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Quant Analyst

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Reference ID R151292 Updated 07/10/2024
Trading jobs
United Kingdom
London
N/A

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 & Africa (SE-EA) sells and actively trades energy related products and services associated with European natural gas, power, and environmental products. SE-EA was created in 2009 through the combination of Shell’s marketing and trading companies in Europe.  SE-EA 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 & Africa (SE-EA) is part of Shell Trading & Supply organisation with a focus on European gas and power markets, and global emissions market. The European gas and power business is a highly dynamic and challenging environment, which requires SE-EA to continuously find new CVPs for its suppliers and customers to be able to grow its portfolio. This role will be part of European Gas and Power commercial business team located in London. This role would work closely with the Gas and Power Trading, Structuring, and BD Team, to handle physical and financial structured products.

What’s the role?

Reporting to the Trading Quant Lead this new position will be responsible for improving analytics and modelling to enhance commercial activities within the SE-EA Gas and Power trading portfolio. This role will focus on modelling pre-and post-trade capabilities, providing innovative solutions which can then be focused on structural solutions. Grow the gas and power business in the mentioned markets and make them a significant contributor to Shell Energy Europe & Africa (SE-EA) P&L.

The primary accountabilities of the Quant Analyst are:

  • Build pricing, modelling, and aid in automating execution across the Gas and Power space (Trading, Business Development and Origination), but with a lens across the entire Life of a Deal
  • Direct key “pre- and post-trade” quant support for the desks for all sort of quant solutions, trading and hedging decision support, analytics, and pricing activities as well as tooling, creating UI/dashboards as business-as-usual (BAU) activities.
  • Build all sort of bespoke quant models and methodologies for the Trading space as well as building blocks of models.
  • Expertise and track record in forward curve modelling in power and gas as well as substantial understanding of fundamentals/drivers influencing the curve modelling.
  • Standardize (and if necessary, refactor) them in the Quant Library and make them ready for deployment in available execution engines across SE-EA space as well as Ada++ complex valuation deal engines.
  • Internal model documentation of mature quant models and making them ready for model validation.
  • Build tactical solutions as well as support for the establishment of strategic (target state) solutions for EoD hPFCs as well as intraday curve and PnL positions to optimize real-time power and gas positions and pricing accordingly.
  • Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
  • Understand the gas and power deal funnel to appropriately prioritise new opportunities in the gas and power Trading space.
  • 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

The role will form part of the Gas and 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 gas and power markets/business be part of a team to cater to structured, retail, and imbalance products across the Gas and Power spectrum.

The successful candidate would be required to:

  • Be precise and execute flawlessly to maximise value captured.
  • Significant experience in commercial /quantitative roles, specifically in the Gas and Power market, with a strong track record of performance.
  • Prior work with widespread and diverse Gas and 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 Life of a Deal.
  • 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:
    • Gas and Power: GM / RTL / Traders
    • Origination, Business Development
    • Structuring

If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they don’t feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.

Company Description

Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy 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.

Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future – whether by investing in oil, gas and renewable energy to meet demand, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

An inclusive place to work

To power progress, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are 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.