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Regulation Advisor


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Regulation Advisor

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Reference ID R86361 Updated 15/08/2022 Employment Type Full time Experience level Experienced Professionals
Country United States Work Location (City) Houston

The Role

Company description 

As a global energy company operating in a challenging world, we set high standards of performance and ethical behaviors. We are judged by how we act and how we live up to our core values of honesty, integrity, and respect for people. Our Business Principles are based on these. They promote trust, openness, teamwork, and professionalism, as well as pride in what we do and how we conduct business.

Building on our core values, we aspire to sustain a diverse and inclusive culture where everyone feels respected and valued, from our employees to our customers and partners. A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions.

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.

Shell Trading & Supply (T&S) is one of the largest energy trading organizations in the world with key hubs in Houston, London, Singapore, Dubai and Rotterdam. T&S supports the Shell Group through trading power, environmental products, biofuels, LNG, chemical feedstocks, crude oil, refined products and freight in trading hubs all over the world. T&S is active in most energy markets across the globe, sourcing from a wide range of suppliers and selling to a wide range of customers, both internally and externally to Shell.

T&S entities operate in a highly complex regulatory and legal environment and are subject to regulatory oversight by multiple government authorities such as the US Commodity Futures Trading Commission (CFTC), as well as other governmental entities across the world. There continues to be substantial change in applicable regulations, and it is imperative that T&S complies with all laws, rules, and regulations that it is subject to.

Join us and you’ll add your talent and imagination to the compliance function supporting 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.

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.

Regulation Advisor, T&S Compliance

The Regulation Advisor is a member of the Compliance Regulatory Reporting Team (“RRT”) reporting to the Manager Compliance Regulatory Reporting. The responsibility of the Regulation Advisor is to support the Manager Compliance Regulatory Reporting with analyzing relevant regulation and regulatory changes, confirming interpretations with the T&S Compliance Regulation team, and supporting with translating the impact to RRT processes. The Regulation Advisor is also responsible for coordinating the response to periodic, non-transaction-based reporting requirements and enquiries from regulators as it relates to RRT activity, liaising with stakeholders across Shell Trading & Supply (“T&S”) as required.

The RRT is responsible for the execution of Dodd-Frank and National Futures Association (“NFA”) reporting requirements, ensuring that T&S and its regulated businesses satisfy their regulatory reporting obligations.

The Regulation Advisor will be expected to:

  • Interpret relevant regulatory requirements for RRT, including monitoring developments and changes in market laws and regulations to identify potential regulatory impact, risks, and opportunities, consulting and liaising with T&S functions and SMEs as necessary, and confirming regulatory interpretations with the T&S Compliance Regulation team.

  • Translate current and changing regulatory requirements relevant for the RRT in order for the RRT Continuous Improvement (“CI”) Lead and Process and Controls Specialist to develop process and technology requirements for enhancing RRT operations, ensuring that these are aligned with the T&S Compliance Regulation team and that T&S continues to satisfy its regulatory reporting obligations.

  • Provide ongoing advice and support to the Manager Compliance Regulatory Reporting with regulatory interpretations and RRT members with regulation related queries and issues.

  • Support the T&S Compliance Head of Regulation and Shell Trading Risk Management (“STRM”) Chief Compliance Officer with maintaining relationships with relevant regulators, as it relates to RRT activity.

  • Act as the focal point and liaison between RRT and the T&S Compliance Regulation team as it relates to RRT activities, confirming alignment on regulatory interpretations.

  • Monitor external Compliance incidents and events that are relevant for RRT activity and provide updates to the Manager Compliance Regulatory Reporting, Head of Regulation, Compliance Leadership Team (“CLT”), and other T&S senior management as required.

  • Monitor industry best-practice with respect to Dodd-Frank regulatory reporting, consulting with the Manager Compliance Regulatory Reporting on implementation of reporting process enhancements as required.

  • Partner as a Regulation SME with relevant business unit representatives such as BIAM teams and other compliance and functions SMEs such as the T&S Compliance Regulation team (on new and changing regulatory requirements), Policy team, Compliance Controls team and MI team (on internal compliance reporting), and Legal, Finance, and Audit to support the RRT reporting activities.

  • Support, and lead where required, the preparation of non-transaction-based RRT reporting required by relevant regulators. 

  • Build relationships with stakeholders at different levels in the organization whilst maintaining independence and tenacity of approach.

  • Support the continuous improvement activities of the RRT.

  • Potentially support on a broader range of regulatory advisory work as the regulatory focus can be subject to change over time.


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

  • Bachelor's degree from an accredited university (or equivalent work experience) is preferred

  • At least 5-7 years of experience in regulatory reporting / compliance / business risk and controls roles in energy trading organizations, financial services, and regulators.

  • Knowledge of regulatory reporting requirements and a demonstrable, extensive experience of regulatory reporting processes.

  • Knowledge of Dodd-Frank, Canadian Derivatives Reform, and National Futures Association reporting regulations, Energy Derivatives Markets, and Trade Deal Lifecycle.

  • Understanding and experience of commodity markets.

  • Knowledge of exchange rules relevant to North America and Canada.

  • A sound knowledge of the T&S Businesses (including Crude, Products, Energy, Shipping, Operations and Supply) is desirable.

  • Robust written and verbal communication skills with the ability to influence at all levels of an organization, both internally and externally, and engage with a wide range of stakeholders. 

  • Demonstrated ability to collaborate and partner with business stakeholders, other compliance team members and other functions. 

Compliance is a foundation of the way in which T&S does business and therefore integrity is one of the fundamental values that we are seeking as part of the Compliance leadership team.  We believe integrity is the hallmark of a person who demonstrates sound moral and ethical principles during their work.  Integrity is the foundation on which coworkers build relationships, trust, and effective interpersonal relationships.  It is essential that the successful candidate will be able to give clear examples of integrity as one of their core values. 

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 Royal Dutch/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.

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