Quantitative Researcher

Cititec; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

A leading trading firm is seeking a senior quantitative researcher to design and own the modeling, pricing, and risk analytics for their FTR trading business. The ideal candidate will have over 10 years of experience in commodities quant roles, deep expertise in US Physical Power and Gas, and a strong academic background. Responsibilities include building pricing models and developing robust analytics to support trading, all in an innovative and developing environment.

Qualifications

• 10+ years as a commodities quant / strategist / quantitative risk professional.
• Deep expertise in US Physical Power and Gas.
• Proven experience modelling physical commodities and structured transactions.

Responsibilities

• Build and own FTR pricing, congestion, and risk models across US power markets.
• Develop power & gas curves, term structures, and volatility surfaces.
• Support FTR trading and auctions with robust analytics.

Skills

Commodities quant expertise

Quantitative risk analysis

FTR Trading knowledge

Education

Master’s or PhD in a quantitative field

Job description

New York (NY), Greenwich (CT), or Houston (TX)

Cititec are working with a top Fund who are building a new US Power & Gas trading platform from scratch, and who are looking for a senior quantitative researcher to help design and own the modelling, pricing, and risk analytics underpinning their FTR trading business.

What you’ll do

• Build and own FTR pricing, congestion, and risk models across US power markets
• Develop power & gas curves, term structures, volatility surfaces, and seasonality-aware risk models
• Support FTR trading and auctions with robust analytics and portfolio tools
• Design risk analytics including stress testing, P&L attribution, factor/PCA decomposition, and liquidity analysis
• Model physical and structured assets (e.g. transmission, power tolls, gas storage)
• Partner closely with PMs, traders, Risk, and Technology to embed research into production systems

What we’re looking for

• 10+ years as a commodities quant / strategist / quantitative risk professional
• Deep expertise in US Physical Power and Gas
• Strong academic background (Master’s or PhD in a quantitative field)
• Proven experience modelling physical commodities and structured transactions
• Comfortable operating in a greenfield, build-from-zero environment

Nice to have

• Direct experience and knowledge with FTR Trading
• Factor models, PCA, or ML applied to commodities risk or P&L