Quantitative Risk Analyst
Octopus Energy Group
Full-time
On-site
London (GB), United Kingdom
Mathematics & Finance
Octopus Energy is a global energy leader revolutionising the way people use energy. We're not just an energy supplier; we're a tech company building a cleaner, smarter energy future.
The Global Energy Markets team makes sure 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're seeking a highly motivated and talented Quantitative Risk Analyst to join our dynamic Market Risk team.
As part of our team, you’ll 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’ll need to be someone who doesn't just keep up with a fast-paced environment, you thrive in it.
We love getting to know our applicants! To make sure we have enough time to give every application a thoughtful review, we may occasionally hit pause on new submissions. If you’re excited about this role, we’d love to see your application sooner rather than later.
What you'll 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 (e.g. batteries) and customer flexibility can be used as risk management tools
- Develop quantitative modelling and analysis to support 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
- With international supply entities in 8 countries, some international travel may be required from time to time
What you'll 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 (e.g. 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'll 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. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
• 🎉 Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We were recently named the UK's top company to work for, and we ranked in the top ten in the Sunday Times Best Places to Work 2024. Our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership
• 🎁 Visit our UK perks hub - Octopus Employee Benefits
If this sounds like you then we'd love to hear from you. 🚀
P.S. Our process usually takes up to 4 weeks, but we’ll always do our best to flex around what works for you. Along the way, you’ll chat with our recruitment team and your Recruiter will help you throughout different stages. Got any burning questions before then? Drop us a message at [email protected] and we’d love to help!
Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!
Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.