DRW

Senior Strategist, North American Power and Gas

DRW  •  $150k - $250k/yr  •  Houston, TX (Onsite)  •  2 hours ago
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Job Description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

Senior Quantitative Power Strategist

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

The role will work closely with traders, developers, and other quantitative researchers to build pricing and risk frameworks for complex load obligations. The ideal candidate combines deep knowledge of physical power markets with strong quantitative modeling skills and sound commercial judgment.

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.

Qualifications

  • At least five years of relevant experience 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, including energy, congestion, capacity, ancillary services, transmission, and environmental products.
  • Solid Experience in Python or a similar language
  • Strong foundation in statistics, probability, optimization, time-series analysis, and Monte Carlo simulation.
  • Bachelor’s, master’s, or doctoral degree in a quantitative discipline such as mathematics, statistics, engineering, computer science, physics, economics, or financial engineering.
  • Strong commercial judgment, intellectual curiosity, and the ability to work effectively in a fast-paced trading environment.
  • Clear written and verbal communication skills.

The annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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DRW

About DRW

At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management.

We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.

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Chez DRW, nous identifions et saisissons les opportunités de négociation et d'investissement au niveau mondial. Ce qui nous différencie, c'est notre approche diversifiée : nous négocions sur de nombreuses classes d'actifs et d'instruments, sur des marchés du monde entier, avec des horizons allant de quelques secondes à plusieurs années. Nous réussissons en nous appuyant sur la technologie, la recherche et la gestion des risques. Nous offrons le meilleur des deux mondes: les opportunités et l'ésprit d’une entreprise en démarrage, et les avantages et la stabilité d'une entreprise établie et expérimentée. Nos employés travaillent dur pour résoudre des problèmes intéressants et leurs résultats sont récompensés. Nous valorisons l'apprentissage continu – de nos résultats, de l’environnement et de chacun de nous. C’est un lieu où les attentes sont élevées, la curiosité est profonde et la collaboration est constante, et où l’on retrouve quelques-uns des individus les plus intelligents et les plus passionnés que vous puissiez rencontrer.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Chicago, IL
Year Founded
Unknown
Website
drw.com
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