Senior European Gas Originator / Structured Trader

Exxonmobil; Greater London; On-site; GBP 120,000 - 190,000; Full time

Benefits offered by this job

Competitive salary

Pension scheme

Private healthcare

Job summary

ExxonMobil in London is seeking a Gas Originator/Structured Trader to develop and commercialise its European gas portfolio, delivering high-value P&L through a range of structured deals while collaborating with Traders, Quants and Structurers.

You will work with Finance, Risk and Law to maximise risk-adjusted returns, build trading capabilities, and contribute to the portfolio strategy across storage, pipelines and gas-in-store opportunities.

Qualifications

• Experience in delivering high-value flow or structured gas deals.
• Knowledge of European gas markets, price risk and hedging.
• Experience with bilateral commodity deals and related contracts.

Responsibilities

• Develop and commercialise ExxonMobil’s European gas portfolio.
• Identify, structure, negotiate and deliver trading P&L through structured deals.
• Collaborate with Traders, Quants and Structurers across functions.
• Maximise risk-adjusted returns with Finance, Risk and Law.
• Advise on asset optimisation and provide commercial support during events.

Skills

Gas trading

Structured trading

P&L ownership

European gas markets

Deal structuring

Tools

EFET

ISDA

Job description

About Global Trading

We are the largest publicly traded international Oil and Gas Company, using technology and innovation to help meet the world’s growing energy needs. We hold an industry-leading inventory of resources and we are one of the world’s largest integrated refiners, marketers of petroleum products and chemical manufacturers.

To further capitalise on commercial insights, we are rapidly building our trading, origination & analytical capabilities to capture new assets and enter new market areas in Europe. We are looking for passionate individuals with an entrepreneurial mind-set to drive change in our business.

This role sits within the front-office Europe Gas & Power Trading team, based in London.

Job Role Responsibilities

• Responsible for developing and commercialising ExxonMobil’s European gas portfolio (both existing & new markets)
• Identify, structure, negotiate, and deliver large trading P&L through a variety of structured deals (primary/bilateral, physical/virtual), internally partnering with Traders, Quants, and Structurers
• Work with Finance, Risk and Law to maximise risk-adjusted returns across a range of flexible asset types (storage, pipelines, swing, price index optionality, etc.)
• Use market & counterparty knowledge to identify select counterparties to improve the P&L of specific deals, facilitating deal capture, across:
  • European storage & transportation operators;
  • Other trading business, around the purchase/sale of secondary storage entitlements, capacity transfers and gas-in-store opportunities; and
  • Regulators and policy makers in related markets
• Advise on asset optimisation strategies (non-linear exposure management), and provide commercial support during operational events
• Provide input into ExxonMobil’s trading /portfolio strategy, & lead growth in organisational capabilities / culture

Preferred Experience

• Previous experience as a Gas Originator or Structured Trader, delivering high-value flow / structured products and building industry-leading trading portfolios
• Trading specific knowledge of European gas markets, as well as understanding of complex asset price risk, volatility, and hedging mechanisms
• Deal focused mindset, P&L accountability for structured gas deals, and experience in a variety of bilateral commodity deals (EFET, ISDA, etc.)
• Expert in primary infrastructure auctions, and experience running a broad range of bilateral auctions
• Experience in building new gas trading capabilities / implementing and operationalising new trading structures

Your Benefits

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:

• Competitive starting salary
• Generous resettlement allowance
• Defined Benefit Pension scheme
• Share incentive plan
• Private healthcare for employees and their families

Please note benefits may be changed from time to time without notice, subject to applicable law.

Alternate Location:

Conditions of Employment
Successful candidates will be made a conditional offer of employment. The conditions include, but are not limited to: a satisfactory criminal records disclosure; satisfactory employment references over five years (where applicable); verification of qualifications, including any professional accreditation stated in the application; completion of a pre-employment medical, including a test for illicit or unprescribed drugs in accordance with the Company’s safety policies; and the legal right to work on the agreed commencement date.

Equal Employment Opportunity Policy
ExxonMobil and its United Kingdom subsidiary companies, Esso Petroleum Company, Limited, and ExxonMobil Chemical Limited, are equal opportunity employers and all qualified applicants will receive consideration for employment. All applicants are offered equal opportunity to demonstrate their abilities during our recruitment processes, therefore, please contact the Recruitment Team if you wish to discuss any particular requirements to enable you to complete our recruitment process.

Nothing herein is intended to override the corporate separateness of local entities. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship.

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships.

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