Market Risk Analyst

What’s the role

As a Market Risk Analyst, you will be responsible of the following duties:

• Act as Market Risk Advisory focal point for front-office stakeholders
• Develop strong relationships with Shell Energy Americas commercial counterparts and acquire knowledge of trading strategies, associated exposures and future growth aspirations for the trade desk supported
• Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes
• Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary
• Analyze independent stress-test evaluations/scenario analysis of the portfolio that align with current risk-appetite and asses if limits are “right-sized” for growth
• Evaluate new business opportunities by assisting with independent deal assessment including strategic/portfolio fit, limits impact evaluation, analysis of portfolio performance in various scenarios, identification of risks associated with the new deal, and back-testing strategies in collaboration with other Market Risk groups and the Deal Valuation team
• Regularly and independently assist with the evaluation of known key deal inputs and identify/document shortcomings with internal evaluations
• Analyze performance or hedge effectiveness/back-tests of trading strategies, identify multiple factors driving position and profit and loss changes and provide insight to stakeholders and consumers of risk data for context
• Provide daily, insightful, commentary of key portfolio activity including market intelligence, exposure changes and new deal activity
• Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries
• Support internal/external audit requirements

What you bring

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
• Degree in Economics, Mathematics, Science, Engineering, Business/Commerce; or relevant field is required
• At least 3+ (three plus) years working experience in Market Risk in at least one of the following commodity areas: power trading, gas trading, or renewables and environmental products trading.
• Knowledge of North American supply/demand dynamics, deal structures, demand forecasting, stress testing, scenario analysis, VaR and exposure reporting.
• Experience modelling long-term energy transactions, tolling agreements, renewable power purchase agreements (solar, wind, batteries, biomass), capacity agreements, contractual flexibilities and non-linear products is desirable
• Experience in US power markets (ISO-NE/NYISO/PJM/MISO/ERCOT/SPP) and associated natural gas markets is preferred
• Proficiency with Python, JavaScript, R, C or other programming languages is desirable
• Intermediate to Advanced experience with the Microsoft suite of products: Excel, PowerPoint, Word, & Power BI
• Experience with Endur or comparable energy trading risk management system
• Experience with Spotfire or comparable analytics platform is desirable
• Resilient when working under pressure with the ability to prioritize tasks, meet deadlines, exercise good judgement when providing advice, question discrepancies, and escalate issues when necessary
• Strong interpersonal and communication skills (both written and verbal), including an ability to concisely explain complex concepts to non-specialist stakeholders in terms of intent and application
• Learner mindset: innovative and creative, excellent critical thinking and problem-solving capabilities

What we offer

The base salary range for this position is $94,000 - $140,000 per year.  Individual pay will be based on various factors, such as relevant work experience, education, certifications, skill level, seniority, and internal equity.   

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 for birthing parents, and 8 weeks of paid leave for non-birthing parents.

Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance. 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.

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.

We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.

Shell in The United States

Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products.  Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy. 

We operate in all 50 states, from our Deep Water platforms in the Gulf of Mexico to the Pennsylvania Chemicals complex and our miles of pipelines throughout the US.

We reach our customers through our 13,000 branded retail stations, and we are number 1 in gasoline sales. We also own the #1 brand of motor oil in the U.S. – Pennzoil® – made from natural gas.

We are excited to play a key role in the move to net carbon emissions while providing the oil and gas needed by society for many decades to come.