Senior Power Quant Strategist – Load Markets

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

Benefits offered by this job

Medical insurance

401k with discretionary employer match

Dental and vision insurance

Life and AD&D insurance

Health Savings Account (HSA)

Discretionary annual bonus

Job summary

DRW, a Chicago-based trading firm, seeks 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 in US electricity markets.

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

Qualifications

• Bachelor’s, master’s, or doctoral degree in a quantitative discipline such as mathematics, statistics, engineering, computer science, physics, economics, or financial engineering.
• Strong foundation in statistics, probability, optimization, time-series analysis, and Monte Carlo simulation.
• Solid experience pricing or managing load auctions, full-requirements contracts, or load-following portfolios.

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 programming

Time-series analysis

Monte Carlo simulation

Education

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

Tools

Pricing models

Job description

DRW, a Chicago-based trading firm, seeks 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 in US electricity markets.

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