Senior Power Markets Quant - Load & Hedging Leader

DRW; New York (NY); On-site; USD 150,000 - 250,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Disability insurance

Life & AD&D insurance

Health savings accounts

Flexible spending accounts

Job summary

DRW, a diversified trading firm, is seeking a Senior Quantitative Power Strategist to join the US Power and Natural Gas trading team. You will focus on valuation, structuring, bidding, and risk management of energy transactions, especially full-requirements and load-following opportunities across US electricity markets.

The role collaborates with traders, developers, and quantitative researchers to build pricing and risk frameworks, combining deep power market knowledge with strong modeling

Qualifications

• 5+ years in US power trading or related field.
• Experience pricing load auctions and full-requirements contracts.
• Strong knowledge of US wholesale power markets.
• Proficiency in Python.

Responsibilities

• 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.

Skills

Python

Statistics

Time-series

Monte Carlo

Optimization

Portfolio management

US power markets

Commercial judgment

Communication

Education

Quantitative degree

Job description

DRW, a diversified trading firm, is seeking a Senior Quantitative Power Strategist to join the US Power and Natural Gas trading team. You will focus on valuation, structuring, bidding, and risk management of energy transactions, especially full-requirements and load-following opportunities across US electricity markets.

The role collaborates with traders, developers, and quantitative researchers to build pricing and risk frameworks, combining deep power market knowledge with strong modeling