At a Glance
- Tasks: Develop and maintain quantitative models for Power markets and risk management strategies.
- Company: Join ExxonMobil, a leader in energy innovation and sustainability.
- Benefits: Enjoy competitive pay, private healthcare, and free gym access at most UK sites.
- Other info: Opportunities for personal and professional growth in a supportive culture.
- Why this job: Make a real impact in energy while advancing your career in a dynamic environment.
- Qualifications: Advanced degree in STEM and experience in Energy Quantitative Risk required.
The predicted salary is between 80000 - 100000 £ per year.
At ExxonMobil, our vision is to lead in energy innovations that advance modern living while reducing emissions. As one of the world's largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for. The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower‑emissions technologies. We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs.
What role you will play in our team
We are looking for qualified and highly experienced individuals with strong credentials to support and advance ExxonMobil’s Risk Management function. A member of the Quantitative Risk team which is part of the Trading Risk & Compliance organization, the successful candidate will help support ExxonMobil’s Upstream Gas & Power as well as Downstream Crude & Products trading activities.
What you will do
- Develop, validate, maintain quantitative valuation models of Power markets.
- Develop, validate, maintain and support risk management models for Trading Strategies, Risk Management, Real Options Valuation, and Simulation of Forward Curves.
- Conduct quantitative analysis of structured deals to support market‑based asset valuations and design hedging strategies.
- Apply advanced statistical analysis into the design, analysis, implementation, and refinement of scenario analysis and stress test methodologies and tools.
- Model and estimate volatilities and correlations, both historical and implied.
- Provide recommendations for improvement and enhancement of risk management models.
- Effectively communicate recommendations on complex topics to a variety of constituents, including Management, Traders, Originators and Risk Management.
- Work on Quantitative Analysis topics as required based on evolving needs of this dynamic Risk organization.
About you
We are looking for someone who has a strong Quantitative / Risk Management background and has the following qualifications:
Skills and Qualifications
- Advanced degree (Master’s, MBA, or Ph.D.) in Finance, Economics, Statistics, Mathematics, Engineering, Computer Science or other STEM majors.
- Experience/knowledge of Power markets.
- Highly experienced in Energy Quantitative Risk, Structuring, or Risk Analysis in Energy Commodities and Marketing: crude oil, refined products, power, natural gas, LNG, renewables, environmental products etc.
- Solid understanding of option theory (Option Greeks etc.), Monte Carlo simulation techniques (i.e., PCA) and mathematical optimization methods (i.e., Dynamic Programming).
- Knowledge of global/domestic energy and carbon markets, including fundamentals, origination and deal structuring, trading strategies and related risk management standards and best practices.
- Proficiency in Python, R, MATLAB, or other programming languages. Additionally programming in SQL.
- Credit Risk Modeling experience is a plus.
Preferred Qualifications / Experience
- Familiarity with energy commodities ETRM systems (i.e., Endur, Allegro etc.) and experience with Tableau or comparable Analytics platforms is a plus.
An ExxonMobil career is one designated to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance, and life. We offer you:
- Share incentive plan
- Private healthcare for employees and their families
- Free Gym at most UK sites
Please note benefits may be changed from time to time without notice, subject to applicable law.
Lead Power Quantitative Risk Modeler employer: Exxon Mobil
At ExxonMobil, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to innovate and excel in their careers. As a Lead Power Quantitative Risk Modeler, you will benefit from our commitment to professional growth, competitive compensation, and comprehensive health benefits, including private healthcare and access to free gym facilities at most UK sites. Join us in shaping sustainable energy solutions while enjoying a culture that values collaboration, diversity, and the pursuit of excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Power Quantitative Risk Modeler
✨Tip Number 1
Network like a pro! Reach out to current or former employees at ExxonMobil on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by diving deep into ExxonMobil’s projects and values. Show us how your skills in quantitative risk management align with their mission to innovate in energy while reducing emissions.
✨Tip Number 3
Practice your technical skills! Brush up on your knowledge of Power markets and risk management models. Be ready to discuss your experience with Python, R, or MATLAB during the interview.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the ExxonMobil team.
We think you need these skills to ace Lead Power Quantitative Risk Modeler
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Lead Power Quantitative Risk Modeler role. Highlight your relevant experience in quantitative risk management and energy markets, and don’t forget to showcase your programming skills in Python or R!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about energy innovations and how your background aligns with ExxonMobil’s vision. Keep it concise but impactful!
Showcase Your Skills:In your application, be sure to highlight your advanced statistical analysis skills and any experience with Monte Carlo simulations. We want to see how you can contribute to our risk management models!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensure it gets into the right hands. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Exxon Mobil
✨Know Your Quantitative Stuff
Make sure you brush up on your quantitative risk management knowledge. Be ready to discuss advanced statistical methods, Monte Carlo simulations, and option theory. Prepare examples from your past work that showcase your expertise in these areas.
✨Understand the Energy Market
Familiarise yourself with the current trends in power markets and energy commodities. Being able to discuss recent developments or challenges in the sector will show your genuine interest and understanding of the field, which is crucial for a role at ExxonMobil.
✨Communicate Complex Ideas Simply
Practice explaining complex quantitative concepts in a straightforward manner. You’ll need to communicate effectively with various stakeholders, so being able to break down intricate topics will demonstrate your ability to collaborate and lead discussions.
✨Showcase Your Technical Skills
Be prepared to discuss your proficiency in programming languages like Python, R, and SQL. Bring examples of projects where you've applied these skills, especially in relation to risk management models or data analysis, to highlight your technical capabilities.
