Applications for this job are now closed
At ExxonMobil, our vision is to lead in energy innovations that advance modern living and a net-zero future. 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.
ExxonMobil has operated in the U.K. for more than 135 years. We are best known today for the marketing of our Esso fuels and Mobil 1 lubricants and for our petrochemicals. We have refining and chemical operations in the UK, we operate the UK’s biggest private pipeline network and we retain a non-operated share in a number of fields in the North Sea. More recently, we are developing our involvement in lower emission projects in the UK, building on our experience in carbon capture and storage (CCS), hydrogen production and biofuels.
ExxonMobil’s Global Trading (EMGT) brings together our trading expertise from across the Corporation into a single, Centralized Organization to deliver industry-leading results by more fully leveraging our competitive advantages, our understanding of global energy markets, and our advantaged global asset portfolio. The EMGT organization includes global crude, products and feedstocks, gas and power and freight trading activities. Harmonized business development, origination, analytics, and enablement activities allow EMGT to leverage scale and best practices. Our objective is to deliver on our corporate strategy by more effectively responding to market volatility, creating incremental earnings for our Businesses and, ultimately, growing value for all our stakeholders
What role you will play in our team
We are now recruiting for our 2024 Summer Placement Programme. We are seeking an exceptional individual who wants to spend 8 weeks with our global Quantitative Analytics team in our Global Trading organization, commencing in July 2024.
Part of this team’s responsibilities is to provide trading signals for monetizing optionalities embedded in the physical assets in the European natural gas market. As part of our Summer Placement Programme, you will be mentored by Senior Front-Office Quants and work very closely with our European Gas and Power Trading team on our trade floor.
What you will do
You will be responsible for the calibration of model parameters. Calibration is the key to ensure model performance under various market conditions, including the most volatile ones we have seen in the recent past.
You will apply your skills to accomplish the following:
- Develop a basic understanding of the energy commodity market
- Relating modelling methodology to trading strategy
- Collecting third-party and proprietary data
- Conducting in-depth analysis of the model parameters and back testing the performance
- Documenting the key results and assumptions
Whilst on placement with ExxonMobil you will have support and guidance from managers, supervisors and recent graduates to enable you to apply your degree knowledge and fulfil your potential. You will gain confidence and experience as an individual, learning new skills in a real trading environment.
About you
- Be in the penultimate or final year of your Masters or PhD studies in Mathematical Finance, Computational Finance, Financial Engineering, or similar subject.
- Have an understanding of option theory, particularly stochastic calculus and option Greeks
- Be familiar with financial engineering techniques, such as Monte Carlo simulation and dynamic programming
- Be fluent in a programming language such as Python or Excel-VBA
- Be seeking to gain work experience on an 8 week paid Summer Placement, commencing in July 2024.
- Be able to demonstrate:
- Outstanding analytical, numerical and problem solving skills
- A strong attention to detail
- An interest in commodity and financial markets
- The ability to communicate, collaborate and work effectively with in an international team environment
- Leadership capabilities
What are the next steps?
If you are Interested, you can apply now.
The closing date for this opportunity is Sunday 17th December 2023, at which point we will begin our two-stage assessment process.
- Behavioural assessment.
- Technical, competency-based interview (virtual over Zoom).
If your application is not successful at any stage we will let you know as soon as we can.
ExxonMobil recognises that recruiting and developing the right people is key to our success and so we look for applicants who demonstrate the right skills, attitudes, capability and potential. Our processes are designed to be robust, engaging and consistent.
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.
