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Stochastic Calculus Jobs (NOW HIRING)

Commodity Quantitative Strategist

Houston, TX · On-site

$116K - $149K/yr

Experience with mathematical finance, derivatives, option pricing, and stochastic calculus. * Strong understanding of embedded optionality and drivers. * Minimum 2-7 years of professional experience ...

Director, Model Validation

Manhattan, NY · On-site

$150K - $261K/yr

Deep knowledge of stochastic calculus, probability theory, and numerical analysis. * Strong programming skills in C++ and Python; experience with distributed computing a plus. * Verbal & written ...

Director, Model Validation

New York, NY · On-site

$150K - $261K/yr

Deep knowledge of stochastic calculus, probability theory, and numerical analysis. * Strong programming skills in C++ and Python; experience with distributed computing a plus. * Verbal & written ...

Strong foundation in advanced mathematics and statistics, including probability theory, stochastic calculus, numerical methods, and linear algebra * Experience with data analytic tools such as SQL ...

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Stochastic Calculus information

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How much do stochastic calculus jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for stochastic calculus in the United States is $25.08, according to ZipRecruiter salary data. Most workers in this role earn between $17.31 and $28.61 per hour, depending on experience, location, and employer.

What are the common challenges faced by professionals working in stochastic calculus?

Professionals working with stochastic calculus often encounter challenges such as interpreting complex mathematical models, ensuring numerical stability in simulations, and translating theoretical results into practical applications. Given the abstract nature of stochastic processes, effective communication with colleagues from non-mathematical backgrounds can also be demanding. Additionally, staying up-to-date with new research and computational tools is essential, as the field constantly evolves, especially in finance and data science settings.

What is the difference between Stochastic Calculus vs Quantitative Analyst?

AspectStochastic CalculusQuantitative Analyst
Required CredentialsMathematics, Statistics, or Financial Engineering degreesMathematics, Statistics, Finance, or Economics degrees
Work EnvironmentResearch, modeling, and theoretical analysis in finance or engineeringDeveloping models, analyzing data, and supporting trading strategies
Industry UsageFinancial institutions, risk management, derivatives pricingInvestment banks, hedge funds, asset management firms

Stochastic Calculus focuses on the mathematical tools used to model randomness and uncertainty, essential for pricing derivatives and risk assessment. Quantitative Analysts apply these mathematical techniques, including stochastic calculus, to develop financial models, analyze markets, and inform trading decisions. While stochastic calculus provides the theoretical foundation, Quantitative Analysts utilize these methods in practical, industry-specific contexts.

What is stochastic calculus?

Stochastic calculus is a branch of mathematics that deals with integrating and differentiating functions that involve randomness, typically modeled by stochastic processes such as Brownian motion. It provides the mathematical foundation for modeling systems that evolve over time with inherent uncertainty, such as stock prices, interest rates, and physical processes influenced by random noise. Stochastic calculus is widely used in quantitative finance, engineering, physics, and other disciplines to analyze and predict dynamic systems where randomness plays a key role.

What skills and qualifications are needed to work in stochastic calculus?

To excel in a role focused on stochastic calculus, you need advanced mathematical knowledge, particularly in probability theory, differential equations, and stochastic processes, usually supported by at least a master's or PhD in mathematics, statistics, or a related field. Familiarity with computational tools like MATLAB, Python (with libraries such as NumPy and SciPy), and specialized statistical software is typically required. Strong analytical thinking, problem-solving abilities, and attention to detail distinguish top professionals in this area. These skills are critical for accurately modeling and analyzing random systems, which underpin decision-making in finance, engineering, and scientific research.
More about Stochastic Calculus jobs
Infographic showing various Stochastic Calculus job openings in the United States as of August 2026, with employment types broken down into 51% Full Time, and 49% Part Time. Highlights an 83% Physical, and 17% Remote job distribution, with an average salary of $52,166 per year, or $25.1 per hour.

Modeling Quantitative Analyst, Cross-Asset Trading Analytics

ExxonMobil

Spring, TX

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 16 days ago


ExxonMobil rating

5.9

Company rating: 5.9 out of 10

Based on 227 frontline employees who took The Breakroom Quiz

71st of 86 rated oil and gas companies


Job description

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 in our team

If successful, you will be an integral part of our Global Trading Analytics organization, supporting commercial and trading activities across energy, environmental, and commodity markets. We are seeking a highly motivated quantitative analyst with strong modeling and analytical capabilities to develop and enhance quantitative models, models calibration, analytical frameworks, and decision-support tools that enable trading, risk management, and commercial optimization.

In this role, you will work closely with quants, traders, originators, technologists and risk professionals to help the Global Trading organization and business grow. You will contribute to the development of scalable state-of-the-art quantitative solutions that support commercial decisions in a fast-paced and evolving market environment.

What you will do
  • Develop, implement and maintain quantitative models supporting trading, risk management, valuation, and portfolio optimization across multiple energy commodities (Crude Oil, Natural Gas, Power, LNG, Freight etc …)
  • Build analytical frameworks to evaluate market fundamentals, price formation, asset relationships, and cross-commodity trading opportunities.
  • Conduct statistical analysis, time-series modeling, scenario analysis, and forecasting to support commercial decision-making.
  • Develop and enhance pricing, volatility, correlation, and risk models used by trading, origination and risk management teams.
  • Partner closely with traders and commercial teams to translate business challenges into quantitative solutions and actionable market insights.
  • Create and maintain analytical tools, dashboards, and model infrastructure to improve trading efficiency and decision support.
  • Analyze market behavior and emerging trends across energy, environmental products, freight, foreign exchange, and related financial markets.
  • Evaluate model performance, conduct back-testing, and implement model enhancements to improve predictive accuracy and commercial value.
  • Collaborate with technology teams to deploy robust, scalable, and production-ready quantitative solutions.
  • Communicate complex analytical findings and model outputs to commercial stakeholders in a clear and concise manner.
  • Contribute to the development of quantitative best practices, analytical methodologies, and model governance standards across the organization.
What you bring
  • Master's, or PhD degree in Applied Mathematics, Statistics, Financial Engineering, Physics, Computer Science, Operations Research or a related quantitative discipline.
  • Strong quantitative and analytical problem-solving skills with the ability to develop practical solutions to complex commercial challenges.
  • Experience developing quantitative models in commodities or other asset classes either in energy companies, hedge funds or banks.
  • Strong understanding of probability, stochastic calculus, statistics, optimization techniques and machine learning methodologies.
  • Experience working with large and complex datasets to generate actionable business insights.
  • Proficiency in Python ideally or other programming languages such as C++, C#, C or Java. Experience with quantitative analytics libraries and data science toolsets.
  • Knowledge of market risk concepts, valuation methodologies, portfolio analytics, and trading performance measurement.
  • Experience with model validation, back-testing, and analytical governance frameworks.
  • Ability to communicate technical concepts effectively to both quantitative and non-quantitative stakeholders.
  • Demonstrated ability to work collaboratively in a fast-paced commercial environment while managing multiple priorities.

Preferred Qualifications

  • Advanced degree in a quantitative field.
  • Experience supporting commodity trading, energy markets, environmental products, or financial trading organizations.
  • Experience with derivative pricing, stochastic calculus, Monte Carlo simulation, PDEs, stochastic optimal control and optimization techniques.
  • Knowledge of power, natural gas, crude oil, refined products, LNG, biofuels, carbon markets, freight, or foreign exchange markets.
  • Experience with cloud-based analytics platforms, distributed computing environments, and modern data architectures.
  • Familiarity with software engineering best practices including version control, testing, and model deployment.
Your benefits

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: 

  • Pension Plan: Enrollment is automatic and at no cost to you. The basic benefit is a monthly annuity to be paid to you in retirement for the rest of your life 
  • Savings Plan: You can contribute between 6% and 20% of your pay and are encouraged to enroll right away. If you contribute at least 6% to your savings plan, the Company will contribute a 7% match
  • Workplace Flexibility: We have several programs such as “Flex your Day”, providing ad-hoc flexibility around when and where you work, as well as longer-term programs such as leaves of absence and part-time work
  • Comprehensive medical, dental, and vision plans
  • Culture of Health: Programs and resources to support your wellbeing
  • Employee Health Advisory Program: Provides confidential professional counseling for you and your family, including tools and resources promoting mental health and resiliency at no additional cost to you
  • Disability Plan: Income replacement for when you cannot work due to illness or injury occurring on or off the job. Enrollment is automatic and at no cost to you

More information on our Company’s benefits can be found at www.exxonmobilfamily.com. 

Please note benefits may be changed from time to time without notice, subject to applicable law.

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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.


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