Senior Quantitative Analyst

EDF Trading Ltd; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid working

Personal pension plan

Private medical insurance

Dental insurance

Bi-annual health assessments

Corporate gym memberships

Electric car lease programme

Childcare vouchers

Cycle-to-work scheme

Season ticket loans

Volunteering opportunities

Job summary

EDF Trading Ltd is seeking a Senior Quantitative Analyst to join the Quantitative Solutions team in London. You will work on derivatives pricing models, calibration, and risk analysis, collaborating with traders, structuring, and risk teams.

The role requires deep knowledge of option pricing theory, Monte Carlo methods, and energy market dynamics, with strong C++ and Python programming skills. A hybrid working model and competitive benefits are offered.

Qualifications

• 5+ years of experience in a similar role within an energy trading or related environment.
• Experience developing and implementing derivatives pricing models for complex structured deals in gas and power markets.
• Knowledge of energy markets and associated derivatives products.
• Strong programming skills in C++ and Python; ability to write clear, efficient code.
• Experience calibrating/estimating model parameters and backtesting models.

Responsibilities

• Partner with trading and structuring to gather requirements for new derivatives models.
• Undertake research and development for new models and upgrades to existing models.
• Backtest models to provide insights on model behaviour and suggest trading strategies.
• Calibration/estimation of model parameters, and deployment with development teams.
• Collaborate with Quant Development to build pricing libraries and data analysis tools.
• Engage with Quant Risk to document proposed model enhancements.

Skills

C++

Python

Monte Carlo

Derivatives pricing

Numerical optimization

Data analysis

Job description

## Senior Quantitative AnalystApplylocations: Londontime type: Full timeposted on: Posted Yesterdayjob requisition id: JR1001455When 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.Who are we? We are EDF Trading, part of the EDF Group - a world leader in low-carbon, sustainable electricity generation.Join us, make a difference, and help shape the future of energy.Job Description:**Department Overview**The Quantitative Solutions department is business focussed and prides itself in being subject matter experts across our core areas: business knowledge, research and development of derivatives models, analytical tools, producing highly scalable performant compute services for pricing and risk.**Team Description**The Quantitative Analysis team is responsible for the research and implementation of models for derivatives pricing and market analysis. Core deliverables are a C++ library and Python services for pricing, risk calculation, and parameter estimation and calibration. The team partners with trading, structuring, and commercial teams to recommend and develop new models, and identify and implement enhancements to existing models. The team works closely with Quantitative Development and Quant Risk to ensure that models are efficiently implemented, tested, and well documented.**Core Responsibilities*** Partner with trading and structuring to gather requirements for new derivatives models* Undertake research and development for new models and upgrades to existing models* Backtest models to provide insights on model behaviour and suggest strategies for trading* Calibration/estimation of model parameters, working with development teams for deployment* Partner with Quantitative Development to develop pricing libraries and data analysis tools* Actively engage with Quant Risk to test and document proposed enhancements to models**Experience Required*** A minimum of 5 years of experience in a similar role within an equivalent trading environment (an energy trading house, or an energy trading desk within a hedge fund or an investment bank)* Exposure to developing and implementing derivatives pricing models for complex structured commodity deals (financial and preferably physical) within gas and (preferably) power markets**Technical Requirements*** Deep understanding of option pricing theory and associated numerical methods (Monte Carlo)* Theoretical and practical knowledge of energy markets and associated derivatives products* Knowledge of numerical optimization methods (linear programming, dynamic programming)* Good programming skills in C++ and Python: able and willing to write clear and effective code**Person Specification*** Strong analytical and problem solving skills with an exceptional level of attention to detail* Able to work independently and demonstrate a high degree of initiative to carry out research* Good communication skills with the ability to actively engage with non-specialist audiences* Capable of thriving in a fast paced yet collaborative and team-driven trading environment**Hours of work:**08:30 to 17:30