At a Glance
- Tasks: Develop and maintain quantitative models for oil markets and risk management strategies.
- Company: Join ExxonMobil's dynamic Quantitative Risk team in a leading energy company.
- Benefits: Enjoy competitive salary, generous allowances, private healthcare, and free gym access.
- Other info: Opportunity for career growth in a fast-paced, evolving risk management environment.
- Why this job: Make a real impact in energy trading with advanced quantitative analysis and innovative solutions.
- Qualifications: Advanced degree in STEM and experience in energy quantitative risk required.
The predicted salary is between 80000 - 100000 £ per year.
We are looking for qualified and highly experienced individuals with strong credentials to support and advance ExxonMobil’s risk management function. As a member of the Quantitative Risk team, which is part of the Trading Risk & Compliance organization, the successful candidate will help support Upstream Gas & Power as well as Downstream Crude & Products trading activities.
What You Will Do
- Develop, validate, maintain quantitative valuation models of oil products markets.
- Develop, validate, maintain and support risk management models for trading strategies, 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 to 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 managers.
- 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 oil product 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 (e.g., PCA) and mathematical optimization methods (e.g., 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, and SQL.
- Credit risk modeling experience is a plus.
Preferred Qualifications / Experience
- Familiarity with energy commodity ETRM systems (e.g., Endur, Allegro) and experience with Tableau or comparable analytics platforms is a plus.
Your Benefits
- Competitive starting salary.
- Generous resettlement allowance.
- Defined benefit pension scheme.
- 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 Products Quantitative Risk Modeler employer: ExxonMobil
ExxonMobil is an exceptional employer, offering a dynamic work environment that fosters innovation and professional growth within the Quantitative Risk team. With competitive salaries, generous benefits including private healthcare and a defined benefit pension scheme, and a strong emphasis on employee development, we empower our team members to excel in their roles while contributing to critical trading activities in the energy sector. Located in the UK, our culture promotes collaboration and continuous learning, making it an ideal place for those seeking meaningful and rewarding careers in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Products Quantitative Risk Modeler
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like ExxonMobil. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Lead Products Quantitative Risk Modeler
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ExxonMobil.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ExxonMobil's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ExxonMobil
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ExxonMobil.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ExxonMobil will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ExxonMobil employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
