Power Trading Analyst

The energy markets are evolving rapidly, and the energy transition's effects are becoming increasingly visible. We follow these changes closely and reflect them in our analysis and trading strategies. You will contribute to the commercial success of Eneco’s trading desk by performing best-in-class power market analysis. Your work will provide actionable insights into the European power market. Specifically, you will:

•    Proactively explore new trade ideas and work with traders on their implementation.

•    Analyze the fundamental drivers of the power supply & demand balance. Translate this into a price view and sensitivity analysis.

•    Monitor market news and policy developments and identify their impact on the power market.  

•    Monitor weather developments and impact on power prices and trading strategies.

•    Improve and develop new forecasting fundamental and statistical models used in the trading activities of the desk.

•    Provide briefings for traders and other colleagues within Eneco Energy Trade.

•    Improve energy market and meteorological data landscape and add new data sources.

•    Help in monitoring and analyzing trading positions and PnL. Assist in the reporting and tooling responsibilities of the Trading Analysis team.

You bring:

•    A degree (MSc or PhD) in a quantitative field. 
•    At least 3+ years of relevant experience in power market analysis in a trading environment, an energy company, a hedge fund or a market research company. 
•    Ideally experience with building & using power fundamental and quantitative models.
•    Solid Python programming skills and work with databases.
•    Your approach is analytical but also hands-on and pragmatic.
•    Energy Trade is a very dynamic environment. Targets change frequently based on market or business opportunities. A candidate should be flexible and focused at the same time.

• You will have direct impact on trading decisions and strategies and work closely with our traders. This can include both discretionary and systematic trading strategies.
• You will work on topics related to fundamental energy market analysis and modelling.
• You will be involved in other topics to improve the capabilities of the desk, such as automating the trading process, adding new data sources, etc.

You’ll join the Trading Analysis Team. This a front-desk analytical team which works alongside traders on our trading desk, which is responsible for trading power, gas, and carbon from day-ahead up to several years ahead, using both physical and financial instruments. The team provides the analytical backbone of the desk.
Your primary focus will be the European power markets, but you’ll collaborate closely with colleagues covering gas and carbon. The environment is international, high-paced, and collaborative — bringing together talent from diverse academic and professional backgrounds.