Head of Quantitative Modelling and Structuring, Southern European Origination DÜSSELDORF in Düsseldorf bei Statkraft

Company Description

We're hiring a Head of Quantitative Modelling and Structuring to be part of the management team of Statkraft’s Southern European Origination Business.

Are you tired of working in silos or delivering quantitative solutions without being close to the business? Or simply not being able to make a real impact in your current role or company? At Statkraft, our vision is to renew the way the world is powered. In our team we embrace performance culture and work as one team with a strong mandate covering the whole portfolio lifetime. We are structuring and managing some of the largest power transactions in the European market thereby speeding up the deployment of renewables. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

This role will be based either in Madrid, Spain or Düsseldorf, Germany and head a newly installed Quantitative Modelling & Structuring team, one of the four pillars of the Southern European Origination Front Office.

You have a passion for power markets, quantitative modelling, development and pricing and want to make an impact in a growing, international team? Reach out now!

Why Statkraft?

Statkraft has been making clean energy possible for over a century. That’s what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. We envision a world that runs entirely on renewable energy. Because in the fight against climate change, we don’t see renewable energy as part of the solution – we believe it must be the solution. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there’s more work to be done – that’s why we need you to join us.

As part of the Trading & Origination department, the South European Origination team concludes non-standard, structured and often complex transactions in wholesale energy markets in Spain, Portugal, France, and Italy. Thereby, it cooperates closely with Statkraft’s trading desks and the other regional Origination teams to offer pan-European tailored energy solutions. The responsibilities within Southern European Origination are divided into Origination Iberia, Origination France/Italy, Portfolio Management and the newly established unit Quant and Structuring. While the Origination teams focus on originating, structuring, and negotiating value enhancing new transactions and the Portfolio Management prices and manages the entire portfolio exposure in the market across the curve until delivery, Quant and Structuring will provide the quantitative development and sophisticated pricing models. All teams closely collaborate on a joint “one team – one PnL” philosophy per region.

Job Description

Statkraft Southern European Origination has been a first mover on long-term PPAs in Spain and Italy with more than 50 wind and solar PPAs contracted. In addition, the portfolio consists of tailor-made long-term agreements with IPPs/generators and large end customers as well as other non-standard flexible and structured wholesale products. In addition, Southern European Origination is running a PPA business in France and holds a sizeable route-to-market renewables portfolios in that market. The business is planning to significantly grow its business in regional and product scope over the next years.

Role description:

You will be located in our Düsseldorf office and head the newly installed Quant Modelling & Structuring team, one of the four pillars of the Southern European Origination Front Office. The team will consist of two additional highly professional and driven FTEs. You will report directly to the VP Origination Southern Europe and be part of the management team. Your activities will include:

• Drive the development of a cutting-edge stochastic long-term price and volume scenario engine for power, CO2 and gas prices as well as its calibration to fit market specifics in the relevant markets
• Continuous improvement of pricing and optimization tools as well as development of ad-hoc pricing approaches for structured power and cross-commodity products such as renewable PPAs, structured power supply solutions, VPPs, storage, swings, etc.
• Drive the continued development of a scalable, flexible, and extendible platform solution for portfolio management

• Manage, develop, and grow a highly professional and talented team of quantitative analysts and