Senior Quantitative Analyst, US

JERA Global Markets; Houston (TX); On-site; USD 180,000 - 260,000; Full time

Benefits offered by this job

Health insurance

Job summary

JERA Global Markets in Houston seeks a senior Quant to lead valuation, risk and deal support for the Americas gas trading business as it scales onto JERAGM’s trading platform. The role focuses on US pipeline gas, storage, and related structured transactions with cross‑border collaboration.

You will collaborate with Front Office, Middle Office and global quant teams, develop valuation models and governance, and communicate assumptions clearly to diverse stakeholders across regions.

Qualifications

• Significant experience in quantitative valuation, risk management or structuring within a commodity trading environment.
• Experience supporting both front-office valuation needs and middle-office valuation, risk or control requirements.
• Strong knowledge of US energy markets and valuation methodologies.

Responsibilities

• Serve as the key Quant contact for JERAGM Americas, supporting Front Office valuation and Middle Office risk, governance and control.
• Provide quantitative support for deal structuring, valuation and commercial decision-making in US gas markets.
• Develop, review and enhance valuation models and risk analytics used for trading support and oversight.
• Collaborate with global teams to align Americas modelling with governance standards.
• Communicate valuation results and drivers clearly to technical and non-technical stakeholders.

Skills

Quantitative valuation

Risk management

Structured transactions

Python (NumPy, pandas)

Excel VBA

Education

Postgraduate degree in finance, mathematics or related quantitative discipline

Tools

Azure Cloud

Excel

Job description

Position Description

This role forms part of JERA's growing North American Gas Trading business, which is expected to transition onto JERAGM's trading platform. This business is wholly owned by JERA Co., Inc. and will focus on US natural gas trading, optimisation and market development across North America. Successful candidates will join during the build‑out phase ahead of the business's planned operational launch.

Key Role Responsibilities

• Serve as the key Quant contact for JERAGM Americas, supporting both Front Office commercial activity and Middle Office risk, valuation and control processes in the US timezone.
• Provide quantitative support for deal structuring, valuation and commercial decision-making across US pipeline gas, gas storage, US power plant/VPP and related structured physical and financial transactions.
• Develop, review and enhance valuation models, market parameter methodologies and risk analytics used for both trading support and independent valuation oversight.
• Work closely with the Singapore Quant team to align Americas modelling approaches with global methodology, model governance and control standards.
• Communicate valuation results, assumptions, commercial drivers and risk impacts clearly to both technical and non-technical stakeholders.
• Support independent review, validation and documentation of valuation methodologies, assumptions and controls for the Americas portfolio.
• Share technical knowledge with colleagues and help build quantitative understanding across JERAGM Americas and the wider Quant function.

Key Qualifications and Experience

• Significant experience in quantitative valuation, risk management or structuring within a commodity trading company, utility, investment bank or comparable energy-market environment.
• Experience supporting both commercial/front-office valuation needs and middle-office valuation, risk or control requirements.
• Strong practical knowledge of US pipeline gas markets, including transportation, basis, storage, optionality and physical/financial deal structures.
• Strong knowledge of US power markets and power plant economics, including generation optionality, heat rates, spark spreads, dispatch and VPP valuation.
• Proven ability to value structured commodity transactions, build robust valuation models, estimate valuation and hedge parameters, and explain commercial risks clearly.
• Strong understanding of the deal life cycle for option-style and structured transactions, including deal assessment, booking, model implementation, control review and expiry processes.
• Experience designing and implementing quantitative solutions that meet business, valuation, risk and control requirements.
• Experience sharing technical knowledge and supporting colleague development is desirable.

Technical Expertise

• Advanced knowledge of financial derivatives and option theory as applied to commodity markets, including:
• Stochastic price processes;
• Parameter estimation; and
• Valuation techniques, including closed-form and Monte Carlo methods.
• Good working knowledge of Value at Risk methodologies and related risk measures.
• Understanding of mathematical optimisation techniques used in portfolio analysis, asset optimisation and fundamental modelling.
• Strong programming capability in development and scientific languages such as Python, including NumPy and pandas.
• Experience using or deploying solutions to cloud platforms such as Azure would be helpful.
• Advanced Excel & VBA capability is expected.

Person Specification

• Commercially minded and technically strong, with a focus on applying quantitative expertise to practical business problems.
• Strong communication and interpersonal skills, with the ability to explain complex technical information clearly to varied audiences.
• Intellectually curious, analytical and proactive in investigating problems and developing practical solutions.
• Able to collaborate effectively across borders, cultures and office/virtual working environments.
• Team-oriented and motivated to contribute positively to a high-performance working culture.
• Postgraduate degree in finance, mathematics or a related quantitative discipline.
• Comfortable working in a fast-paced trading floor environment.

Role Opportunity

This role offers an opportunity to be the key Quant contact for JERAGM Americas, supporting both Front Office commercial valuation and Middle Office risk, governance and control needs in a growing commodity trading business.