Financial Risk Developer

5 hours ago


Oslo, Oslo County, Norway TN Norway Full time

We are looking for a highly skilled Quantitative Risk Developer to join our Risk department at Statkraft.

As a Quantitative Risk Developer, you will create, refine, and calibrate risk models for physical energy assets, option trading, and non-standard long-term renewable energy contracts.

Key Responsibilities:

  • Apply advanced statistical techniques and quantitative methods to evaluate energy market price risk;
  • Support the calibration of stochastic price models and assist in deploying fundamental-based price models;
  • Research and implement novel risk modelling approaches, including classical statistical methods and emerging deep learning techniques;

Requirements:

  • Master's degree in a quantitative field (e.g., mathematics, economics, physics, computer science, or engineering);
  • At least 3 years of experience in data analysis and developing complex statistical models, ideally with exposure to risk management or quantitative finance;
  • A solid understanding of financial risk management principles and financial instruments is an advantage;
  • Proficient in Python and familiar with version control system (e.g., Git and Gitlab);
  • Knowledge of cloud-based solutions (Azure, Databricks) and data management (SQL warehouses) is a plus;
  • Strong interest in the European energy markets and financial market concepts;
  • Highly structured, solution-oriented, and able to communicate complex issues clearly;
  • Fluent in English, both written and spoken;


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