Quantitative Researcher- Power

Quantitative Researcher – Power

Millennium is a top tier global hedge fund with a strong commitment to leveraging innovations in technology and data science to solve complex problems for the business. We are assembling a strong Quant Technology team to build our next generation in-house analytics and trader support tools. This team will sit under the Fixed Income & Commodities Technology (FICT) group and will develop and maintain the in-house pricing libraries to support trading in Fixed Income, Commodities, Credit, and FX business at Millennium. FICT provides a dynamic and fast-paced environment with excellent growth opportunities.

Primary Responsibilities

• Build fundamental models mainly in the US regional power markets space.

• Analyze Transmission Outages and Impact in Eastern ISO’s.

• Understanding the FTR market at regional level and building forecasts around it which in turn can be used for trading.

• Combine domain and analytical knowledge to analyze different US power fundamental datasets and model using statistical/ econometrics/ machine learning techniques.

• Collaborate with other traders to build different models for US power market trading.

• Calibrate and maintain production-cost models using historical back testing focused on major hubs and zones, in addition to constraints.

Required Skillset

• Prior experience in the US power and FTR markets.

• Strong analytical and statistical skillset with solid domain understanding.

• Experience with Dayzer, Promod or similar Software.

• Strong Python Fundamentals knowledge (for data science) and SQL/ Database experience.

• Ability to work with multiple traders with high level requirements.

• Ability to work with multiple traders with high level requirements.

• Experience with operating power flow software like Power world/ PSS-E and conducting scenario analysis around transmission outages and upgrades.

Education and Experience:

• Bachelor's degree in computer science, Mathematics, or a related field.

• A minimum of 3-8 years of experience in US EAST transmission & FTR Power market.