EDF Trading

Quantitative Analysis intern

EDF Trading  •  Paris, FR (Hybrid)  •  13 days ago
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Job Description

When you join EDF Trading, you’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches, and think outside the box.

Energy markets evolve rapidly, so our team needs to remain agile, flexible, and ready to spot opportunities across all the markets we trade in power, gas, LNG, LPG, oil, and environmental products.

EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field. Energy is what we do.

Become part of the team and you will be offered a great range of benefits, which include (location dependent) hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessments, corporate gym memberships, an electric car lease programme, childcare vouchers, a cycle-to-work scheme, season ticket loans, volunteering opportunities, and much more.

Gender balance and inclusion are very high on the agenda at EDF Trading, so you will become part of an ever-diversifying family of around 750 colleagues based in London, Paris, Singapore, and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group - a world leader in low-carbon, sustainable electricity generation.

Join us, make a difference, and help shape the future of energy.

Department

Energy Market Quantitative Analytics (EMQA)

The EMQA team is part of the front office organisation. The purpose of the team is to produce systematic strategies and build automated execution solutions through research and technical implementation.

Position purpose

The objective of the internship is to develop and implement a market impact model applied to the continuous intraday power market. A market impact model quantifies how trading activities affect prices, helping traders to make informed decisions while managing risk and transaction costs.

The intraday power market is a short-term electricity trading market that operates after the day-ahead market, allowing participants to buy and sell power continuously up to shortly before delivery. It enables market actors – such as utilities, traders, and renewable producers – to adjust their positions in response to changes in demand and generation. The intraday market exhibits high volatility and varying liquidity which makes market impact modelling particularly relevant.

Main responsibilities

  • Develop an understanding of the microstructure of the intraday power market – namely short horizon price dynamics – through liquidity, volatility, and order book behaviour
  • Design and implement a market impact model - building on your analysis and relevant literature
  • Use a robust approach to backtest and validate your model
  • Implement your model in systems used for the backtesting of strategies
  • Collaborate with our team and the intraday traders to understand the project requirements and translate findings into actionable improvements for systematic trading strategies.

Person specifications and professional requirements

  • Quantitative background (Maths, Physics, Engineering...)
  • Strong analytical skills
  • Strong interest in energy markets
  • Coding skills in Python and C# ideally
  • Good communication skills

Duration:

6 months, starting February/March 2026

Hours of work:

35 hours/week, Monday to Friday

EDF Trading

About EDF Trading

EDF Trading is a leader in the international wholesale energy markets. We manage a portfolio of assets which give us the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable us to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and our third-party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets. We are also active in the LNG and coal and freight markets via JERA Global Markets. We are one of the largest wholesale market traders in Europe for power and gas. In North America, we are one of the leading marketers of gas and power, one of the main providers of generation services for power generation companies and a leading energy retailer for large commercial and industrial customers.

We are a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production.

EDF Trading recognises the importance of attracting, retaining and developing diverse world-class professionals. We identify, foster and reward all talent, valuing and leveraging the diversity amongst our people to offer creative and innovative products and services to the EDF Group and our third-party customers. We have a culture that enables us to be forward thinking and agile and at EDF Trading, individuals can really make a difference. Everyone shares a common vision and a team spirit that encourages people to make things happen. EDFT is about working together, embracing the challenge and delivering exceptional customer service.

With offices in London (Headquarters), Paris, Houston and Singapore, we have a cosmopolitan mix of more than 35 nationalities from our global employee base of around 800 people.

Photo: c. EDF

Industry
Oil, Gas & Mining
Company Size
501-1,000 employees
Headquarters
London, GB
Year Founded
1999
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