Senior Market Risk Analyst – Gas

About this role

Responsibilities

• Shell Energy is at the heart of delivering Shell’s ambition to become a world-class investment case that powers progress by
• providing
• a diverse array of cleaner energy solutions. Shell Energy is an exciting, fast-moving business – and a key driver in being able to fulfil that ambition.
• The Market Risk professional will be based in London, working closely with the trading
• organisation
• . The Gas Market Risk Team
• is responsible for
• understanding the European gas markets, and trading strategies employed by
• S
• hell Energy – Europe & Africa (S
• E-EA
• )
• gas as well as be able to model the various complexities and optionality within the gas portfolio. 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
• 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.  The Gas Market Risk Team will
• provide
• an independent view as to whether the organization is receiving
• appropriate compensation
• for the risk they are taking.
• The role works closely with risk leads for all parts of the risk management spectrum, as well as Front Office, Finance, Valuation, Compliance, and Back Office.
• What
• you’ll
• be doing
• You will
• be responsible for
• the following:
• Develop a close partnership with the gas trading business to support new deals and appraise trading activities to ensure adherence to mandated exposure and risk limits.
• Independently assess and report on market risks arising from trading activities, structured deals, and new business proposals.
• Execute and enhance risk metrics and controls tailored to the gas portfolio.
• Provide input on valuation models, including non-linear products such as options, swing contracts, and storage.
• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.
• Accelerate 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.
• Ensure
• timely
• and
• accurate
• execution of SOX and key non-SOX controls for the business area and collaborate with other functions to ensure continuous improvement of controls/processes.
• Continue to develop fair economic value (FEV) principles, whilst ensuring consistency with the global T&S Risk Management policies
• What
• you bring
• We are keen to hear from candidates with the following competencies:
• Capable of being independent from front office; able to objectively
• analyse
• and report risks and exposures. Regularly engage in discussion with traders and management about exposure taken and resultant P&L
• Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit
• mandates.
• Excellent communication skills: the role will require writing reports and policies and presenting analysis and insights to senior stakeholders.
• Experience with complex physical options valuation, including Gas Storage, transport, swing, diversion options.
• We would also like to see the following:
• Preferred degree in Business, Economics, Mathematics, Science,
• Engineering
• or IT
• ; other
• degrees will be considered with relevant workplace experience in the energy trading industry.  Advanced degrees a plus
• Thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques
• In depth knowledge of the gas, biogas and LNG trading, European pipeline/storage infrastructure, gas fields, and an understanding of the fundamental economics and pricing mechanisms of regional gas and LNG markets
• An understanding of the interdependencies with other asset classes, such as power,
• carbon
• and oil – and a good grasp of wider economic/geopolitical risk factors
• Substantial experience within a trading and risk management organization, including a strong understanding of trading, operations, risk, compliance and mid/back office
• business processes, policies,
• procedures
• and controls.
• Learner mindset; innovative and creative, excellent problem-solving capabilities
• Technologically oriented; ability to use
• new technologies
• to enhance existing controls, processes, and offer detailed trading insights.
• After you submit your application, you will receive an email
• from Shell
• providing a link to an online assessment
• (HireVue)
• that is a mandatory part of the process
• and has a validity period
• – please check your spam/junk mailbox if you do not see the email. Once completed, your application will be reviewed to determine next steps. Thank you for your interest in Shell.