Women in Trading - Data Scientist

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About the role

Supporting women in Trading in the energy industry: At Octopus Energy, we’re on a mission to make energy fair, clean, and simple for all using technology. To get there, we need brilliant people with different backgrounds, experiences and perspectives helping us change the industry. Women make up around 49% of the overall UK workforce, yet they occupy only about 20% of UK data science roles and under 20% of positions on trading desks. In senior quantitative and leadership roles, that representation shrinks further. We want to help change those numbers by creating a collaborative and supportive environment at Octopus Energy Trading, one where women in data science can build confidence, sharpen their technical craft, and step into lead roles. We are actively encouraging applications from women to join our team across technical and trading roles. Forget traditional Trading floors! We have a unique culture within Trading; one of collaboration and genuine care about our colleagues. You don't need extensive experience working in Trading or Energy. We’ll give you the training, support and tools you need to thrive. Previous Data Science experience is needed, but we’d also love to hear from people with a broad set of skills. About Octopus Energy Trading: At Octopus Energy Trading, we’re on a mission to reshape the future of energy. As part of Octopus Energy Group, we’re creating an innovative approach to trading that will accelerate the transition to a Net Zero world. With the growth of renewables and a push toward decarbonising heating and transport, greater flexibility in the grid is essential. We are building cutting-edge technology to optimise everything from domestic EV charging to grid-scale batteries, to meet the global demand for energy flexibility. We’re looking for collaborative creators and curious problem-solvers to join us on this journey, bringing a diversity of experience and ideas to shape a more efficient, flexible, and sustainable energy system. With an increase in variable and distributed supply, using data for trading and forecasting has never been more important. Octopus has always had a tech-first approach, and our trading and analytics tools are all built in-house. We are looking for a data scientist who’s comfortable building data pipelines bringing together internal and external data to create market leading insights using both classical and ML techniques. This will include looking at demand, renewables and transmission system fundamentals forecasts focussed to begin with on the GB intraday power market. What You'll Do • Exploring the types of data needed to effectively trade the GB intraday power market • Building, improving and maintaining models to forecast electricity demand and renewable generation, primarily in GB but developing into all of Western Europe; • Finding high quality, novel data sources to base our forecasts off of; • Development on forecasting framework and tools; • Maintaining and automating forecasting processes, whilst building in checks and alerting; • Utilising these forecasting models to build or enhance our price forecasts • Collaborating with Trading, Renewables, Flexibility and other teams to utilise our combined knowledge and data. • Developing software and front end systems within our small team. What We Are Looking For • Proficiency in Python; • A good understanding of what forecasting techniques to use and the ability to build a simple baseline and quickly iterate; • Ability to communicate your approach, including its strengths and limitations; • Able to quickly understand commercial and industry concepts; • Team player excited at the idea of impact across varied projects; • Passion for driving towards Net Zero; • Keen to see your models deployed and impacting

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