Quantitative Commodities Modelling Specialist

4 weeks ago


London, Greater London, United Kingdom Millennium Management Full time
Commodities Modelling Lead

Millennium Management is a leading global hedge fund that leverages innovation in technology and data science to drive business solutions. We are building a strong Quant Technology team to develop next-generation analytics and trader support tools. This team will sit under the Fixed Income & Commodities Technology (FICT) group, responsible for creating and maintaining in-house pricing libraries for Fixed Income, Commodities, Credit, and FX business at Millennium.

Key Responsibilities:
  • Develop data science-inspired models for forecasting commodities fundamentals, including power and natural gas demand, production capacities, inventory levels, pipeline and transmission line congestion, refinery outages, and more.
  • Design and implement statistical and causal model types, including regressions, time series analysis, and supply-demand balancing models such as power stack models.
  • Oversee and mentor junior fundamentals analysts.
Requirements:
  • Minimum 5 years of experience in modelling commodities fundamentals in areas like European power and gas, US power and gas, global oil, or ags and softs.
  • Intimate knowledge of handling, cleaning, and organizing data, including familiarity with data sources and providers for temperature, load, rainfall, and other related inputs.
  • Practical knowledge of Python and associated tool stacks for data science is essential.
  • Previous experience leading/supervising a team is beneficial.
  • Knowledge of valuation, pricing, and derivatives models is useful but not required.

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