Quantitative Power Trader

What is Second Foundation?

Second Foundation is an energy trading firm originating from Europe with a US subsidiary in Houston, Texas. The primary focus is on power trading for which we turn data into market-beating trading strategies, using sophisticated mathematical models and cutting-edge technology. We pride ourselves with a low-latency technology stack.

The core team consists of top-class developers, quant analysts and traders who will use their accumulated know-how to create a state-of-the-art platform. We continuously upgrade and improve our models, trying to incorporate new data sources, including e.g. operational characteristics of power generation and transmission/distribution infrastructure. We are looking to recruit new Quantitative Power Traders with a strong profile in math, statistics and/or data science.

What would you work on as a Quantitative Power Trader?

• Executing trades in the various US power markets to generate profits against collateral and manage risks.
• Collaborating with other traders and analysts to optimize trading performance and to ensure compliance with risk limits and trading policies.
• Together with our analysts, analyzing market data and information sources to identify potential new trading opportunities in the US Power markets.
• Developing and implementing trading strategies that leverage market analysis and risk management techniques.
• Participating in industry conferences, events, and expert meetings to stay abreast of market developments and to network with industry peers.

In short: together with our team of US-based traders and analysts expanding the portfolio of power trading strategies, driving business and profit growth of our US power business, but also building a stellar reputation as a great place to work!

What makes you a great candidate?

• You have a Master's or PhD degree in mathematics, statistics, physics, data science or related discipline.
• You have an excellent quantitative background with a strong foundation in math or statistics.
• You have experience with Python (Python 3 and its Data Science toolkit).
• You are an independent, fast, and flexible thinker.
• You are curious and creative and like exploring new ideas, coming up with disruptive strategies.
• You have an interest in trading, experience in energy trading is not a must.
• You should be authorized to work in the United States.

Candidates without Master's degree but with a Bachelor's degree in mathematics, statistics, physics, data science or related discipline will need at least 24 months of full time experience in US power sector analytics or power trading to be considered.

What do we offer?

• Intellectually challenging work at the forefront of new technological developments around AI and machine learning.
• Spirit of a start-up, but without the challenges of having to secure external funding.
• Attractive compensation, with substantial bonus potential based on merit + generous benefits.