Quantitative Analyst
Habitat Energy
full-time
Posted on:
Location Type: Hybrid
Location: Austin • Texas • United States
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About the role
- Build and maintain pricing models for valuing structured products, hedges, assets, and portfolio management for liquid futures markets, binary options, and ISO traded products.
- Design and maintain Monte Carlo and scenario-based simulation engines for DA/RT prices, ancillary services, and battery cycles.
- Build and maintain pricing models for structured products, bespoke energy derivatives (e.g., shape hedges, collars), and asset valuation.
- Calibrate models to market data (futures, options, swaps) across all tenors and seasonalities.
- Collaborate with Origination to translate complex term sheets into model inputs, stress-testing payoffs under various forward-curve and volatility regimes.
- Build quantitative models to manage risk across a diverse book, including Point-to-Point, DART, Exchange trading, and exotic derivatives.
- Develop systematic signals for trading ERCOT futures and managing the term structure of the portfolio.
- Compute and manage aggregate exposures (VaR, ES, and Greeks) for a combined book of structured contracts and liquid instruments.
Requirements
- Bachelor’s degree required in Electrical Engineering, Power Systems, Quantitative Finance or a related field.
- 3+ years pricing structured products or derivatives in energy or financial markets.
- Familiarity with Financial Derivatives, Options Greeks, Market Making & Market Microstructure
- Solid understanding of ERCOT forwards, and option markets
- 2+ years of related power systems, electric market design, or energy trading experience.
- Knowledge of market fundamentals within ERCOT.
- Understanding of transmission systems, power flow, congestion, and curtailment.
- Fundamental knowledge of how solar, wind, and battery storage assets operate within the various energy markets.
- Working knowledge of SQL and Python
- Knowledge of ISO and RTO wholesale market operations and applicable state regulations.
- Working knowledge of the various forms of capacity and ancillary services markets.
- Proven problem-solving and negotiation skills.
- Strong verbal and written communication skills and a high level of attention to detail.
- Ability to exercise discretion and independent judgment.
- ‘Nice to have’ skills and experience: Experience managing energy storage resources
- Experience structuring products related to carbon offset, long-term financing of renewables or energy storage assets
- Experience and confidence presenting to clients, board members and prospective clients.
- Experience working with SQL
Benefits
- Competitive salary
- Flexible working arrangements
- Personal development opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
pricing modelsMonte Carlo simulationscenario-based simulationquantitative modelsrisk managementVaRESOptions GreeksSQLPython
Soft skills
problem-solvingnegotiationverbal communicationwritten communicationattention to detaildiscretionindependent judgment
Certifications
Bachelor’s degree in Electrical EngineeringBachelor’s degree in Power SystemsBachelor’s degree in Quantitative Finance