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Join the pioneering team at Field to shape the future of clean energy and drive innovation with cutting-edge renewable infrastructure projects
Overview
Salary
£85000 - £100000
Location
Field, Fora Montacute Yards
Nomad Friendly?
98% Remote- UK
Expires
Expires at anytime
Field is at the forefront of the clean energy revolution, dedicated to funding, building, and operating renewable infrastructure to achieve Net Zero. With a recent £265m funding boost, Field is expanding across Europe, starting with grid-scale battery storage and developing their proprietary platform, Gaia, to optimize asset performance. This is an exciting time to join a company with ambitious plans to redefine the clean energy landscape in Europe.
- Develop and execute dynamic power market strategies in collaboration with internal teams.
- Create and manage systematic trading model infrastructure and strategies.
- Value and propose structured power products, integrating trades into Gaia.
- Conduct in-depth market research for power and commodity markets to uncover new opportunities.
- Build dynamic metals hedging strategies in coordination with the Treasury Front Office.
- Minimum four years of experience in commodity trading, preferably electricity.
- Masters/PhD in a quantitative field such as Mathematics, Quantitative Finance, or Engineering.
- Proven experience in statistical and probabilistic methods for trading signal development.
- Proficiency in Python or other object-oriented languages for trading model infrastructure.
- Experience with systematic derivatives trading, especially options.
- Competitive salary (£85,000 - £100,000/year) with employee share scheme participation.
- Enhanced parental leave, company performance bonuses, hybrid working, and a £2,000 L&D budget.
- Global work policy, mental health benefits, eco-friendly initiatives, social events, and more.
Quantitative Analyst
Department: Finance
Employment Type: Permanent - Full Time
Location: UK - London
Compensation: £85,000 - £100,000 / year
Description
A bit about Field
To reach Net Zero, we need to solve big challenges. Field will fund, build and run the renewable infrastructure we need to tackle these challenges. At Field, we will show that batteries are a totally viable part of our energy infrastructure - now, not in some distant future.
And, we have ambitious plans to become the defining new clean energy player in Europe over the next few years, gradually expanding beyond batteries into new asset types.
Field develops, builds, owns and optimises grid scale flexible infrastructure. We have recently secured £265m of funding from a top tier infra PE fund, and are set to build out the next many GW’s of storage capacity in the UK and Europe.
We are also developing our own optimisation platform, Gaia, and will be using this to operate our first GB asset from Q4 2024.
Overview
Field is building a portfolio of flexible generation assets, starting with grid scale battery storage. These assets will help decarbonise the grid and provide energy security. It is critical to be able to operate these assets as efficiently as possible, which is why we are building our own optimisation platform, Gaia, rather than relying on third parties.
Maximising revenue and carbon reduction from our storage assets is of vital importance at Field. We can do this by monetising the optionality / extrinsic value in our assets through the origination and execution of structured products.
The Quantitative Analyst will be the first hire within Field’s new Risk Management function, which will become a critical business unit within our company’s growth plans. This role will be the primary thought leader of the Risk Management function, driving the development of innovative strategies to fix revenues and better monetise our assets, from inception to execution.
This person will be integral in valuing the optionality within our portfolio and originating structured products. This will become increasingly important as the business and Risk Management function expands in the U.K. and internationally.
Working in a fast-paced and growing renewable energy infrastructure business, this role is an integral and influential team member in driving Field’s value proposition.
Key Responsibilities
Power Market Risk Management
Work with the internal fundamental analysis teams to develop and execute dynamic power market strategies from inception to execution.
- Lead the creation of systematic spread-option and delta hedging strategy models - value discovery, back-test analysis, execution, monitoring and risk management
- Formulate Power spread strategies that incorporate fundamental and non-fundamental influences on commodity markets.
- Develop valuation and bid strategy for purchase/selling of physical battery capacity on multiple power exchanges in UK and internationally
- Monitoring and reporting risk and value changes of live trades
Structured Power Products
Provide quantitative insight to effectively build-out Field’s structured product offering by:
- Valuing products and proposing term, structure, and pricing
- Monitoring and reporting risk and value changes of live trades
- Integrating physical trades into internal optimisation platformMarket Research and Development
Conduct in-depth market research to understand the dynamics of different power and commodity markets to develop further value-building opportunities
- Assess dynamics and pricing of power market exchanges
- Undertake complex correlation analysis between markets, financial products, and geographies to identify value opportunities and develop hedging strategies.
Metals Risk Management Strategy
Work with the Treasury Front Office to build-out dynamic metals hedging strategies
- Building-out value case for multi-derivative hedging strategies
- Back-testing and creating iterative hedging models to guide execution strategy
- Develop risk monitoring and reporting framework for hedging strategy
Skills, Knowledge and Expertise
A bit about you
- You are a dynamic power market expert with a passion for building analytical models and identifying value
- You are not just on the cutting edge; you are creating it. You think outside the box and challenge the status quo. Your ideas are game-changers and you are excited to make a huge impact in renewable energy and power markets
- You have innate ability to thrive in volatile markets, with a proven track record for turning complex data into intuitive trading strategies
- You’re an open, clear communicator who inspires others to think bigger and bolder through your analysis. You have ability to work collaboratively and present your ideas at all levels
- You have a reputation for delivering exceptional results within tight timelines. Your time management skills ensure that you stay ahead of the curve without compromising on quality.
- You thrive in a fast-paced environment, your capability to handle various tasks simultaneously while maintaining focus and creativity is crucial.
Essential Skills
- Minimum of four years of related work experience ideally from a commodity (in particular electricity) trading background
- Masters and/or PhD in a quantitative discipline (Mathematics, Quantitative Finance, Statistics, Engineering, Computer-Science etc.)
- Prior experience applying statistical and probabilistic methods (time-series, stochastic modelling, machine learning) to building trading signals
- Hands-on experience of building trading model infrastructure, with Python proficiency or other object-oriented languages.
- Experience in systematic trading of derivatives, particularly options, with a track record of building successful outcomes.
- Experience in building spread-option valuation models
Benefits
We’re offering a competitive compensation package, including participation in our employee share scheme which rewards all employees for the growth of the business.
Other benefits include
- Enhanced parental leave, for all new parents:
- 6 months fully paid primary carer leave
- 3 months fully paid secondary carer leave
- 10 days fully paid leave for fertility treatment
- Up to 10% company wide bonus based on company performance
- Hybrid working (blend of home and office working to suit individual needs)
- Nest pension (8% combined contributions) on qualifying earnings
- 25 days holiday + bank holidays
- £2,000 annual learning & development budget to spend on whatever best supports your growth
- 1 month a year ‘work from anywhere in the world’ policy
- Spill: our mental health benefit allowing every Fielder access to equal and unrestricted therapy and resources
- Green leave: paid time off to do something good for the environment
- Fun co-working office space in Shoreditch, London
- Dog friendly office (with some regular furry friends already in the team)
- Free team lunch once a week
- Regular team socials
- Birthday carbon offset: a gift from Field to the world to celebrate your birthday
- & many more on the way!
Still not convinced? See what our current team think about working here to find out why you should join us!
