Senior Pricing Quantitative Developer

Fortum Näytä kaikki työpaikat

  • Espoo, Helsinki
  • Vakituinen
  • Täyspäiväinen
  • 20 päivää sitten
We are looking for a senior Pricing Quantitative Developer to lead Fortum's pricing modelling development.In this role, you will design, develop, and validate quantitative pricing models used for pricing physical electricity products, structured customer contracts and electricity derivatives. Your work will sit at the intersection of financial engineering, power markets, and asset modelling, supporting both standardised products and complex, bespoke customer cases.You will work closely with Pricing, Portfolio Management, Product Management, Corporate Risk, and application developers to ensure pricing models are robust, commercially relevant, explainable, and suitable for operational use through Fortum's pricing platform.Unlike a traditional pricing quant role, your work is also closely related to Fortum's asset modelling capabilities. Asset behaviour under varying price scenarios is a core building block for deriving pricing models for RES and hybrid portfolios.About the roleAs senior Pricing Quantitative Developer you will:
  • Design and develop quantitative pricing models for electricity products and tailored customer contracts.
  • Translate product terms, pricing mandates, and hedging principles into robust quantitative model formulations.
  • Apply financial engineering and numerical methods (e.g. stochastic modelling, Monte Carlo simulation, calibration techniques).
  • Assess model stability, sensitivity, and limitations across market regimes and scenarios.
  • Contribute to the development and evolution of asset modelling under price scenarios as an input to pricing.
  • Collaborate with Portfolio Management & Pricing to reflect hedging logic and risk treatment correctly in pricing models.
  • Engage with Risk to support independent review, validation, and approval of pricing models.
  • Document models clearly to support governance, auditability, and downstream implementation.
  • Support application developers during the integration of approved models into operational pricing tools.
About youYou bring:
  • Strong background in mathematical modelling, especially regarding probability theory and stochastic processes.
  • Experience applying numerical methods in a pricing or valuation context.
  • Familiarity with non-linear payouts
  • Familiarity with MILP, preferably applied to power markets
  • Strong Python skills for quantitative modelling and analysis.
  • Solid understanding of energy pricing concepts and key risk drivers.
  • Ability to explain complex models and assumptions clearly to non-specialists.
  • A structured, ownership-driven way of working.
It is an advantage if you have experience with:
  • Experience with Nordic power markets
  • Experience with asset modelling, optimisation, or scenario-based valuation.
  • Familiarity with forward curves
  • Production-grade quantitative development practices (testing, packaging, documentation)
We offer youThe possibility to bring your strong mathematical and financial engineering background to deliver a real impact in decarbonising Europe.
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 foundFor 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 .Interested?
Submit your application by 17.04.2026 at the latest. If you would like to hear more about the position, please contact Jussi Makela through e-mail Jussi.Makela@fortum.com.For Swedish candidates: contact details to union representatives can be found on the bottom of .To be selected for the position, the applicant must go through background clearance and a health examination.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