Senior Quantitative Power & Gas Strategist

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

Job summary

DRW, a diversified trading firm with global reach, seeks a Senior Quantitative Power Strategist for the US Power and Natural Gas trading team. You will value load obligations, develop pricing and risk frameworks, and work with traders and developers to implement sophisticated models.

The role requires deep knowledge of US power markets, strong quantitative modeling skills, and the ability to translate market views into executable bidding and hedging strategies.

Qualifications

• Bachelor's or higher in a quantitative discipline and strong foundation in statistics and time-series analysis.
• Experience pricing or managing load auctions or load-following portfolios in US power markets.
• Proven ability to develop pricing models and communicate complex results clearly.

Responsibilities

• Develop and maintain quantitative models for US power load auctions and load-following products.
• Value complex load obligations including demand, weather sensitivity, hourly shape, and embedded risks.
• Produce bid recommendations and scenario analyses for various load opportunities.
• Design hedge strategies across power, gas, capacity, and transmission products.
• Collaborate with traders and software engineers to implement models and reporting tools.
• Develop portfolio valuation, stress testing, and performance attribution tooling.
• Research market structure changes and their implications for pricing and hedging.
• Improve data, forecasting, and analytics infrastructure with data specialists.

Skills

Python

Statistics

Optimization

Monte Carlo

Communication

Education

Bachelor's in quantitative field

Master's or PhD in quantitative field

Tools

Pandas

NumPy

Job description

DRW, a diversified trading firm with global reach, seeks a Senior Quantitative Power Strategist for the US Power and Natural Gas trading team. You will value load obligations, develop pricing and risk frameworks, and work with traders and developers to implement sophisticated models.

The role requires deep knowledge of US power markets, strong quantitative modeling skills, and the ability to translate market views into executable bidding and hedging strategies.