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Summer Internship Programme

About EDF Trading

Employing approximately 800 people globally, with key offices in London, Paris, Houston and Singapore, EDF Trading is a leader in the international wholesale energy markets actively operating in the electricity, natural gas, LPG, oil and environmental products markets.  It is also active in the LNG and coal and freight markets via JERA Global Markets.  EDF Trading is one of the largest wholesale market traders in Europe for power and gas. In North America, EDF is 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.

EDF Trading is looking for undergraduates who are motivated to succeed in a fast-paced trading environment. You will be commercially astute, have strong analytical skills and a genuine interest in learning about energy commodities and the financial markets. Join us and you will be encouraged to critically assess processes, test your ideas in a rapidly evolving market and have responsibility for real business projects.

We are proud of our work ethic and cultural diversity. We are high performing people working together to achieve common goals. We are innovative and flexible in our thinking, enabling us to adapt and change, which is critical to the success of EDF Trading.

EDF Trading's Internship Programme

This unique 10-week paid internship will be the envy of your fellow students and friends. At the end of your internship you will be invited to deliver a presentation on your business project findings to a panel of executives.  Impress here and you could receive an offer to return to EDF Trading on the completion of your studies. 

Application Process

In order to apply for a Summer Internship with EDF Trading you will need to:

  • Be in your penultimate or final year of study
  • Be on track to achieve a minimum of a 2:1 degree or equivalent in the UK
  • Have the right to work in the UK
  • Ensure you are available during our recruitment process and for the dates of the internship itself
Application Deadline 17 January, 2020
First Stage Telephone Interviews November 2019 - January 2020
Second Stage Assessment Centres January 2020 - February 2020
Internship Commences 29 June 2020
Internship Ends 4 September 2020

Our Departments

European Power Trading

What does Power Trading do?

Our Power Trading department is responsible for optimizing group assets, hedging and taking speculative risk on the power market. The desk trades both short and long-term power for the UK and Continental markets, managing cross-border interconnector capacities as well as intraday and day-ahead optimization activities for the EDF Group in the wholesale electricity market.

What are my responsibilities?

You will gain exposure to the day-to-day activities of our power desk by providing support to the traders as needed, predominantly by maintaining and developing models and tools.

Your main tasks may include:

• Tool and model building
• Model maintenance
• Validation and back testing of models
• Collecting data which are relevant to the European electricity markets
• Power trading analysis.

You will liaise with various teams within our front office and support traders on a day-to-day basis.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Maths, Engineering, Economics and Physics.

You will have experience in a general-purpose programming language, ideally python. You will be proficient in VBA and Matlab.

You will also be expected to have some knowledge of the global energy markets.

Click here to apply

French Power Trading

What does French Power Trading do?

Our French Power Trading department is responsible for optimizing group assets, hedging and taking speculative risk on the French power market. The desk trades both short and long-term power for the French markets, managing cross-border interconnector capacities as well as intraday and day-ahead optimization activities for the EDF Group in the wholesale electricity market.

What are my responsibilities?

You will gain exposure to the day to day activities of our French power trading desk by providing support to the traders as needed, predominantly by maintaining and developing models and tools.

Your main tasks may include:
• Tool and model building
• Model maintenance
• Validation and back testing of models
• Collecting data which are relevant to the French electricity markets
• Power trading analysis.

You will liaise with various stakeholders including members of the power analysis team, IT and trading desks as appropriate.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Maths, Economics or Engineering.

You will have experience in a general-purpose programming language, ideally python. You will be proficient in VBA and Matlab.

You will also be expected to have some knowledge of the global energy markets.

Click here to apply.

Flexibility Optimisation (Derivatives Trading)

What does Derivatives Trading do?

Our Derivatives Trading team help EDF Group Companies and our customers to optimize the output of their assets and manage market exposure by using quantitative analysis and bespoke software.

The team also helps to enhance revenue streams by evaluating and hedging physical risks over the short, medium and long term.

What are my responsibilities?

You will have the opportunity to work on a long-term project which will aid the trading desks in pricing and trading decisions.

The nature of Derivatives Trading will provide versatility and no day will be the same. You will provide assistance to traders using quantitative analysis and offering support on daily and weekly processes.

You will gain an invaluable insight into derivatives by processing large amounts of information and learning terminology.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in a statistical, mathematical or quantitative subject (Maths, Engineering, Physics).

You will be proficient in Excel and VBA.

Click here to apply.

Gas Trading

What does Gas Trading do?

Our Gas Trading department is responsible for developing trading strategies and managing the execution of those positions covering the North West European, Central and South Eastern European Markets.

The team is responsible for utilizing strategy management techniques such as Stop Loss Limits, VAR and other analytical tools, assisting with processes to maintain effective coordination between trading and origination and provide commercial solutions for the EDF Group and co-controlled entities consistent with maximizing value for the EDF Group.

The team also works with a 24-hour operations team to increase commercial knowledge and out of hours trading opportunities. 

What are my responsibilities?

You will have a unique opportunity to learn about storage and transport optimization, option theory, FX trading and exposure to oil and US gas trading. You will gain an understanding of the global nature of the commodities we trade. You will have exposure to proprietary trading strategies based upon technology and the fundamentals of the market.

You will liaise with various teams within our front office and support traders on a day to day basis. Your main tasks may include fundamental analysis; position reporting; projects to improve efficiency of the desk; and forming trade ideas which could be implemented by the traders.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Risk Management, Maths, Physics, Chemistry, Engineering, Economics or Finance.

You will have experience in a general-purpose programming language, ideally python.

You will also be expected to have some knowledge of the global energy markets.

Click here to apply

Energy Market Analytics

What does Energy Market Analytics do?

Our Energy Market Analytics team contributes to the development of commercially relevant fundamental analysis to support primarily our European gas desk but also our LNG and power desks as and when needed. 

What are my responsibilities?

You will support the team in day to day activities such as:

  • Developing market views, models and conceptual frameworks to further the desk’s understanding of short and medium-term fundamental dynamics
  • Developing tools to monitor market developments and efficiently disseminate information within the business
  • Communicating views and findings to traders, analysts, and other stakeholders.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Maths, Biology, Chemistry, Physics or Computer Science.

You will need to possess strong analytical skills.

You will be proficient in Excel with proven programming skills, ideally Python.

Click here to apply.

Market Risk

The Market Risk team provides an independent view of EDF Trading’s market risk exposure for all physical and financial energy trading activity. The team is responsible for the design of risk methodologies, implementation of a suitable risk control framework and providing quantitative and qualitative market risk analysis and control solutions.

What are my responsibilities?

You can expect to be given responsibility from the outset and opportunities to become involved with business-critical projects. This will require research, commercial awareness, interactivity with the business and the ability to ask the right questions. You will develop practical solutions, propose changes and present the results of your work to a panel of executives.

Day to day activities will include:

  • Preparing daily, weekly and monthly market risk reports including VaR, options and stress testing
  • Analysing the risk of the company’s portfolio across commodities and products
  • Preparing analysis as directed by your manager for consideration by the Global Risk Committee
  • Providing support within the Market Risk team for the development and validation of risk models
  • Providing support within the Market Risk Team for system testing and development

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Risk Management, Maths, Physics, Chemistry, Engineering, Economics, Computing or Finance.

You will have to be proficient in:

  • Excel
  • VBA
  • SQL
  • Matlab

You will also be expected to have some knowledge of the global energy markets.

Click here to apply.

Data Pricing and Quant Engineering

The European Pricing and Structuring Desk sits with the origination team providing on demand valuation, structuring and analytics services to the Front Office (Origination and Trading teams).  

The team provides support in business development (e.g. analysis in support of competitive market penetration and business expansion), commercial synergy between origination, trading, risk, credit and finance to evaluate full economics and risks of a new deal and obtain necessary approvals to close it, independent opinion on deals to the executive team, pricing methods research, prototyping new models, contributing to development and enhancements of EDFT's  ETRM valuation and risk engine.

Pricing and Structuring are not only a counterpart to our origination and trading teams, we also collaborate closely with the quantitative analytics and quantitative development teams.  
Although we apply quantitative skills in our work the angle remains very commercial – the target is to close profitable deals that increase EDFT’s operating profit.

What are my responsibilities?

You will be given some choice on your main business project, dependent on your strengths and interests. We have some exciting projects lined up, and this can be discussed when you join!  You will also be expected to learn as much as possible about the business, and this will enable you to get involved with the pricing of live deals that come up during your time here.  You will get a chance to experience working in a front office environment and gain understanding of real-world financial engineering vs the academic theory. You will also learn about European energy market structure, common products, assets and trends

What do I need to qualify for this internship?

  • A demonstrated and proactive interest in pricing / derivatives / market dynamics / finance
  • Basic+ / Moderate level Excel
  • VBA or python (preferred, not-essential)
  • Commercial awareness and quick to grasp new concepts
  • Enthusiastic outlook
  • Studying for degree in a numerate subject

Click here to apply.

Data Engineering

What does Data Engineering do?

The Data Engineering team and/or Market Data team sit within the Front Office and are the centre of the quantitative development capability for EDF Trading. They have direct responsibility over the development and maintenance of EDF Trading’s data infrastructure. The group also provides other front office analytical tools for both traders and structurers, with the support of the other quantitative teams.

What are my responsibilities?

You will develop to completion a small project to enrich the Data Analytics Platform.

Examples of previous projects have included:

  • An Arbitrage-Free model for a real-time Bid/Ask spread calculator
  • An model to derive market prices using linear algebra
  • Application of AI Clustering to predict weekend power prices
  • A GUI to manage real-time updates to live prices

What do I need to qualify for this internship?

Essential Skills

  • Degree qualified, preferably in Computer Science, or Maths or Physics.
  • Knowledge of at least one structured programming language (preferably Python)

Nice to have skills

  • Some knowledge of algorithms and data structures
  • Knowledge of other programming languages (.Net, C#, C++)
  • An interest in web-based development (Angular)

Click here to apply.

IT Development

What does IT Development do?

Are you wondering how IT fits into the EDF Trading business?  IT underpins absolutely everything that we do.  Because we are continually improving our IT services, capabilities and platform (be that on-premise or public cloud), we employ the best IT professionals in the business and we invest in our people through training and upskilling. 

Our culture is something we all try hard to cultivate by being inclusive, sharing, empowering our staff, broadening our responsibilities and providing first-class training opportunities to ensure that skills remain current and relevant.

The IT organisation is one geared to providing the closest interface for our commercial business, with delivery teams dedicated to specific business or support function lines.  This provides individuals with unparalleled access to the business, to learn what we do and to offer new and improved ways of doing so.

Technology wise, we are in the enviable position of having a bespoke ETRM (look it up if this is new to you) that provides us with ultimate control over our roadmap; allowing us to set our own direction based on what is important to us as a company – not what a vendor insists is the best way to proceed.  Supporting this is a broad network of both internally developed and vendor-supplied systems (it doesn’t always make sense to build your own) that provide a rich ecosystem with continuous opportunities to enhance.

Sure, we are an energy trading company that operates 24/7 in both the physical and financial markets of Europe, but we also recognise the need to enjoy what we do and have fun through building a fulfilling career as well as developing lasting relationships both within IT and across the business (made much easier as we’re all on the same floor).

What are my responsibilities?

You will work within the IT Development team with exposure to development and support of custom-built cross commodity energy trading and risk management systems. You will be involved in providing EDF Trading with a competitive advantage through bespoke and vendor IT systems, which are critical to the operational foundation of our business processes and strategies.

You can expect to be given responsibility from the outset and opportunities to become involved with innovative projects. This will require research, commercial awareness, interactivity with the business and the ability to ask the right questions. You will develop practical solutions, propose changes and present the results of your work to a panel of executives.

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Computer Science or a related technical field.

You will have experience in Software Development and coding in a general-purpose programming language.

Ideally you will have experience of some of the following technologies:

  • SQL Programming (Oracle PL/SQL, SQL Server T/SQL or similar)
  • Microsoft .Net (Preferably C#
  • UML or similar design modelling techniques.

You will be flexible, adaptable in your approach and have excellent communication skills.

You will have the ability to contribute positively in a team working environment and collaborate well with peers, managers and business teams. 

You will have the energy and drive to succeed, be committed to excellence in your results, curious to challenge the status quo and innovative in your thinking.

Click here to apply.

IT Application Support

What does IT do?

Are you wondering how IT fits into the EDF Trading business?  IT underpins absolutely everything that we do.  Because we are continually improving our IT services, capabilities and platform (be that on-premise or public cloud), we employ the best IT professionals in the business and we invest in our people through training and upskilling. 

Our culture is something we all try hard to cultivate by being inclusive, sharing, empowering our staff, broadening our responsibilities and providing first-class training opportunities to ensure that skills remain current and relevant.

The IT organisation is one geared to providing the closest interface for our commercial business, with delivery teams dedicated to specific business or support function lines.  This provides individuals with unparalleled access to the business, to learn what we do and to offer new and improved ways of doing so.

Technology wise, we are in the enviable position of having a bespoke ETRM (look it up if this is new to you) that provides us with ultimate control over our roadmap; allowing us to set our own direction based on what is important to us as a company – not what a vendor insists is the best way to proceed.  Supporting this is a broad network of both internally developed and vendor-supplied systems (it doesn’t always make sense to build your own) that provide a rich ecosystem with continuous opportunities to enhance.

Sure, we are an energy trading company that operates 24/7 in both the physical and financial markets of Europe, but we also recognise the need to enjoy what we do and have fun through building a fulfilling career as well as developing lasting relationships both within IT and across the business (made much easier as we’re all on the same floor).

What are my responsibilities?

Application Support operates across the entire life cycle of trading activities at EDFT. The successful candidate will have exposure split across front office real time trading, to middle and back office control and reconciliation and regulatory reporting. In addition, you will have technology exposure to transversal systems.  The candidate will get unrivalled experience to gain an understanding of how EDF Trading operates on a day-to-day basis, seeing all facets of the business and technology partnership.

The Application Support team are also responsible for adding value through short and medium term project work. 

What do I need to qualify for this internship?

You will be enrolled in a Bachelor’s or Master’s degree program in Computer Science or a related technical field.

Ideally you will have experience of some of the following technologies:

  • Scripting:- Python, Perl or PowerShell
  • Querying Language :- SQL, Oracle
  • Exposure to knowledge management, through Sharepoint or Confluence.
  • Awareness of Monitoring technologies such as Solar Winds, App Insights, Kibana, Grafana, PRTG, Corvil or Geneos.

You will be flexible, adaptable in your approach and have excellent communication skills. You will have the ability to contribute positively in a team environment and collaborate well with peers, managers and business teams.

You will have the energy and drive to succeed, be committed to excellence in your results, curious to challenge the status quo and innovative in your thinking.

Click here to apply.