Specialist - Market Risk

Whats The Role

The Market Risk (MR) department is a specialized unit in Finance Operations (FO) that operates in the Chennai and Manila centers. The team has frontline responsibility for risk measurement, deal valuation, exposure reporting and price validation. The department pulls together a range of expert skills that ensure accurate, timely reporting and allow MR to offer professional advice on the wide range of issues that the department gets involved in. We are interested in attracting people to our business who share our core working values of honesty, integrity and respect for others. We want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork. The team has been continuously absorbing newly migrated activities over the last eight years with continued growth and more complex work will continue to be absorbed into the teams.

Scope:

This description details the role for a ‘Specialist’ who will be part of the SEAM/SEAu (Shell Energy Americas & Shell Energy Australia respectively) team in MR Chennai. The candidate will primarily assist with the desk reporting for SEAM. Additionally, as part of the larger team covering SEAM and SEAu desk reporting, the analyst may need to cover the primary SEAu analyst during their absence.

The SEAM team follows daily P&L and exposure reporting as well as the additional structured activities that are operated either daily, weekly, monthly or quarterly. The portfolio covers the New Energies business- Gas and Electricity trading portfolios in the North America and Brazil. The team relies heavily on the use of smart analytic tools for its core deliverables- working with multiple ETRM (Energy Trading Risk Management) systems, using queries to retrieve information from archived databases. SEAus is a relatively new, up and coming business for T&S. In the last couple of years, there has been growth in business (notably the ERM acquisition in 2019) and more work is expected to come in for the Chennai team over time. The changes based on anticipated growth in trading activity and/or increasing complexity of deals will necessitate additional oversight into the trading portfolio.

As a Market Risk team member, the primary function will be to detect, quantify and communicate potential for unforeseen or unidentified risk within trading activities Additionally, this role liaises with Accounting/ Finance, Operations and Commercial teams to ensure deals are captured accurately and reflected correctly in our systems. Cross training will be required to provide cover on daily, monthly and quarterly reporting processes for the Market Risk team. Individual will be frequently involved in development of the day-to-day and monthly processes and systems in order to keep pace with the ever-changing trading environment.

What You Will Be Doing

• Understand key P&L drivers and articulate strategy-based P&L commentary whilst demonstrating a commercial understanding of the business
• Leverage Market Risk modelling practices including Value at Risk & Stress Testing to understand and communicate the risk in the portfolio
• Understand trading account structure, exposures and P&L generated by different transaction types in the book
• Provide ad-hoc analysis by running queries into the Trading Risk databases
• Monitor exposure limits daily within the Trading Control Framework and Manual of Authorities (MOA)
• Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX & Financial Reporting requirements; and Shell Trading mandate and policies
• Liaise with business users and technical support to identify, analyze and resolve application issues
• Monitor and report KPI for both external (traders) & internal performance metrics
• Be curious about the Shell’s trading business, seek to understand both ongoing/upcoming transactions, and dig into conflicting data to resolve issues while considering the impact upon the overall business
• Work closely with Senior Specialist(s) to help them carry out daily risk reporting and execute projects. Most projects are likely to come in with short deadlines- the candidate is expected to lead the project if there is a business need
• Be well versed/have hands-on experience in any or all of VBA, Advanced Excel, Power BI, MS Access, SQL, MATLAB, Spotfire, QlikView, Tableau. The job will have a techno-functional aspect where the analyst will frequently pull data, filter and process information, analyze, interpret and clearly communicate the results upwards for the consumption of senior management
  
  

What We Need From You

• At least 2-3 years of relevant working experience
• Bachelors Degree or equivalent
• The ideal candidate will be highly numerate, logical, can prioritize and multi-task, and is comfortable working in teams
• A good understanding of Commodity Markets (preferably crude oil/ oil products/ LNG/ natural gas/ power) business and/or familiarity with spot price assessments, forward curve methodologies, swap markets, and basics of options would be valuable
• Risk Management knowledge (demonstrate knowledge of different types of VaR, stress testing, sensitivity analysis, basis risk, volume risk, currency risk)
• Experience/ understanding of Risk Management systems Endur and Nucleus- ability to identify deal changes related to fees would be a strong plus.
• Working knowledge of SQL and Oracle is required.
• Working knowledge of Spotfire - create new visualizations and drill down information for detailed analysis - is preferred
• An undergraduate degree in Statistics, Mathematics, Science, Finance or Economics from a leading academic institution
• Strong computing skills (Excel, programming, VBA) and analytical abilities
• Experience in Six-Sigma and/or other problem-solving methodologies to drive continuous improvement
• Strong analytical skills required; detail and accuracy oriented
• Strong communications and interpersonal skills
• Finance and accounting skills including ability to understand financial results and financial and management reports
• Experience in Gas & Power wholesale and retail trade instruments would be a plus
• Experience with risk analysis, Value-at-Risk, financial derivatives, or physical energy markets would be a plus
• Ability to work with cross-functional work group
• Ability to drill down into complex data and must have a keen eye for details
• Creativity in problem solving
  
  

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.

Our business has been built on a foundation of innovative technology and skilled employees. By providing energy to sustain people’s lives for more than a hundred years, Shell has become one of the world’s leading companies.

Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future. At Shell, everyone does their part.

An Inclusive place to work

Shell is working to become one of the most diverse, equitable, and inclusive organizations in the world. We are taking steps to create an environment where everyone – from our employees, to our customers, partners, and suppliers – feels valued, respected, and has a strong sense of belonging.

To achieve this, we must ensure all people are treated fairly, irrespective of their race, color, religion, age, gender, sexual orientation, gender identity, marital status, disability, ethnic origin, nationality, or other status.

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 are nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

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.

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