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Työnimike: Risk & Compliance - Lead Quantitative Analyst

Työnkuvaus:
Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion and 61% of our electricity generation was CO2 free. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

Generation division is responsible for the large scale power production, physical optimization and trading activities in the Nordic area. This division comprises nuclear, hydro and thermal power production, portfolio management and trading, industrial intelligence and nuclear services.
 
 
Your role

Trading and Asset Optimization (TAO)
TAO Business area is a part of Generation Division. Generation division is responsible for the large scale power production, physical optimization and trading activities in the Nordic area.
TAO's responsibility is to be a comprehensive business that optimizes the best price for electricity production and consumption, and hedges earnings from these operations with commodity derivatives far into the future. About 95 TWh of physical electricity trading and about 200 TWh of trading in commodity derivatives pass through TAO each year. We operate in several commodity exchanges such as Nasdaq Commodities and ICE, as well as physical electricity markets, Nordpool and TGE (Polish Power Exchange). In-depth understanding of the electricity business and market knowledge are an essential part of TAO's business. In addition, TAO Ventures pilots new start-ups such as Fortum Spring and Fortum SolarPlus.

Risk and Compliance team
Risk and Compliance (RC) team is responsible for risk analysis, reporting and controlling of Fortum's hedging and trading activities in the Nordics, Baltics and Poland. In addition the team is responsible for contract management and credit exposure monitoring, as well as ensures compliance with market conduct and energy market regulations. The team is also accountable for cyber and personal security operations in TAO. Risk and Compliance team is in close co-operation with TAO's front office (financial and physical trading desks), Finance function (business control and back office) and IT representatives as well as with various functions in other Fortum divisions and business units.

Your role
The energy market is getting more complex and external demands on the risk management and compliance for energy trading are constantly increasing. Hence, we have decided to strengthen the market risk and compliance control operations in TAO. Your role as Lead Quantitative Analyst in Risk and Compliance team is to be a highly competent finance professional who designs, implements and utilizes algorithms and models to calculate valuations and to predict risks in the commodity markets. You are accountable for the Quantitative methods and models in TAO. You will be leading of a small team of skilled professionals. You will play a vital role in creating new risk models, and validating the models (e.g. pricing models) created by TAO's front office. You are responsible for measurement and reporting of the risks in a prudent manner. With your quantitative and programming skills, you will also perform different kinds of analyses in the field of energy markets. You will cooperate with your colleagues in the Risk and Compliance team, TAO's front office and Fortum's Corporate Risk function. Your position will be based in Espoo/Stockholm office.
 

We offer you

Trading and Asset Optimization business area provides you the driving seat position in energy market risk management operation in the leading energy trading company in Northern Europe. We offer you to work in a collaborative team and you are able to improve your understanding of the electricity and commodity markets. You will also be able to further develop your quantitative and programming skills when implementing and validating new types of risk models and performing analyses. As you will cooperate with other skilled colleagues from other teams and units inside Fortum, you will have a great chance to broaden your networks.
 

Your qualifications

To succeed and thrive you need to have a strong mathematical and statistical background with a Master's degree in Economics, Engineering, Statistics or similar. You have over five years' relevant experience with modelling in finance. You have strong programming (Matlab, Python, R etc.) skills. Fluency in written and spoken English is a must. Some of the Nordic languages, Russia or German is seen as advantage as well. Experience as a team leader is considered an asset. You are proactive and have the ability to work under pressure. You are a team player who contributes to a great team spirit with your communicative and collaborative skills.
To be selected for the position, the applicant must go through background clearance and health examination including drug testing.

 
Interested?

Send your application and CV with salary request via our online recruitment tool at www.fortum.com/careers by March 30th at the latest. For more information, please contact Suvi Paaso, Head of Risk and Compliance, +358504536054 suvi.paaso (at) fortum.com.

Contact information for Union representatives, switch board number: +46 8-671 70 00
Fortum Akademiker: Per Kenttä
Unionen: Birgitta Henriksson

numberOfPosts: 1

jobCategoriesCodes_0: http://data.europa.eu/esco/isco/C2421

positionTypeCode: directhire

Työnantajan nimi: Fortum Oyj

source: TIVA