Senior Power Markets Quant Strategist

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

Benefits offered by this job

Annual discretionary bonus

Medical insurance

Dental & Vision insurance

401k with discretionary employer match

Disability insurance

Life & AD&D insurance

Health Savings Account

Flexible Spending Accounts

Job summary

DRW, a leading diversified trading firm, seeks a Senior Quantitative Power Strategist for its US Power and Natural Gas team. You will build pricing and risk models for load auctions, full-requirements, and load-following opportunities across US electricity markets.

You will collaborate with traders, developers, and researchers to translate market views into bidding and hedging strategies, while developing valuation tools and risk metrics for portfolio analysis.

Qualifications

• Five+ years 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 and related products.
• Proficiency in Python or a similar language.
• Solid foundation in statistics, probability, optimization, time-series analysis, and Monte Carlo methods.

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/industrial load opportunities.
• Design hedge strategies across power, natural gas, capacity, transmission, and environmental products.
• Work with 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 with engineers and data specialists.
• Communicate model assumptions, limitations, and commercial implications clearly to trading and senior leadership.

Skills

Python

Power markets

Quantitative modeling

Communication skills

Statistical methods

Monte Carlo simulation

Education

Bachelor’s/Master’s/PhD in quantitative discipline

Job description

DRW, a leading diversified trading firm, seeks a Senior Quantitative Power Strategist for its US Power and Natural Gas team. You will build pricing and risk models for load auctions, full-requirements, and load-following opportunities across US electricity markets.

You will collaborate with traders, developers, and researchers to translate market views into bidding and hedging strategies, while developing valuation tools and risk metrics for portfolio analysis.