l
Skip to main content
Search

Market Risk Operations Analyst

London
Close

Search again

Market Risk Operations Analyst

< Back to search results

Reference ID R33743 Updated 13/05/2022 Employment Type Full time Experience level Experienced Professionals
Country United Kingdom City/State London Work Location London

The Role

Where you fit in?
Shell Trading and Supply is the world’s largest energy trading business and operates in every major energy market around the world. It supports the Shell group businesses by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, freight, and environmental products. Shell Trading and Supply also manages one of the world's largest fleets of liquefied natural gas carriers and oil tankers and provides maritime expertise and logistics to Shell companies and external customers. Our aim is to create value for Shell’s shareholders, customers and counterparties across the globe by forging successful partnerships that generate mutually beneficial commercial opportunities.

The Market Risk Operations Team is responsible for ensuring that risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly.

What’s the role?
As Market Risk Operations Analyst, you will report to the Manager of Market Risk Operations. Your will need to be comfortable with working independently with limited supervision at times and be able to thrive as part of a global team with members in the US, UK, India and Singapore.

The goal is to ensure that all data needed for portfolio valuation is complete, timely and accurate, and that systems and controls are in place to ensure compliance with the global Risk Management framework.

In this role, you will work closely with the other risk teams across the Trading and Supply business including a significant Business Operations component, regular discussions with Market Risk, Valuation, Front Office, Finance and Back Office, and a focal point for forward curve and pricing related queries from across the Shell group.

Your further responsibilities include:

  • The Market Risk Operations group is responsible for maintaining observable valuation inputs e.g. exchange prices, broker quotes, derivable volatilities and correlations to risk calculations.
  • Understand physical spot price assessments and the construction of forward curves.
  • Working with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team.
  • Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.
  • Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders.
  • Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team.
  • Ensure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is ‘Right First Time’.
  • Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
  • Map and document processes, clarify accountabilities, and simplify interfaces to allow the smooth running of the Risk organisation.
  • Be an end to end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks.
  • Implement Shell best practices in commodity trading risk management.
  • Ensure that Risk fulfils its role as an independent “check and balance” function and is viewed as such by other parts of the organization.
  • Promote a culture of continuous improvement by having the courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.


What we need from you?

  • Degree in Business, Economics, Mathematics, Science, Engineering or IT; or relevant workplace experience in the energy trading industry.
  • Experience within a trading, financial or risk management organization.
  • Understanding of financial, commodity and energy markets, derivative instruments, and hedging.
  • Intermediate to Advanced Excel skills; such as pivot tables, lookups, VBA macros. SQL and Python an advantage, other coding languages can also be useful.
  • Experience with Endur, DEX or comparable energy trading risk management system.
  • Reliable, dependable and disciplined. Excellent attention to detail, methodical, organized. A trusted partner of the business.
  • Resilient when working under pressure, with the ability to prioritise tasks to meet key deadlines.
  • Good judgement to provide advice, question discrepancies, escalate issues.
  • Continuous improvement mindset; utilizing tools to streamline and automate work to boost efficiency.
  • Scientific mindset; identify, investigate, analyse, research, discuss, record, and resolve issues.
  • Learner mindset; innovative and creative, excellent problem-solving capabilities.


Shell started operations in the United Kingdom more than 110 years ago. Since then we have grown into a leading innovative oil and gas company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation, and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.

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.

Join us and you’ll add your talent and imagination to 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.

An inclusive place to work
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’re nurturing an inclusive environment – one where you can express your ideas, extend your skills and reach your potential…

  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply and we’ll take it from there.
  • 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.

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 is an Equal Opportunity Employer.

Working in London

Take a look at the map to see what's nearby.

Explore location

Sign up for job alerts

Do you want to find out about future opportunities at Shell? Simply sign up by providing your email address and search criteria in the boxes below and we will deliver job alerts straight to your inbox.

Interested InSelect a job category from the list of options. Select a location from the list of options. Finally, click “Add” to create your job alert.