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Lead Commercial Analyst – Automated Flexibility Trading (m/f/d)

Madrid, Madrid, SpainPosted 1 weeks ago
Full-timehybridMid-Senior Level

Job Description

Working in Automated Flexibility Trading team 

The team is part of the Cross-functional Optimization department within Energy Management department. Energy Management is responsible for energy management of all Statkraft’s own and 3rd party assets and consumers in Europe, delivering production planning and access to physical energy markets. We also deliver weather, hydrology, climate and market analysis across Statkraft. 

The Automated Flexibility Trading Team is responsible for developing and implementing algorithmic trading and virtual power plant solutions that automatically trade and steer asset flexibility in real-time and run proprietary trading activities in order to commercially optimize Statkraft’s portfolio in the relevant energy markets. The exciting and innovative projects the team works on together with the trading desks are revolutionizing Statkraft's energy management operations and helping to keep Statkraft as a leading market participant in the complex energy markets of the future. 

The energy sector is currently facing a strong transition towards digitalization and automation driven by decentralisation of generation and increased market dynamics. To handle the resulting increased complexity efficiently, Statkraft makes use of algorithmic trading and virtual power plant solutions that automatically balance renewable generation, steer asset flexibility in real-time and run trading activities. These algorithms make millions of decisions per day to send orders to the power exchange and steer the physical assets 

Key responsibilities: 

The Lead Commercial Analyst in the Automated Flexibility Trading Team is a critical and multi-faceted role for the Southern European business.

The role combines elements of commercial ownership, analytical leadership, and strategic thinking. You will be expected not only to build and extend models, but to actively shape how flexibility is deployed and monetized– always with a clear view on risk, optionality and PnL impact. 

  • Own the development and improvement of automated trading and optimisation algorithms for flexible assets, with clear accountability for value creation. 
  • Extend, adapt and localise optimisation and trading frameworks for Southern European wholesale power and ancillary services markets 
  • Translate complex analytical outputs into clear, decision-ready pricing inputs and commercial recommendations 
  • Continuously challenge model assumptions, data quality and market representations based on observed fundamentals and market behaviour 
  • Act as a sparring partner to traders, originators and portfolio managers 
  • Contribute to the improvement of our algorithmic trading and monitoring systems 

About you: 

We are looking for professionals with backgrounds in Mathematics, Physics, Computer Science, Engineering or Business with the essential skills to future-proof our business and renewable energy solutions. That includes knowledge in: 

  • Excellent university degree, e.g. in mathematics, physics, computer science or business with strong quantitative focus 
  • Proven experience developing analytical, optimisation or trading models in a commercial environment 
  • High diligence and quality in coding and model development preferably experience in Python 
  • Experience in Spanish wholesale and ancillary services power market, ideally in optimizing and trading is a must
  • Ability to solve analytical problems under time pressure and navigate uncertainty 
  • Proactive and independent way of working, high reliability, strong communication skills 
  • Fluent in English, any other European languages are an advantage 

What we offer 

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities and our environment first. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. This includes: 

  • Unlimited learning opportunities at various levels of the organisation including Linkedin Learning and our internal competence development system “Motimate”
  • The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds 
  • The opportunity to work somewhere with pride, and to be able to honestly say “My work is contributing to saving the planet” 
  • A work culture that puts emphasis on the individual, offering flexible working solutions, parental leave and work life balance principles 
  • A focus on fun outside of work, supported by various activity groups Statkraft offers competitive terms of employment and benefits schemes, and we’re a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance. 

Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.

Lead Commercial Analyst – Automated Flexibility Trading (m/f/d) at Statkraft | Renata