execution meet across Europe’s most dynamic interconnectors.

About the Role: You will help design and execute the next generation of pricing and risk frameworks for cross-border power optionality, starting from deep research and maturing into trading ownership. The first 12–18 months focus on building validated, decision-grade models that feed pricing, hedging, and structuring; thereafter you will scale into vanilla options execution and market-making with growing autonomy. The role follows London trading hours with some flexibility for US coverage as markets require.

Your responsibilities will include:

• Building models for nonlinear power risks—negative pricing dynamics, intermittency, scarcity/shoulder-hour volatility, and flow reversals—and turning them into commercial inputs for the desk.
• Designing scenario frameworks, stress tests, and valuation methods that move beyond classical assumptions to reflect real-world market microstructure.
• Translating complex quantitative work into clear trading notes and actionable recommendations for pricing, hedging, and structure.
• Identifying mispricings, managing Greeks within limits, and executing disciplined trades aligned to model edge and liquidity conditions.
• Collaborating with originators, risk, and analytics on bespoke optionality in cross-border structured deals, from scoping through pricing to ongoing refinement.

About You: You are energised by messy, real-world systems and you enjoy pressure-testing ideas until they stand up in live conditions. You can self-direct research, explain what you did and why it matters, and make decisions under uncertainty. You are motivated by the energy transition, and the role trading plays in unlocking investment and liquidity.

We are looking for:

• A track record of self-directed mathematical/quant research (MSc/PhD ideal) in applied math, statistics, physics, computer science, operations research, or economics.
• Python proficiency for research (NumPy, Pandas, SciPy/statsmodels; version control with Git).
• Quant foundations across probability & statistics, stochastic processes, optimisation (convex/dynamic), and numerical methods; experience with Monte Carlo and scenario design is a plus.
• Familiarity with vanilla options (Greeks, IV surfaces) and the ability to critique classical assumptions in the presence of physical optionality.
• Clear communication skills—structured memos, crisp charting, and the ability to turn complex models into concise commercial narratives.

About Centrica Energy: Centrica Energy is a global energy trading and optimisation business that moves energy from source to use across eight offices and all time zones, trading power, gas, LNG, and energy attributes while connecting producers, suppliers, and offtakers. Our mission is to drive the green transition while offering sustainable and predictable energy costs; we combine market expertise with advanced analytics, technology, and a strong commercial culture. You will be joining a community of specialists who pair fundamental insight with algorithmic capability to capture value in wholesale markets—what we call Energy Movers by Nature.

Why should you apply? We are not a perfect place – but we are a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. If you are full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.