At a Glance
- Tasks: Research and develop models for derivatives pricing and market analysis.
- Company: Join EDF Trading, a leader in low-carbon energy solutions.
- Benefits: Enjoy hybrid working, private medical insurance, gym memberships, and more.
- Other info: Collaborative environment with excellent career growth opportunities.
- Why this job: Make a real impact in the evolving energy market with a diverse team.
- Qualifications: Proficient in C++ and Python, with strong analytical skills.
The predicted salary is between 30000 - 40000 € per year.
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.
**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.
**Team Description** The Quantitative Analysis team is responsible for the research and implementation of models for derivatives pricing and market analysis. The core deliverables are a C++ library and Python services for pricing, risk calculation, and parameter estimation. The team partners with trading desks, pricing & structuring, and commercial teams, to recommend and develop new models, and to 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 desks 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
**Technical Requirements**
- Good programming skills in C++ and Python; able and willing to write clear and effective code
- Sound understanding of linear algebra, calculus, statistics, and numerical optimization methods
- Basic knowledge of commodities trading and preferably some exposure to option pricing theory
**Person Specification**
- Strong analytical and problem solving skills with an exceptional level of attention to detail
- Good communication skills with the ability to actively engage with non-technical audiences
- Capable of thriving in a fast paced yet collaborative and team-driven trading environment
**Hours of work:** 08:30 to 17:30
Junior Quantitative Analyst in London employer: EDF Trading Ltd
At EDF Trading, we pride ourselves on fostering a dynamic and inclusive work environment where innovation thrives. As a Junior Quantitative Analyst in London, you will benefit from a comprehensive range of perks including hybrid working options, private medical insurance, and opportunities for professional development, all while being part of a diverse team dedicated to shaping the future of energy. Join us to not only advance your career but also contribute to sustainable energy solutions in a collaborative and supportive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Quantitative Analyst in London
✨Tip Number 1
Network like a pro! Reach out to current employees at EDF Trading on LinkedIn or attend industry events. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for the interview by brushing up on your C++ and Python skills. Be ready to discuss your understanding of derivatives pricing and market analysis, as well as any relevant projects you've worked on.
✨Tip Number 3
Show your passion for energy markets! Stay updated on trends and news in the sector. This will not only impress your interviewers but also help you engage in meaningful conversations.
✨Tip Number 4
Apply through our website for a smoother process. It shows you're genuinely interested in joining EDF Trading and makes it easier for us to track your application!
We think you need these skills to ace Junior Quantitative Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Junior Quantitative Analyst role. Highlight relevant skills like programming in C++ and Python, and any experience with derivatives models or market analysis. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about energy markets and how your analytical skills can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Problem-Solving Skills:In your application, don’t just list your skills; demonstrate them! Share examples of how you've tackled complex problems or developed innovative solutions in past projects. We’re all about thinking outside the box here at EDF Trading.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at EDF Trading Ltd
✨Know Your Numbers
Brush up on your knowledge of linear algebra, calculus, and statistics. Be prepared to discuss how these concepts apply to quantitative analysis and derivatives pricing. Having specific examples ready will show that you can think critically about the technical aspects of the role.
✨Showcase Your Coding Skills
Since programming in C++ and Python is crucial for this position, be ready to demonstrate your coding abilities. You might be asked to solve a problem on the spot, so practice writing clear and effective code beforehand. Familiarise yourself with common algorithms and data structures relevant to quantitative analysis.
✨Understand the Trading Environment
Get a grasp of commodities trading and option pricing theory. Research current trends in energy markets and be prepared to discuss how they might impact trading strategies. This will show your enthusiasm for the industry and your ability to engage with trading desks effectively.
✨Communicate Clearly
Strong communication skills are essential, especially when working with non-technical audiences. Practice explaining complex concepts in simple terms. During the interview, make sure to listen actively and respond thoughtfully to questions, demonstrating your collaborative spirit.
