Point72

Quant Researcher, Power Dispatch Modeling

Point72 • $135K — $160K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master or PhD in operations research, electrical engineering, applied mathematics, or related quantitative field
  • 5+ years of direct experience building power dispatch models (SCUC/SCED) using optimization solvers (Gurobi, CPLEX, etc.)
  • Knowledge of power plant dispatch and grid operations, including capacity and ancillary service obligations
  • Familiarity with LMP pricing in US power markets
  • Experience with SQL and timeseries databases
  • Proficiency in Python and version control with Git

Responsibilities

  • Formulate and build a power dispatch model using Python and a commercial solver
  • Collaborate with Portfolio Manager to optimize model inputs and architecture
  • Ensure the model accurately replicates historical grid operations
  • Suggest model improvements to reduce forecast errors and enhance scenario handling
  • Regularly maintain and update outputs in an internal database
  • Communicate model results and limitations to the investment team, sharing insights via dashboards

Benefits

  • Collaborative work environment that promotes continuous learning and innovation
  • Opportunity to work on impactful projects affecting the US power markets
  • Access to advanced modeling and optimization tools
  • Support for professional development and further education
  • Comprehensive benefits package including health, wellness, and retirement plans
Full Job Description
Role:

The Quant Researcher will report to a Stamford based Portfolio Manager and will focus on:
  • Building, running, and maintaining power dispatch model for ERCOT and other major US ISOs
  • Driving the model's inputs and architecture to efficiently simulate power grid conditions and marginal pricing
  • Continuously testing and improving the model, ensuring it accurately replicates historical conditions and effectively analyzes forward scenarios
  • Communicating the model's results and limitations to the wider investment team

Responsibilities:
  • Formulate and build a power dispatch model using Python and a commercial solver
  • Collaborate with the PM to optimize model inputs and architecture
  • Ensure the model replicates grid operations from historical conditions
  • Suggest model improvements to decrease forecast error and improve scenario handling
  • Regularly run the model and maintain up-to-date outputs in an internal database
  • Communicate results and limitations to the wider investment team, including publishing results to team dashboards

Requirements:
  • Master or PhD in operations research, electrical engineering, applied mathematics, or a related quantitative field
  • 5+ years of direct experience building power dispatch models (SCUC/SCED) using optimization solvers (Gurobi, CPLEX, etc.)
  • Knowledge of power plant dispatch, grid operations (including capacity and AS obligations), and LMP pricing in US power markets
  • Experience using SQL and timeseries databases
  • Proficiency in Python and Git; additional experience with an OOP language a strong plus
  • Domain knowledge in ERCOT, PJM, or CAISO preferred

About Point72

Point72 Asset Management is a hedge fund and family office founded by Steven Cohen in 2014. The company is headquartered in Stamford, Connecticut and manages over $16 billion in assets. Point72 primarily invests in public equity markets, but also has a private equity arm. The company has a global presence with offices in New York, London, Hong Kong, Tokyo, and Singapore. Point72 has been involved in several high-profile legal cases, including a $1.8 billion settlement with the SEC in 2013.
Learn more about Point72
Size
1,500 employees
Industry
Founded
2014

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