Quantitative analyst for European Gas Trading

Are you skilled in stochastic modelling and pricing of vanilla and exotic options? Do you thrive on bringing models to the markets by devising hedging strategies in collaboration with traders?

Here’s what the job entails
In this role, your primary responsibility will be to develop, calibrate and maintain our models for pricing exotic options. You will be part of raising the bar for how we manage complex risk in our structured gas portfolio, and you will get to see your models being used for decision-making in a portfolio of significant size. You will work closely with our structured traders, quantitative analysts and software developers.

Your responsibilities include:

• developing models for pricing and risk-managing exotic options, such as gas storage contracts, swing options, vanilla options and transmission capacities
• maintaining and calibrating models to market signals
• building strategies for hedging and trading our structured gas portfolio in collaboration with the traders
• ensuring high reliability in automated systems for model calibration and delivery
  
  

Meet the team
You will join the Gas Modelling & Data team, where we ensure that the gas traders and portfolio managers always have the best information available to make the right decisions. Working primarily in Python, we build and maintain a large array of models and applications ranging from simple data visualisations to advanced asset pricing models and machine learning forecasts of fundamental trading signals.

Our team is part of the European Gas Trading unit which trades on the spot, prompt and forward gas markets and manages a large portfolio of flexibility, for instance gas storages. We therefore have a sophisticated landscape of systems and models to optimise value creation, and we are always developing.

We are a team of diligent professionals with diverse academic backgrounds and nationalities, who care about creating high-quality models and analyses through collaboration and knowledge sharing, but also a great deal of individual responsibility.

But enough about us… over to you!
As we operate in a complex and ever-changing environment, we picture you as someone curious and willing to continuously grow. As you will work with many different employees, from traders to quantitative analysts and software developers, we are looking for someone with great communication and collaboration skills.

We also imagine that you:

• hold a MSc or PhD (or are about to graduate) in a quantitative field, for instance mathematics-economics, financial engineering or mathematics
• have experience with modelling and pricing real and/or financial options
• have a deep understanding of modelling methods used for pricing and risk management of vanilla and exotic options, including stochastic and local volatility methods
• have a minimum of two years of programming experience in a relevant language such as Python
• are proficient in English – both written and spoken
  
  
  

Please note that prior knowledge of the energy industry is not required for this role.

We’ll take good care of you
At Danske Commodities, we take great care of our people. Joining us means you’ll get a lot of great perks – including social events, cultural experiences, tasty food and benefits to better your health, your life and your future.

Here are some of the benefits we offer our employees:

Flexible working hours including the option to work from home up to two days per week

Fuel Fridays a monthly Friday off with pay, except for July and December, to fuel your energy

Vast development opportunities with the help of your own individual development plan, access to our DC University with 50 courses as well as remote courses through Harvard Learning

Global career prospects as part of the Equinor group with 20,000 colleagues across the world

10% paid pension as well as a beneficial health care and insurance package

Great parental leave conditions including 26 weeks of paid maternity leave, 16 weeks of paid paternity/co-parent leave, paid pension while on leave and the opportunity to join ‘Inspired Beyond Babies’

Unlimited paid children’s sick days no limit on paid absence days in relation to child sickness

Extra days off five to be exact, every year – adding to the standard five weeks off each year

Senior days if you’re over 55 years old

Bonus scheme
Share savings meaning you have the opportunity to participate in our parent company Equinor’s attractive share savings programme

Paid at home internet and equipment including a mobile phone with paid subscription and IT equipment for when working from home

100 yearly social and professional events including DC Sports and DC Talks events, gatherings in our book club, bicycle club, student network, wine club, CS:GO team and more

Various free tickets to family-friendly and cultural attractions

Discounts at hotels, restaurants, sports clubs and more

Organic food including a light breakfast, lunch buffet and snacks throughout the day

An office in the heart of Aarhus right next to the central train station

…. and much more

Recruitment process and relocation
You can read more about our recruitment process here. Please note that if you are an international candidate, we will reimburse travel expenses in connection with potential interviews and support you with the relocation process.

What we’re about
We're a tech-driven energy trading company present in 40 markets across five continents. Our 600 people are driven by a need to constantly better things. If you are too, we could very well be the right place for you. You'll join a collective of thinkers and doers. Aspiring chefs, runners, parents, beekeepers, gamers – the list goes on. We're highly specialised experts within our fields. But it’s actually our diversity of ideas we’re most proud of, which is why we continuously work on strengthening an inclusive culture where diverse teams thrive.

Our organisation is flat with an open-door policy. We expect you to care. About your work. About your own and your colleagues’ collective successes. And about the difference we make at Danske Commodities. Together with our parent company Equinor, we have the vision and strength to accelerate the energy transition and make an impact. Like no other.

In summer 2025, we'll be moving to our brand-new headquarters in Aarhus. Our future home, Akson, will be located in Sydhavnskvarteret – a vibrant district where business meets culture. On top of being in this urban oasis, we’ll enjoy state-of-the-art facilities – including our own barista coffee shop, modern fitness facilities and breathtaking views that will make every day at the office even sweeter. We can't wait.