Quantitative Risk Intern - Coventry, United Kingdom - E

Verified Company

Coventry, United Kingdom

1 week ago

Posted by:

Tom O´Connor

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Description

Quantitative Risk Intern

Here's what you'll be doing
We are E.ON and we're leading the energy transition. Providing smart, sustainable and personalised solutions for customers at home, in business and across entire towns and cities.

We make sure everything we do is focused on our customers, helping them with the major changes that are happening today and creating a new energy world that is decentralised, green, and interconnected.

We've been a driving force behind the UK's renewable revolution for more than 25 years and, as the UK's largest electricity supplier, we provide all our customers' homes with electricity backed by 100% renewable sources as standard and at no extra cost.

What you'll do:

Develop a model in Python to support an area of the commodity risk process, simulating contributory elements, such as volume variations, around a given forecast
Assess appropriate methods to produce these simulations, using historic data to calibrate parameters for the model
Coordinate with other teams to understand the key inputs, what data is available and how often, in order to accurately model the risk ranges
Liaise with other risk team members to ensure that the final model works alongside other sections of the overall suite of risk models
Produce documentation of the final model illustrating the mathematical concepts used, how the model works and instructions on how to operate it
Meet certain requirements for coding including
Flexibility, e.g. new business sectors can be freely added or removed
Capturing correlation, e.g. between business sectors, fuels
Interacting with other models using C++ where appropriate

What we need from you

Current studies towards any level a Maths/Stats based discipline
Interest in mathematical modelling and experience with Python/C++
Great communication skills and attention to detail
Comfortable working independently to set goals and objectives

Here's what you need to know

Flexible working arrangement (anything between 10 and 37 hours a week)
Flexible contract length to fit your studies (with a minimum commitment of 2 months), with flexible start and end date

- £23,000 pro rata salary

Hybrid working model (with a minimum of 40% in our Coventry office)
Guidance and supervision as and when it's needed
To learn about an ever evolving and developing industry
Interviews will begin week commencing 18th March 2024

At a glance

Reference no
:

222560

Closing date:

11/03/2024

Salary:

£23,000

Get in touch

About us
E.ON is a privately owned international energy company.

Our 75,000 colleagues in 15 countries work daily towards the improvement of technical innovations and user-friendly customer solutions for the new energy world.

We are the first large energy company to focus more heavily upon the energy of the future through our three business areas of energy networks, renewable energies and customer solutions.

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Location:

Coventry, GB