Quantitative Risk Analyst

Turn complex risk into clarity – and clarity into better trading decisions.

At InCommodities, risk isn’t a back-office exercise. It’s a close partnership with the Front Office, built on trust, strong models, and honest conversations. We’re looking for a Quantitative Analyst to strengthen our risk capabilities in North American gas and power markets and help us rethink how quantitative risk supports trading decisions.

You’ll work hands-on with traders, own critical models end to end, and help shape how risk is measured, explained, and acted upon in fast-moving energy markets.

What you’ll do

• You design, implement, and own market risk models, including VaR (parametric, historical, Monte Carlo), Expected Shortfall, stress testing, scenario analysis, and backtesting
• You build and maintain key risk drivers such as curves, volatility surfaces, correlations, and basis/spread risk
• You quantify non-linear and optionality risk for complex structures like storage, swing, tolling, and spark/dark spreads
• You develop scalable Python-based risk libraries used for daily reporting and intraday monitoring
• You integrate models into production risk systems, ensuring data quality, transparency, and auditability
• You improve performance and robustness of risk calculations where it matters

Your Team

You’ll be part of the Risk team that works side by side with the Front Office. We don’t hide behind reports – we collaborate, challenge ideas, and build analytics that traders actually use. Expect direct access to decision-makers, fast feedback loops, and colleagues who value deep expertise, honest discussions, and shared ownership.

What you bring

• You hold a quantitative degree in Applied Math, Statistics, Physics, Engineering, Computer Science, Quantitative Finance, or similar
• You bring around 7 years of experience in a quantitative risk role within commodities, energy, or capital markets
• You have strong knowledge of futures and options, with hands-on exposure to gas and power markets in North America
• You’ve worked with structured transactions such as storage, transport, PPAs, or similar energy assets
• You’re a strong Python user and build production-grade analytics using libraries like pandas, numpy, scipy, or similar
• You have experience developing risk systems and VaR frameworks end to end – from modeling to reporting
• You’re comfortable working with large datasets and data pipelines (SQL, APIs, market data)

How you work

• You take ownership and see models through from idea to production
• You explain complex risk concepts clearly to non-quants
• You challenge assumptions – including your own – to get to the right answer
• You care about quality, documentation, and model governance without slowing things down
• You collaborate openly across risk, trading, and tech

What you can expect from us:

You’ll join with a steep learning curve supported by a thorough onboarding program that sets you up for success from day one. From there, you’ll enjoy a high level of autonomy, working alongside exceptional colleagues who are bold, honest, ambitious, and among the smartest in their fields. Our culture is unique—we live our values of Honesty, Transparency, and Rethink, and we do it without rigid hierarchies or dress codes. Along the way, you’ll take part in great events, both within your team and across the organization, and you’ll have the chance to grow on both a professional and personal level.

Benefits:

• Flexible working hours and hybrid work schedule
• Medical, Dental, Vision, STD, LTD, Life insurance, all with employer contributions
• 401k with employer matching
• Parental leave including paid and unpaid options
• Generous PTO policy and paid holidays
• Monthly Door Dash allowance and snacks and drinks at the office
• Internet and optional cellphone reimbursement
• Access to office gym

About InCommodities – North America

We’re InCommodities North America – and we’re building the full energy trading value chain across US power and gas.

We’ve been trading power in US markets since 2020. Now we’re scaling up – expanding into gas, growing our local teams, and opening new offices across the US.

What sets us apart is our EnergyTech edge. We combine deep market expertise with advanced technology, quantitative models, and a data-driven mindset to trade smarter, faster, and at scale. That’s how we move energy where it’s needed, 24/7/365 – and why we attract ambitious people who want to rethink the future of energy trading.

Our culture is simple: entrepreneurial, flat, and hands-on. You’ll get autonomy and trust from day one – and the responsibility to make an impact. We value initiative over titles, thrive in change, and back each other in building one of the most ambitious energy trading companies in North America - with the strength of a global platform behind us.

Our culture

At InCommodities, we win as a team. You’ll work alongside bold, honest, and ambitious people who challenge each other to grow – and get better every day.

Autonomy is real here, and it comes with trust. You’re expected to take ownership and make decisions that move InCommodities forward. Not by asking for permission, but by working with the right people to get it right. You’ve got freedom – and a strong team to back you up.

We care about personal and cultural fit. Not because we expect everyone to be the same, but because we’re building a place where people genuinely enjoy working – and want to stick around.

Expect a casual vibe. We keep a flat hierarchy, no dress code, and no corporate red tape to slow you down. Just trust, teamwork, and a healthy dose of fun along the way. And yes, we like to hang out outside office hours as well.