Quantitative Analyst V&S – Crude, Products, and Freight
Location: London, LND, GB, SE10SU
What role you will play on our team
Join a high performing Front Office Valuation and Structuring quant team supporting Crude, Refined Products and Freight trading, portfolio 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 crude grades, refinery‑linked products, storage, blending, transportation and freight exposures.
Your work will support traders, originators and senior stakeholders in evaluating structured supply/offtake agreements, blending strategies, storage and logistics optimization, freight‑linked deals 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 crude, refined products and freight transactions, including storage, blending optionality, transportation economics, and structured physical and derivative‑linked deals, quantifying operational, volume, quality and market optionality.
- Support traders and originators with structure design, including blending optimisation, assay‑based valuation, freight routing logic, pricing indexation (Brent, WTI, Dubai, product cracks, freight benchmarks), exposure mapping, sensitivities and commercial explanation of optionality value drivers.
- Build valuation templates and analytics tools capable of modelling crude and products arbitrage, refinery yield optimisation, blending economics and freight optimisation, using stochastic, scenario‑based and optimisation techniques.
- Contribute optionality and valuation insight to large global corporate projects, such as crude supply frameworks, refinery optimisation initiatives, storage and logistics strategies and cross basin arbitrage opportunities.
- Advise on hedging strategies for complex exposures across crude benchmarks, refined products markets and freight, identifying hedgeable and residual components driven by quality differentials, location spreads, freight volatility and timing optionality.
- Conduct back testing, assumption validation and parameter research, including calibration of illiquid forward curves, volatility structures, correlation frameworks and freight and crack spread dynamics.
- Collaborate with quant modelling, technology and data teams to ensure robust model deployment, integration into Front Office trading tools, and support for portfolio optimisation and decision workflows.
What you bring
- Strong quantitative background (MSc/PhD preferred) with Front Office crude, products, freight or broader commodities valuation/structuring or optimisation experience.
- Expertise in crude and products valuation, blending optimisation, refinery economics and freight optionality, alongside strong option pricing and curve/vol modelling skills.
- Advanced Python for pricing tools, optimisation routines and scalable portfolio analytics.
- Ability to communicate complex valuation, blending, logistics and optionality concepts clearly to traders and commercial teams.
- Experience calibrating illiquid parameters and running back tests for crude, products and freight optionality frameworks.
- Understanding of global oil markets, including crude benchmarks (Brent, WTI, Dubai), products markets, refinery operations, freight dynamics (e.g. tanker markets, routes, vessel classes) and cross basin arbitrage.
- Strong awareness of London as a global hub for crude and products trading, with exposure to European and global market dynamics.
- High attention to detail, strong documentation discipline and a proactive improvement mindset.
Benefits
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, please contact the Recruitment Team if you wish to discuss any particular requirements to enable you to complete our recruitment process.
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