Front Office Gas & Power Quant – Valuation & Structuring

Exxon Mobil Corporation; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Share incentive plan

Private healthcare for employees and他们

Job summary

ExxonMobil is seeking a Valuation and Structuring Quantitative Analyst for its Gas and Power desk in London. The role focuses on independent valuation, modelling embedded optionality and pricing across storages, swing contracts, and capacity assets.

You will support traders with structure design, develop analytics tools, and collaborate with modelling teams to deploy robust solutions that drive corporate projects and cross-commodity strategies.

Qualifications

• Strong quantitative background (MSc/PhD preferred) with Front Office Gas & Power valuation/structuring or optimisation experience.
• Expertise in storage modelling, swing option valuation, pipeline/transport optionality, and power asset/dispatch optionality, alongside strong option pricing and curve/vol modelling skills.
• Advanced Python for pricing tools, optimisation routines and scalable analytics.
• Ability to communicate complex optimisation and valuation logic clearly to traders and commercial teams.
• Experience calibrating illiquid parameters and running back tests for storage/swing/power optionality frameworks.
• Understanding of gas hubs, power markets, capacity auctions, congestion patterns, spark/dark spreads, and operational constraints across pipes and generation assets.
• High attention to detail, strong documentation discipline and a proactive improvement mindset.

Responsibilities

• Provide fair valuation and independent risk assessment for gas storage, swing options, pipeline capacity rights, load following structures and power asset linked deals, quantifying operational, volume, flexibility and market optionality.
• Support traders and originators with structure design, including exercise rules, dispatch/flow logic, strike/index formulas, exposure mapping, sensitivities and commercial explanation of optionality value drivers.
• Build valuation templates and analytics tools capable of modelling storage injection/withdrawal optimization, swing flexibility, dispatch optionality and capacity arbitrage, using stochastic, scenario based and optimisation techniques.
• Contribute optionality and valuation insight to large global corporate projects, such as long term gas supply frameworks, optimization of cross border capacity, and power asset commercialisation initiatives.
• Advise on hedging strategies for complex exposures across gas hubs (NBP, TTF, Henry Hub), power markets, capacity rights and cross commodity structures, identifying hedgeable and residual components.
• Conduct back testing, assumption validation and parameter research, including calibration of illiquid curves, volatility structures, correlation frameworks and dispatch driven price dynamics.
• Collaborate with quant modelling/technology/data teams to ensure robust model deployment, integration into FO tools, and support for asset optimisation workflows.

Skills

Quantitative analytics

Front Office valuation

Option pricing

Communication with traders

Education

MSc/PhD preferred

Tools

Python

Job description

ExxonMobil is seeking a Valuation and Structuring Quantitative Analyst for its Gas and Power desk in London. The role focuses on independent valuation, modelling embedded optionality and pricing across storages, swing contracts, and capacity assets.

You will support traders with structure design, develop analytics tools, and collaborate with modelling teams to deploy robust solutions that drive corporate projects and cross-commodity strategies.