Senior Quantitative Analyst

RecruiterPal; Singapore; Hybrid; SGD 180,000 - 260,000; Full time

Job summary

JERAGM in Singapore seeks a Senior Quantitative Analyst to support modelling across energy products, focusing on the Americas gas and power portfolio, and to assist Japan power business valuation. This hybrid Front Office and Middle Office role combines commercial valuation, deal structuring and risk control with global governance.

Strong pipeline gas and power market knowledge is essential. The successful candidate will build and refine valuation models, collaborate with US stakeholders, and

Qualifications

• Postgraduate degree in finance, mathematics or related quantitative discipline.
• 5–15 years’ experience in energy market risk management within an investment bank or energy trading company; minimum 3 years in a quantitative role.
• Significant experience in quantitative valuation, risk management or structuring within a commodity trading company, utility, investment bank or comparable energy-market environment.
• Experience supporting both commercial/front-office valuation needs and middle-office valuation, risk or control requirements.
• Good knowledge of pipeline gas markets, including transportation, basis, storage, optionality and physical/financial deal structures.
• Good knowledge of power markets and power plant economics, including generation optionality, heat rates, spark spreads, dispatch and VPP valuation.
• Proven ability to value structured commodity transactions, build valuation models, estimate valuation and hedge parameters, and explain risks clearly.
• Strong understanding of the deal life cycle for structured option transactions, including deal assessment, booking, model implementation, control review and expiry processes.
• Experience designing and implementing quantitative solutions that meet business, valuation, risk and control requirements.

Responsibilities

• Quant based in Singapore with a focus on JERAGM Americas, supporting both Front Office commercial activity and Middle Office risk, valuation and control processes for the US gas and power business.
• Provide quantitative support for deal structuring, valuation and commercial decision-making across pipeline gas, gas storage, power plant/VPP and related structured physical and financial transactions.
• Develop, review and enhance valuation models, market parameter methodologies and risk analytics used for both trading support and independent valuation oversight.
• Work closely with Americas stakeholders to align US gas and power modelling approaches with global methodology, model governance and control standards.
• Communicate valuation results, assumptions, commercial drivers and risk impacts clearly to both technical and non-technical stakeholders.
• Support independent review, validation and documentation of valuation methodologies, assumptions and controls.
• Support Power optionality pricing & modelling for the JERAGM Japan Power business.
• Support the existing LNG & Coal businesses.
• Share technical knowledge with colleagues and help build quantitative understanding across JERAGM.

Skills

Quant modelling

Python

Risk management

Structured trades

Gas markets

Power markets

Communication

Cross-border teamwork

Hedging analytics

Education

Postgraduate degree in finance/mathematics

Tools

Excel

Azure

VBA

Job description

COMPANY DESCRIPTION

About the Company

The JERA Global Markets Group (JERAGM) is a leading utility backed energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading Ltd, JERAGM’s shareholders are among the world’s major utilities.

JERAGM operates one of the most exciting energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its in-depth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across offices located in five strategic locations: Singapore, the UK (London), Japan (Tokyo), the US (Houston) and Australia (Brisbane).

JERA Global Markets Pte. Ltd. is strongly capitalised with over US$500 million in paid up capital and has retained its AA Stable rating from R&I, attributable to a robust business model and solid financial base. JERAGM has a total equity of US$3.4 billion (as of 1 April 2025).

RESPONSIBILITIES

The Senior Quantitative Analyst is a senior individual contributor based in Singapore, supporting modelling across all energy products we trade, with a focus on the Americas gas & power portfolio, and support for the Japan power business. The role is a hybrid Front Office and Middle Office Quant position, providing commercial valuation, deal modelling and structuring analysis, while also supporting risk, validation and control requirements, both in coordination with the wider Quant team. The successful candidate will bring strong pipeline gas and power market knowledge in a trading environment, together with hands‑on valuation expertise across physical and financial energy products.

• Quant based in Singapore with a focus on JERAGM Americas, supporting both Front Office commercial activity and Middle Office risk, valuation and control processes for the US gas and power business.
• Provide quantitative support for deal structuring, valuation and commercial decision‑making across pipeline gas, gas storage, power plant/VPP and related structured physical and financial transactions.
• Develop, review and enhance valuation models, market parameter methodologies and risk analytics used for both trading support and independent valuation oversight.
• Work closely with Americas stakeholders to align US gas and power modelling approaches with global methodology, model governance and control standards.
• Communicate valuation results, assumptions, commercial drivers and risk impacts clearly to both technical and non‑technical stakeholders.
• Support independent review, validation and documentation of valuation methodologies, assumptions and controls.
• Support Power optionality pricing & modelling for the JERAGM Japan Power business.
• Support the existing LNG & Coal businesses.
• Share technical knowledge with colleagues and help build quantitative understanding across JERAGM.

QUALIFICATIONS

Experience Required

• Post graduate degree in finance, mathematics or related quantitative discipline.
• 5 -15 years’ experience in energy market risk management within an investment bank or energy trading company; of which a minimum of 3 years should be in a quantitative role
• Significant experience in quantitative valuation, risk management or structuring within a commodity trading company, utility, investment bank or comparable energy‑market environment.
• Experience supporting both commercial/front‑office valuation needs and middle‑office valuation, risk or control requirements.
• Good knowledge of pipeline gas markets, including transportation, basis, storage, optionality and physical/financial deal structures.
• Good knowledge of power markets and power plant economics, including generation optionality, heat rates, spark spreads, dispatch and VPP valuation.
• Proven ability to value structured commodity transactions, build robust valuation models, estimate valuation and hedge parameters, and explain commercial risks clearly.
• Strong understanding of the deal life cycle for structured option transactions, including deal assessment, booking, model implementation, control review and expiry processes.
• Experience designing and implementing quantitative solutions that meet business, valuation, risk and control requirements.

Technical Expertise

• Advanced knowledge of financial derivatives and option theory as applied to commodity markets, including:
  • stochastic price processes;
  • parameter estimation; and
  • valuation techniques, including closed‑form and Monte‑Carlo methods.
• Good working knowledge of Value at Risk methodologies and related risk measures.
• Understanding of mathematical optimisation techniques used in portfolio analysis, asset optimisation and fundamental modelling.
• Strong programming capability in development and scientific languages such as Python, including NumPy and Pandas.
• Experience using or deploying solutions to cloud platforms such as Azure would be helpful.
• Advanced Excel & VBA capability is expected.

Person Specification

• Commercially minded and technically strong, with a focus on applying quantitative expertise to practical business problems.
• Strong communication and interpersonal skills, with the ability to explain complex technical information clearly to varied audiences.
• Intellectually curious, analytical and proactive in investigating problems and developing practical solutions.
• Able to collaborate effectively across borders, cultures and office/virtual working environments.
• Team‑oriented and motivated to contribute positively to a high‑performance working culture.
• Postgraduate degree in finance, mathematics or a related quantitative discipline.
• Comfortable working in a fast‑paced trading floor environment.
• Strong attention to details
• Willingness to work SG late night hours (from home) to engage with US colleagues