Power Trading Analyst

Details

You will join Eneco's Trading Analysis Team, supporting trading activities with advanced market insights, models and tools to enable data-driven decisions in a fast-moving, strategic environment. Your primary focus will be European power markets while collaborating with colleagues covering gas and carbon. The role sits between production, sales and trading and contributes directly to trading decisions and strategies.

Responsibilities

• Proactively explore new trade ideas and work with traders on implementation.
• Analyze fundamental drivers of power supply & demand and translate this into price views and sensitivity analysis.
• Monitor market news, policy developments and their impact on the power market.
• Monitor weather developments and assess impact on power prices and trading strategies.
• Improve and develop forecasting: both fundamental and statistical models used in trading activities.
• Improve energy market and meteorological data landscape and add new data sources.
• Help monitor and analyze trading positions and PnL; assist in reporting and tooling responsibilities of the Trading Analysis team.
• Provide briefings for traders and colleagues within Eneco Energy Trade.
• Work on automation of trading processes and enhancement of desk capabilities (data, tooling, reporting).

Requirements

• MSc or PhD in a quantitative field.
• At least 3+ years of relevant experience in power market analysis in a trading environment, energy company, hedge fund or market research company.
• Experience building and using power fundamental and quantitative models is ideal.
• Solid Python programming skills and experience working with databases.
• Analytical, hands-on and pragmatic approach; ability to work in a dynamic trading environment with frequently changing targets.
• Familiarity with European power markets, forecasting, and integration of meteorological data into market models.
• Experience collaborating closely with traders; understanding of PnL and trading position monitoring.

What we offer / Benefits

• Gross annual salary between €86,000 and €128,000 (including FlexBudget, 8% holiday allowance, and depending on role a bonus or collective profit sharing).
• FlexBudget that can be paid out, used for extra holiday days or saved.
• Personal and professional development support.
• Hybrid working model: 40% at the office, 40% from home and 20% flexible; with manager approval you may work abroad (within approved countries) up to 3 weeks/year, max 2 consecutively.
• Opportunity to have direct impact on trading decisions and to work in an international, high-paced, collaborative team.

Work context

• Front-desk analytical team working alongside traders on a desk responsible for trading power, gas and carbon from day-ahead up to several years ahead using physical and financial instruments.
• Environment is international and fast-paced, combining academic and professional backgrounds.

Application

• For more information or to apply, contact the recruiter or use the recruitment system to submit CV and motivation letter.
• Contact: Randolph MacKay (phone provided in the vacancy).