Quantitative Risk Analyst

Base

Location:

You will be expected to spend 50% of your working week in our Glasgow, Perth or Edinburgh office

Salary: £58,100 - £87,100 + performance-related bonus + a range of benefits to support your finances, wellbeing and family.

Working Pattern: Permanent | Full Time | Flexible First options available

As a Quantitative Risk Analyst within Energy Markets (EM), you’ll join a close-knit Market Risk team that supports confident, well governed decision‑making across SSE’s wholesale portfolio as we progress towards net zero. You’ll take a thoughtful, analytical lead on developing and enhancing the numerical techniques that measure and forecast market risk across physical assets and non‑standard bilateral contracts, working in partnership with Trading, Commercial quants, and data/engineering colleagues.

This is a role where your care for detail, curiosity, and ability to explain complex results with clarity will be genuinely valued, helping stakeholders understand the “why” behind risk exposures and enabling balanced, informed choices.

• Design, enhance and implement market risk models (e.g., Monte Carlo simulation and stochastic techniques) to quantify and forecast exposures across GB renewables and thermal assets, with scope to broaden into European markets
• Build and maintain clear, trusted risk metrics and reporting (VaR, EaR, stress testing), bringing structure and creativity when working with high‑frequency and large data sets
• Partner with data and engineering teams to translate robust quantitative approaches into production‑ready code that strengthens risk analysis and reporting
• Support the development of systematic trading by providing independent risk review, helping teams identify, assess and manage risks across strategy workflows
• Communicate model results and key risk drivers with warmth and confidence. Supporting senior leaders, traders and committees to build shared understanding and make sound decisions

• Proven hands‑on experience developing and validating market risk models in commodities or financial markets, with a strong grasp of model lifecycle from concept through to production
• High proficiency in Python and SQL for numerical modelling and data analysis, and comfort working with cloud/data platforms (e.g. Databricks, Azure Data Factory)
• A solid understanding of GB power market dynamics and commodity drivers, and a genuine interest in how energy market mechanics shape portfolio risk
• A collaborative, relationship‑led style with the ability to work constructively across Trading, Risk and Middle Office, and comfortable offering thoughtful challenge when it helps improve outcomes
• A clear, inclusive communication approach: you can explain complex topics in an accessible way, and you bring high standards, accountability, and a supportive mindset to the wider team

SSE’s purpose is to provide energy needed today while building a better world of energy for tomorrow. We do this by developing, building, operating and investing in electricity infrastructure and businesses needed in the energy transition. Our Transforming for Growth investment plan sees us investing £33bn in critical electricity infrastructure across five years to 2030.

SSE Energy Markets secure the energy needed to power customers’ lives, while creating value for SSE. Our Energy Markets trading teams buy the fuel needed to deliver cleaner energy and sell power generated in our wind farm, hydro and thermal assets back to the markets.

Enjoy discounts on private healthcare and gym memberships. Wellbeing benefits like a free online GP and 24/7 counselling service. Interest‑free loans on tech and transport season tickets, or a new bike with our Cycle to Work scheme. As well as generous family entitlements such as maternity and adoption pay, and paternity leave.

SSE will make any reasonable adjustments you need to ensure that your application and experience with us is positive. Please contact  / to discuss how we can support you.

We’re dedicated to fostering an open and inclusive workplace where people from all backgrounds can thrive. We create equal opportunities for everyone to succeed and especially welcome applications from those who may not be well represented in our workforce or industry.