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Join our Power Trading team in Brazil as a Power Fundamentals Analyst, working closely with traders to support day-to-day commercial decision-making. Based on the trading desk, you will collaborate directly with traders and analysts to turn complex market data into clear, actionable insights in a fast-paced environment.

As part of a small, highly collaborative team, you will help support power trading strategies through data-driven analysis of the Brazilian market. Your work will focus on core fundamentals such as generation, load, hydrology, and price formation, helping the desk build a clear, real-time view of market conditions. Success in this role requires strong curiosity, attention to detail, and a willingness to learn quickly while developing and communicating a clear market perspective.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

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In this role, you will assist in building and maintaining Brazil-focused datasets, dashboards, and analytical tools that are directly used by traders. You will contribute to fundamental analysis, including supply and demand balances, hydro reservoir levels, and key price drivers such as PLD. Working closely with traders, you will help translate data and analysis into clear, practical insights, while continuously refining your understanding of how fundamentals drive commercial outcomes. You will also support the team in organizing and structuring large datasets into usable views that inform daily trading decisions.

What you offer

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• 5 years of experience in power markets, commodity markets, or a related analytical role
• Basic understanding of power market fundamentals (experience in Brazil or Latin America is a plus)
• Interest in commercial trading and how market fundamentals translate into pricing and opportunities
• Working knowledge of Python, SQL, powerBI or tablet, CEPEL models used for price formation in Brazil, as well as satellite models, with a willingness to further develop technical skills
• Ability to work with large datasets and support end-to-end analysis (data gathering, basic modeling, and visualization)
• Strong communication skills and the ability to explain findings clearly and concisely
• Collaborative mindset, with a proactive and team-oriented approach
• Curiosity, adaptability, and eagerness to learn in a fast-paced trading environment

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

About Commodities and Global Markets

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Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

Inclusion at Macquarie

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We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.

We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.