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Quantitative Analyst (Staff / Sr Staff) - Power Markets

About our CompanyEquilibrium Energy is a well-funded, Series B clean energy startup backed by some of the most prominent institutional investors in climate. We are building a digital native power company operating at the intersection of grid variability, market volatility, economic optimization, commercial structuring, and risk management, across the end-to-end power value chain. Our mission is to accelerate our collective path to climate, energy, and societal equilibriums. Our goal is to become one of the next-generation, digital-native, end-to-end global clean power companies that reshapes the energy industry.New colleagues will share our vision that a next-generation energy company must be built from the ground up on deep industry expertise combined with an unwavering commitment to modern digital approaches. We design our commercial strategies, operational approaches, and product suites so as to best leverage data-driven insights, automated workflows, ML-infused pipelines, and fully automated decision engines. These capabilities are enabled by our progressively modern software stack and engineering best practices, which in turn provide the scalable platform we need to put a serious dent in carbon emissions. We’re looking for collaborative, talented, passionate and resourceful folks to join our team and help us lay the foundation for our important mission and ambitious plan.What we are looking forEquilibrium was founded with a vision for building a company where innovation, collaboration, machine learning, and data science power all aspects of our algorithmic decision-making. We are looking for staff / sr staff quantitative analysts with a heavy focus on trading strategy research and development in the energy space to accelerate the maturation of our quantitative trading business, while helping to shape the science-driven products, tools, & processes that will drive the future success of our company.As a key member of our sciences group, you will play an active role in a) cultivating our culture of experimentation, signal discovery, and incremental delivery, b) facilitating research into profitable strategy development and energy market dynamics, c) helping to identify, recruit, train, and mentor members of our growing team of exceptional trading analysts, and d) partnering with our engineers, product managers, scientist, and commercial team to influence the near to medium term product roadmap.What you will doUse research insights to shape product direction: Influence product and engineering roadmaps through presentation of research insights, experimental results, and trading strategy backtest metrics, in order to evolve organizational direction. Initiate and lead cross-functional engagements to surface, prioritize, formulate, and structure complex and ambiguous challenges where advanced novel quantitative analytics or machine learning techniques can drive outsized company trading impact.Trading performance analytics: Investigate driving factors in trading over/under performance, identifying learnings, and drive a fly-wheel of continuous strategy improvement and team education.Research, develop, backtest, and deploy novel quantitative trading signals and strategies in the energy domain: Identify and extract sources of trading alpha by researching multiple energy datasets, surveying industry techniques & domain intuition, and executing hands-on experimental models & backtests. Drive the design, specification, development, and production deployment of our suite of novel quantitative trading solutions. Lead short to medium term research projects that advance the state-of-the-art in quantitative research techniques, as applied to energy asset management and financial trading.The minimum qualifications you’ll need• Passion for clean energy and fighting climate change• An advanced degree in computer science, data science, machine learning, artificial intelligence, operations research, engineering, or related quantitative discipline• 6+ years experience in quantitative research & analytics, automated systematic financial trading, or similar role, in the US Power Markets• 4+ years experience with python and the supporting computational science tool suite (e.g. numpy, scipy, pandas, scikit-learn, tensorflow, etc)• Experience in the electricity and energy domain (e.g. wholesale market prices)• Experience developing, releasing, and tracking performance of quantitative trading strategies in production• Experience communicating mathematical concepts, analytical results, and data-driven insights to both technical and non-technical audiences• A collaboration-first mentality, with a willingness to teach as well as learn from othersNice to have additional skills• Experience designing and building novel statistical models on time series data, including characterizing probabilistic outcome uncertainty• Experience with database technologies and sql• Experience with probability, hypothesis testing, and uncertainty quantification• Experience with optimization techniques (e.g. stochastic optimization, robust optimization)• Experience with data visualization and dashboarding technologies (e.g. plot.ly Dash, Streamlit)• Experience leading and mentoring a team of analystsNot sure this is the right role for you?We are a high growth company with accelerating hiring needs so there’s a great chance we’ll be able to create a custom role for you, now or in the future. All roles, titles and compensation packages are tailored to the applicant, so apply anyways and tell us in your cover letter about your dream role.What we offerEquilibrium is composed of deeply knowledgeable industry experts across all our functions, with decades of experience in energy-specific commercial structuring, power systems engineering, machine learning, computational research, operations research, distributed and compute-intensive infrastructure, and modern software & ML engineering. Our experience in the space means we’ve previously built versions of nearly every technical component of our platform. We are now designing them better, and combining them in a holistic and novel way, to achieve global scale and climate impact. We pride ourselves on our deeply empathetic & collaborative culture, honest and direct but respectful communication, and our balanced, flexible, and remote-first work environment.Employee benefits include:• Competitive base salary and a comprehensive medical, dental, vision, and 401k package• Opportunity to own a significant piece of the company via a meaningful equity grant• Unlimited vacation and flexible work schedule• Ability to work remotely from anywhere in the United States, Canada & Europe, or join one of our regional hubs in Boston, SF Bay Area, or London• Accelerated professional growth and development opportunities through direct collaboration and mentorship from leading industry expert colleagues across energy and techEquilibrium Energy is a diverse and inclusive, equal opportunity employer that does not discriminate on the basis of race, gender, nationality, sexual orientation, veteran status, disability, age, or other legally protected status.
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What You Should Know About Quantitative Analyst (Staff / Sr Staff) - Power Markets, Equilibrium Energy

Are you passionate about clean energy and looking for a dynamic opportunity? Join Equilibrium Energy as a Quantitative Analyst (Staff/Sr Staff) in our San Francisco office! At Equilibrium Energy, we're on a mission to revolutionize the energy industry by building a digital-native power company that leverages cutting-edge technology and deep industry expertise. As part of our team, you will influence the development of innovative trading strategies and contribute significantly to our quantitative trading research. You'll work closely with engineers, product managers, and scientists, driving product direction through insightful research and performance analytics in the energy space. This role requires a collaborative spirit as you engage in cross-functional projects aimed at tackling complex challenges in power markets. Equipped with your advanced degree and extensive experience in quantitative analytics, you'll delve into research and backtesting to extract valuable trading signals, helping to enhance the performance of our trading strategies. At Equilibrium, we foster a culture of experimentation and continuous learning. If you're ready to make a meaningful impact on climate change and build a sustainable future, we can't wait for you to join us on this exciting journey!

Frequently Asked Questions (FAQs) for Quantitative Analyst (Staff / Sr Staff) - Power Markets Role at Equilibrium Energy
What are the main responsibilities of a Quantitative Analyst (Staff/Sr Staff) at Equilibrium Energy?

As a Quantitative Analyst (Staff/Sr Staff) at Equilibrium Energy, your key responsibilities will include researching, developing, backtesting, and deploying innovative quantitative trading signals and strategies specifically within the energy market. You'll also dive into trading performance analytics to investigate factors affecting trading outcomes, alongside shaping the product direction through presenting research insights and collaborating with cross-functional teams.

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What qualifications are necessary for the Quantitative Analyst (Staff/Sr Staff) role at Equilibrium Energy?

To be considered for the Quantitative Analyst (Staff/Sr Staff) position at Equilibrium Energy, candidates should possess an advanced degree in a quantitative field such as computer science or data science along with a minimum of 6 years of experience in quantitative research and analytics. Additionally, familiarity with the US Power Markets and experience with Python and relevant computational tools are crucial.

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How does the Quantitative Analyst position contribute to Equilibrium Energy's mission?

The Quantitative Analyst (Staff/Sr Staff) position at Equilibrium Energy plays a pivotal role in furthering the company's mission to combat climate change. By leading efforts in trading strategy research and developing data-driven insights, you'll help shape the company's approach towards a sustainable energy future while driving impactful trading decisions that align with our vision.

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What kind of environment can Quantitative Analysts expect at Equilibrium Energy?

At Equilibrium Energy, Quantitative Analysts will experience a flexible and remote-first work environment that emphasizes a culture of collaboration, innovation, and continuous growth. Our team thrives on open, honest communication and values the input of every member, creating a supportive atmosphere where everyone's contributions are recognized.

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What growth opportunities are available for Quantitative Analysts at Equilibrium Energy?

Equilibrium Energy offers significant opportunities for professional growth and development for Quantitative Analysts. You will collaborate directly with leading industry experts, participate in mentorship programs, and engage in projects that push the boundaries of quantitative research in energy trading, all of which contribute to your personal and professional advancement.

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Common Interview Questions for Quantitative Analyst (Staff / Sr Staff) - Power Markets
Can you explain your experience with developing and backtesting quantitative trading strategies?

When answering this question, focus on specific examples from your previous roles. Discuss the methodologies, tools, and technologies you have used in the development process, as well as the outcomes and any learning experiences gained from backtesting.

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What approach do you take to analyze trading performance?

Communicate your systematic approach to analyzing trading performance. Highlight the metrics you consider most crucial, such as Sharpe ratios, drawdowns, or volatility, and mention how you use these insights to iterate and improve trading strategies.

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How do you stay updated on market trends and energy data?

Describe the resources and networks you rely on to keep abreast of industry trends. Mention any relevant publications, seminars, or databases you consult, and how you integrate that knowledge into your quantitative analysis work.

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Can you provide an example of a complex problem you solved in a quantitative analytics role?

Share a specific situation where you faced a challenging quantitative problem. Detail the problem, the analytical techniques or models you applied, and what the result was, ideally emphasizing how this experience shaped your skills.

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How do you balance the need for rigorous analysis with the need to communicate findings to non-technical stakeholders?

Emphasize your ability to tailor your communication style according to your audience. Share strategies that you’ve used to distill complex mathematical concepts into clear, actionable insights for non-technical team members, ensuring effective collaboration and understanding.

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What tools and programming languages are you most proficient in?

Clearly outline the programming languages you excel in, particularly Python, and reference specific libraries and tools that are relevant to quantitative analysis in energy markets. Providing examples of how you've utilized these tools can strengthen your answer.

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Describe a time when you mentored or trained a junior analyst or team member.

Discuss a mentorship scenario where you provided guidance to a junior analyst. Highlight your approach to ensuring their growth, the specific skills you focused on, and the outcomes of your mentorship, which could include increased efficiency or successful project completions.

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What statistical models have you applied to time series data in your previous work?

Concisely describe the statistical models you’ve implemented, emphasizing their relevance to time series analysis in energy markets. Mention specific applications, including how they informed trading decisions or improved predictive accuracy.

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How do you approach collaboration in cross-functional teams?

Discuss your philosophy on collaboration, emphasizing the importance of sharing insights and learning from colleagues across functions. Providing examples of successful projects developed through collaboration can illustrate your commitment to teamwork.

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What excites you about working in the clean energy sector?

Express your passion for clean energy and articulate the significance of contributing to climate change initiatives. Relate this motivation to your career aspirations as a Quantitative Analyst at Equilibrium Energy.

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EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
December 21, 2024

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