Quantitative Risk Developer

Risk management for Market Operations
The purpose of the Risk department in Market Operation is to secure highquality risk evaluation and risk communication to enable Statkraft Trading & Origination and asset optimization business. Our responsibilities include P&L and risk reporting (market credit and liquidity risk) risk management support development of risk models risk methodologies and risk framework. Statkraft has an ambitious growth strategy having a strong risk team is a key enabler for its success.

Your work as a Quantitative Risk Developer

Providing risk modelling services to Statkrafts Risk department is at the core of this position. You work to ensure our risk models and measures are adapted to Statkrafts Market Operation needs and reliably reflect changes in the energy markets. Your expertise in advanced statistical modelling and quantitative analysis is critical to ensuring our risk assessments accurately reflect market dynamics and support strategic decisionmaking. In addition you will work to keep our infrastructure modern with cloudbased solutions and integrated data management.

Key Responsibilities:

• Create refine and calibrate risk models for physical energy assets option trading and nonstandard longterm renewable energy contracts;
• Apply advanced statistical techniques and quantitative methods to evaluate energy market price risk;
• Support the calibration of stochastic price models and assist in deploying fundamentalbased price models;
• Research and implement novel risk modelling approachesincluding both classical statistical methods and emerging deep learning techniques;
• Work closely with the Risk department Front Offices and IT teams to ensure the robustness of our models and effectively translate complex insights into actionable strategies;
• Contribute to the governance and robustness of our risk modelling tools and provide endtoend support.

Qualifications :

• Masters 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 cloudbased solutions (Azure Databricks) and data management (SQL warehouses) is a plus;
• Strong interest for 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;

Additional Information :

What we offer

• Unlimited learning opportunities in different value streams and levels of the organisation.
• Be part of a team with multiple ongoing R&D projects with external research communities.
• The chance to grow your career alongside a truly global network of experts leaders specialists and graduates from different countries and backgrounds.
• You work will be contributing to saving the planet.
• A work culture that puts emphasis worklife balance.
• A focus on fun outside of work supported by various activity groups such as soccer yoga sailing climbing boxing cabin rentals and much more.
• Statkraft offer competitive terms of employment and benefits schemes and we are a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice not chance.

Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorization.

Statkrafts vision is to renew the way the world is powered. To navigate the complex journey ahead we need every voice at the table. We therefore work actively to be a diverse and inclusive workplace and welcome all applicants regardless of background gender age sexual orientation religious belief ethnicity nationality or disability. 

Application deadline: March 26th 2025.

Location: The position will be located in our Oslo Dsseldorf or Amsterdam office 

Contact: For questions please contact Herv Babusiaux Head of Risk Framework & Risk Modelling 

Remote Work :

No

Employment Type :

Fulltime