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Graduate Job Quantitative Risk – Graduate Scheme

Vacancy Type: Graduate Job
Employer: npower
Reference: np7gp
Salary: £27,000 + company benefits  

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EXPIRY NOTICE: This job has now expired and will not be accepting any more applications.

Location: Solihull (West Midlands) & Swindon

This scheme is aimed at those with a highly specific postgraduate degree (based around financial mathematical modelling) and direct commercial experience in this area. 

The Quantitative Risk Graduate Scheme trains future specialists in quantitative finance and risk management. Once the placements are finished you could be sent out to teams across the whole business.

You'll help evaluate and manage the risks that come from our dealing on wholesale commodity markets. You'll apply all your academic understanding of quantitative finance to real situations and face real commercial issues.

And as well as being managed by a senior team member, you'll be encouraged to network within your team and location. All graduates on the Risk Scheme are mentored by a director, so you'll have the opportunity to shine from a very early stage of your career.  

And when we say responsibility, we mean it. We'll give you as much as we think you can handle. The more the better. That way you'll make contacts quicker and learn how the business works. 

If you find your feet on the first placement, you may even have the chance to stick with it rather than move across the further placements. We'll accommodate you wherever we can. If coming off the scheme is right for you and right for our business, then we'll do just that. One thing is always true: your placements will be on high-profile projects with clearly defined objectives, and you'll be presenting your findings to senior management the moment you start.  

It’s a complex area and I’ve asked a couple of the managers in the business to try to explain it better.  

How do you see quants fitting into our overall business in general terms?

The management of risk is a fundamental part of our business.  Each year npower manages hundreds of millions of pounds of market risks alone in order to deliver excellent products and services to its customers - from large corporates to small households.  A key to that success is recruiting and retaining talented quantitative graduates who can harness cutting edge modelling techniques to drive forward improvements in the way we manage, monitor and innovate solutions to business risk.  But it's not just in purely technical areas where quantitative risk graduates add value.  Our experience shows that the blend of analytical thinking, problem solving and ability to manage complexity which quantitative graduates bring to the table is just what is needed to drive forward development and delivery across a wide spectrum of business projects and activities. 

What you see as the key benefits for grads and for us of the risk scheme?

Our programme provides you with a structured opportunity to get real project experience from Day 1, under the guidance of passionate and personable mentors and line managers, with three individually designed and selected placements covering core quantitative risk management competencies - technical modelling, risk control and stakeholder management.  Additionally, we believe in giving all graduates a broadening placement to contribute at a more strategic level, or in an innovative growth area of the business.  At the end of these placements, you'll be well equipped to take up a quantitative analyst role in our business - whether this is in risk control, market risk analytics or trading. Also few industries are facing as drastic and imminent a set of changes as the energy industry. Renewables, nuclear, smart grid, smart home, electric mobility, decarbonisation etc. Each of these things will bring new interesting problems to solve and give graduates opportunities to develop a niche of expertise or a wide range of experience. 

What grads might expect from the risk scheme in terms of both day to activity
and personal/professional development?

We recognise that today's professional quantitative risk manager needs to hone technical skills, keeping abreast of new developments in quantitative finance and modelling, while mastering the interpersonal and business skills necessary to apply these effectively day to day.  We'll ensure that you're equipped with appropriate tools and training in modelling techniques, risk management tools and programming languages, but as importantly, we'll commit to your wider skills development in areas including presentation, negotiation, change management and giving you a framework to manage and develop your own career across the group.  At the end of your training period, the projects you have delivered will have given you already a powerful CV allowing you to demonstrate your technical prowess and business drive, and you'll be well prepared to take that next step in your career with the company. 

What sort of career paths and progression opportunities exist for quants in
npower?

You can take your career path in one of a number of directions - some graduates choose to specialise and deepen expertise around technical areas (e.g. market risk analysis, risk modelling), others choose to develop in a leadership capacity, taking responsibility for leading and coaching a team of analysts and managing the relationship with stakeholders in terms of project management and specification of requirements.   Beyond that, the sky's the limit: opportunities exist right across the organisation both in the UK and in RWE companies across Europe to provide the appropriate blend of business, technical and leadership exposure to suit your preferences and development priorities.

Click 'apply now' to send your CV and apply!

Location: South West England, UK locations, West Midlands

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