Algorithmic Power Trader

Key Skills

Data Analysis, Effective communication skills, Flax Programming Language, MATLAB Programming, Python Programming, R Programming

Job Description

Salary: Competitive, DOE + performance-based bonus - 0% tax environment + Equity participation.

About Cobblestone Energy

Cobblestone Energy is an energy trading company, specializing in the Great Britain and European wholesale electricity markets. Founded in 2017, we are part of the next generation of companies defining the future of global commodity trading. Our advanced data analytics and extensive research drive profitable decision making, trading enough electricity every day to power a small country, and growing every day. Technology and risk management form the backbone of our business.

At Cobblestone Energy, we value diversity and believe in hiring extraordinary talent from around the world. Our flat organizational structure fosters a culture of innovation, giving team members complete ownership of their work and ensuring that ideas come from every level. We believe in providing unlimited growth opportunities to our people, along with constant feedback and support, which allows us to cover our vulnerabilities and grow as a team in new and interesting ways.

Cobblestone Values

• Lifelong learning with continuous reflection
• Independent thinking through a meritocracy of ideas
• The team is more important than the individual.
• Being the best in any market we enter
• Hiring and keeping only the most effective people
• Others must benefit from our existence.

Job Summary: As an Algorithmic Power Trader, you will be responsible for developing and executing algorithmic trading strategies in the continental European power markets. Your primary focus will be on analysing market trends, identifying trading opportunities, and implementing automated trading algorithms to optimize trading performance. You will work closely with the trading team and utilize your quantitative skills to contribute to the company's overall trading success.

What we offer in this role

• A full-time position on our Commercial team
• Committed and remarkably talented colleagues.
• Highly competitive compensation dependent on performance
• An exciting, challenging and fulfilling career.
• Investment in your development to ensure that you always remain the best in business.
• Equity participation to align long term interests.

Responsibilities

• Develop and implement algorithmic trading strategies in the European power markets with a focus on identifying profitable opportunities while managing risk exposure.
• Build and maintain trading algorithms and models to execute trades in an automated manner.
• Conduct research on market fundamentals, regulations, and pricing models to enhance trading strategies.
• Stay up to date with market developments, industry trends, and technological advancements in algorithmic trading.
• Collaborate with the technology team to enhance trading infrastructure and systems.

Requirements

• Bachelor's degree in finance, economics, mathematics, computer science, or a related field. A master's degree is a plus.
• A track record of success in Algorithmic trading, with at least one year of experience in pan European trading.
• Proficiency in programming languages such as Python, MATLAB, or R for algorithm development and data analysis.
• Excellent quantitative and analytical skills, with the ability to interpret complex data and identify trading opportunities.
• Strong communication skills to effectively collaborate with cross-functional teams.
• Ability to work in a fast-paced, dynamic trading environment with tight deadlines.
• Knowledge of risk management principles and regulatory frameworks in the energy trading industry.