What are the responsibilities and job description for the Prin Quantitative Analyst position at Constellation?
Who We Are
As the largest private-sector power producer in the world and the nation's largest producer of clean and reliable energy, Constellation is focused on our purpose: lighting the way to a brilliant tomorrow for all. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Now integrated with Calpine, our portfolio includes 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities, with the generating capacity to power the equivalent of 27 million homes.
Our culture and employee experience make it clear: We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things. Join us in meeting the country's energy needs today and tomorrow.
Total Rewards
Constellation offers an extensive selection of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and a wide-range of benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, eligible employees are offered a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including robust wellbeing programs; disability and life insurance benefits; paid time off for vacation, holidays, and sick days; and much more.
Expected salary range of $153,000 to $170,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k).
Primary Purpose Of Position
The Principal Quantitative Analyst works to design, develop and support Constellation's core trading and risk management systems which provide proprietary mechanisms for deal pricing, entry, and settlement; physical asset management; portfolio valuation; and both daily and real-time risk reporting. A solid understanding of traditional financial valuation and modeling techniques along with a strong foundation in options theory, simulation modeling, and statistical methods is essential. As a member of the Quantitative Analytics team, he collaborates directly with quantitative developers and commercial and risk analysts to design, implement and maintain underlying financial and physical models and business processes. The models, systems, and tools are of critical importance to Constellation's commercial operation and success. The Principal Quantitative Analyst provides leadership, training, and mentorship to less experienced members of the team and organization as a whole.
Primary Duties And Accountabilities
As the largest private-sector power producer in the world and the nation's largest producer of clean and reliable energy, Constellation is focused on our purpose: lighting the way to a brilliant tomorrow for all. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Now integrated with Calpine, our portfolio includes 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities, with the generating capacity to power the equivalent of 27 million homes.
Our culture and employee experience make it clear: We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things. Join us in meeting the country's energy needs today and tomorrow.
Total Rewards
Constellation offers an extensive selection of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and a wide-range of benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, eligible employees are offered a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including robust wellbeing programs; disability and life insurance benefits; paid time off for vacation, holidays, and sick days; and much more.
Expected salary range of $153,000 to $170,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k).
Primary Purpose Of Position
The Principal Quantitative Analyst works to design, develop and support Constellation's core trading and risk management systems which provide proprietary mechanisms for deal pricing, entry, and settlement; physical asset management; portfolio valuation; and both daily and real-time risk reporting. A solid understanding of traditional financial valuation and modeling techniques along with a strong foundation in options theory, simulation modeling, and statistical methods is essential. As a member of the Quantitative Analytics team, he collaborates directly with quantitative developers and commercial and risk analysts to design, implement and maintain underlying financial and physical models and business processes. The models, systems, and tools are of critical importance to Constellation's commercial operation and success. The Principal Quantitative Analyst provides leadership, training, and mentorship to less experienced members of the team and organization as a whole.
Primary Duties And Accountabilities
- Develop, maintain, and extend Constellation's underlying financial and physical pricing, valuation, and risk management models.
- Conduct research and produce prototypes and proof-of-concept demonstration systems to test new approaches and solutions to complex problems.
- Translate quantitative and business concepts into efficient, robust, supportable system design and architecture.
- Write, test, and deploy code supporting mission-critical commercial systems.
- Provide tactical and real time support for risk and valuation systems and interfaces.
- Collaborate with quantitative analysts, risk, front office and back office functions, and IT leadership to prioritize and execute strategic projects.
- Bachelor's degree in Computer Science, Data Science, Statistics, Mathematics, or related field
- 8 years of experience
- Working knowledge of applied and financial mathematics, including relevant concepts and techniques
- Experience using a broad range of software development tools across multiple platforms, programming languages, and databases, including Windows, Solaris, Linux, C, C , Python, Perl, MATLAB, C#, Oracle, and SQL Server
- Demonstrated ability to learn and apply industry fundamental concepts including energy commodity markets, option valuation, position management, and hedging
- Demonstrated ability to work both independently and as part of cross-functional teams ranging from individual contributors to multi-member groups
- Demonstrated strong communication and organization skills
- Proficiency with Microsoft Office Suite applications
- Doctorate in computer science, engineering, mathematics, or a comparable technical discipline
- Energy industry experience
- Demonstrated analytical skills with the ability to perform financial, quantitative, and qualitative analysis
Salary : $153,000 - $170,000