Quantitative Analyst CERT
Shell leads the energy transition to more renewable energy generation and zero-carbon solutions in volatile power, gas and environmental products markets. Emission prices have been driven by the European decarbonization journey, supply/demand fundamentals, regulatory changes, and geopolitical events. The EU ETS is expected to continue to grow, as its scope extends to shipping and trade, while globally countries model new Emission Schemes after EU regulation. Climate policies are at the forefront of many discussions and the challenge will be to predict the market impact when commodity markets, trade and regulation come together. The team has a diverse background and promotes a learning environment. As carbon markets mature and market participants extend internationally, it is particularly important to continuously challenge existing assumptions.
Environmental Products Trading (EPT) operates in environmental product markets across the globe and has the following objectives:
Build Portfolios and Optimise: We leverage deep understanding of compliance and voluntary markets – and the connections between them – to capture opportunities across market mechanisms, geographies, methodologies, vintages, contract duration and type. We integrate perspectives from all demand sinks and supply sources in real time to take proprietary positions across the environmental value chain. This leads us to build portfolios that warehouse significant optionality, structure and risk, with the objective of optimizing returns. Risk Manage, Develop Structure, Take Positions: We warehouse risk – price, volume, credit, liquidity, reputation, technical, quality, operational, regulatory to name several – and pursue diversification & mitigation of these in our portfolio construction, structure development and option creation. This informs our proprietary position take, leading us to capture outright price movements from intraday through to multiple years. Manage External Relationships: We are experienced in building long lasting relationships with third parties, from ideation through to start up and into material production or offtake. We are proficient in connecting the financing, commercial terms, operations, systems and platforms that enable sustained delivery, continuously refining these in the pursuit of efficiencies and scale. Agility: We anticipate new products and opportunities, pivot quickly and build positions ahead of market evolution. As examples: adapting to new restrictions, reinventing business models, commercializing emergent technologies and interpreting regulatory changes in and across the markets we participate in.
What’s the role?
The Quantitative Analyst will focus on supporting the Regulated Environment Products portfolio for Shell Trading. Skills in applied mathematics, statistics, and programming will allow to evaluate price behaviour and build trading strategies. The individual will closely engage with Traders, supplementing the strong fundamental skillset on the desk. Further, the individual will support risk management tools, enhance long-term deal analytics, and develop new trade ideas.
Develop quantitative trading strategies and enhance existing trading signals
Maintain intraday risk management tools
Contribute ideas and analysis to improve risk management
Build long term deal analytics for structured products
Closely follow carbon markets and provide adhoc quantitative analysis on price moves
Run backtests on fundamental trading ideas
Maintain and control data infrastructure
Closely cooperate with Gas, Power and the Systematic Trading desk to understand trends and exchange market insight/ technologies
Closely cooperate with other Environmental Products Desks (Americas, Asia)
Support the team in developing Junior Talent
What we need from you
The role will require in-depth knowledge of data science, quantitative analytics, and stochastic modelling. Experience is required in model validation, data visualization and programming. A commercial mindset will ease the strong collaboration with Traders. Strong problem-solving skills are required to tackle frequent ad hoc analysis. A successful candidate will benefit from understanding how commodity markets ultimately come together under climate policies, difference in such between jurisdiction, and strategies and technologies for net-zero.
Bachelor's degree/ Master’s degree in Mathematics, Economics, Engineering, Computer Science or an equivalent combination of experience and education.
Strong communication skills (oral and written) and strong programming skills (python 3)
Strong mathematical and analytical skills
Strong technical abilities and interest in development of computer science, stochastic modelling, and artificial intelligence
Solid data analysis skillset including knowledge on data access tools (SQL, non-SQL, file systems and blob stores), cloud technologies (AWS, Azure or other) and data visualization (streamlit, powerbi, tableau)
Fair understanding of Financial Derivatives incl. fundamental knowledge on Option Risk, Pricing and Modelling
Knowledge on more mature financial markets (FX, Rates) of benefit
Experience in Software Development Packages and Source Control Technologies (Git, GitHub or Azure Devops) of benefit
Self-starter, Learner Mindset, Ability to work independently
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