The Paul Scherrer Institute PSI is the largest research institute for natural and engineering sciences within Switzerland. We perform cutting-edge research in the fields of matter and materials, energy and environment and human health. By performing fundamental and applied research, we work on sustainable solutions for major challenges facing society, science and economy. PSI is committed to the training of future generations. Therefore about one quarter of our staff are post-docs, post-graduates or apprentices. Altogether PSI employs 2100 people.
For our research on energy markets, we are looking for a
Achievement of a PhD dgree at ETH Zurich on cutting-edge fundamental analysis of electricity markets where risk-averse market players use storage technologies and financial hedging instruments. Development of the methodological basis and model-based application related to electricity markets with an increasingly higher level of electricity storage.
Assessment of optimal financial hedging mechanisms for different types of risk-averse players on electricity markets, including barriers for their adoption and optimal usage. Estimate players' benefits, social costs and market price impacts under different assumptions on risk measurement and perception, and different degrees of market completeness.
Analysis using financial hedging/replication theory, adopted to energy markets, under different assumptions of financial risk measurement; corresponding numerical analysis with a market equilibrium model. Dissemination and publication of research in academic journals and at conferences. Support teaching activities and specific other scientific tasks of the Group
- Very good mathematical skills
- You have (or are about to get) a master degree in operations research, energy economics, or mathematics/finance (especailly financial risk management and hedging/option theory)
- Mathematical optimization software skills are beneficial (i.e. GAMS)
- You have a good understanding of economic and energy markets, especially related to optimization in finance and hedging
- You have good written and verbal communication skills, and enjoy working in an international team. Good English language skills are essential
Our institution is based on an interdisciplinary, innovative and dynamic collaboration. You will profit from a systematic training on the job, in addition to personal development possibilities and our pronounced vocational training culture. If you wish to optimally combine work and family life or other personal interests, we are able to support you with our modern employment conditions and the on-site infrastructure.
For further information please contact Dr. Tom Kober, phone +41 56 310 26 31. Please submit your application online by 21. October 2019 (including addresses of referees) for the position as a PhD Student (index no. 4502-01).
Paul Scherrer Institut Human Resources Management, Nicole Schubert, 5232 Villigen PSI, Switzerland