Quantitative DeveloperOctopus Energy

London, U 23-09-2024
The Energy Markets team at Octopus Energy is responsible for making sure that we always have the electricity and gas we need to support our customer demand whilst also supporting the grid to enable the Net Zero transition.

We are looking for a Quantitative Developer with electricity market experience to join our Group Risk team. You will play a key role in the support and development of risk and trading technology to help us optimise and automate this important task. Using your market and technical knowledge you will enhance the logic behind our price curve evaluation, develop the trade capture pipeline, reporting and scenario modelling across all regions as we continue to grow quickly. You’ll be given the autonomy to solve problems and shape solutions across our trading and risk platform whilst benefiting from the support of our engineering, forecasting and trading teams.

This is an exciting opportunity to take on a role that combines domain knowledge, data analysis and business critical activities.

What you'll do...

    • Monitor market changes to ensure our risk pipelines are accurate for each Octopus geography;
    • Develop and implement logic for producing accurate forward price curves;
    • Work with the trading team to highlight areas of risk that may impact their decisions;
    • Work with the Power Purchase Agreement team to ensure we’re using the most appropriate price curves as a basis for contracts with generators;
    • Help to globalise the existing platform as we expand our codebase to enhance our view of risk across the wider Octopus Group.

What you'll need...

    • Experience and solid commercial understanding of at least one European power market;
    • Knowledge of the UK/other European power or gas markets is beneficial but not essential if you are eager to learn;
    • Experience with stack modelling and curve simulation would be advantageous;Strong aptitude in SQL and Python for analysis and pipeline development;
    • Team player excited at the idea of ownership across lots of different projects and tools;Open to travelling to Octopus offices across Europe and the US;
    • You have a drive to keep up to date with industry standards, best practices, and available market data.

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 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 won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and 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