Quantitative Risk Analyst (f/m/d)

Risk Manager

E.ON Energy Markets GmbH (EEM) is a subsidiary of the E.ON Group based in Essen. Our main purpose is to coordinate access to trading markets for our regional business units, to bundle the associated chances and risks and to provide innovative services. With activities in various European countries, we shape the future of energy. We welcome all people and believe that diversity strengthens us. We offer full- and part-time positions.

Responsibilities

• Work in a highly experienced, collaborative, international, fun team that sits at the heart of E.ON’s new energy trading and procurement unit.
• Help shape the quantitative risk management function for a fast-growing trading portfolio spanning power, gas, options, complex financial and physical assets, and structured customer business.
• Take end-to-end ownership of models: from idea and research, through prototype, to robust, cloud-native production implementation.
• Develop, maintain, and enhance quantitative risk and pricing models for market, credit, and liquidity risk, including simulation and valuation tools for complex energy portfolios.
• Design and run Monte Carlo and scenario simulations to support decision-making on transaction, portfolio, and business level.
• Implement models and analytics in Python as part of a modern cloud-native stack (e.g. Azure, containerized services, Snowflake-based data platform), following clean code and DevOps practices (Git, CI/CD, testing).
• Use and further develop data-driven and ML-inspired approaches where they add value to risk management and pricing.
• Collaborate closely with Trading, Risk, Finance and Tech teams in agile projects to solve real business problems and deliver tangible value.
• Translate complex quantitative concepts into clear, actionable messages for senior, non-technical, and executive stakeholders and continuously explore new methods and research in risk modelling, quantitative finance and data science – and bring the most useful ideas into the production landscape.
• Mentor juniors, working students and interns, helping them grow their quantitative, coding and business skills.

Qualifications

• A Master’s or PhD in a quantitative field (Mathematics, Physics, Statistics, Financial Mathematics, Computer Science, Engineering or similar).
• 3+ years of experience in quantitative risk modelling, valuation, or pricing – energy trading experience is a strong plus, but we’re also open to candidates from other asset classes with genuine interest in power and gas.
• Strong Python skills and experience with the scientific stack (NumPy, pandas, SciPy, scikit-learn or similar). You write clean, production-grade code, not just notebooks.
• Solid understanding of stochastic processes, Monte Carlo simulation, and time series analysis; familiarity with derivative pricing, valuation and risk metrics (e.g. VaR, ES, sensitivities) is highly welcome.
• Practical exposure to data-driven / ML techniques for forecasting, scenario generation or model calibration is a plus.
• Experience working with databases and cloud / data platforms (SQL, Snowflake, Azure, or similar) is a plus.
• Excellent analytical and problem-solving skills, with a pragmatic mindset and strong attention to detail.
• A self-starter, hands-on mindset: you enjoy taking ownership, working in cross-functional teams and driving topics from idea to implementation in a dynamic environment.
• Willingness to work collaboratively: pair coding, code reviews.
• Very good communication skills in English (German and Italian are a plus) and the ability to explain complex topics to non-quants.

Benefits

• Flexibility: hybrid work model, flexible working times, sabbatical or additional vacation opportunities allowing great work-life balance.
• Working from abroad: up to 20 days in the European economic area.
• Flat hierarchies: interdisciplinary and very cooperative working style providing room for own ideas.
• Modern work environment: workplace according to digital and ergonomic standards.
• Personal growth: lifelong independent learning using a broad range of opportunities working with the newest technology and state-of-the-art training.
• Family service support: services in the areas of childcare, holiday care, nursing support or everyday assistance.
• Nutrition and health: wide selection of fresh meals and drinks in our subsidised bistro and canteen as well as various health offers (e.g. physiotherapy, flu vaccinations, mental health).
• Corporate benefits: employee share programme, pension scheme, employee discounts, special insurances (and much more).
• A central location: very good public transport connection, free parking and charging points for e-vehicles.
• Individual mobility: private car and bicycle leasing.

What you need to know

Contract type: Permanent

Work Model: Hybrid

Working time: Full time; Part time

Company: E.ON Energy Markets GmbH

Location: Essen

Function area: Trading

Inclusion

It is important to us that people with disabilities have access to a fair application process, providing them with an opportunity to shine. Therefore, our representative body for severely disabled people will be included in the process from an early stage. Please let us know via the application form if you require technical or organisational adjustments during the application process. We will strive to make the required aids available.

Do you have questions?

For further information please contact Linda Sloboda, If you are already convinced that this is the next step in your career, we would be happy if you would register and apply online (ID  ). Please only use our official application portal to apply. We cannot consider applications sent via email. We appreciate your understanding.