Quantitative Analysis Director

2 days ago


Oslo, Oslo County, Norway TN Norway Full time
About TN Norway

TN Norway is a leading company in the energy sector, dedicated to making clean energy possible for over a century. Our purpose is to renew the way the world is powered.

Our Risk Department:

The risk department plays a critical role in securing satisfactory risk evaluation and risk communication to enable Statkraft Trading & Origination and asset optimization business. Our responsibilities include P&L and risk reporting, risk management support, development of the risk models, risk methodologies and risk framework.

The Job Description:
  • Lead and develop a team of eight quantitative risk analysts across our Amsterdam, Düsseldorf and Oslo offices
  • Enhance our risk models for the liquid time horizon across a wide range of European power markets and related commodities
  • Develop risk models for the semi-liquid and illiquid time horizon for renewable assets and renewable off-take agreements by combining stochastic modelling with fundamental market modelling
  • Maintain and enhance our forward curve tools and methodology
  • Align development of new tools with main stakeholders (market, credit, and liquidity risk, front office and IT)
  • Introduce big data science methods to the energy risk tool kit
Requirements:
  • Outstanding university degree (Master/PhD) in physics, mathematics, computer science or natural, engineering, or economics with a quantitative specialisation
  • Minimum 5 years of professional experience in financial risk management ideally in energy markets
  • Strong commercial mindset and some Front Office experience desirable
  • Extensive knowledge in the field of quantitative finance and risk (e.g., mathematical statistics, big data methods, stochastic modelling, simulation techniques, optimization methods, energy derivatives)
  • First experience as a team lead in a quantitative field
  • Significant IT knowledge coupled with strong programming skills preferably in Python
  • Business oriented and able to find the right balance between good-enough and perfect solutions
  • Ability to communicate effectively about complex risk issues with all levels of the organisation


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