Senior Quantitative Analyst

At Fortum, you will work at the centre of the energy transition, contributing directly to sound, risk-aware decision making and enabling the growth of the company. You will have the opportunity to shape modelling and risk management practices at Group level, work closely with senior leaders, and develop your expertise in a collaborative and professional environment.

About the role

To support the control and the active steering of risks arising from Fortum’s businesses through the development and maintenance of the modelling framework. The role proactively supports senior decision-makers and strengthens strategic decision making, risk governance, risk processes and risk culture across the Group.

Key responsibilities will include but not be limited to:

• Take Group and Corporate Risk ownership of modelling responsibilities across defined portfolios and business areas, supporting risk assessments to P&L and balance sheet impact in line with the Risk Appetite Statement.
• Conceptual leadership as well as development and maintenance of Fortum’s risk modelling framework. Defining modelling standards, governance frameworks, validation methodologies ensuring methodological soundness and transparency.
• Provide senior decision support through recurring and ad-hoc modelling and analyses (e.g. exposures, stress and scenario analysis, hedge effectiveness, credit and collateral assessments).
• Be a recognised as a modelling expert and advisor, modelling complex risk topics into clear output for senior stakeholders.
• Coordinate cross-functional initiatives and sub-streams related to modelling management and development, collaborating closely with Business Areas, Treasury, Finance and other Risk teams.

Scope and decision authority

The role operates with a Group-wide perspective and is accountable for the quality, relevance and consistency of risk modelling and the modelling framework. The role independently identifies development needs and drives enhancements to risk modelling and risk and possesses the ability to support input selection as well as connecting input with output across both tactical and strategic horizons.

About you

• Master’s degree in Economics, Engineering, Finance, Mathematics or a related field.
• You have extensive knowledge, preferably from the energy business and/or of commodity or financial markets, derivatives, hedging strategies and P&L attribution.
• You possess a comprehensive understanding of risk modelling methodologies, including scenario analysis, stress testing, sensitivity analysis, Monte Carlo simulation, and distribution-based modelling.
• You can translate theoretical concepts into robust analytical tools that can be audited and maintained. You are proficient in Python, SQL, and Git, and have experience working with Databricks or similar cloud-based platforms and data visualisation tools.
• You are recognised for strong logical reasoning abilities in conducting quantitative analyses, producing comprehensive reports, and providing effective support within your business environment.
• You have strong English proficiency and can clearly present complex analyses to senior executives both verbally and in writing. Other Nordic languages are considered a clear advantage.

Key competencies and ways of working

• Ability to design new models tailored to complex business problems. Demonstrates the ability to perform model validation and stress testing. Can optimise models for scalability and stability and integrate models with systems.
• You take ownership and accountability, with a proactive and structured approach to development and problem-solving.
• You are curious, mastering critical and analytical thinking with the ability to challenge assumptions.
• You have strong collaboration and stakeholder management skills across functions and seniority levels.
• You show resilience and sound judgment under time pressure and in situations involving ambiguity or conflicting interests.

We offer you

At Fortum, we believe in a better future and want to be involved in shaping it. Our workplace is a safe place, both physically and mentally. You will grow with professional colleagues, being trusted and free to challenge yourself. We offer comprehensive benefits, flexible working hours, and hybrid work model to support your productivity, development and wellbeing. We are committed to build diverse teams where everyone feels included and is treated equally.

More information about our culture and benefits can be found here.

Espoo office is a smoke-free workplace.

For permanent employment with Fortum Sverige AB, you may be assigned a wartime posting within the organization. For further information regarding wartime posting, please refer to the Swedish Civil Defence and Resilience Agency.

Interested?

Submit your application latest on 10th of June. We start contacting suitable candidates already during the application period, the position may be filled before last application date. If you have questions and would like to hear more about the position, please contact Director, Risk Analytics Marcus Träff, marcus.traff@fortum.com

Contact details to union representatives can be found on the bottom of this page.

To be selected for the position, the applicant must go through background clearance and a health examination including drug testing.

We are Fortum

Fortum is a Nordic energy company. We generate and deliver reliable energy to our customers and the Nordic energy system while at the same time helping industries decarbonise their processes and grow. Our core operations comprise efficient and best-in-class low-carbon power generation, customer services, and heating and cooling. Fortum’s power generation is already 99% from renewable or nuclear sources with one of the lowest specific CO2-emissions in Europe. We are guided by our ambitious SBTi-validated emission reduction targets on our way towards net-zero by 2040. For our ~4,500 employees, we commit to be a safe and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com