Senior Data Scientist - Energy Analytics

  • RELX Group
  • Karlsruhe, Germany
  • 18/10/2021
Full time Data Science Data Engineering Data Analytics Big Data Data Management Statistics

Job Description

About ICIS

ICIS is part of Risk Solutions Group (RSG) a division of RELX Group, a FTSE 20 company with revenues of $10 billion in 2020. ICIS make some of the world’s most important markets more trusted and predictable by providing data services, thought leadership and decision tools. We exist to help businesses in the energy, petrochemical and fertilizer industries make strategic decisions, mitigate risk, improve productivity, and capitalise on new opportunities. Thousands of decisions are taken across supply chains every day using our intelligence and we make this possible through a global presence that delivers the targeted, local insights customers need to achieve growth in this new world of meaningful data. Shaping the world by connecting markets to optimise the worlds valuable resources. With a global team of more than 700, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

The Department:

The Product & Analytics Group develops data-driven market intelligence services for our large global customer base in chemicals, energy and fertilizers. We collect data and insight about our industries and enhance it with deep market understanding and Data Science tools to predict future market developments and help decision making. To date, we have experience in operating up to a million of automated data jobs per day including a wide range of analytical models from statistical to machine learning, large scale optimisation and agent based models.

Job Purpose:

You will be part of our centralised ICIS Data Science team which focuses on model innovation and supports our market centric analyst teams with efficiency and automation. Your specific role will be to contribute with deep technical expertise to the design of a new integrated model ecosystem across the most important energy commodities of the near future – power, carbon emission certificates (CO2), gas and hydrogen. You will add value to our team of quantitative energy market analysts, who write Python code and own database queries. Your guidance and hands-on support will help the team to set up models and data pipelines for automation, as well as understand new model infrastructure enhancements and successfully roll them out. Since you are connected into the central Data Science team, you will draw from global best practise and contribute to its evolution with own ideas.

Key Accountabilities/Responsibilities:

  • Drive and support R&D and operation of data-driven analytical market models: Co-develop with our analysts strong quantitative market models to predict key market variables such as prices, supply and demand drawing from multiple techniques; guide and support others in the technical implementation of models as well as create hands-on own model components and enhancements, for example drive automation of models in a cloud environment
  • In model development, take and educate others on a sustainable perspective to ensure (a) models stay understandable (b) seamless model operation and (c) scalability of the approach including use of existing best practices and software standards, efficient interaction with data, and best use of infrastructure. Anticipate where problems may occur.
  • Continuously improve best practice with our global Data Science team and our Technology team on model infrastructure, our development approach, operational and software development standards, and other key aspects of the work. Take ownership on one or more aspects and establish better ways of working
  • Program required routines and data preparations; create smart ways to visualise data and mitigate data gaps with reasonable estimates
  • Constantly explore new techniques and apply to existing and new analytical problems in our markets. Actively share knowledge and innovation areas with peers
  • Enable our customers and internal market analysts to derive high-quality impact analysis from operational models, constantly seeking to improve the insight and the workflow
  • Take own project management responsibility on model developments and work with cross-functional stakeholders including analysts, product manager, head of analysis as well as technology and data operations to set realistic project timeline and output expectations and align on plans and requirements effectively
  • Join engagements with our customers and internal market experts to explain our models and insights as well as discuss the market structure and key drivers - translate gained domain knowledge back into models and build a deep understanding of operation and decision making in our markets
  • Develop & retain our market modelling talent with option of people management responsibility

Key Skills/Experience Required:

  • Minimum of 5 to 7 years of practical experience in modelling and model operation – a good holistic overview of different modelling techniques and existing experience in large scale linear/mixed integer programming plus one the following fields we use: statistics & econometrics, time series prediction with machine learning, assumption-based scenario forecasting & simulation, agent-based modelling; you are used to trade-offs on computational complexity
  • Ability to rapidly learn new model domains and become conversant in the domain with contacts and subject matter experts, preferably existing knowledge of economics/markets
  • Advanced programming skills (we use Python & GAMS) and SQL, able to write efficient SQL queries, LP/MIP solver experience (we use Gurobi, CPLEX)
  • Experience in using relational databases (warehouses) and file-based structures (data lakes) and agreeing with others on fit-for-purpose data structures within such systems as well as writing data routines (no need to administrate the database)
  • Experience with containerisation (we use Docker)
  • Holistic perspective on business value from analytics and strong ability to explain to diverse stakeholders first-hand at the right level, strong communication and engagement
  • Basics of software development (modularisation, versioning eg with GIT, tests, understandable code)
  • Ideally, experience to organise projects and teams in a self-driven way and align teams, tasks and expectations; habit of starting simple first using proof of concepts to test hypothesis and iterate to add value
  • University degree in a quantitative science field
  • Openness to occasionally travel globally to meet international colleagues and customers

Behaviours:

  • Curious about everything, willing to ask questions and challenge the status quo in order to provide better customer, employee and business outcomes
  • Passionate about providing a world-class customer experience
  • Excellent communicator, both verbally and written in English (basic German is an advantage)
  • Obsessed with continuous learning and getting better at what we do with the ability to embed this within your team
  • Putting the team and customer first

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. At ICIS, we are committed to Diversity and Inclusion, we have a leadership team who are 50% women and more than a third of our technology team are female.

LexisNexis® Risk Solutions Group (RSG), a portfolio of brands that span multiple industries providing customers with innovative technologies, information-based analytics and decision tools and data services that provide market-specific solutions. Approximately 8,700 employees in offices throughout the world support RSG brands by serving customers in more than 180 countries. RSG is part of RELX, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com/group and www.relx.com .

Related fields: Analytics, Simulation, Operations Research, Artificial Intelligence, Machine Learning, Time Series Analysis, Optimisation, Statistics, Econometrics, Behaviour based modelling, Agent based modelling, Economics, System Dynamics, Data Engineering

We are an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. If a qualified individual with a disability or disabled veteran needs a reasonable accommodation to use or access our online system, that individual should please contact accommodations@relx.com or if you are based in the US you may also contact us on 1.855.833.5120