Counterparty Onboarding Focal Point
Shell Trading and Supply (T&S) is one of the largest energy trading operations in the world. With over 7000 employees operating across the globe to support our world class integrated trading and supply value chain, we support the Shell group through trading environmental products, biofuels, power, LNG, chemical feedstocks, crude oil, refined products and freight in trading hubs all over the world with the main trading and marketing locations in Houston, London, Dubai, Rotterdam and Singapore.
Shell Energy Trading is an industry leader and the key face to the market providing more and cleaner energy across a global portfolio of LNG, gas, power and environmental products. We are positioned to play a significant role at the heart of Shell’s Energy Transition. Through the growth of our LNG, gas, power and environmental products businesses, we are supporting our customers’ desire for more and cleaner energy.
You will be part of Shell Energy Trading’s Business Integration and Assurance (BIA) organization, a team of professionals who are passionate about enhancing our ability to trade with counterparties whilst maintaining our compliance and ethical standards.
What is the Role?
As the Counterparty Onboarding Focal Point, you will play an integral role in supporting the Team by performing essential counterparty KYC due diligence and outreach activities.
More specifically, your role will include:
Completing Onboarding in line with policies and procedures;
Completing Change and Updates through internal systems to existing customers
Developing an understanding of the Trading & Supply compliance systems and controls including a working knowledge of the Financial Crime policy and procedures;
Review the risk profile and business activity of counterparties requested by our Business
Complete onboarding at a Basic Risk (BDD) level, including analysis of findings, identification of any red flags and mitigation;
Confirm the nature of the business relationship and obtain required company information/documentation;
Analyse substantial amounts of data including transactional data;
Verify evidence obtained and identify red flags and other areas of concern;
Coordinate with various internal stakeholders to validate data requests e.g. Tax, Financial Crime, Credit, FO data, Settlements.
Articulate due diligence requirements and the onboarding process to stakeholders at all levels of the organisation;
Escalate issues that require further investigation;
Prioritise workload with shifting demands and priorities in a fast-paced commercial environment;
Be an active and effective member of the Financial Crime team.
What We Need from You
You will have experience of Counterparty KYC Due Diligence and Outreach and a firm understanding of how activities may be combined to make the inquiry process as efficient as possible for all.
You will use your expertise to identify and eliminate process inefficiencies, as well as translate large quantities of data into meaningful information for internal customers.
Furthermore, you will have:
Bachelor's degree
At least 1 year of working experience in KYC/AML areas would be advantageous.
Experience in Tier 1 Financial Institutions (Wholesale, Commercial/Corporate, Investment Banking) and/or large Commodities or Trading Houses (Oil, Energy) would be highly valuable.
Relevant experience in counterparty onboarding process including ability to research information and undertake counterparty outreach to obtain required documentation for Counterparty KYC Due Diligence.
Understanding of high-risk jurisdictions and the associated risks.
Understanding of the risks of dealing with Politically Exposed Persons.
Understanding of corporate structures and complex entity structures including SPVs, Trusts, Funds including identification of Ultimate Beneficial Owners.
Deep understanding of the tax verification requirements for counterparty onboarding
Excellent written and verbal communication skills.
Stakeholder engagement skills to manage relationships across different businesses and functions.
Exhibit resilience at work. Be able to meet tight deadlines often under pressure.
Self-starter who can work independently demonstrating personal drive and taking own initiative.
Demonstrated ability to collaborate and work effectively in a team.
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.
Our business has been built on a foundation of innovative technology and skilled employees. By providing energy to sustain people’s lives for more than a hundred years, Shell has become one of the world’s leading companies.
Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future. At Shell, everyone does their part.
An Inclusive place to work
Shell is working to become one of the most diverse, equitable, and inclusive organizations in the world. We are taking steps to create an environment where everyone – from our employees, to our customers, partners, and suppliers – feels valued, respected, and has a strong sense of belonging.
To achieve this, we must ensure all people are treated fairly, irrespective of their race, color, religion, age, gender, sexual orientation, gender identity, marital status, disability, ethnic origin, nationality, or other status.
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 are nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.
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.