Valuation and Structuring Quantitative Analyst, Gas and Power

Exxon Mobil; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

ExxonMobil is seeking a Valuation and Structuring Quantitative Analyst for its London office. You will join a high-performance Front Office quant team supporting Gas and Power trading, asset optimization and structured transactions.

You will provide transparent, independent valuation and identify pricing for embedded optionality across storages, swing contracts, and cross-commodity strategies. You will collaborate with traders, originators and senior stakeholders, building models, developing

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.

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 background

Front Office Gas & Power valuation

Python for pricing

Storage modelling

Swing option valuation

Back testing

Communication with traders

Curve/vol modelling

Education

MSc/PhD in a quantitative field

Tools

Python

Job description

Valuation and Structuring Quantitative Analyst, Gas and Power

Location:

London, LND, GB

Company Name: ExxonMobil

About us

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. Learn more about our What and our Why and how we can work together .

What role you will play on our team

Join a high performing Front Office Valuation and Structuring quant team supporting Gas and Power trading, asset optimization and structured transactions. You will provide transparent, independent and commercially actionable valuation expertise, with a strong focus on identifying, modelling and pricing embedded physical and financial optionality across storages, swing contracts, transportation/pipeline capacity and power generation assets.

Your work will support traders, originators and senior stakeholders in evaluating structured supply/offtake agreements, capacity deals, dispatch linked structures and cross commodity strategies, while contributing to global corporate initiatives requiring rigorous valuation, optionality analysis and risk translation beyond the core Trading organization.

What you will do

• 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.

What you bring

• 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.

An ExxonMobil career is one designed 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
• Please note benefits may be changed from time to time without notice, subject to applicable law

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,