Senior Quantitative Analyst at Reel

Copenhagen Municipality, Capital Region of Denmark, Denmark -

Full Time

Start Date

Immediate

Expiry Date

23 Mar, 26

Salary

0.0

Posted On

23 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Yes

Skills

Python Programming, Quantitative Analysis, Energy Markets, Data Analysis, Machine Learning, Statistics, Probability, Algorithm Development, Risk Management, Collaboration, Bidding Strategies, Market Understanding, Production Code, Technical Insights, Teamwork, Problem Solving

Industry

Electric Power Generation

Description

Why join Reel? We are rethinking electricity to accelerate the transition to a carbon-free energy system. Electricity is one of the biggest sources of carbon emissions globally, yet most green power sold on the market today fails move the needle toward decarbonizing electricity production. At Reel, we empower companies to move beyond climate commitments and achieve real-world carbon reductions, by bridging the gap between renewable energy producers and consumers. We can't wait for you to join our cross-disciplinary team of developers, builders, and climate experts working to accelerate the transition to a net-zero energy system. How you contribute to the mission Reel's trading engine sits at the very heart of the company. We operate a fully automated trading setup, running 24/7, 365 days a year, with no human in the loop. Our trading team designs and builds the algorithms that unlock value from our customers' assets. We work as one team with shared goals, but over time each individual naturally develops a deep specialisation and ownership area. In this role, you will take a leading part in developing our trading engine by continuously designing, implementing, and refining automated trading strategies. Your core objective will be to manage risk while generating sustainable P&L. You will grow into a key market expert, initially focusing on the German power market, and play an important role in supporting our expansion into new markets. Along the way, you will become deeply familiar with our trading infrastructure and collaborate closely with the rest of the team to keep improving it. What your role will look like Take ownership of implementing new trading strategies and improving existing ones, for example by identifying intra-auction arbitrage opportunities or refining bidding strategies for flexible assets in ancillary services. Develop a deep understanding of the German power market, including TSO processes, market rules, and edge cases, and translate that understanding into improvements to our trading algorithms. Spend most of your time writing production-grade code and analyzing data to identify patterns and opportunities, working in a highly collaborative environment. Work closely with machine learning engineers, software engineers, and originators. When not researching or building strategies, you might be supporting the commercial team with technical insights to help win new deals. We think you will thrive in this role if… You agree with the motto: "In God we trust, all others bring data." You have a strong interest in energy markets, or are excited to dive into them and explore their full complexity. You set a high bar for yourself and take pride in your work. You enjoy working towards shared goals as part of a team rather than optimizing only for individual outcomes. Bonus points if you bring a good sense of humor and do not take yourself too seriously. You are a nerd about something, whether that is energy markets, beer brewing, hiking, sports, computers, board games or whatever else. You are a proficient Python programmer and have deployed code to production in real-world systems, with at least 3 years of professional Python experience. You have a quantitative background (engineering, mathematics, physics, computer science, or another STEM discipline) and are comfortable with statistics and probability. You may have worked in a quantitative trading role before, ideally in short-term power markets. If not, but you recognize yourself in some of the above, we strongly encourage you to apply anyway! Working at Reel At Reel, we care deeply about our people. We offer a workplace that values initiative, ownership and kindness, with ample room for personal and professional growth. We believe great teams are built by welcoming people with different backgrounds, perspectives, and lived experiences. You will join a tight-knit team on an ambitious journey, where the impact of your role will be visible and recognisable on a daily basis. Every colleague - from founders to student assistants - are in this together. We cherish focus and autonomy just as much as team work and setting time aside for having fun together - at our monthly socials, bi-annual offsites and daily coffee chats in our bright and spacious office in central Copenhagen, 2 minutes from the metro. We offer Attractive compensation: Compensation package consisting of a healthy base salary + warrant programme Vacation: Enjoy 30 days (5 weeks + 1) of paid holidays to recharge. Pension: Benefit from an employer-supported pension scheme, including health insurance program. Parental leave: We offer a generous parental leave policy. Equipment: Choose your preferred IT setup (Mac, Windows, etc.) with a budget of 25,000 DKK. Office: We have a vibrant office-first culture in a Central Copenhagen with a flexible remote work policy. Lunch: Enjoy a delicious lunch at the office every day - and get your daily caffeine fix from our espresso machine. Socials: We host monthly social events and bi-annual offsites, where we have fun, unwind and nurture our strong team spirit. Visa: We support non-EU residents by sponsoring VISAs. Location: Copenhagen. Interested? We are looking forward to hearing from you. We will review applications in early January on an ongoing basis - so please don't hesitate to apply. You can find more information about the interview process here. Unsure if you should apply? Research shows that men apply to jobs if they meet ~60% of criteria, but women and those in traditionally underrepresented groups tend to apply only if they check all the boxes. If you think you have what it takes but don't meet every single point above, please still get in touch. We'd love to chat and see if you could be a great fit! We encourage all candidates, regardless of age, gender, sexual orientation, ethnicity, religious beliefs, etc. to apply.

Responsibilities

You will take ownership of implementing new trading strategies and improving existing ones, focusing on the German power market. Your core objective will be to manage risk while generating sustainable P&L.