Duke Energy Sr Quantitative Analyst in Charlotte, North Carolina
More than a career - a chance to make a difference in people's lives.
Build an exciting, rewarding career with us – help us make a difference for millions of people every day. Consider joining the Duke Energy team, where you'll find a friendly work environment, opportunities for growth and development, recognition for your work, and competitive pay and benefits.
This is the third level of the Quantitative Analyst classification hierarchy. Employees at this level manage work in a minimum of three areas of specialization, with minimal supervision. Incumbents are expected to develop advanced skills and to have the ability to work independently, with guidance limited to unusual or complex projects or issues. They are fully competent in use of concepts and procedures . They identify problems, develop solutions and take actions to resolve.
This position is responsible for the development, utilization and maintenance of the necessary models, procedures and systems required for a multi-commodity sophisticated trading and marketing organization. The models developed to guide our forward trading, portfolio management, and risk monitoring activities may involve unit commitment and dispatch models, exotic derivative pricing models, spread options, real options, Greeks, stochastic simulation algorithms, valuation algorithms, and closed form solutions. These models (including but not limited to unit commitment and dispatch models) should be developed in a manner in which distribution analysis, model parameterization, stress testing, back testing, and scenario analysis are easily performed and parameterized.
Examine and evaluate currents processes. Determine focus areas for improvement
Develop models to mimic current process/business rules. Evaluate potential opportunities for improvement/enhancement via advanced quantitative analysis (e.g. complex models, exotic derivative pricing models, spread options, real options, Greeks, stochastic simulation algorithms, valuation algorithms, and closed form solutions, etc.)
Communicate/educate and train at all levels in the organization. Present results/concepts resulting from model development
Utilize and maintain models. Tools include distribution analysis, model parameterization, stress testing, back testing, and scenario analysis
Research and keep abreast of the developing field of quantitative analysis determining how to best utilize different software tools and techniques used to value options. Continuously strengthen understanding of new energy industry issues
Ensure all work products and reports comply with both internal and external audit requirements
- Office environment
Master’s degree in a quantitative field such as mathematics, engineering, physics or other related discipline
At least 5 years of quantitative and/or analytical utility experience
A general understanding of electric, gas, oil or coal industries is desirable
Practical programming experience with statistics/mathematic software packages such as C++, SAS, or MATLAB
In-depth knowledge in areas of specialization (e.g. derivative pricing theory and risk management techniques, understanding of unit commitment and dispatch, etc.).
Relocation Assistance Provided (as applicable)Yes
Visa Sponsored PositionNo
Posting Expiration Date
Thursday, August 30, 2018
All job postings expire at 12:01 AM on the posting expiration date.
Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.
We are one of the largest electric power holding companies in the United States, supplying and delivering electricity to approximately 7.4 million U.S. customers. We have approximately 52,700 megawatts of electric generating capacity in the Carolinas, the Midwest and Florida – and natural gas distribution services serving more than 1.5 million customers in Ohio, Kentucky, Tennessee and the Carolinas. Our commercial and international businesses own and operate diverse power generation assets in North America and Latin America, including a portfolio of renewable energy assets.
Regardless of your skill set or specific interest, we're looking for the best and brightest talent in the industry. Our people make us great - and we're always looking for more. Find your career path today at Duke Energy, where it's more than a career - it's a chance to make a difference in people's lives.
Duke Energy is an Equal Opportunity Employer and complies with the laws set forth in the Department of Labor EEO Poster and Supplement.