Global energy major's wholesale markets trading arm needs a quantitative developer within the Structuring and Valuation team.

The Quantitative Development Team are responsible for development, maintenance and support of large scale models, both stand alone and as part of standardised tool sets providing consistent valuation and risk management functionality. In this role Quantitative Development have to work closely with the various front-office functions as well as IT and Risk Control in order to provide solutions that satisfy the company’s day-to-day needs and are embedded within the company’s strategic IT infrastructure. Team members of Quantitative Development will be exposed to the full development life-cycle and will get insight into advanced valuation methodologies and complex products (both real assets and physical/financial wholesale products in energy markets).

Personal Attributes:

• Advanced quantitative degree to Diploma/Masters/PhD level
• Excellent analytical and problem solving skills
• A good knowledge of valuation and risk analysis methods for derivative instruments (preferably in the energy market)
• Substantial experience with the implementation of numerical methods and an understanding on how to implement algorithms efficiently (preferably including linear programming techniques)
• Familiarity with Windows and the MSOffice suite of software products
• Development experience using VB/VBA and C/C++
• Familiarity with Oracle Database and SQL Server development environments
• The desire to learn about all aspects of asset & contract optimisation and energy trading
• Good communication skills and the ability to translate practical real-world requirements into quantitative terms
• The ability to work in a team as well as to use initiative in dealing with tasks autonomously
• Some work experience in energy trading or financial organisations would be advantageous

• Developing new and improving existing models and rolling applications into production
• Enhancement and maintenance of existing linear-programme application modelling the full value chain involved in managing the coal-fired power stations in the UK
• Work closely with the Trading Desks, Risk Control and IT to specify and implement model requirements, enhancing procedures and performance
• Model and application testing and documentation
• Research new areas of model applications and identify potential improvements to current models
• Help to document, support and further develop existing libraries and other trading applications
• Liaise with other departments (including outside RWEST) as required