Senior Power Market Quant Strategist - Load & Hedging

DRW; Houston (TX); Presencial; USD 150.000 - 250.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Discretionary bonus

Medical insurance

Dental & vision insurance

401k with employer match

Flexible spending accounts

Descripción de la vacante

DRW is a diversified trading firm seeking a Senior Quantitative Strategist to join the US Power and Natural Gas trading team. You will develop pricing, risk frameworks, and hedging strategies for load obligations across US electricity markets.

The role requires deep market knowledge, strong quantitative modeling skills, and the ability to collaborate with traders and software engineers in a fast-paced environment. DRW offers competitive compensation and comprehensive benefits.

Formación

• 5+ years of experience in US power trading, quantitative research, structuring, or portfolio management.
• Direct experience pricing or managing load auctions, full-requirements contracts, or load-following portfolios.
• Strong understanding of US wholesale power markets, including energy, congestion, capacity, ancillary services, transmission, and environmental products.
• Solid experience in Python or a similar language.

Responsabilidades

• Develop and maintain quantitative models for US power load auctions, full-requirements transactions, and load-following products.
• Value complex load obligations by modeling demand, weather sensitivity, hourly shape, customer migration, basis, congestion, losses, capacity, ancillary services, renewable obligations, and other embedded risks.
• Produce bid recommendations and scenario analyses for utility, municipal, cooperative, and commercial and industrial load opportunities.
• Design hedge strategies across power, natural gas, capacity, transmission, and environmental products.
• Work alongside traders to translate market views and portfolio constraints into executable bidding and risk-management strategies.
• Develop tools for portfolio valuation, position reporting, stress testing, and ongoing performance attribution.
• Research structural changes in organized power markets and evaluate their implications for load pricing and hedging.
• Improve market data, forecasting, optimization, and analytical infrastructure in partnership with software engineers and data specialists.
• Communicate model assumptions, limitations, and commercial implications clearly to trading and senior leadership.

Conocimientos

Python

Quantitative modeling

Statistics

Time-series analysis

Monte Carlo simulation

Communication skills

Educación

Bachelor's/Master's/Doctoral in quantitative discipline

Herramientas

Portfolio valuation tools

Pricing models

Descripción del empleo

DRW is a diversified trading firm seeking a Senior Quantitative Strategist to join the US Power and Natural Gas trading team. You will develop pricing, risk frameworks, and hedging strategies for load obligations across US electricity markets.

The role requires deep market knowledge, strong quantitative modeling skills, and the ability to collaborate with traders and software engineers in a fast-paced environment. DRW offers competitive compensation and comprehensive benefits.