At a Glance
- Tasks: Valuing commodity deals and developing pricing models in the energy markets.
- Company: Join EDF Trading, a leader in low-carbon energy solutions.
- Benefits: Hybrid working, private medical insurance, gym memberships, and more.
- Other info: Collaborative environment with opportunities for growth and learning.
- Why this job: Kickstart your career in a dynamic team shaping the future of energy.
- Qualifications: STEM degree and strong analytical skills required.
The predicted salary is between 27900 - 34100 £ 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.
Job Description:
Department: European Pricing and Structuring Desk. The desk is part of the Front Office with a direct reporting line to the CRO. It sits alongside the origination and trading teams providing wide structuring, valuation, and deal approval support for complex transactions and business development initiatives. We also support management and traders in live portfolio management including risk exposure representation and management.
The function covers market derivatives and asset-based structures on all commodities traded by EDFT and its affiliates in liquid and illiquid horizons. The function works closely with commercial and control functions to execute profitable deals that meet the company’s required rate of return, capital utilisation criteria, in compliance with EDF group risk policies.
Position: This is a Junior Pricing Analyst role in the Pricing and Structuring Team with the main responsibility of valuing flow and structured commodity deals in the energy markets. This involves:
- Understanding of commercial terms of deals including financial derivatives and real options contracts
- Defining complete deal payoffs, formulating a problem, and proposing and developing an appropriate valuation approach
- Carrying out data analysis and developing pricing models and valuation tools
- Pricing and informing on the results of valuation in the context of a hedge strategy
- Presenting and communicating own work in a structured manner to your manager or internal customers
Other duties and responsibilities as may arise and may be assigned by Management, this may include bespoke analysis, tool/model development for special projects, and development of library, user interfaces and data infrastructure.
Main Responsibilities:
- To support Origination team in structuring, valuation, approvals and execution of deals which maximise P&L and minimise non-market risk exposure.
- To provide high standard analytics and valuation services in support of execution of EDFT’s business strategy and growth ambitions, in the areas of:
- Structured flexibility products
- Global gas and oil flow
- Renewable generation and Energy Storage
- Emissions and Green Fuels
- EDF risk management and market access service including facilitation of group hedging and optimisation of LNG, storages, power generation assets or liquidity products
- To contribute to development and enhancement of mathematical pricing models and analytical tools to support data processing, valuation, risk management and trading, optimisation and cashflow modelling.
Candidate Profile: This role is a junior role within an existing team and may suit a recent graduate or someone at the early stages of their career looking to specialise in pricing and structuring or setting foundations for a future career in origination and trading. The role would be best suited for an individual with an analytical mindset and strong technical (programming / excel) skills.
The candidate would offer:
- Bachelors (or higher) degree in a STEM subject.
- Understanding of financial metrics
- Understanding of energy market fundamentals and physical constraints.
- Understanding of risk, both market and residual risks
- Understanding of derivative instruments and their pricing methods
- Practical modelling skills
- Enthusiasm for problem-solving and drive for detail and delivery
- Positive team player attitude
- Good communication and interpersonal skills
Personal skills: It is a multifaceted role, which requires a combination of commercial mindset and technical skills. It is service based so communication and client facing skills are essential as you would be responsible for liaising with originators and traders as well as regularly collaborating with other pricing team members and other support functions.
The essential personal skills include:
- Curiosity and willingness to learn
- Determination and commitment to deliver high quality service
- Attention to detail and work ownership
- Integrity and accountability
- Efficiency - working to deadlines in a fast paced environment
- Excellent team player
Hours of work: 40 hours a week
Junior Pricing Analyst in London employer: EDFT
At EDF Trading, we pride ourselves on being an exceptional employer that fosters a dynamic and inclusive work culture. Our London office offers a wealth of benefits, including hybrid working options, comprehensive health plans, and opportunities for personal and professional growth, all while being part of a diverse team that values innovation and collaboration. Join us to not only advance your career in international tax but also contribute to shaping the future of sustainable energy.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Pricing Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like EDFT. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior Pricing Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to EDFT.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on EDFT's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at EDFT
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with EDFT.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at EDFT will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former EDFT employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
