Quantitative Risk Analyst

1 week ago

Houston, United States Octopus Energy Group Full time

Welcome to the future of energy


We are both an electricity retailer and a tech platform and we think there is no better way to address our greatest challenge, climate change, than with the combination of those two.


Through our proprietary tech platform, Kraken, we are changing the way people interact with their energy company - by making it approachable, low cost, easy-to-understand, and most importantly, 100% renewable.  We’ve distinguished ourselves by being named 2020’s Energy Provider of the Year, which highlights our commitment to exceptional customer service. In many markets we are a leading employer on Glassdoor for best places to work.


Wholesale electricity makes up both our largest cost but also our most volatile. At the same time, the growth of renewables and smart access to data provides a lot of opportunities. This is an exciting opportunity for a Quantitative Risk Analyst to help develop our risk reporting and analytics suite, helping us both to enable Octopus to rapidly grow its customer base and manage market risk to participate in the drive to net zero.



What you'll do
  • Conduct in-depth analysis of power markets in ERCOT, including supply and demand dynamics, price trends, regulatory changes and technologies.
  • Develop the risk reporting and analytics pipeline for the expanding activities of Octopus Energy US
  • Report on VaR under a range of outlooks (winter storms/summer heatwaves / etc)
  • Support the development and enhancement of models and system platforms to support costing and portfolio management activities.
  • Support analysis and risk recommendations to senior stakeholders of risk metrics of structured transactions, including energy options, weather derivatives, and battery asset optimization (both within Octopus Energy US and the wider Octopus Energy group) for approval.
  • Support the utilization and application of statistical and predictive modeling techniques in a collaborative environment to build, maintain, and improve decision support systems 
  • Leverage analytical techniques on large datasets to produce actionable analysis
  • Constructing and maintaining dashboards for position, P&L, analytics 
  • Continuous development of models to support risk quantification, forward price curve development, and portfolio optimization
  • Develop scenario analysis and performing portfolio stress tests.


What you'll need
  • Bachelor’s degree or higher in a quantitative field such as Engineering, Mathematics or Statistics
  • Significant experience with programming in Python and SQL is essential.
  • Experience working with large and complex codebases.
  • Experience managing and reporting on financial risk.
  • Experience analyzing electricity (primarily ERCOT) or other commodity markets is a plus. 
  • Strong analytical skills coupled with an ability to think strategically.
  • Comfortable with some ambiguity (our world is changing fast)


Why else you'll love it here
  • Great medical, dental, and vision insurance options including FSAs.
  • Paid time off — we know working hard means also being able to recharge as needed, we trust our employees to get the work done and take the time they need.
  • 401(k) plan with employer match.
  • Parental leave. Biological, adoptive and foster parents are all eligible. 
  • Pre-tax commuter benefits.
  • Flexible working environment: you need to shift around your schedule? You do you, we genuinely believe in work/life balance. 
  • Equity Options: every Octopus employee owns part of the business. We’re a team, working together towards huge goals. Every person is crucial to our success, you should be rewarded as such. 
  • Modern office or co-working spaces depending on location.
  • Wondering what the salary for this role is? Just ask us When on a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit



If this sounds like you then we'd love to hear from you.


Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.



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