Director, Quantitative Analysis

Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here. Who We Are We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization. We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart. Fostering an Inclusive Work Environment To deliver superior performance, we create an environment that respects the contributions and differences of every individual. Wherever possible, we use these differences to drive competitive business advantage, personal growth and, ultimately, create business success. Job Summary We are seeking a senior quantitative professional to serve as the Lead Quantitative Analyst and working supervisor for ConocoPhillips' commercial quant function. This is a high-impact, player-coach role — you will be a hands-on quantitative contributor as much as a team leader, personally driving model development and owning the mathematical processes alongside the analysts you lead. The role carries responsibility across all COP traded commodities — crude oil, natural gas, power, LNG, NGLs, and risk quantification — and serves as the primary technical authority for model development, valuation frameworks, and the shared quant library that underpins commercial analytics across the organization. You will set the modeling standards, define the quant roadmap, and review the work of quantitative analysts. We are looking for someone who leads by example on the quantitative front, remains deeply engaged in model design and mathematical rigor, and can step in anywhere across quantitative analytics. Position Overview Technical Leadership & Model Development Own the mathematical design and intellectual core of ConocoPhillips' multi-commodity quantitative library — a centralized framework covering valuation, pricing, simulation, optimization, and risk across crude, natural gas, LNG, power, and NGLs. Design and maintain pricing models for vanilla and exotic derivatives, physical embedded optionality (e.g., storage, transport, swing, tolling, SPAs with flex provisions), and structured commodity products. Develop and own stochastic price process models — including mean-reverting, GBM, jump-diffusion, and multi-factor models — calibrated to forward curves, volatility surfaces, and historical correlations. Own option pricing frameworks (Black-76, spread options, real options, Monte Carlo, Longstaff-Schwartz, Least-Squares Monte Carlo) with rigorous delta/Greeks computation and hedging analytics for use by traders, originators, and risk managers. Build and maintain forward curve construction and calibration routines using spline, bootstrap, and parametric methods, integrating live market data from ICE, Platts, Bloomberg, and internal sources. Lead model validation efforts including back-testing, stress testing, sensitivity analysis. Design scalable simulation frameworks suitable for large-scale Monte Carlo workloads, scenario analysis, and optimization loops across multi-commodity portfolios. Quant Library & Platform Own the mathematical framework and ongoing evolution of a centralized, reusable quantitative library — ensuring models are rigorously documented, peer-reviewed, and grounded in sound, defensible methodology. Establish and enforce modeling standards, validation protocols, and governance practices across the quant library — setting the bar for mathematical rigor, assumption transparency, and auditability. Partner with Commercial IT to ensure quant model outputs are accessible and deployable within commercial workflows, while retaining full ownership of the underlying mathematics and model logic. Ensure all models carry full audit trails, documented assumptions, version-controlled runs, and calculation methodologies defensible for senior leadership and risk governance review. Team Leadership & Mentorship Lead and mentor a team of quantitative analysts across commodity lines — conducting code reviews, model reviews, and technical coaching to elevate team capability and output quality. Define and steward the quant team's analytical roadmap in close coordination with commercial leadership, traders, market analysts, and risk management. Allocate team resources across competing priorities — balancing long-term library development with time-sensitive deal support and ad hoc analytical requests from desks. Recruit and develop quant talent;