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Power Quantitative Manager

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Power Quantitative Manager

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Reference ID R36773 Updated 12/01/2022 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 integrates a worldwide trading network with an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power, and chemicals. It has larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Barbados. Shell Trading is one of the world’s largest energy traders and is a key segment of the Royal Dutch/Shell portfolio.

Shell Energy Europe (SE-EE) sells and actively trades energy related products and services associated with European natural gas, power, and environmental products. SE-EE was created in 2009 through the combination of Shell’s marketing and trading companies in Europe.  SE-EE is part of Shell Energy which is the commercial heart of the Integrated Gas Business and aligns all Energy Trading activity throughout the world. 

Shell Energy Europe & Environmental Products (SE-EE) is part of Shell Trading & Supply organisation with a focus on European gas and power markets, and global emissions market. The European power business is a highly dynamic and challenging environment, which requires SE-EE to continuously find new CVPs for its suppliers and customers to be able to grow its portfolio. This role will be part of European Power commercial business team located in London. This role would work closely with the Power Trading, Structuring, and BD Team, to handle physical and financial structured products.

What's the role

Reporting to the Power Portfolio Manager this new position will be responsible for improving analytics and modelling to enhance commercial activities within the SE-EE Power portfolio. This role will focus on modelling pre-trade capabilities, providing innovative solutions which can then be focused toward structural solutions. Grow the power business in the mentioned markets and make them a significant contributor to Shell Energy Europe P&L

The role will form part of the Power trading and business development network, acting as a focal point for commercial modelling between these teams. The incumbent will understand the end to end process flow of a trade lifecycle, and, through deep knowledge of the power markets/business be part of a team to cater to structured, retail, and imbalance products across the Power spectrum.

The primary accountabilities of the Power Quantitative Manager are:

  • Build pricing, modelling, and aid in automating execution across the Power space (Trading, Business Development and Origination), but with a lens across the entire LoaD
  • Build a standardised platform for forecasting across assets / intraday / curve trading to optimise Power positions accordingly
  • Look to provide digital solutions to all business development & trading areas, including developing an automated trading strategy on initially short term, but increasingly longer dated positions / markets
  • Support in-flight projects to standardise processes and platforms across EMEA trading & BD
  • Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential
  • Streamline and enhance the product array and functionality of the Power desk, including management of asset optimisation and all facets included; forecasting, intraday trading, balancing, etc
  • Work as a focal point for new and innovative solutions for the desk, as well as how to translate these into industrialised and repeatable processes for IT to standardise and further automate
  • Understand the deal funnel in order to appropriately prioritise new opportunities into the portfolio across the team
  • Monitor ‘deal stabilisation’ after deals move into the delivery phase ensuring operational excellence and excellent customer experience
  • Key “pre-trade” focal point on the desk for relevant quantitative information and queries
  • Monitor model performance and use data / KPIs to understand efficiency & profitability of deals to help advise on commercial decisions
  • Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making in Shell Energy
  • Partner with IT, Business Excellence / Commercial Delivery to select and implement (full lifecycle; scope, design, build test & deploy) new IT solutions and enhancements to existing IT solutions in readiness for new value propositions or enter new markets.
  • Bring rigour/governance to the delivery structure and where feasible drive towards full automation

What we need from you

  • Be precise, and execute flawlessly to maximise value captured
  • Significant experience in commercial /quantitative roles, specifically in the Power market, with a strong track record of performance
  • Prior work with widespread and diverse Power asset portfolio, including optimisation, automated operation, function, and trading across all European markets
  • An external focus, with expert knowledge of the market, and ability to quickly understand commercial opportunity, and its value drivers
  • A broad and agile, but precise thinker, capable of building trust and credibility
  • This role requires an ability and willingness to quickly understand and act upon commercial opportunities, often under significant time pressure
  • Proactive approach and mind set to propose and drive improvement and changes.
  • Sound understanding of credit, market and financial risk, and LoaD.
  • Experience and appreciation of purposeful collaboration
  • Prioritisation skills, distinguishing between urgent, important and essential
  • A “can do” attitude is a must
  • Stakeholder management: the role will engage with a large pool of stakeholders, with whom effective communications and relations are essential. These include:
    • Power: GM / RTL / Traders
    • Origination, Business Development
    • Structuring
  • Postgraduate or professional qualification preferred but esstential in numerical subject (MSc, CQF, CFA, ACA, CQF or similar)

COMPANY DESCRIPTION

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.

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