Fundamental Model Developer

Company Description
Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Our main markets are Sweden, Germany, the Netherlands, Denmark, and the UK. The Vattenfall Group has approximately 20,000 employees. We have been electrifying industries, powering homes and transforming life through innovation for more than 100 years. We now want to make fossil free living possible within one generation and we are driving the transition to a sustainable energy system.
Within Vattenfall, Business Area (BA) Markets optimizes assets and effectively sources and trades commodities, thus ensuring best value for both Vattenfall and our customers. BA Markets is active across Europe with around 450 professionals working from Sweden, Germany, the Netherlands, and the UK.
In BA Markets the mission of the Unit OU Operations is to drive the digital transformation. OU Operations consists of diverse and highly skilled employees from more than 20 countries. We work internationally from our locations in Stockholm, Hamburg, and Amsterdam.


Job Description
At Vattenfall, we don’t just “do energy”, we exist to help our customers power their lives in ever climate smarter ways and free from fossil fuel within one generation. If you are looking for exciting challenges and the opportunity to be part of this change, then join our diverse and talented team and make a difference!
The department, team and job
As part of the Analysis department, the Fundamental Analysis team delivers models and analyses on commodity markets, deals and assets. We provide model-based forecasts of power prices and analysis of price drivers to support decision making in the traded market horizon and beyond. Our analysis is based on fundamental power forecasting models covering our core markets on the continent and in the Nordics. As we are continuously developing our in-house and acquired fundamental power models, we are looking for an eager candidate to contribute in an agile fashion. This position will primarily focus on the development and use of the in-house Nordic short-term fundamental model but will also be in contact with the continental and mid- & long-term models.
The position is located in Stockholm as part of an international team of highly professional, skilled analysts, located in Hamburg and Stockholm.
What you will do
MODELS: Development of our in-house short-term fundamental power price model
Constantly strive to improve the model performance, benchmarked against external providers
Improve model architecture to make more efficient use of the cloud infrastructure, and optimize code and data integration
Adapt our model to the constantly changing electricity markets

ANALYSIS: Use the model to make daily runs to maximize our portfolio value
Join our shift customers (part-time) to run the model to predict Nordic power prices, day-ahead to two weeks ahead
Support decision taking for our Nordic customer and asset positions going into delivery, to maximize our portfolio value
Provide feedback to the model developers on what developments would provide the most value going forward
Enable our trading colleagues to run ad-hoc analyses for potential trading strategies



Qualifications
High computer literacy, in particular programming skills in Python. Experience collaborating using git and DevOps is appreciated. Preferably some experience with cloud (Azure) computing and databases
An understanding of the Nordic power markets is important. Knowledge of the Central and Western European CWE power, carbon and fuels markets is a plus
Experience in developing fundamental power models is very beneficial
Expertise in quantitative methods, power modelling, and/or mathematical optimization, especially using Gurobi is beneficial
Academic degree in computer science, engineering, mathematics, or similar
Strong communication skills and the willingness to collaborate closely with team members, customers and other stakeholders
Fluency in English required, and at least some Swedish understanding is necessary
Willingness to travel occasionally
Willingness to work 30% in a weekday-daytime (7:30-16:00h) shift.



Additional Information
We offer
A welcoming work climate with flat hierarchies, open discussion culture and zero-tolerance for harassment
An international and multi-cultural work environment with energetic colleagues
Flexible working hours, aside from the shift work

At Vattenfall we are convinced that striving for diversity helps to build a more profitable, efficient, and attractive company. Therefore we seek a harmonious balance of employees in terms of age, religion, gender identity & expression, sexual identity, disability and ethnic background. Read more on how we work with diversity and inclusion here: https://careers.vattenfall.com/about-us/diversity-and-inclusion/
Location: The location of this position is Stockholm/Solna, Sweden
For more information about the position you are welcome to contact recruiting manager Richard Hebly, +49-162 232 3626. For information regarding the recruitment process please contact recruiter Peter Blixter, +46-72 237 3202.
Trade union representatives: Jens Morell (Unionen) and Sven Gunnar Gremlin (Akademikerna). To get in contact with the representatives, please call Vattenfall switchboard +46 8 739 50 00.
We welcome your application, including CV and cover letter no later than April 9, 2023. Please note that we will not handle applications sent to us via e-mail. As we may conduct interviews on an ongoing basis, we encourage you to apply as soon as possible.
Since Vattenfall is part of the Swedish critical infrastructure many of our positions are security classed. This position is security classed hence the final candidates can be subject to a security vetting process, according to the Swedish legislation.
The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party, Validata.
Since Vattenfall is a part of the Swedish critical infrastructure, many of our services are security classed. If this position is security classed the final candidates might be subjected to a security vetting process, according to the Swedish legislation.
We look forward to receiving your application.