Specialist - Market Risk
Job Description Summary
Responsible for monitoring and managing Trading & Supply's Risk and exposures daily. Executes controlled processes to complete a virtual close of the Trading & Supply books every day, including: maintaining the operational integrity Market Risk processes and controls, identifying fit for purpose processes, maintaining observable valuation input and calculation and monitoring of risk metrics.
Experience and Qualifications:
A Graduate / MBA with more than 3 years’ experience in Market risk / Trading
The ideal candidate will be highly numerate, logical, can prioritize and multi-task, and is comfortable working in teams
A good understanding of Commodity Markets (crude oil/ oil products/ LNG/ natural gas/ power experience is welcome) business and/or familiarity with spot price assessments, forward curve methodologies, swap markets, and basics of options would be valuable
Risk Management knowledge (demonstrate knowledge of different types of VaR, stress testing, sensitivity analysis, basis risk, volume risk, currency risk)
Strong computing skills (Excel, programming, VBA) and analytical abilities
Strong analytical skills (details & accuracy-oriented mindset)
Strong communications and interpersonal skills
Additional Job Description
The Specialist- Market Risk position supports the DS Market Risk TM and Channel Optimization and Market Risk teams onshore in monitoring and assessing global price exposures across the Hydrocarbon Supply Chain. The role provides support in ensuring accuracy and consistency of global measurement and reporting. This role also assists with the continuing development and rollout of global and regional hydrocarbon price exposure work including the continuous implementation of various business-led projects.
Market Risk is a specialized unit in Hydrocarbons – Finance Operations that operates in Chennai and Manila centers. The team has front-line responsibility for risk measurement, deal valuation, exposure reporting and price validation. The unit pulls together a range of expert skills that ensure accurate and timely reporting, and allow us to offer professional advice on the wide range of issues that it gets involved in. We are interested in attracting people to our team who share our core working values of honesty, integrity and respect for others. We also want those who can build our business vision, are prepared to accept accountability and can achieve great results through teamwork.
Principal Tasks:
The list below is intended to provide a brief glimpse of the day-to-day activities and highlight the key areas of proficiency (strong business understanding, ability to navigate systems, managing stakeholder relationships and key technical skills) that would help the analyst succeed in the role.
The analyst is expected to:
Understand key P&L drivers and articulate strategy-based P&L commentary whilst demonstrating a commercial understanding of the business
Acquire an in-depth understanding of Mark-to-Market (MtM) curves & methodologies and assist the team in ensuring the curves are correctly loaded in the trading systems
In case of trading system curve errors, liaise with business users and technical support to identify, analyze and resolve issues (ad hoc)
Understand trading account structure, exposures and P&L generated by different transaction types in the book
Prepare monthly trade performance slide packs for Regional/Global Heads of the Commercial Business.
Provide ad-hoc analysis by running queries into the Trading Risk databases
Monitor exposure limits daily within the Trading Control Framework and Manual of Authorities (MOA)
Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX & Financial Reporting requirements, and Shell Trading mandate and policies
Liaise with business users and technical support to identify, analyze and resolve application issues
Work closely with the STM/OM to help them carry out daily risk reporting/execute projects. Most projects are likely to come in with short deadlines- the candidate is expected to lead the project while keeping a tab on the on-time delivery of scheduled tasks
Key Challenges:
Balancing the reporting requirements on multiple businesses covering varied commodity types in different geographies/markets
Coming to terms with the complex system landscape: the candidate is expected to be comfortable with established ETRMs as well as future upgrade projects that may require some time be devoted to work with other stakeholders in development/implementation of new software solutions
Maintaining quality relationships and engagements with key business stakeholders to ensure timely and accurate data
Understanding the numbers and convincingly explaining the 'story behind them' demonstrating and appreciation for trading strategies and risk payoffs
Exploring opportunities to continuously improve tools and process
Given how the business is growing, the candidate is asked to be flexible in terms of work scope. The role will become increasingly challenging and in-depth with every new activity rolled out
The T&S Products team typically works in afternoon shift. The individual will need to be able to work extended hours if job requires due to monthly/quarterly close, new requirements/ critical project delivery timelines or unforeseen events. The candidate should be comfortable in working in these shifts