Shell Jobs in London – Senior Market Risk Analyst

Job Description:

The purpose of the role is to independently identify, measure, and report on the level of risk from new business proposals, material contracts, and trading market conditions in order to advise the commercial teams on mitigation strategies and risk appetite. The role will provide risk assessments and insights to senior management while collaborating with and providing market specific information and advice to others in the global Finance and Risk Management organization. This includes the Valuation, Quantitative Analytics, Risk Management Operations, and Technical Accounting teams among others. The Oil Market Risk Team will provide an independent view as to whether the organization is receiving appropriate compensation for the risk they are taking.

Job Responsibilities:

• Ability to solve real world business problems using quantitative and computational techniques.
• Ensure that Market Risk fulfils its role as an independent “check and balance” function and is viewed as such by other parts of the organization.
• Define and advance analytical mindset and behaviours by providing support for training and learning opportunities to analysts to enhance their understanding of trade book strategies, complex deals, trading and risk mandates, and market fundamentals.
• Ensuring that error-checking is a natural part of all processes, so output is ‘Right First Time’.
• Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite.
• Identify risks, look at model and portfolio assumptions, market inputs, pricing issues, valuation parameters and instrument types.
• Carry out the review and execution of SOX controls within their organization and manage communications with auditors after they are completed.
• Provide analysis, review, and comments on New Business Proposals. Where applicable, provide peer review and challenge to the deal proposals for other businesses. Ensure that the systems and support functions are ready for when trading commences.
• Understand and explain changes in VaR by breaking down the impact by its underlying drivers and ensuring that the VaR accurately reflects the positions taken and volatility of the relevant market.
• Ensure that all exposures generated are fully understood and that these exposures and resultant P&L are properly evaluated, validated, and analyzed prior to any income being reported.
• Produce content for and occasionally participate in the quarterly Risk Committee meetings with Senior Leadership. Powerpoint skills to produce presentations for Executive level presentations.
• Actively manage resources & processes to optimise the efficient analysis of risk across the portfolio, manage change and prioritise accordingly.
• Promote a culture of continuous improvement across all levels of the organization by having courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.
• Assist in limit setting & monitoring of the Products Oil business, but equally play a key role in limit setting globally across the Trading and Supply business. Ensure that all trading activities remain within mandated limits and escalate appropriately if they are exceeded.
• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.
• Develop and apply fair economic value principles across the Products Oil business, coordinating across the global risk managers to ensure consistent application. This includes providing modelling support and challenge with stakeholders on valuation inputs and parameters.
• Implement Shell best practices in commodity trading risk management.
• Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including VaR back-testing, stress testing, scenario analysis, liquidity analysis.
• Produce ad-hoc analysis to explain P&L or exposure changes to Front Office, assist them with queries and requests for system setup changes.

Job Requirements:

• Experience within a trading and risk management organization, including understanding of trading, operations, risk, compliance and mid/back-office business processes, policies, procedures, and controls.
• Degree in Business, Economics, Mathematics, Science, Engineering, or IT; or relevant workplace experience in the energy trading industry.
• Experience with DEX or comparable energy trading risk management system and ability to fully leverage its functionality.
• Good judgement to provide advice, question discrepancies, escalate issues.
• Scientific mindset; identify, investigate, analyse, research, discuss, record, and resolve issues.
• Understanding of current regulatory proposals and how these can impact Shell.
• Reliable, dependable, and disciplined. Excellent attention to detail, methodical, organized. A trusted partner of the business.
• Resilient when working under pressure, with the ability to prioritise tasks to meet key deadlines.
• Candidates shall possess extremely good judgment and shall be able to provide advice, while balancing risk and value daily.
• A critical and strategic thinker, with a long-term view on risk but with a short term and pragmatic view on implementation.
• Learner mindset; innovative and creative, excellent problem-solving capabilities.
• Knowledge of the infrastructure of the products oil trading and supply industry such as oil fields, export terminals, shipping, pipelines, and refineries. An understanding of the fundamental economics and pricing mechanisms behind these physical assets and flows of crude, and the trading strategies that relate to them. A deep familiarity of the different crude types and how their specifications effect the value, and how the pricing mechanisms of the benchmark contracts work.
• Intermediate to Advanced Excel skills; such as pivot tables, lookups, VBA macros.
• Understanding of financial, commodity and energy markets, derivative instruments, and hedging techniques. Knowledge of options theory, risk of options, and trading strategies.
• Continuous improvement mindset; utilizing tools to streamline and automate work to boost efficiency.

Job Details:

Company: Shell

Vacancy Type: Full Time

Job Location: London, England, UK

Application Deadline: N/A

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