About the Role
DRW is building the pricing infrastructure for the compute capacity market — a market where spot indices exist, listed futures are in development, and bilateral forward and structured transactions are already being negotiated, yet almost nobody transacting can price the underlying risk.
- Build and own the pricing framework for forward, structured and credit-linked transactions on compute capacity, including forward curve construction on an asset with no observable forward market.
- Produce reservation bids and offers on bilateral requests, and defend them internally.
- Own the valuation model for the book, to a standard that survives institutional operational due diligence.
- Work directly with trading, risk and the firm's leadership on transaction structure, not only on the numbers.
Requirements
- PhD or MSc in a quantitative discipline: financial mathematics, operations research, statistics, physics, economics
- Demonstrated ability to build a price from structural first principles where market data is sparse or absent
- Prior work on commodities, energy, freight, weather, insurance-linked or other physically-grounded markets is directly relevant, though not required
- Fluency in Python
- Comfort with Monte Carlo methods and uncertainty quantification
- The temperament to state an assumption, own it, and change it when the evidence moves
- Prior exposure to compute or semiconductor markets is not expected and will not be weighted