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 private healthcare, share incentives, 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:
- 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 in London employer: Exxon Mobil
At ExxonMobil, we pride ourselves on fostering a dynamic work environment that champions innovation and sustainability. As a Lead Power Quantitative Risk Modeler, you will be part of a diverse team dedicated to advancing energy solutions while enjoying comprehensive benefits such as private healthcare and a share incentive plan. Our commitment to employee growth ensures that you will have ample opportunities for professional development in a company that values your contributions to shaping the future of energy.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Power Quantitative Risk Modeler in London
✨Tip Number 1
Network like a pro! Reach out to folks in the energy sector, especially those who work at ExxonMobil. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your quantitative skills. Be ready to discuss your experience with risk management models and how you've applied statistical analysis in real-world scenarios.
✨Tip Number 3
Showcase your passion for sustainable solutions! When you talk about your previous work, highlight how it aligns with ExxonMobil's vision of reducing emissions and advancing energy innovations.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at ExxonMobil.
We think you need these skills to ace Lead Power Quantitative Risk Modeler in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Lead Power Quantitative Risk Modeler role. Highlight your experience in energy quantitative risk and any relevant projects you've worked on. We want to see how your skills align with what we do at ExxonMobil!
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 makes you a great fit for our team. Let us know what drives you and how you can contribute to our mission.
Showcase Your Technical Skills:Since this role requires proficiency in programming languages like Python and R, make sure to highlight your technical skills prominently. Include specific examples of how you've used these skills in past roles to solve complex problems.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets into the right hands. Plus, you’ll find all the details you need about the role there!
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, especially in relation to energy markets. Be ready to discuss specific models you've developed or worked with, and how they apply to trading strategies. This will show that you not only understand the theory but can also apply it practically.
✨Showcase Your Technical Skills
Since proficiency in programming languages like Python, R, and SQL is crucial for this role, prepare to demonstrate your coding skills. You might be asked to solve a problem on the spot, so practice coding challenges related to quantitative analysis and risk modelling beforehand.
✨Communicate Complex Ideas Simply
You’ll need to explain complex quantitative concepts to various stakeholders, including traders and management. Practice summarising your past projects and findings in a way that’s easy to understand. Use clear examples to illustrate your points and ensure you can convey your recommendations effectively.
✨Stay Updated on Market Trends
Familiarise yourself with current trends in the energy sector, particularly in power markets and carbon trading. Being able to discuss recent developments or changes in regulations will demonstrate your genuine interest in the field and your proactive approach to staying informed.
