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Olten - 100% | Permanent
We are excited to recruit for this newly created role as part of our trading transformation journey. Reporting to the Head of Quantitative Model Development, you will play a key role in building and enhancing our analytics framework. This position offers an excellent opportunity for an experienced professional to apply best practices and make a meaningful impact. At the same time, we welcome motivated junior candidates who are eager to grow and develop within our team. The role is based in Lausanne or Olten, Switzerland. Relocation support will be provided.
Your accountabilities- Develop and enhance advanced optimization and valuation models for physical assets (e.g., CCGTs, coal plants) and structured energy products (e.g., gas storage, swing contracts).
- Implement and improve stochastic dynamic programming approaches for optimal dispatch and valuation (e.g., Least Squares Monte Carlo for flexible assets).
- Calibrate models using market and fundamental data.
- Generate risk metrics and sensitivities to support Trading and Risk functions
- Back-test models using historical market and operational data.
- Design and implement stochastic models for power and gas prices.
- Improve scalability and numerical performance of valuation frameworks (e.g., parallelization, vectorization, efficient numerical methods).
- Collaborate closely with Structuring, Trading, Risk, and other stakeholders to translate market dynamics into quantitative solutions.
Your profile
- University degree (preferably PhD) in Mathematics, Physics, Electrical Engineering, or a related quantitative field.
- Relevant experience in power and/or gas markets, with understanding of physical asset behaviour (flexible depending on seniority level).
- Strong background in deterministic and stochastic modelling, optimization, and Monte Carlo simulation methods (experience with LSMC is a plus).
- Knowledge of financial derivatives and structured products.
- Strong programming skills in Python, plus at least one additional language (e.g., C#, F#, C++, Java, Scala).
- Strong communication skills and ability to collaborate effectively with front office and cross-functional teams.
- Fluent in English; additional languages are a plus.
- Willingness to relocate to Lausanne or Olten, Switzerland.
Your benefits
Competitive salary package
Market-oriented salary
Training and development
Diverse opportunities for career growth
Flexible work models
Various flexible work models
Inclusion is at the heart of Alpiq
At Alpiq, we are committed to creating an inclusive work environment, where everyone can bring their ‘whole selves’ to work and feel valued, respected, and heard. This principle is central to our company’s purpose, values, and leadership approach. We strongly believe that organizations thrive through the inclusion of diversity. Everyone’s energy matters regardless of characteristics, such as age, gender, nationality, language, sexual orientation and identity, religion, social or ethnic background or any other personal traits.
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At Alpiq, data privacy is an important topic. Please therefore take note of the corresponding Privacy Notice that appears in the online application form and explains in detail the purpose for which we process your personal data. It is of great concern to us to inform you as transparently as possible and process your data only in a fair manner.