Global Quantitative Analyst
Madrid, ES, 28020
ContourGlobal is an established Independent Power Producer developing, acquiring, and operating electricity generation assets worldwide. The company currently manages more than 6.2 GW of installed capacity across different generation technologies in 18 countries across Europe, Africa, Asia, North and South America. With a current share of renewables capacity of 27%, the company has committed to speed up the decarbonization of its portfolio with a sustainable transition of its thermal fleet, the repowering of existing renewable assets and the organic development of new renewable projects. ContourGlobal, a KKR company since 2022, has a track record of almost 20 years of experience in partnering with communities, institutions, and customers that benefit from its power supply through long-term contracts or innovative PPAs, coupled with energy management solutions.
Responsibilities:
As a Quantitative Analyst, you will need strong analytical skills and a keen interest in the energy sector, looking to make a significant impact in a dynamic and innovative environment.
You will join the Energy Management team of CONTOURGLOBAL, a multinational independent power producer, with the aim of taking part in its ambitious growth plan.
Key responsibilities of this role will include:
- Collaborating in the definition and implementation of the optimization of energy sales strategy and hedging policy with the aim of increasing portfolio profits and reducing market and operational risk in a volatile power market.
- Design, development, and implementation of algorithms and mathematical or statistical models intended to evaluate portfolio performance under varying market conditions and impact of hedge strategies.
- Develop and maintain advanced quantitative models for risk assessment, pricing, forecasting, and portfolio optimization across gas and renewable power assets.
- Collaborate with the risk management team to develop models for assessing market risk, credit risk, and counterparty risk, incorporating key market and financial variables.
- Manage the company’s Energy Trading and Risk Management (ETRM) system and ensure that models are fully integrated with it to support real-time analysis and decision-making.
- Identifyg areas where data automation can improve the efficiency and accuracy of energy trading and risk management activities.
- Conduct back testing of strategies and analyze performance.
- Development and definition of tools to facilitate the analysis and visualization of the portfolio position and evaluation of hedges ensuring proper reporting of P&L and risk metrics.
- Monitoring the performance of the data automation processes and identifying opportunities for further optimization and improvement
- Collaborate with the Front Office to provide data-driven support for Power Purchase Agreement (PPA) structuring, fuel procurement, and hedging strategies.
Requirements
- Relevant academic background in a quantitative field.
- 1-4 years of experience in the energy sector (energy management/trading/consulting) as quantitative analyst or a similar role
- Knowledge of usual revenue structures for gas and renewable assets and advanced modelling experience (Excel spreadsheets or others).
- Experience with designing, developing, and supporting complex analytical systems:
- Must have advanced knowledge of Excel in spreadsheets macros, custom functions, VBA, etc.
- Must have experience with data visualization (Power BI) and presentation tools (advanced Power Point).
- Strong analytical skills combined with a problem-solving attitude.
- Ability to communicate complex technical topics clearly.
- Knowledge of the energy business.
- Comfortable with trading and finance concepts.
- Self-starter, with the ability to reprioritize with changing requirements.
ContourGlobal provides equal employment opportunities and maintains a diverse workforce that reflects the rich environment of the society we live in and markets we operate.