Quantitative Researcher I Trader

Vattenfall is one of Europe's leading energy companies with trading activities in the global energy markets. We are strongly expanding into algorithmic trading and automated trade. We are looking for a strong

Quantitative Researcher I Trader

at the Algorithmic Trading team in our office in Hamburg.

The Algorithmic Trading team takes the leading role in algorithmic trading and automated trade across the Business Unit Trading with overall P&L responsibility for the algorithmic trading activities from the intraday to term horizon. The team operates within the Trading Analysis & Algorithms department and works closely with the different trading desks and the software developers and data engineers in the Algo Infrastructure team.

Your main tasks and responsibilities as a Quantitative Researcher I Trader:

• Develop, backtest, implement and continuously improve algorithmic trading strategies for energy commodity markets with a clear focus on proprietary strategies.
• Generate algorithmic trading ideas by utilizing state-of-the-art statistical and other advanced analytical methods on large data sets of financial and/or fundamental data.
• Partner with trading desks, trading analysts, and/or trading meteorologists to leverage their market and fundamental insights for related algorithmic trading ideas.
• Keep track of the latest market developments and quantitative research around algorithmic trading and provide related advice.
• Adhere to and further develop the company’s algorithmic trading standards and best practices including documentation, testing, and peer review.

Qualifications:

• Strong academic background with a Master’s degree or higher in computer science, statistics, mathematics, physics, financial engineering, or other relevant quantitative subjects.
• 3 years professional experience in a quantitative research or trading role linked to the (proprietary) trading business at banks, hedge funds, energy companies, or (algorithmic) trading firms with a proven track record.
• Experience in independently researching and implementing quantitative models for commodity futures along the curve and/or for cross-market relationships. Experience in European power and/or natural gas markets is advantageous.
• Strong programming skills, especially in Python, R, and ideally also C#.
• Strong mathematical, statistical, and analytical skills.
• Fluency in English (both written and spoken). Additional languages are advantageous.
• Result-oriented, independent, and structured working method with high reliability and readiness to take on responsibility.
• Proactive team player with eagerness to learn.

At Vattenfall, we are convinced that diversity contributes to building a more profitable and attractive company and we strive to be a good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability, or sexual orientation.

Location: Hamburg

Additional Information:

Your development is a priority at Vattenfall BA Markets. Your professional journey will benefit from working in the exciting industry of energy trading and in interdisciplinary teams. To support your career, we offer opportunities to grow through training, job rotations, talent programs, and a working environment that stimulates learning.

Our work culture at Vattenfall is excellent. We have an open corporate culture with flat hierarchies. Modern and flexible working conditions including mobile work promote wellbeing. In Germany, our work week consists of 37.5 hours with, in many cases, the possibility to work part-time. Up to 49% of your working time can be mobile work and you are entitled to 30 days of vacation per year.

Your health is important to us. We provide several health programs and support throughout potentially challenging life situations.

Your colleagues will be another highlight. We employ inspiring people with diverse backgrounds. Together with our culture and your tasks, they form an interesting and fun place to work.

You can find our new state-of-the-art office next to Elbbrücken.

More information:

We welcome your application in English no later than 1st of April 2025. We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website.

For more information about the recruitment process, you are welcome to contact our Recruiter Jil Ungethm via phone.

The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party called Validata. In addition, a certificate of good conduct (i.e. criminal record certificate) is required for certain positions.

We look forward to receiving your application!

Remote Work: Employment Type: Full-time

Key Skills: Intelligence Community Experience, Python, SPSS, Microsoft Word, R, Regression Analysis, Windows, Stata, Microsoft PowerPoint, Research Experience, Data Modeling, Writing Skills

Experience: years

Vacancy: 1