Power Market / Data Scientist - Analysis focused

What we offer you

• A balanced work life. The health and well-being of our employees are very important. To be the best version of yourself at work, you also need time to be social, pick up your children, attend lectures, etc. We therefore encourage employees to use our flexible working hours scheme.  

• An inclusive work environment. Our differences make us stronger – we believe that diversity provides a competitive advantage. With us, everyone should be able to be themselves at work, and feel at home, accepted, and valued.  

• Rewards. We offer competitive salaries, bonus schemes, and an employee share purchase scheme.  

• Benefits. Gym, squash court, activity groups. Cabins in Norway (sea and mountains) and Spain. 

What you will be doing

The MI team delivers short- to medium-term analysis and digital solutions supporting Hydro's power market activities in Europe. As our responsibilities are dynamic and evolve over time, we are looking for candidates who are adaptable and eager to contribute to various aspects of our operations.

We are looking for a Power Market / Data Scientist – Analysis focused to join our team of 15 highly skilled professionals, to cover the following deliveries:

• Join our daily operational duties producing short-term power price forecasts (specifically for NO2 & NO5) and presenting them to Market Operations and Trading, alongside key weather and market drivers
• Develop and improve the interaction between price forecasts and stochastic hydropower modelling (e.g. Prodrisk)
• Engage with our power portfolio modelling to manage exposure and risk in the short term and several years ahead
• Contribute to discussions and analyses with relevant subject matter knowledge within weather, hydrology, hydropower, power grid, etc.

MI’s Power Market / Data Scientists all work at the intersection of market analysis and development and:

• Collect and analyze data, conduct market research, and forecast to assess current and future technologies, regulations and trends
• Run existing and develop new quantitative models (both fundamental and statistical) to support decision-making and trading strategies in European Energy Markets
• Perform short- and medium-term analysis for the Nordic and German power markets
• Work with digital solutions, automation, data handling, management, and infrastructure
• Use machine learning (ML) and artificial intelligence (AI) for model and application development
• Assist other departments in energy-related adhoc analysis and projects, e.g. investment decisions in new hydropower projects
• Present to internal stakeholders (e.g. Hydro Energy’s Management Group or Hydro’s Executive Leadership Team)
• Collaborate with internal strategic stakeholders (e.g. IT), external model developers, R&D partners, and service and data suppliers

What will make you successful?

To thrive and succeed in this role, we believe the right candidate has the following qualifications: 

• A Master’s degree in economics, mathematics, statistics, optimization, computer science, engineering, or a related field
• 3-5 years relevant experience from the power industry and electricity markets
• Strong quantitative and analytical skills, with solid programming competency in Python
• Experience with short and medium-term power market models
• A proven track record in using various tools for data handling, management, and analytics
• Experience working in cross‑functional and ‑cultural environments
• Fluency in English, written and spoken; Norwegian proficiency is an advantage

As a person, we believe you recognize yourself in the following:

• Motivated and results-oriented with a strong focus on quality and continuous improvement
• Collaborative team player who enjoys working towards shared goals and building relationships across the organization
• Structured and self-driven, with the ability to work independently and proactively develop new skills
• Excellent communicator with a commercial mindset, capable of enhancing both models and business processes