Energy Markets & Risk Analyst

Summary

Join Octopus Energy, a revolutionary energy company committed to 100% renewable energy, as an Energy Markets & Risk Analyst. You will optimize daily trading operations in OMIE and MIBGAS, manage risk, and translate data into strategic decisions. Collaborate with cross-functional teams, including Strategy, Finance, and Data Science, to align procurement and pricing strategies. Build and improve dashboards, risk reports, and forecasting models. Ensure compliance with market regulations and stay updated on market dynamics. This role requires a solid understanding of the Iberian energy market and experience in energy trading or risk analysis. Octopus Energy offers a supportive and flexible work environment with various benefits.

Requirements

• Solid knowledge of the Iberian energy market, especially OMIE and MIBGAS
• Minimum 2 years of experience in energy trading, risk analysis, forecasting, or similar roles
• Advanced proficiency in Python (Pandas, NumPy, Jupyter) and SQL, with the ability to build and maintain complex data models and analytical tools
• Familiarity with Git or other version control tools and experience working in collaborative, data-driven environments
• Ability to handle large datasets, detect patterns, and extract actionable insights
• Fluency in English and Spanish, both technically and interpersonally

Responsibilities

• Manage and optimize daily trading operations in OMIE and MIBGAS, ensuring efficient, strategic market participation
• Monitor hedge positions and market exposure, proposing swift actions to mitigate risks
• Support the execution of wholesale trades, collaborating with the Procurement and Market Risk team during critical periods
• Work cross-functionally with Strategy, Finance, and Data Science teams to align procurement and pricing decisions
• Build and improve dashboards, risk reports, and forecasting models using both internal and external data
• Analyze forecast accuracy and model performance to contribute to continuous improvement
• Prepare and submit regulatory reports to ensure compliance with market obligations
• Stay informed on regulatory changes or market dynamics that could impact our business

Preferred Qualifications

Experience with APIs or machine learning models is a plus, but not required

Benefits

• Share options in Octopus Energy
• Breakfast and fresh fruit in the office
• Flexible benefits (meal vouchers, transport, childcare, health insurance…)
• Support for purchasing electric vehicles
• Pension plan
• Product training & professional development
• Fun, dynamic and inclusive work environment
• Events: Family Dinners and many more team experiences