Market Risk Operations Analyst
Royal Dutch Shell
Job Family Group:
August 10, 2023
Posting Start Date:
What’s the role?
Shell Trading and Supply is the world’s largest energy trading business and operates in every major energy market around the world. It supports the Shell group businesses by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, freight, and environmental products. Shell Trading and Supply also manages one of the world's largest fleets of liquefied natural gas carriers and oil tankers and provides maritime expertise and logistics to Shell companies and external customers. Our aim is to create value for Shell’s shareholders, customers, and counterparties across the globe by forging successful partnerships that generate mutually beneficial commercial opportunities.
The Market Risk Operations Team is responsible for ensuring that risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly. The Market Risk Operations Analyst reports to the Manager of Market Risk Operations. The candidate will need to be comfortable with working independently with limited supervision at times and be able to thrive as part of a global team with members in the US, UK, India, and Singapore.
The goal is to ensure that all data needed for portfolio valuation is complete, timely and accurate, and that systems and controls are in place to ensure compliance with the global Risk Management framework.
As Market Risk Operations Analyst, you will be responsible for the following duties:
The Market Risk Operations group is responsible for maintaining observable valuation inputs e.g., exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations
Understand physical spot price assessments and the construction of forward curves
Working with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team
Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date
Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders
Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team
Ensure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is ‘Right First Time’
Processes, clarify accountabilities, and simplify interfaces to allow the smooth running of the Risk organization
Be an end-to-end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks
Implement Shell best practices in commodity trading risk management
Ensure that Risk fulfils its role as an independent “check and balance” function and is viewed as such by other parts of the organization
Promote a culture of continuous improvement by having the courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces
What we need from you
Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Three (3) years working experience within a trading, financial or risk management organization
Bachelor’s Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry
Knowledge of financial, commodity and energy markets, derivative instruments, and hedging which could have been gained in a Market Risk, Product Control or Trade Control roles
Intermediate to Advanced Excel skills, such as pivot tables, lookups, VBA macros. SQL and Python an advantage, other coding languages can also be useful.
Experience with Endur, DEX or comparable energy trading risk management system.
Also, this is a role for a person who brings diversity of thought, who is not afraid to speak up and who is comfortable challenging stakeholders.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents. Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html
An innovative place to work
There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.
An inclusive place to work
To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.
- We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
- We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
- We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
- We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
A rewarding place to work
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.