Short Term Power Market Analyst F/H

Groupe Talents Handicap; Paris; Sur place; EUR 60 000 - 90 000; Plein temps

Résumé du poste

EDF Trading is seeking a Short-Term Power Market Analyst to support the London desk with timely, commercially-focused analysis of the European electricity system. You will work closely with Paris-based short-term analysts and London traders to optimize portfolio decisions and trading strategies.

The role covers both operational analysis and development of modelling tools, with emphasis on build/test/deploy cycles and continuous process improvement. Fluency in English and French is required.

Qualifications

• Master's degree in statistics or mathematics (or equivalent).
• Experience building stochastic or deterministic optimization procedures/models.
• Strong data science, Python, and web development (JavaScript) skills.
• Experience with Git and source control.

Responsabilités

• Market analysis: provide data analytics and risk analysis for the short-term power market.
• Support price forecasts and trading strategies for the desk.
• Follow Day-Ahead and Week-Ahead optimisation shifts and communicate critical information to traders.
• Develop and maintain models/applications end-to-end from research/design to deployment and maintenance.

Connaissances

Data science

Python

JavaScript

Git

Formation

Master's degree in statistics or mathematics

Outils

Git

Description du poste

Department

The Short-Term Analytical Team is an operational team with the following structure:

• 6 market analysts and a manager supporting the French Desk on weekdays:
  • 3 analysts are working on Intraday horizon in Paris
  • 3 analysts are working on Day Ahead and Week Ahead horizons in London
  • The analysts on shift analyse the whole European electricity system in order to support the desks for price forecasting and the trading strategy
• 7 analysts, a deputy and a manager dedicated to the optimization of the EDF portfolio on Day Ahead and Week Ahead horizon.
  • These analysts are working 7/7 in Paris.
  • The analyst on shift models the available flexibility of the EDF system and translates it into EPEX orders to realise an economically efficient optimisation on the Day Ahead electricity market
• The Analytics Engineering Manager and 2 software engineers

Position purpose

The role is based in London. In order for EDF Trading to maximise the return from the month-ahead to day-ahead wholesale power markets, either from EDF generation assets or through proprietary trading, the traders require detailed, commercially focussed analysis produced on a timely basis.

In the front office, working closely with both the short-term analysts in charge of EDF portfolio optimisation in Paris and the power traders in London, the Short-Term Power Market Analyst has a dual role covering both operational and development duties.

Main Operational Responsibilities

Market Analysis:

• Provide data analytics and risk analysis on short term power market to the desk
• Support the Short-Term desk for the price forecasts and trading strategies

EDF system risk analysis:

• Follow the Day-Ahead and Week-Ahead optimisation shifts
• Communicate time critical information to the traders
• Ensure compliance with regulatory requirements, including REMIT, through the consistent application of defined processes.

Main Development/Modelling Responsibilities

The short-term power market analyst is responsible of the whole life cycle of an application or a model: from the research/design to the development/implementation and the maintenance.

The analyst is autonomous on his/her projects and is responsible of critical applications.

Example of models/applications/solutions:

• Fundamental and quantitative (statistical, data science driven) models to better anticipate market behaviour and improve price forecasting models. All components of the market could be addressed like load forecast, competitors’ orders, availabilities, etc...
• Automation of workflows
• Data visualisation via web applications

Experience required

Ability to work under pressure, timeliness, accuracy and the ability to understand the wider commercial implications of the work are critical to be successful in this position.

The analyst will use his/her expertise to support the short-term power traders while at the same time ensuring an effective operational relationship with the asset managers at EDF. He/she will be expected to take the initiative to continuously improve existing processes, tools and models with the aim of improving the overall management of the EDF portfolio and wholesale market positions.

It is as well necessary to be proactive in the research of market modelling improvements to succeed in this position.

Technical requirements

Fluent in French & English

Educated to master’s degree level, preferably with a high statistics or mathematics component

Experience of building/developing stochastic or deterministic optimisation procedures/models

Advanced skills in:

• Data science
• Python (Api, Data management, statistical modelling)
• Web development (javascript)
• Source code management (Git)

Full understanding of the ways of working of the power market:

• Power asset management and optimisation
• Power market coupling algorithm

Person specification

As well as having strong analytical skills, attention to detail and enthusiasm the candidate needs to have a commercial approach to his/her duties. Similarly, a flexible approach to problem solving and the ability to work under pressure are essential.

Applicants for the role will also be expected to have strong communications skills with the confidence to work effectively with both power traders and asset managers.