Senior Power Strategist - Load

As a Senior Quantitative Power Strategist at DRW, you will join the US Power and Natural Gas trading team to focus on valuation, structuring, bidding, and risk management of energy transactions, particularly full-requirements and load-following opportunities across US electricity markets. You will work closely with traders, developers, and other quantitative researchers to build pricing and risk frameworks for complex load obligations, combining deep knowledge of physical power markets with strong quantitative modeling skills and sound commercial judgment.

What you'll do

• 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

What you bring

• 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 programming language
• Strong foundation in statistics, probability, optimization, time-series analysis, and Monte Carlo simulation
• A 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

What we offer

• Annual base salary of $150,000 to $250,000 depending on experience, qualifications, and relevant skill set
• Annual discretionary bonus
• Group medical, pharmacy, dental and vision insurance
• 401k with discretionary employer match
• Short and long-term disability insurance
• Life and AD&D insurance
• Health savings accounts and flexible spending accounts

About DRW

DRW is a diversified trading firm with over three decades of experience operating in markets around the world. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, the firm trades a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets, and has expanded into real estate, venture capital, and cryptoassets.