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Product Control Lead - Energies

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Product Control Lead - Energies

Job Location
Chicago
Employment type
Regular
Department
Operations
Targeted Start Date
Immediate

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.   

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.   

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.    

 We are currently seeking a Product Control Lead to focus on the valuation of all energy commodity products including independent verification of physical deal valuation and assisting with the ongoing development of product control analysis tools.

Responsibilities:

  • Independently verify pricing models and inputs to those pricing models and present the results of that analysis to the valuation committee.
  • Document all valuation processes
  • Work with risk and global trade management to provide verified valuation and associated data.
  • Participate in the development of a database of historical data used to create prices, volatilities, and correlations
  • Identify the assumptions within each model and test the sensitivities to those assumptions where the input data may not be observable
  • Work with trading desk analysts on new deals to verify pricing models and sources of associated data
  • Manage daily and intraday pricing and ensure all deals are priced
  • Work closely with software engineers to provide pricing verification system specifications

Required Skills & Experience:

  • Previous experience valuing natural gas and electricity products, for both exchange traded and bilateral deals
  • Must have a strong quantitative background and strong data analysis skills
  • Experience with data analysis tools such as Python, R, Matlab, or other data analysis tools
  • Able to question assumptions and work with other groups to find optimal solutions
  • Sound judgement and strong analytical skills
  • Must be proactive and able to work independently

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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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