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- Tasks: Develop and implement quantitative models to manage energy market risks.
- Company: Join Octopus Energy, a tech-driven leader in the global energy revolution.
- Benefits: Flexible salary discussions, rewarding perks, and a culture of autonomy.
- Why this job: Make a real impact on the transition to a cleaner, smarter energy future.
- Qualifications: Strong numerical skills, experience with Python and SQL, and risk management expertise.
- Other info: Dynamic team environment with opportunities for international collaboration and travel.
The predicted salary is between 36000 - 60000 £ per year.
Octopus Energy is a global energy leader revolutionising the way people use energy. We are not just an energy supplier; we are a tech company building a cleaner, smarter energy future. The Global Energy Markets team ensures we always have the electricity and gas we need to power our customers’ homes and businesses, while supporting the grid to accelerate the transition to Net Zero.
We are expanding rapidly across the globe, and we are seeking a highly motivated and talented Quantitative Risk Analyst to join our dynamic Market Risk team. As part of our team, you will play a crucial role in helping shape our energy market risk function by developing and implementing sophisticated quantitative models. You will work closely with the Head of Group Market Risk and collaborate with international trading teams, forecasting, data analysts, and engineers.
At Octopus, we look for agile thinkers who can navigate complexity with ease. To succeed here, you will need to be someone who thrives in a fast-paced environment.
What you will do:
- Work with our international supply entities to understand market conditions and support risk management across power (including renewable PPAs), gas, and certificates.
- Support the ongoing development of market risk policies, and develop quantitative models, methodologies, and reporting to build on Octopus risk and analytics pipeline.
- Work closely with the engineering team, design analysis and visualisations that collate country specific risk positions into a single and clear Group view.
- Work closely with Forecasting, Within-day and Flex Trading teams to understand how flexible generation (batteries) and customer flexibility can be used as risk management tools.
- Develop quantitative modelling and analysis to support the use of weather derivatives and energy options to manage risks.
- Support development of analysis and explanatory materials for a range of senior stakeholders, including the Octopus Energy Group board.
- Stay abreast of evolving market conditions, regulatory changes, and advancements in risk management methodologies.
- Some international travel may be required from time to time.
What you will have:
- Strong numerical ability and experience managing power risk essential.
- Experience implementing risk metrics and analytical models, including Value at Risk (VaR), Monte Carlo simulations, and simulation of stress test scenarios.
- Professional experience using Python and SQL is essential.
- Experience quantifying risk or managing portfolio optimisation of intermittent renewable energy (wind), flexible generation or batteries.
- Experience modelling energy options and weather derivatives as part of risk management strategies.
- Strong interpersonal, communication and listening skills to form trusted relationships with both local teams and international stakeholders.
Why else you will love it here:
- Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters, it's something we always cover as we genuinely want to match your experience with the correct salary.
- Octopus Energy Group has a unique culture where people learn, decide, and build quicker. We want your hard work to be rewarded with perks you actually care about!
Quantitative Risk Analyst in London employer: Octopus Energy
Contact Detail:
Octopus Energy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Risk Analyst in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Octopus Energy on LinkedIn or other platforms. Ask them about their experiences and any tips they might have for your application. It’s all about making connections that can help us stand out!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since you’ll be working with quantitative models, make sure you can discuss your experience with Python, SQL, and risk metrics confidently. We want to see you shine in those areas!
✨Tip Number 3
Show your passion for the energy sector! Research Octopus Energy’s projects and values, and be ready to discuss how your skills align with their mission of building a cleaner, smarter energy future. We love seeing candidates who are genuinely excited about what we do!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we’re always looking for motivated individuals who fit the Octopus culture, so get your application in sooner rather than later!
We think you need these skills to ace Quantitative Risk Analyst in London
Some tips for your application 🫡
Show Your Numbers: As a Quantitative Risk Analyst, your numerical skills are key! Make sure to highlight any relevant experience with risk metrics and analytical models in your application. We want to see how you’ve tackled complex data before!
Tailor Your Application: Don’t just send a generic CV and cover letter. Take the time to tailor your application to Octopus Energy and the specific role. Mention how your skills align with our mission of building a cleaner, smarter energy future.
Be Clear and Concise: When writing your application, clarity is crucial. Use straightforward language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point!
Apply Early!: We love getting to know our applicants, so don’t wait until the last minute to apply! Submit your application through our website as soon as you can to ensure we have enough time to give it a thoughtful review.
How to prepare for a job interview at Octopus Energy
✨Know Your Numbers
As a Quantitative Risk Analyst, you'll need to demonstrate your strong numerical ability. Brush up on key concepts like Value at Risk (VaR) and Monte Carlo simulations. Be ready to discuss how you've applied these in past roles or projects.
✨Showcase Your Technical Skills
Make sure you highlight your experience with Python and SQL during the interview. Prepare examples of how you've used these tools to develop risk metrics or analytical models. This will show that you're not just familiar with the tech, but that you can leverage it effectively.
✨Understand the Energy Market
Familiarise yourself with current market conditions and regulatory changes in the energy sector. Being able to discuss recent developments or trends will demonstrate your proactive approach and genuine interest in the field.
✨Build Relationships
Since this role involves collaboration with various teams, emphasise your interpersonal skills. Prepare examples of how you've built trusted relationships with stakeholders in previous roles. This will show that you can navigate the complexities of working with diverse teams.
