Fundamental Model Developer

Company Description
Vattenfall is a European energy company with approximately 20 000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation. To be able to reach this ambitious goal we are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission.
Business Area Markets maximizes the value of Vattenfall’s portfolio by optimizing and dispatching, hedging and sourcing for Vattenfall's assets and sales positions. We offer power purchase agreements to operators of wind or solar parks, optimize 3rd party batteries and enter into origination deals within the B2B segment. We serve as Vattenfall’s single market access to energy commodity markets trading in electricity, emissions, fuels, freight, and renewable certificates. We are responsible for generating profits by taking positions within defined risk mandates and limits. We are active across Europe with more than 500 professionals working from Sweden, Germany, The Netherlands, and Denmark.
The Operational Unit (OU) Operations is responsible for providing Analysis, IT, Energy Trading and Risk Management (ETRM) and Project Management support to the Vattenfall Assets and Trading Division - the mission is to enable business. OU Operations is consisting of highly skilled employees with backgrounds ranging from mathematics, engineering, economics, computer science to project management. We are present in the locations Hamburg, Stockholm 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 interesting challenges and the opportunity to be part of this change, then join our diverse and talented team and make a difference!
For our office in Hamburg, Stockholm or Amsterdam we are looking for a dedicated and motivated person to fill the position of a
Fundamental Model Developer
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.
What you will do:
Models: Development of our in-house fundamental power price model
Develop new model features: e.g. expand the geographical and temporal scope, or improve flow-based market coupling modelling.
Improve model performance by adapting our model to evolving electricity markets.
Improve model architecture to make more efficient use of the cloud infrastructure, and optimize code and data integration.
Maintain and further develop the optimization core of the model, also used for other forecasting models

Analysis: Use the model for simulation runs to answer ad hoc, valuation and flex questions
Enable profitable trading strategies with ad hoc analyses.
Support decision making for project valuations, flex calculations etc.
Investigate ad hoc scenarios to estimate their market price impact and the consequential impact on for example the Vattenfall asset portfolio.

Location
Hamburg, Stockholm, Amsterdam.

Qualifications
We are looking for someone with:
A sound understanding of the Central and Western European power markets. Knowledge of the Nordic power, carbon and fuels markets is a plus
Experience in developing fundamental power models
Expertise in quantitative methods, power modelling, and/or mathematical optimization, especially using Gurobi is beneficial
High computer literacy, in particular programming skills in Python. Experience collaborating using git/DevOps and preferably cloud (Azure) computing and databases experience is appreciated
An academic degree in engineering, mathematics, or similar
High computer literacy, in particular programming skills in Python. Experience collaborating using git/DevOps is appreciated. Preferably some experience with cloud (Azure) computing and databases
Fluency in English. Swedish or German language skills are a plus
Willingness to travel occasionally



Additional Information
Our offer
Good remuneration, a challenging and international work environment, and the possibility to work with some of the best in the field. You will be working in interdisciplinary teams and you can always count on support from committed colleagues. We offer attractive employment conditions and opportunities for personal and professional development. Regarding flexible working hours, we offer working remotely up to half the time per week.


More Information
We welcome your application in English, no later than of May 31th 2023. We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website.

For more information about the recruitment process you are welcome to contact our recruiter Maryana Halushko via phone: +49 40 790221053.
At Vattenfall we are convinced that diversity contributes to build a more profitable and attractive company and we strive to be good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability or sexual orientation.
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.
In Sweden, the union representatives are Sven-Gunnar Gremlin (Akademikerna) and Jens Morell (Unionen). To get in contact with the representatives, please call Vattenfall´s switchboard +46 8 739 50 00. Since Vattenfall is part of the Swedish critical infrastructure many of our positions are security classed. If this position is security classed the final candidates can be subject to a security vetting process, according to the Swedish legislation.