Summer Placement - London, United Kingdom - ExxonMobil

ExxonMobil

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About us
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.

Develop a basic understanding of the energy commodity market
Relating modelling methodology to trading strategy
Collecting thirdparty and proprietary data
Conducting indepth analysis of the model parameters and back testing the performance
Documenting the key results and assumptions

About you:

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?:

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, competencybased interview (virtual over Zoom).

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 spe