{"id":3409221,"url":"https://alion.io/job/baringa-senior-quantitative-modellerdeveloper-stochastic-simulations-in-power-markets","title":"Senior Quantitative Modeller/Developer - Stochastic Simulations in Power Markets","company":{"id":668725,"name":"Baringa","domain":"baringa.com","url":"https://alion.io/company/baringa","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Greenhouse","truth_index":{"grade":"A","score":86,"open_postings":20,"ghost_share":0,"stale_share":0.55,"repost_share":0,"time_to_fill_p50_days":30,"computed_at":"2026-10-30T05:48:23Z"}},"role":"Data Science","role_family":"Data Science","seniority":"senior","employment_type":null,"work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Sofia, Bulgaria"],"countries":["BG"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":{"min_usd":31000,"max_usd":81000,"period":"year","method":"global_role_cell_scaled_by_country","sample_n":2679},"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Python","optional":false},{"name":"GDPR","optional":true},{"name":"Machine Learning","optional":true}],"status":"live","first_seen_at":"2026-10-28T14:28:14Z","employer_posted_date":"2026-10-28","last_verified_at":"2026-10-30T15:59:52Z","board_verified":true,"closed_at":null,"days_open":2,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":2},"description":"About Baringa \nBaringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding.\nThe firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence - all powered by advanced technology, data, AI and digital innovation.\nClients value Baringa’s collaborative approach and the way its teams integrate seamlessly - all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors.\nCertified as a Great Place to Work around the world, Baringa has been recognised by the Financial Times in 22 categories of its UK Leading Management Consultants rankings, and by Forbes for four consecutive years as one of the World’s Best Management Consulting Firms.\nOur Energy Products practice are looking for an experienced Senior Quantitative Modeller/Developerto join the team - Stochastic Simulations in Power Markets. \nThe 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.\nOur 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.\nAs 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.\nWhat you will be doing\nLead the design, development, calibration, and validation of Baringa's stochastic simulation models across power, gas, LNG, and other commodity markets. \nDevelop advanced modelling methodologies including mean-reverting jump diffusion (MRJD), two-factor, and multi-factor stochastic models. \nImprove the representation of commodity price behaviour, volatility, market regimes, and structural market change within our modelling framework. \nCombine liquid horizon market data with Baringa's long-term fundamental market outlooks to create stochastic simulations that are consistent with our scenario-based simulations. \nResearch and implement new quantitative approaches for modelling uncertainty, asset valuation, risk assessment, and market behaviour. \nWork closely with market modelling specialists, advisory teams, and clients to ensure models remain relevant, credible, and aligned with commercial decision-making. \nPartner with software engineers to ensure modelling methodologies are implemented as robust, maintainable, and scalable production software. \nDrive model calibration, validation, benchmarking, and ongoing performance monitoring. \nCommunicate complex quantitative concepts clearly to technical, commercial, and executive audiences. \nContribute to Baringa's thought leadership in quantitative energy market modelling and stochastic simulation.\n Your skills and experience\nEssential\nSignificant experience developing and applying stochastic simulation models within power, gas, commodity, or financial markets. \nStrong understanding of one-factor, two-factor, and multi-factor stochastic processes and their practical application. \nExperience designing, calibrating, validating, and maintaining quantitative models used in commercial environments. \nKnowledge of European power markets, trading, and market fundamentals. \nUnderstanding of spot, futures, OTC, and derivative markets and their application to valuation and risk analysis. \nExperience integrating market data and statistical techniques into practical forecasting, valuation, or simulation frameworks. \nStrong programming skills in Python, including development of maintainable production-quality code. \nFamiliarity with software engineering best practices including testing, version control, code review, and collaborative development. \nAbility to explain complex modelling concepts to both technical and non-technical audiences. \nStrong stakeholder management skills and experience working across modelling, advisory, engineering, and client-facing teams. \nMSc or PhD in Quantitative Finance, Physics, Mathematics, Statistics, Econometrics, Engineering, Computer Science, or a closely related quantitative discipline.\nDesirable\nExperience modelling multiple commodities including power, renewables, gas, LNG or carbon.\nExperience with option pricing, risk analytics, portfolio valuation, or trading analytics. \nExperience 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. \nExperience applying machine learning or statistical learning techniques alongside traditional stochastic modelling approaches. \nExperience taking quantitative research from prototype through to production implementation. \nExposure to asset valuation, structured transactions, risk management, or energy trading. \nExperience mentoring or leading other quantitative analysts and modellers. \nWhat a career at Baringa will give you \nPuttingPeopleFirst.\nBaringa 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: \nGenerous 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. \nFlexible 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. \nCorporate 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. \nWellbeing 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. \nProfit Share Scheme:All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success. \nDiversity and Inclusion\nWe 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. \nAn award-winning workplace\nYou 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. \nUsing business as a force for good. \nWe 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. \nWe 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.\nJoin us\nAll applications received will be reviewed by a member of our Talent Acquisition team. We never rely solely on automated screening or AI tools to make hiring decisions. Your application will be considered for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed. Please contact a member of our Recruitment Team to discuss further.\nBaringa Privacy Notices\nFor UK & EU\nYour personal data will be retained by Baringa for up to two years, in accordance with our UK Recruitment Privacy Notice / EU Recruitment Privacy Notice, to evaluate your application and meet our legal and reporting obligations. In line with the General Data Protection Regulation (GDPR), you have the right to request access to, rectification, or erasure (subject to legal limitations) of your personal data. For more information, please contact us at \nFor the USA\nYour personal data may be retained by Baringa for up to two years, as outlined in our Recruitment Privacy Notice (AMER & APAC), to support the recruitment process and internal reporting requirements. Where applicable, and in accordance with relevant federal and state laws, you may have the right to request access to or correction of your personal information. For further details, please contact \nFor Australia & Singapore\nYour personal data will be retained by Baringa for up to two years, in accordance with our Recruitment Privacy Notice (AMER & APAC), to assess your application and meet applicable reporting and legal obligations. In line with the Australian Privacy Act and Singapore’s Personal Data Protection Act (PDPA), you may have rights to access, correct, or request limited deletion of your personal data. 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