Financial markets operations expert

The employer is looking for a:

Senior Specialist – Energy Commodity Analysis and Trading – international markets with focus on the Americas – management function (noted profession)

Tasks:
(TRADING AND RISK):

• autonomous management of a proprietary book with the mandate described above, with assigned P&L objectives and risk limits; the core of the activity is on natural gas (TTF and Henry Hub) and emissions.
• oversight of cross-commodity relationships between gas, electricity, coal, and oil.
• contribution to the definition of the risk framework, procedures, and desk limits.

(FUNDAMENTAL ANALYSIS AND MODELLING):

• oversight of the coverage of the energy markets of the Americas:
• United States — regional balances, transport constraints, and zone differentials (basis), functioning of wholesale markets;
• Latin America, primarily Brazil — predominantly hydroelectric power systems, hydrology, short-term price formation, and regulatory framework of local markets.
• development and maintenance of supply/demand balances (Europe, Asia, global LNG, United States), the USA power balance, and the coal switching model.
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• meteorological monitoring of covered markets and integration of its effects into balances, scenarios, and trading signals.
• construction of fundamental price models, the scenario engine, and probabilistic price forecasts for EU/US gas; for the EU ETS market, modelling of the total number of allowances in circulation (TNAC), which governs the market stability reserve.
• production of trading ideas and fundamental, micro, and geopolitical research.

(TOOLS, DATA AND TECHNOLOGY):

• design and industrialization of the desk's proprietary tools: monitoring decks, automated reporting, scenario engine.
• design, implementation, and production deployment of the backtesting infrastructure and data pipelines to support research.
• automation of the acquisition and processing of market and fundamental data, including automated news and sentiment analysis.
• use of AI-assisted development tools in daily modelling and automation work.

(STRUCTURE DEVELOPMENT)

• conduct and development of the desk's quantitative research capability: methods, standards, and coordination of progressively assigned resources.
• contribution to the launch of new trading verticals within the desk.
• daily relationship with international financial counterparties (investment banks, brokers, market makers) on both sides of the Atlantic.

REQUIREMENTS:

• university degree in engineering, computer science, mathematics, physics, statistics, or another quantitative discipline, obtained at the end of a study path of at least five total years (master's degree, single-cycle degree or equivalent foreign qualification).
• at least 8 years of continuous experience in quantitative roles at investment banks, hedge funds, or trading companies, of which at least 6 in energy commodity research and trading, with documented progression towards responsibility roles.
• live and verifiable track record of at least 24 months of discretionary trading with direct responsibility for books and P&L performed simultaneously on TTF and Henry Hub, earned by the start date of the relationship (non-derogable requirement: the desk strategy is based on arbitrage and cross-market reading between Europe/United States).
• operational and research experience in the energy markets of the American continent — US gas and power AND Latin American power/gas markets — with direct knowledge of regulatory frameworks and price formation mechanisms, and proven ability to build supply and demand balances for US gas and power and to model hydroelectric, wind, and solar generation and load curves for Latin American countries.
• documented operational experience in the European emissions market (EUA) and LNG markets (JKM), combined with operational understanding of cross-commodity relationships between gas, electricity, coal, and oil (coal switching, clean spark and clean dark spread, oil indexing of LNG).
• proven ability to build from scratch the analytical apparatus of a trading vertical — S&D balances, fundamental price models, scenario engine, meteorological monitoring, and monitoring decks — for EU/US gas markets and for EU ETS, as a first or among the first additions to a similar structure.
• ability to develop and conduct both fundamental discretionary strategies and systematic strategies, with experience in backtesting and production deployment.
• advanced python and SQL; experience in machine learning and statistical inference applied to time series; systematic backtesting; design and production deployment of data pipelines and backtesting infrastructures on cloud platforms. Knowledge of other scientific languages and previous experience with production code is appreciated.
• recognized quantitative certification: CQF, FRM, CFA or equivalent, with skills in derivatives pricing, risk management, and financial modelling.
• mastery of major financial terminals, market data providers, and trading platforms, with the ability to access them also via API to automate analysis and reporting.
• experience coordinating a team or a quantitative research stream, with responsibility for method, standards, and production deployment of results.
• consolidated and active network of relationships with international financial counterparties in the gas and emissions markets.
• multilingual profile: fluent written and spoken English (working language of the desk and international financial counterparties) AND fluent written and spoken Portuguese, indispensable for the coverage of the Brazilian energy markets referred to in point 4 — the documentation