Senior Power Strategist - Load

The role

This individual will focus on the valuation, structuring, bidding, and risk management of energy transactions. They will work on full-requirements and load-following opportunities across US electricity markets.

What you will 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 embe
• 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.

Required 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.

Benefits

• 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
• flexible spending accounts

About the company

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. Headquartered in Chicago, they trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy.