ABOUT US (GEMS)

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation. 

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,300 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our +120,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 expertise:

• Asset management
• Energy transition services
• Energy supply & global commodities
• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

MAIN ACTIVITIES

Integrating the quantitative analyst team is a huge opportunity for you to work on financial modeling and IT development:

• Financial modeling: Stochastic pricing models, XVA, VaR, SVaR, CVaR,…
• IT development: C#, python, and big data (Amazon web service, Dataiku)

PRICING MODEL VALIDATION

• Be in direct contact with traders, and pricing model designers to understand derivatives, and stochastic pricing models ;
• Challenge theoretical model design and measuring model risk ;
• Develop in C# validated stochastic models ;
• Develop in C# alternative stochastic models.

MARKET AND CREDIT RISK MODEL DESIGN

• XVA, VaR, SVaR, and CVaR, model designer ;
• Improvement of stochastic models to implement in the risk engine ;
• Interact with risk team and trading team, to understand the problem, and propose some theoretical and technical solutions ;
• Develop and test model in python ;
• Work with IT team for risk engine implementation ;
• Develop “ad hoc” pricing tools and prototypes used by the FO, leveraging on the pricing library and potentially developing customized tools.

MODEL ONGOING MONITORING

In a big data environment (python + Amazon web service), ensure model quality over the time ;

• Challenge exotic parameter of pricing model ;
• Design, implement, and automatize pricing model quality metrics ;
• Calibrate stochastic model risk under historical probability.

HARD SKILLS 

• Knowledge of stochastic models applied to derivative pricing and risk modeling ;
• Knowledge of statistic (hypothesis testing, time series, regression analysis) ;
• Good object-oriented programming skills (C#, Python) in order to develop autonomously prototypes & models ;
• Knowledge of Amazon web service or other Big data environment would be appreciated ;
• Some experience in Commodity Markets would be appreciated.

SOFT SKILLS

• Analyzing complex problem, conceptual thinking, rigor ;
• Ability to explain and convey messages about complex issues ;
• Working together, ability to work in a collaborative environment.

EDUCATION / SENIORITY

• University degree (Master or PhD) in Financial Engineering, Applied Mathematics, Statistics, Physics, Engineering, Computer Sciences ; 
• Confirmed experience of at least 3 years as an quantitative analyst pricing and risk model.

LANGUAGES

• Fluent in English

ABOUT ENGIE

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

If you meet these requirements, then you are the talent we are looking for. Do not waste time! 

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provide equal employment opportunities for all individuals. 

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you. 

Power Asset Optimizer Intraday

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 areas of expertise :

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context:

Within GEMS, the mission of the business platform Short-term Power as-a-Service (SPaaS) is to deliver services and value for clients on the short-term power markets through strong business expertise and a digital experience. The Power Asset Optimization (PAO) desk within SPaaS supports a large range of internal and external customers in Central Western Europe (CWE) by providing power asset optimization services on the day-ahead and intraday markets. PAO aims at delivering spot value for the different power plant technologies in the CWE portfolio while respecting the contractual, regulatory and compliance frameworks in order to avoid any penalties.

We are currently looking for a Power Asset Optimizer for Intraday (PAO ID) in Brussels to strengthen our team. The mission of the optimizer consists of a series of operational activities performed in 24/7 shifts that lock the highest possible value for each asset across the intraday markets available to them. If these activities appeal to you and you meet the requirements below, then you are the talent we are looking for. Do not waste time!

Role:

As a Power Asset Optimizer for Intraday, your role will be to take part in the daily (24/7) asset optimization activity, which includes:

• Carrying out continuous optimization runs for the portfolio of assets in CWE (including nuclear, coal, gas-fired, CHP, biomass and pump storage plants) and exposing accurately the flexibility from the assets to the traders from the Short-term Trading (STT) team for its trading on the continuous intraday markets.
• Preparing asset bidding strategies for the portfolio on the intraday auctions (taking place every day at 15h00, 22h00 and 10h00), that arbitrate opportunities between these auctions and the continuous, the ancillary activation and imbalance markets (where applicable).
• Ensuring a thorough understanding of the P&L of every asset, a comprehensive reporting of the intraday activity and a transparent logging of all relevant transactions in the deal capture systems in use.
• Contributing to the simplification and digitalization (automation) of the activities of the desk, including the development of algorithmic solutions to prepare bidding strategies in the markets concerned.

 Qualifications:

• Master’s degree in engineering or any other quantitative discipline (economics, computer science, finance, etc.).
• Willingness to take part in a rotating, on-duty shift system (24/7) requiring work outside standard working hours (i.e. morning, evening and night shifts), during week-ends and bank holidays (with the appropriate compensation).
• Good understanding of the economics behind power plants, their technologies and how they are exploited in European power markets. Here energy enthusiasts are very welcome: if you have a solid understanding of energy markets and a passion for risk management and asset optimization, we're excited to meet you. Your experience in these areas will be highly regarded.
• Bring your analytical skills, attention to detail and structured approach to make a meaningful contribution. We will value highly your ability to take the initiative and bring new ideas to the table.
• A team player with strong communication skills: join a team where your ability to work with colleagues from other teams and different backgrounds comes naturally to you and helps ensure operational excellence and sound project delivery.
• Coding skills in languages like Python and VBA are a plus, but we're equally interested in your willingness to learn and grow. We offer a supportive environment where you can enhance your skills.
• Fluency in English, with Dutch and French seen as a particular advantage.

What do we offer:

• A window to the intraday power markets in all CWE countries.
• The opportunity to optimize power plant portfolios with predominant positions across Europe, and that include state-of-the-art thermal and pump storage assets.
• A position to liaise and cooperate with intraday traders, risk officers, forecasters, power dispatchers, middle- and back-office counterparts for a complete portfolio optimization experience.
• The means to develop coding skills in languages commonly used today.
• Engagement with a stimulating role that embraces constant evolution. Challenges arise daily, offering opportunities for creative problem-solving and intellectual growth.
• Flexible work arrangements aimed at facilitating a healthy work/life balance, including allowances to work from home and abroad.
• The possibility to grow professionally in one of the leading players of the European energy sector.
• A positive and collaborative work culture, where every voice is valued.

 Location:

• Brussels

If you meet these requirements, then you are the talent we are looking for. Do not waste time! 

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provides equal employment opportunities for all individuals. 

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you. 

#YOUNGGRADUATEBE

About ENGIE:

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, power, renewable energy, services) to offer competitive solutions to our customers. With our 96,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Power Asset Optimizer

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.  

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization. Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 areas of expertise :

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context :

ENGIE Global Energy Management & Sales has a global presence where its Short Term activities are organized from 8 offices worldwide. From there we operate the gas & power markets twenty-four hours a day, seven days a week.

We balance our portfolio and the portfolio of our customers which  includes wind and solar, thermal, hydro & storage solutions and will give you a full oversight how physical markets are working and how we are evolving towards a Net Zero Carbon society.

As part of this exciting environment you will be able to fine-tune your skills in a one-stop shop to learn all about: portfolio optimization and operations, contractual complexities and obtain an exhaustive view of the Short Term physical markets.

This role will be organized in the Expertise Center Short Term and is part of a people development program were we want to steer and support talented profiles in our shift teams.

By taking part in this program and after your training and first mission in your country of residence, you will have the opportunity for a one year mission abroad in another shift team.

Role :

As Power Asset Optimizer, you will play a pivotal role to to maximize the revenues on phower physical markets for the ENGIE power portfolio. You will be responsible for:

• Delivering value for power production units by developing optimization strategies and running optimization runs for the portfolios of Engie and its clients.
• Creating bidding strategies that models accurately the constraints of each asset; exploits the use of all smart bidding products available; and minimizes the exposures of the portfolio all while maximizing revenue and ensuring the physical balance.
• Leveraging our market expertise and act as a single window to the intraday Market in order to cover the real time physical needs of our customers (assets, renewable, clients,...).
• A thorough understanding of the P&L of every asset and a comprehensive reporting of the day-ahead activity & coordinating the intra-month production and maintenance planning

Hard Skills :

• Must have:
  • Any interdisciplinary skills: Economical (trading, risk management), Financial (P&L, Reporting) & Digital (Data, Coding, PO)

• Good to have:
  • Any knowledge of physical power and gas markets

Soft Skills :

• Must have:
  • You demonstrate a pragmatic, economic and logical attitude combined with problem solving skills
  • You are able to perform in stressful circumstances with tight deadlines
  • You are looking forward to collaborate with others and be part of a team
  • You have a thirst for learning and easily take initiative
  • You are willing to perform in 24/7 shift schedule

Education and professional background:

• Bachelor or master in relevant studies (Engineering, Economics or Digital)
• Professional experience on energy markets and/or digitalization is a plus. 

Languages :

• You are fluent in English. Dutch or French is a plus.
• Other EU language will be required for a mission abroad.

Travel : 

Your first mission is based in Brussels, travels to Paris occasionally.

If you meet these requirements, then you are the talent we are looking for. Do not waste time !   Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provides equal employment opportunities for all individuals. All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you. 

#YOUNGGRADUATEBE 

About ENGIE:

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, power, renewable energy, services) to offer competitive solutions to our customers. With our 96,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

What You Can Expect

As a Power Grid Modeling and Forecasting Advisor, you will report to Congestion Trading Director and will develop long term grid scenarios for the California Independent System Operator (CAISO)/Western Electricity Coordinating Council (WECC) footprint and forecast nodal price curves using production cost modeling tools.

• Develop and execute appropriate scenario studies pertinent to the period of study and systematically analyzing the results
• Execute production cost models - Day-Ahead Locational Market Clearing Prices Analyzer (Dayzer) by systematically analyzing and updating the inputs as appropriate
• Develop systematic and repeatable approach to analyze and form fundamental views with respect to macro-trends
• Analyze and determine drivers of Day Ahead and Real Time congestion market outcomes based on macro-fundamentals (supply, demand, renewables) and micro-fundamentals (specific transmission and generation outage impacts, bids, facility limits)
• Identify model gaps by calibrating the model results to market outcomes and determine appropriate solutions
• Recommend and implement process improvements to the enhance fundamental trading
• Participate in Independent System Operator (ISO) meetings as appropriate and assess commercial impacts
• Collaborate with IT personnel to maintain and improve relevant tools
• Develop and maintain dispatch and flow models, communicating fundamental developments and views to stakeholders
• Build models to track market fundamentals and regularly benchmark against actualizations

What You’ll Bring

• Master’s degree in which you completed courses in relevant disciplines (Engineering/Business/Finance etc.)
• A minimum of seven years professional experience
• A minimum of five years of grid planning or wholesale electricity market experience in CAISO/WECC or relevant ISO
• Strong understanding of power grid optimization, powerflow shift factors, line-outage distribution factors and contingency analysis
• Strong analytical skills
• Clear and effective communicator
• Willingness to engage in dialogue and debate with colleagues
• Proficient in coding such as Structured Query Language (SQL) and Python
• Knowledge of statistical techniques

Additional Details

• This role is eligible for our hybrid work policy
• Must be willing and able to comply with ENGIE’s policy with respect to COVID vaccination and testing 
• Must be willing and able to comply with all ENGIE ethics and safety policies 

Compensation

Salary Range: $112,000 – $172,500 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors. 

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match.  But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it!  Join us as we develop energy that is renewable, efficient, and accessible to everyone.  

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion.  We do so for the benefit of our employees, customers, products and services, and community.  ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment.  All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

This role is eligible for sponsorship.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.