AddressThe Power Quant Analyst role sits within the Algorithmic Trading Capability ( ATC) team which is part of the larger Commercial Asset Optimisation group within Shell Energy Europe & Africa (SE-EA).
The Power Quant Analyst will support activities related to the commercial optimisation of SE-EA's portfolio of power generation and storage assets in UK Wholesale, Balancing Mechanism ( BM) and Ancillary Services markets. The Power Quant Analyst will also contribute to the development of automated/systematic trading capabilities for flexible assets, renewables imbalance risk optimisation, and proprietary trading in the short-term power markets.
The SE-EA power portfolio is an industry leading mix of remotely operated distributed generation assets, flexible renewable generation and algorithmically controlled storage assets. The UK Short Term Power Analytics and Trading teams were the first team to ever control aggregated generation units in the UK Balancing Market and the first to ever control storage assets via the use of algorithms. The UK Short Term Power Analytics and Trading teams continue to be the market leader in terms of automated trading and asset optimisation.
The Power Quant Analyst will assist the team in building and monitoring its own bespoke trading and optimisation strategies and infrastructure across Battery Energy Storage System (BESS), renewables, thermal and spec scenarios. A range of modelling approaches are used including linear programming, deep and reinforcement learning.
What's the role?
The Power Quant Analyst will be accountable for the following:
- Contributing to the build out of innovative automated solutions for asset optimisation and trading.
- Supporting the development and commercialisation of algorithms to increase profits on the desk, including but not limited to the following use cases: trading and dispatch of flexible assets, optimising intraday PPA risk exposure, and proprietary trading in short term markets
- Ensure compliance with customer contractual obligations, market regulations, and other Shell policies
- Monitor power and gas markets, short term fundamental supply/demand across Ancillary and Wholesale markets, and SE-EE portfolio asset performance in Ancillary markets
- Collaborate with the team to build market insight and intelligence on the desk including developing new strategies, adapting to changing markets, and quantifying trading performance
- Provide strategic insight to help support the development/expansion of commercial opportunities within SE-EE Business Development
- Coordinate with the UK Short Term Power Trading team, Tech and Engineering to ensure successful physical dispatch of our assets.
- Act as a project lead for select initiatives on the desk, coordinating resources, managing projects to ensure timely delivery of results, and facilitating communications across the team
- Support the team in identifying strategic priorities and working collaboratively to improve performance, build profits, and manage risk
We would like to hear from candidates with exposure to MILP, Deep and Reinforcement learning alongside more conventional modelling approaches.
Besides this, we would like to see the following:
- Prior experience/knowledge trading and operating assets in Wholesale and Ancillary Service markets is beneficial.
- Experienced in Python with the ability to write production level code and/or prior experience in software development
- Knowledge of Microsoft Azure cloud computing services to build process automation and deploy bespoke quantitative tools, forecasts, and trading applications is a preference
- Comfortable working with large datasets and the ability to identify key insights
- A careful and detailed approach, ensuring that algorithms, systems, and tools operate correctly and profitably
- A curiosity and willingness to apply critical thinking to solving a range of challenges including optimal trade decisions, identifying new trading strategies, and applying data science and machine learning to support decision making
- Focused on understanding the bigger picture to ensure our work aligns with our long-term objectives
- Self-starter, with the ability to reprioritize with changing requirements
- Creative approach to solving problems, an openness to discussion, and a willingness to ask questions
- Strong communicator and comfortable working and collaborating across different teams
Flexible working
We are keen to support flexible working arrangements, subject to local regulations and legislative frameworks. If this is of interest to you, please describe in your application the type of flexible working arrangements for which you would like to be considered (e.g., part-time, job share).
About Shell UK
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