Quant Researcher – Compute Markets

Overview

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
• Python
• Monte Carlo methods
• Uncertainty quantification

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