Job Description

Chevron is seeking a highly skilled Quantitative Analyst to join its commercial team in Dundee. This role is central to the valuation and optimization of the firm’s Global Liquified Natural Gas (LNG) portfolio. You will be responsible for implementing and validating complex models to price multi-year deals, focusing on the embedded optionality inherent in energy contracts. The position requires a deep technical understanding of both liquid and illiquid markets to support the strategic growth of Chevron’s commodity assets.

In this capacity, you will act as a bridge between quantitative research and commercial execution. You will identify key value drivers and risks across short-term and long-term transactions, ensuring that all models are backed by high-quality, production-grade code. You will remain at the forefront of quantitative techniques, upgrading tools to reflect evolving market dynamics and providing the analytical backbone for high-stakes commercial decision-making within the energy landscape.

Key Responsibilities

Model Implementation: Develop, validate, and support tools to value and optimize LNG deals and embedded optionality.
Risk Identification: Pinpoint value drivers and inherent risks in complex transactions across various contract durations.
Portfolio Optimization: Support valuation and optimization efforts across traded energy commodities.
Coding Excellence: Deliver and review high-quality code in Python or C++, improving existing infrastructure within strict deadlines.
Quantitative Analysis: Provide data-driven insights to assist the commercial team in making informed trading and investment decisions.
Technical Evolution: Maintain expertise in emerging quantitative models and upgrade Chevron’s proprietary tools as necessary.

Required Qualifications

Academic Background: Master’s degree or higher in a quantitative field such as Quantitative Finance, Engineering, Physics, Math, or Statistics.
Experience: Minimum of 5 years’ experience as a Quant Analyst in a trading environment, specifically developing option pricing models.
Mathematical Mastery: Strong grasp of optimization principles, probability theory, stochastic calculus, and financial concepts.
Software Proficiency: Advanced skills in Python or C++.
Communication: Ability to distill complex model outputs into clear, concise, and actionable results for non-technical stakeholders.

Job Data Table

Category	Details
Company Name	Chevron Corporation
Location	Dundee, United Kingdom
Locality	Scotland
Country	United Kingdom
City	Dundee
Region	North East Scotland
Job Type	Full-time
Salaries	Competitive (Based on 5+ years experience)
Experience Level	Senior / Experienced (5+ Years)
Travel	Not specified
Language	English (Fluent)
Benefits	Inclusion & Diversity support, Disability excel programs, Flexible working

Skills & Competency Table

Key Skill	Proficiency Level
Option Pricing Models	Expert
Python / C++	Expert
Stochastic Calculus	Advanced
LNG/Energy Markets	Advanced (Preferred)
Portfolio Optimization	Advanced
Technical Documentation	Advanced

Salaries Pay Calculator Table

Annual Salary	Est. Bonus (15-25%)	Total Compensation	Notes
£85,000	£17,000	£102,000	Mid-market for Dundee-based energy quants.
£105,000	£26,250	£131,250	Standard for 5+ years experience in global firms.
£120,000	£30,000	£150,000	Top-tier for specialized LNG option modeling.

Job Summary

This role involves developing and implementing quantitative models to value LNG deals and optimize Chevron’s energy portfolio in Dundee. You will utilize Python/C++ to analyze market risks and optionality. Requires a Master’s degree in a STEM field and at least 5 years of experience in option pricing within a trading environment.

5 FAQs

What is the application deadline? Applications must be submitted by March 9th, 2026, at 11:59 p.m.
Is relocation assistance provided? No, relocation will not be considered for this position.
Is visa sponsorship available? Visa sponsorship may be considered for highly qualified candidates.
What programming languages are used? Proficiency in Python and C++ is required; knowledge of Java is an advantage.
What is the focus of the modeling work? The primary focus is on LNG (Liquified Natural Gas) deals and the embedded optionality within those contracts.

Expert Analysis

In 2026, LNG modeling is increasingly complex due to global supply shifts and decarbonization targets. This role is critical because LNG contracts often include “swing” options and diversion rights that require advanced Stochastic Calculus to value accurately. Success at Chevron requires not just coding ability, but a deep understanding of the physical constraints of energy delivery.

Location & Logistics Guide

The role is based in Dundee, a growing tech and energy hub in Scotland. While Chevron is headquartered in Houston, this team collaborates across global locations. Dundee offers a high quality of life with lower costs than London, accessible via the Dundee Airport or major rail links from Edinburgh.

https://en.wikipedia.org/wiki/Dundee

Career Path

A Quantitative Analyst at Chevron typically moves into a Senior Quant Lead or Commercial Principal role. Given the focus on portfolio optimization, this seat provides a strong foundation for transitioning into Portfolio Management or Head of Quantitative Research within the global energy trading sector.

To apply for this job please visit www.adzuna.co.uk.