Meteorologist

  • Location

    Switzerland

  • Sector:

    Gas, Power and LNG

  • Salary:

    Competitive

  • Contact phone:

    07436 338 241

  • Job ref:

    J7365

  • Expiry date:

    17/09/2021

  • Start date:

    ASAP

  • Consultant:

    Rebecca Holland

We are delighted to be working on behalf of an established, integrated energy business based in Switzerland.

We are looking for an experienced Meteorologist with a detailed understanding of financial derivatives, including weather derivatives and their constituent components to join the Power Trading team to formulate/communicate weather forecasts to support the company’s energy trading activities.

The chosen candidate will be responsible for generating pan-European daily/weekly/monthly weather forecasts as needed by trading desk, providing input into trading decisions that may result in the establishment of large speculative and hedging trading positions. Communicating high impact weather events that may move both gas and power markets and developing a proprietary long-term seasonal forecast across Europe for both the trading desk and the Company management team.

Responsibilities

  • Generates nationwide daily/weekly/monthly forecasts by 5:30 AM, which include both the expected consensus forecasts and the meteorologist’s expected actual forecast. Required to provide input into actual trading decisions impacted by weather forecasts. As needed, generates hourly load forecasts for proprietary variable load shapes, including requirements and partial requirements customers. As needed, generates hourly load forecasts for proprietary renewable resources.

  • Completes mid-day model run updates and associated commentary for trade desk. Provides late afternoon weather update for the next trading day(s). Provides evening commentary on long range weather models on Monday and Thursday evenings, with weather updates on all market durations on Sundays. Responsible to communicate significant weather events that may have an impact on traded gas and power markets.

  • Responsible for providing, and updating on a regular basis, long term seasonal forecasts for regions of the country actively traded by the Company. Required to provide input into trading decisions impacted by weather forecasts. Also studies and provides reports on weather influenced variables that may impact gas and power market prices.

  • Uses extensive knowledge of financial derivatives, including futures, swaps, options, weather derivatives, and HDD and CDD swaps, to support trading and analytical staff to value and price various origination products.

Requirements

  • BS in Meteorology (MS preferred).

  • Demonstrated aptitude with numerical weather prediction models and statistical programming languages such as VBA, Python, SQL, etc. required.

  • Minimum of seven years of experience in a fast paced, real-time weather forecasting environment required.

  • Preference will be given to individuals with 4 - 6 years of weather forecasting experience while working in a commodity trading environment.