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.