At a Glance
- Tasks: Build and own pricing frameworks for innovative compute-capacity markets.
- Company: Join DRW, a leader in innovative pricing strategies.
- Benefits: Competitive salary, flexible work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on data-driven decision making.
- Why this job: Make a real impact in emerging markets with cutting-edge technology.
- Qualifications: PhD or MSc in a quantitative field and fluency in Python required.
The predicted salary is between 59400 - 72600 £ per year.
In this role you will build and own the pricing framework for a new compute-capacity market, developing forward curves and pricing for non-observable assets. You will interact with traders and risk leads to shape transaction structures and defend valuations. The work centers on translating first-principles pricing to practical models that meet institutional standards. This is a chance to contribute to DRW’s innovative approach to pricing in emerging markets and scale sophisticated technology across teams.
Responsibilities
- Build and own pricing framework for forward, structured and credit-linked transactions on compute capacity
- Develop forward curve construction for an asset with no observable forward market
- Produce reservation bids/offers on bilateral requests and defend them internally
- Own the valuation model for the book to institutional standards
- Collaborate with trading, risk and leadership on transaction structure beyond numbers
Key requirements
- PhD or MSc in a quantitative discipline (financial mathematics, operations research, statistics, physics, economics)
- Ability to price from structural first principles in data-sparse environments
- Experience with commodities, energy, freight, weather, insurance-linked or similar physically-grounded markets is relevant though not required
- Fluency in Python
- Experience with Monte Carlo methods and uncertainty quantification
- Temperament to state, own, and revise assumptions as evidence evolves
- Prior exposure to compute or semiconductor markets not required and not weighted
- Ability to communicate and collaborate with trading, risk and leadership
- Clear rationale and ownership of assumptions
- Data-driven decision making
Quant Researcher - Compute Markets in London employer: DRW
At DRW, we pride ourselves on being an exceptional employer that fosters a culture of innovation and collaboration. As a Technisch engineer, you will be part of a dynamic team where your contributions directly impact our trading strategies, all while enjoying opportunities for professional growth in a cutting-edge environment. With a commitment to integrity and high expectations, we empower our employees to take ownership of their work and explore new technologies, making DRW a truly rewarding place to advance your career.
