Market Risk Operation Analyst

What’s the role

Shell Trading and Supply is the world’s largest energy trading business and operates in every major energy market around the world. It supports the Shell group businesses by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, freight, and environmental products. Shell Trading and Supply also manages one of the world's largest fleets of liquefied natural gas carriers and oil tankers and provides maritime expertise and logistics to Shell companies and external customers. Our aim is to create value for Shell’s shareholders, customers, and counterparties across the globe by forging successful partnerships that generate mutually beneficial commercial opportunities.

The Market Risk Operations Team is responsible for ensuring that risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly. The Market Risk Operations Analyst reports to the Manager of Market Risk Operations. The candidate will need to be comfortable with working independently with limited supervision at times and be able to thrive as part of a global team with members in the US, UK, India, and Singapore.

The goal is to ensure that all data needed for portfolio valuation is complete, timely and accurate, and that systems and controls are in place to ensure compliance with the global Risk Management framework.

What you’ll be doing

This role will work closely with the other risk teams across the Trading and Supply business including a significant Business Operations component, regular discussions with Market Risk, Valuation, Front Office, Finance and Back Office, and a focal point for forward curve and pricing related queries from across the Shell group.

More specific responsibilities include:

• The Market Risk Operations group is responsible for maintaining observable valuation inputs e.g., exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.
• Understand physical spot price assessments and the construction of forward curves.
• Working with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team.
• Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.
• Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders.
• Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team. Ensure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is ‘Right First Time’.
• Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• Map and document processes, clarify accountabilities, and simplify interfaces to allow the smooth running of the Risk organization.
• Be an end-to-end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks.
• Implement Shell best practices in commodity trading risk management.
• Ensure that Risk fulfils its role as an independent “check and balance” function and is viewed as such by other parts of the organization.
• Promote a culture of continuous improvement by having the courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.

Competencies

• Excellent communication skills: the role will require writing reports and policies and presenting analysis and insights to senior stakeholders. Due to the global nature of the business the role requires communicating using different methods, in a variety of formats, to people in many countries.
• Ability to articulate and communicate complex scenarios and ideas in a clear and concise manner whilst understanding the perspective and experience of others. Ability to challenge sensitive issues constructively whilst maintaining working relationships.
• This is a role for a person who brings diversity of thought, who is not afraid to speak up and who is comfortable challenging senior stakeholders.
• Proactively identify and communicate potential issues with the appropriate teams or stakeholders. Making sure problems raised are followed up and worked on until completion.
• Able to collaborate and produce good quality output working with colleagues in different teams who report to different managers.
• Team player, good interpersonal skills. Flexible to work with colleagues across numerous time zones with both Market Risk at the Trading Hubs in the Americas, Europe and Asia; but equally the Business Operations centers in Chennai, Manilla, Bangalore.
• The role works closely with risk analysts in all parts of the risk management department including a significant Business Operations component. The incumbent is tasked with ensuring that the business that they cover is widely understood and that any changes to it or the supporting risk management framework are communicated properly to all stakeholders.

What you bring

• Bachelor’s Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry.
• Must have legal authorization to work in Singapore on a full-time basis for anyone other than current employer.
• Candidate must have minimum of three (3) years working experience within a trading, financial or risk management organization
• Candidate must have knowledge of financial, commodity and energy markets, derivative instruments, and hedging which could have been gained in a Market Risk, Product Control or Trade Control roles.
• Intermediate to Advanced Excel skills, such as pivot tables, lookups, VBA macros. SQL and Python an advantage, other coding languages can also be useful.
• Experience with Endur, DEX or comparable energy trading risk management system.
• Also, this is a role for a person who brings diversity of thought, who is not afraid to speak up and who is comfortable challenging stakeholders.

Be able to demonstrate the following skills:

• Reliable, dependable, and disciplined. Demonstrates excellent attention to detail, is methodical and organized.
• Acts as a trusted partner of the business.
• Resilient when working under pressure with the ability to prioritize tasks to meet key deadlines
• Good judgement to provide advice, question discrepancies and escalate issues when necessary.
• Continuous improvement mindset: Utilizes tools to streamline and automate work processes to boost efficiency.
• Scientific mindset: Identifies, investigates, analyzes, research, discuss, records, and resolves issues systematically.
• Learner mindset: Exhibits innovation and creativity, with excellent problem-solving capabilities.

What we offer

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.

We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.

We are committed to attracting a broader and more diverse pool of candidates. If this position doesn’t feel like the perfect fit for your qualifications right now, we’d still love to hear from you. Consider creating a profile in our Talent Community so we can keep you in mind for future opportunities that may align with your skills.

Shell in Singapore

Shell is an international energy company that uses advanced technologies and takes an innovative approach to help build a sustainable energy future. Here in Singapore, Shell has a long history and is one of the country’s largest foreign investors. It has businesses spanning trading and marketing of liquefied natural gas; refining, trading, marketing and shipping of oil products, lubricants and chemicals; low carbon solutions; and operating a network of service stations through retailers, as well as electric vehicles charging.