-Market Risk- Manager and Senior Specialist
It is recognised that the size & complexity of Shell Trading & Supply (T&S) has increased substantially over the past few years & the expectations around risk management from a regulatory perspective have also shifted for Energy trading As a result, & also recognising the potential to unlock additional value from enhanced risk management of our trading activities, a strategic decision has been made to make major investments over the next 3-4 years to strengthen the risk management capabilities of the organisation from a people, process, data & systems perspective in both the first & second lines of defence. The role would support the Energies-Market Risk Manager in the organisation to lead the efforts for the second line of defence over the various ETRM change implementation projects &associated, development, testing & deployment.
Division in India:The Market Risk department is a specialized unit in Finance Operations that operates in the Chennai, Bengaluru& Manila centres. The team has front line responsibility for risk measurement, deal valuation, exposure reporting, quantitative risk modelling, strategy validation processes& price validation. The department pulls together a range of expert skills that ensure accurate&timely reporting, & allow us 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 & respect for others. We also want those who can build on our business vision, are prepared to accept accountability & can achieve impressive results through teamwork.
Principal Accountabilities:
Drive & deliver key ETRM implementation & risk transformation projects across Energy vertical.
Lead a team of System& Transformation experts to develop analytical capabilities, ETRM implementation programs, Report transformation amongst the multiple projects in Risk in the energies space.
Understand&develop tools or implement technology-based solutions to improve the risk capabilities that would support Risk Reporting.
Working closely with Process Data & System Architects/Experts, Risk Advisory & Operations Teams to ensure trading risks & returns are fully understood, captured & tools to challenge are available.
Lead a small team of experts who would be responsible to develop, deliver ETRM/risk transformation projects &Process/Data/System initiatives in the energies vertical.
Operate a primary project manager for Development & Automation activities in Market Risk through the various transformational projects.
Key role would be building a vision to transform Market Risk operation’s BAU processes through ETRM implementation, into IT enabled, governed & controlled applications.
Understand current processes including time intensive manual steps & any process “pain points” which represent improvement opportunities to work with Process/Data/Systems/Projects.
Identify &prioritize automation opportunities & influence stakeholders to deploy.
Prepare detailed technical solution design documents.
Prepare, participate& lead the UAT & consequent deployment of the various ETRM/System transformational projects & ensure readiness for a fit for future risk function.
Lead across cross functional teams & manage with a “One Team” approach.
Work closely with Transformation Change & Engage Lead to ensure robust communication &socialization for process changes & awareness of results.
Help support development of the Market Risk plans together with the multi-year roadmap for investment in systems & technology.
Interfaces:
Multiple stakeholders including:
Risk Transformation Team, Market Risk Operations, Project Teams, Shell IT, Process Data & System Architects/Experts& Project Delivery Team.
SMEs in various Market Risk teams including Operations, Advisory, Process Data & System Architects/Experts, Valuation, Reporting & Analytics, Quantitative Risk, Model Validation, & Onshore Operations.
Risk Change & Engage Lead
Risk Transformation Governance& Projectleads.
Technical/Experience Requirements for the role:
An undergraduate degree in Statistics, Mathematics, Science, Finance or Economics, Engineering is preferred with a minimum of 6-8 years’ experience post-graduation of which 3-4 years in trading/risk management of energy.
A master’s degree in finance or analogous domain is required. Candidate with CFA, FRM, ERP certifications would be preferred.
Work experience in various financial positions, with experience of applying Trading risk and financial management, process and controls principles in practice.
Strong understanding of options/non-linear instruments and their payoffs, risk-return, risks not captured in modelling.
Experience with Process Analysis, Design, & Implementation, Business & Technical requirements, Problem-Solving, & System(s) Testing, including UAT & Bug fixes
Strong understanding of Business Process Management techniques & notation
Basic understanding of Lean Six Sigma process methodologies
Expert is data visualization& story telling. Relevant experience working with Python & R
Other Requirements for the role:
Good understanding of Market Risk in general & Commodity Market Risk/Trading in particular including Risk Metrics, ETRM’s & best practices in Commodity Risk management.
Can work independently to resolve discrepancies, defects, incidents, or problems understanding the business & systems.
Persuasive communication skills, confidence to speak up & challenge plus ability to form effective relationships with stakeholders across Commercial, Risk, IT, the broader Finance organisation, & other support functions
Proven ability to manage & deliver through others, collaborating with people from diverse cultural backgrounds & in a virtual, global environment.
Strong Problem-Solving & Analytical Skills
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