Quant Product Designer (Electricity Markets & Energy Derivatives)
Build the Future of Energy Trading
Remote | Full-Time
What if congestion paths, nodal prices, and transmission risk could be traded as easily as any modern financial instrument?
A fast-growing energy and financial technology company is developing a new generation of market products designed to bring greater transparency, liquidity, and risk management capabilities to wholesale electricity markets.
Their mission is to transform complex electricity market risks into continuously tradable financial instruments, helping power traders, utilities, data centre operators, energy producers, and large consumers manage exposure more effectively.
Please note: this is not a UI/UX design role. The company is seeking a market-structure specialist with deep expertise in wholesale power markets, congestion risk, and energy derivatives.
If you’ve worked with FTRs, CRRs, LMPs, ISO/RTO markets, transmission planning, congestion analysis, or power trading and enjoy designing innovative financial products, this could be an excellent fit.
What You’ll Do
Product & Market Design
Design perpetual futures and other derivatives linked to wholesale electricity prices, congestion, and source-to-sink spreads.
Identify attractive nodes, hubs, zones, and transmission paths for new product launches.
Define contract specifications, settlement methodologies, reference pricing, and risk parameters.
Develop products that complement existing hedging instruments such as FTRs, CRRs, and swaps.
Translate complex electricity market risks into products that are intuitive and accessible for market participants.
Financial Engineering & Risk Management
Design pricing methodologies for electricity and congestion-linked financial products.
Build transparent, robust, and manipulation-resistant pricing frameworks.
Integrate and normalise ISO/RTO market data for benchmark and pricing calculations.
Conduct backtesting, simulation, and scenario analysis to validate product performance.
Develop margin frameworks, risk controls, liquidation processes, automated margin systems, and position limits.
Collaborate with quantitative researchers and engineers to build pricing and risk infrastructure.
Market Analysis & Research
Analyse congestion trends, transmission constraints, FTR/CRR markets, outages, generation patterns, load growth, and system topology.
Identify transmission corridors with meaningful liquidity, risk, and commercial demand.
Assess how data centre growth, renewable adoption, storage deployment, and transmission bottlenecks are creating new hedging opportunities.
Engage with traders, market makers, utilities, hedge funds, and large energy consumers to validate market demand.
Benchmark & Index Development
Create transparent and reproducible electricity-price and congestion benchmarks.
Define methodologies, node selection criteria, weightings, and calculation frameworks.
Partner with engineering teams and data providers to automate benchmark production and publication.
Required Qualifications
Experience working within one or more U.S. power markets (PJM, ERCOT, MISO, SPP, CAISO, NYISO, or ISO-NE).
Strong understanding of FTRs, CRRs, LMPs, congestion pricing, and source-to-sink spreads.
Experience in power trading, transmission planning, congestion analysis, market design, market monitoring, or grid operations.
Ability to analyse large datasets and translate findings into actionable product recommendations.
Excellent quantitative, analytical, and communication skills.
Entrepreneurial mindset with an interest in building entirely new categories of energy-market products.
Preferred Qualifications
Experience on a power trading, FTR, or CRR desk.
Background within an ISO/RTO, utility, transmission owner, energy hedge fund, consultancy, or market-monitoring organisation.
Knowledge of transmission modelling, power-flow studies, or congestion forecasting.
Experience designing derivatives, structured hedging…