Senior Quantitative Modeller/Developer - Stochastic Simulations in Power Markets

Our Energy Products practice are looking for an experienced Senior Quantitative Modeller/Developer to join the team  - Stochastic Simulations in Power Markets. 

The CORAL team within our Energy Products practice develops the modelling platform that underpins Baringa's market analysis, valuation, and optimisation capabilities across European energy markets. We build production-grade software used by our consultants, analysts, SaaS developers, and clients to model power markets, simulate market prices, optimise assets, and deliver long-term market insights.
Our work spans statistical and stochastic models, optimisation, internal/external data, and AI-enabled tooling. We combine software engineering, quantitative methods, and energy market expertise to create scalable solutions that support both advisory engagements and productised offerings across Baringa globally.
As our modelling capabilities continue to expand, we are looking for an experienced quantitative modeller to lead the development and evolution of our stochastic simulation framework and associated market modelling methodologies.

What you will be doing

• Lead the design, development, calibration, and validation of Baringa's stochastic simulation models across power, gas, LNG, and other commodity markets.
• Develop advanced modelling methodologies including mean-reverting jump diffusion (MRJD), two-factor, and multi-factor stochastic models.
• Improve the representation of commodity price behaviour, volatility, market regimes, and structural market change within our modelling framework.
• Combine liquid horizon market data with Baringa's long-term fundamental market outlooks to create stochastic simulations that are consistent with our scenario-based simulations.
• Research and implement new quantitative approaches for modelling uncertainty, asset valuation, risk assessment, and market behaviour.
• Work closely with market modelling specialists, advisory teams, and clients to ensure models remain relevant, credible, and aligned with commercial decision-making.
• Partner with software engineers to ensure modelling methodologies are implemented as robust, maintainable, and scalable production software.
• Drive model calibration, validation, benchmarking, and ongoing performance monitoring.
• Communicate complex quantitative concepts clearly to technical, commercial, and executive audiences.
• Contribute to Baringa's thought leadership in quantitative energy market modelling and stochastic simulation.

Your skills and experience

Essential

• Significant experience developing and applying stochastic simulation models within power, gas, commodity, or financial markets.
• Strong understanding of one-factor, two-factor, and multi-factor stochastic processes and their practical application.
• Experience designing, calibrating, validating, and maintaining quantitative models used in commercial environments.
• Knowledge of European power markets, trading, and market fundamentals.
• Understanding of spot, futures, OTC, and derivative markets and their application to valuation and risk analysis.
• Experience integrating market data and statistical techniques into practical forecasting, valuation, or simulation frameworks.
• Strong programming skills in Python, including development of maintainable production-quality code.
• Familiarity with software engineering best practices including testing, version control, code review, and collaborative development.
• Ability to explain complex modelling concepts to both technical and non-technical audiences.
• Strong stakeholder management skills and experience working across modelling, advisory, engineering, and client-facing teams.
• MSc or PhD in Quantitative Finance, Physics, Mathematics, Statistics, Econometrics, Engineering, Computer Science, or a closely related quantitative discipline.

Desirable

• Experience modelling multiple commodities including power, renewables, gas, LNG or carbon.
• Experience with option pricing, risk analytics, portfolio valuation, or trading analytics.
• Experience developing economic scenario generators, stochastic forecasting frameworks, or Monte Carlo-based simulation platforms. This aligns particularly well with backgrounds such as energy trading analytics and scenario generation.
• Experience applying machine learning or statistical learning techniques alongside traditional stochastic modelling approaches.
• Experience taking quantitative research from prototype through to production implementation.
• Exposure to asset valuation, structured transactions, risk management, or energy trading.
• Experience mentoring or leading other quantitative analysts and modellers. 

What a career at Baringa will give you 

Putting People First.

Baringa is a People First company and wellbeing is at the forefront of our culture. We recognise the importance of work-life balance and flexible working and provide our staff amazing benefits. Some of these benefits include:

• Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service.

• Flexible Working: We know that the ‘ideal’ work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave.

• Corporate Responsibility Days: Our world is important to us, so all our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.

• Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We’ve introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.

• Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success.

Diversity and Inclusion

We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people. 

An award-winning workplace

You can be a part of our ‘Great Place to Work’ – with our commitment to women and well-being in the workplace for all. Click here to see some of our recent awards and how we’ve achieved this. 

Using business as a force for good. 

We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act. We report our progress publicly and ensure that we are also externally assessed and scored through organisations like CDP and EcoVadis - helping us to continually identify where we can improve.

We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts. Our Corporate Social Responsibility (CSR) agenda is about giving back to the communities in which we live and work by sharing our skills, talent and time. In essence, we aim to empower and encourage everyone in the firm to contribute to the things we care about, and support registered charities and organisations with a clear social or environmental purpose to increase the positive impact they can have.