Lead Power Quantitative Risk Modeler

Exxon Mobil; Greater London; On-site; GBP 60,000 - 80,000; Full time

Benefits offered by this job

Share incentive plan

Private healthcare for employees

Free Gym at most UK sites

Job summary

Exxon Mobil is seeking a qualified Quantitative Risk professional in Greater London to support our Risk Management function. The successful candidate will develop and validate quantitative models for Power markets and provide recommendations for improvement.

Candidates should have an advanced degree in related fields, strong programming skills in Python, R, or MATLAB, and experience in Energy Quantitative Risk. We offer a comprehensive benefits package including a share incentive plan and private healthcare.

Qualifications

• Advanced degree (Master’s, MBA, or Ph.D.) in relevant fields.
• Experience/knowledge of Power markets.
• Proficiency in programming languages such as Python, R, and SQL.

Responsibilities

• Develop and maintain quantitative valuation models of Power markets.
• Conduct quantitative analysis to support market-based asset valuations.
• Provide recommendations for risk management models.

Skills

Quantitative Risk Management

Statistical Analysis

Python

R

MATLAB

SQL

Monte Carlo Simulation

Education

Advanced degree in Finance, Economics, Statistics, Mathematics, Engineering, or Computer Science

Tools

ETRM systems (Endur, Allegro)

Tableau or comparable Analytics platforms

Job description

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.