Optimisation and Trading analysis intern ( Data Analyst)

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world!

When you join EDF Trading you’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches and think outside the box.

Energy markets evolve rapidly so our team needs to remain agile, flexible and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil and environmental products.

EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field. Energy is what we do.

Most of all, we value our people. Become part of the team and you will be offered a great range of benefits which include hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessment, corporate gym memberships, electric car lease programme, childcare vouchers, cycle to work scheme, season ticket loans, volunteering opportunities and much more. We even provide free fruit to keep you healthy.

Gender balance and inclusion are very high on the agenda at EDF Trading so you will become part of an ever-diversifying family of around 800 colleagues based in London, Paris, Singapore, Tokyo and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group, a world leader in low-carbon sustainable electricity generation partnered with JERA, one of Japan’s largest utilities; the perfect organisation at which to begin or progress your career in the commodities sector.

Join us, make a difference and help shape the future of energy. 

Job Description:

Department 

Optimisation and Trading Analytical Team  

The team is part of a wider Quantitative Modelling and Analytics team and is a dynamic group of 10 professionals based in both Paris and London. Our team’s primary mission is to develop sophisticated market forecasting models and asset optimisation tools. These tools are instrumental in supporting EDF Trading’s proprietary activities and optimising the EDF Group portfolio. The team efforts are directed towards both the short-term electricity markets as well as the longer-term horizon and other commodities. We work closely with the trading desks and other analyst teams in both locations, fostering a collaborative environment that drives our success. 

Position purpose 

Supply and demand orders are at the core of the short-term price determination algorithm operating in the Pan-European electricity markets. The main objective of the internship is to contribute to backtesting and analysing results of our price forecasting models to inform trading desks of model performance and suggest relevant settings. 

The successful candidate will have the opportunity to acquire and/or consolidate their knowledge about energy trading and the mechanics of power markets, which will be a prerequisite to provide insightful analysis based on our model results. They will also contribute to improving our backtesting platform by adding additional features in an existing in-house Python application. 

This is a great opportunity to work on a model used by one of the largest power trading firms in Europe.  

Main responsibilities 

• Backtesting and analysis of complex market modelling and price forecasting results and presentation to EDFT power desks 

• Contributing to the development of our existing backtesting platform 

Person specifications and professional requirements  

• Knowledge of probability/statistics 

• Strong analytical skills 

• Knowledge or desire to learn Python programming 

• Interest in energy markets  

• Good communication skills 

Duration:  

3-4 months, starting May or June 2024  

Hours of work:  

35 hours/week, Monday to Friday