Quantitative Structurer

Weather Energy Quant Structurer

Hiring Manager:

Location: Paris La Garenne Colombe

About ENGIE and Supply & Energy Management:

ENGIE a global leader in low-carbon energy and services relies on its Global Business UnitSupply & Energy Management(GBU S&EM) to provide reliable sustainable and affordable energy to all its customers. This strategic unit optimizes the Groups and clients production assets and designs tailored energy solutions for our 200000 professional clients and 15 million consumers.

The Global Business Unit Supply & Energy Management leverages ENGIEs assets to deliver secure and sustainable energy to its B2B and B2C customers. It uses its expertise in energy management to provide decarbonized electricity 24/7.

JoiningSupply & Energy Managementmeans becoming part of a team of over 10000 passionate experts spread across 20 countries all united by a shared mission: shaping a greener and more efficient energy future. Together we push the boundaries of innovation to deliver decarbonized energy 24/7. Join us and be part of those shaping the energy of tomorrow!

Context

Weather & Energy Solutions (WES) is a dedicated trading desk responsible for managing weather-related risks across ENGIE Groups business units while supporting the development of S&EMs commercial activities in weather derivatives.

As the Groups dedicated interface with weather markets WES plays a strategic role. It also supports ENGIEs financial performance through its weather risk outsourcing activities which are becoming increasingly important in a global business environment more exposed to weather volatility particularly with the growth of renewable energy generation.

Your Mission

Within WES the mission of the Weather & Energy Quant Structurer is articulated across four core areas:

Quant (Risk Analytics & Tools Development)

Develop scalable and robust tools covering quantitative analysis risk representation and monitoring

• Analyze represent and quantify weather risk exposures using advanced quantitative methods.
• Develop maintain and enhance modeling pricing and risk analytics tools.
• Monitor and explain hedge performance through robust analytical frameworks.
• Contribute to the continuous improvement of the risk methodology framework (greeks exposure VaR stress tests).
• Perform methodological monitoring (weather models risk methodologies).

• Ensure risk analytics are scalable reliable and fully industrialized within systems.

Structuring (Product Design Pricing & Business Development Support)

Drive client value through the design modeling and pricing of innovative and tailored hedging solutions.

• Design develop and implement tailored weather risk management strategies.
• Structure price weather derivatives and hedging products in collaboration with traders and capacity providers.
• Develop and enhance weather sensitivity models (temperature wind solar hydro etc.).
• Contribute to new product development and structuring capabilities in support of business growth.

Activity Support & Business Development

Operational excellence reporting onboarding and continuous improvement

• Ensure day-to-day operational support of front-office activities.
• Manage pre- and post-trade processes under traders supervision including pricing client requests onboarding (KYC credit) and coordination with Credit Legal and Back Office teams.
• Produce and communicate risk reports and hedge performance analyses to internal stakeholders and clients.
• Perform ongoing market monitoring (new weather products market practices).
• Participate in the onboarding of new capacity providers and products supporting liquidity development.

Transversal

• Contribute to cross-functional projects and transformation initiatives within weather risk management.
• Drive continuous improvement of operational tools processes and frameworks.
• Build and maintain strong relationships with clients traders and internal stakeholders
• Ensure full compliance with internal policies procedures and regulatory requirements.

What we are looking for

A profile combining:

Hard skills:

Must have:

• Proficient in Object-Oriented Programming
• Proficient in Python 3 (Numpy Pandas Sklearn Seaborn) and Excel VBA
• Remarkable experience using control versioning (GitHub SourceTree)
• Familiar with using APIs

Good to have:

• Hybrid role: combining structuring and quantitative capabilities with a strong client-oriented mindset.
• Ability to manage complex transversal projects with multiple stakeholders.
• In-depth understanding of the trading and portfolio & risk management business.
• High level of numeracy strong analytical and quantitative skills combined with a hands-on approach.

Soft skills:

Must have:

• Willing to work in a front position with direct impact on groups and BUs P&L.
• Highly resilient and autonomous.
• Result-oriented practical thinker.
• Rigorous and accurate.
• A dynamic and flexible team worker.

Good to have:

• Excellent interpersonal and communication skills.
• Demonstrate high ability to build a network.
• Determined to succeed.
• Creative and act as true initiative-taking entrepreneur.

Why join us

Play a key role in managing weather risks in a world increasingly driven by renewable energy and climate volatility. Develop rare and highly valued expertise in weather and energy risk management.

Diversity & Inclusion

If you meet these requirements you are the talent we are looking for. Do not hesitate to apply by submitting your updated CV.

At ENGIE S&EM we are committed to fostering an inclusive and diverse workplace that unlocks the potential of every individual and ensures equal opportunities for all. We welcome applications from people of all backgrounds.

All our positions are open to people with disabilities. If you require any reasonable accommodation to participate in the recruitment process please inform your recruiter who will be happy to support you.

About ENGIE

ENGIE is a global leader in low carbon energy and services committed to accelerating the transition to a carbon neutral world. Its purpose is clear: to reduce energy consumption and develop cleaner more sustainable solutions that combine economic performance with a positive impact on people and the planet.

The Group relies on its core businesses such as gas power renewable energy and services to deliver competitive tailored solutions to customers worldwide. With 96000 employees and a strong network of partners and stakeholders ENGIE is more than a company; it is a community of Imaginative Builders working every day to drive harmonious and sustainable progress.