Quantitative Researcher – Compute Markets
A pricing-focused researcher building valuation frameworks for a new market in computing capacity, where forward prices barely exist yet. It sits in a trading firm's team creating bilateral forwards and structured deals.
What you’d work on
Our reading of the posting: what a new hire in this role would most likely spend their first months on.
- Construct forward curves with little or no observable market data
- Price forward, structured and credit-linked compute transactions
- Produce and defend bid and offer levels on bilateral requests
- Own the valuation model for the book to due-diligence standard
What they ask for
Required
- PhD or MSc in financial maths, OR, statistics, physics or economics
- Pricing from first principles when data is sparse
- Python
- Monte Carlo methods
- Uncertainty quantification
- Willingness to own and revise assumptions
Preferred
- Work in commodities, energy, freight, weather or insurance-linked markets
- Education
- PhD or MSc in a quantitative discipline
- Experience
- Experience building prices where market data is thin
- Languages and tools
How to prepare
- Build a forward curve for an illiquid commodity-like asset from structural assumptions
- Practise Monte Carlo simulation with confidence intervals on prices
- Study how commodity forwards and storage or cost-of-carry models work
- Learn model documentation and validation habits
What to study
- Derivatives Pricing and Computational Finance
- Advanced Derivatives and Exotic Options
- Linear Algebra, Optimisation and Numerical Methods
- Probability, Statistics and Financial Data
- Python for Quantitative Finance
The Derivatives Pricing Quant roadmap sets out the stages for this kind of role, with free resources for each.
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Read the full posting on DRW’s site before applying: requirements, location and pay can change after we check them.
View the posting on DRW’s site ↗
SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with DRW and doesn’t handle applications.