Shell Energy is at the heart of delivering Shell’s ambition to become a world-class investment case that powers progress by providing a diverse array of cleaner energy solutions. A key driver in fulfilling that ambition is the Environmental Products Trading Business – an exciting, fast-moving, and growing area. The role we are hiring for is a Market Risk Analyst who will be a focal point in supporting this business. We are interested in attracting a candidate who shares our core working values of honesty, integrity, and respect for others, with the ability to achieve great results through teamwork and who can generate creative solutions to problems.
As a Market Risk Analyst, you will provide daily performance and risk analysis for the traders and senior stakeholders, ensuring key risks are transparent. In addition, you will collaborate closely with front office and other finance functions in the support of commercial activities, such as new market entries and deal valuation/recognition. The successful candidate will be expected to provide risk management expertise in complex areas and should be able to manage their own work with limited supervision.
The candidate will be expected to take the lead/assist on Market Risk matters (e.g. new deals, fair economic value assessments) for the Environmental Products business, whilst providing support and guidance to other members of the Market Risk team.Â
What’s the role?
In this position, you will have several key responsibilities which will include:
- Develop in-depth knowledge of the evolving Global Environmental Products markets landscape, with focus on Europe, the Americas, and the global voluntary markets, which will be leveraged to manage risk identification of model and portfolio assumptions and market inputs, pricing issues etc
- Ensuring all trading activities remain within mandated exposure and risk limits and lead the execution of key controls for the business area.
- Be ready and able to explain drivers of and changes in P&L, exposures, and risk metrics such as VaR and stress tests, when and if required.
- A Market Risk focal point for front-office and senior stakeholder queries for the Environmental Products Trading Business.
- Develop tools for on-going portfolio reviews and produce “deep dive” analysis for senior management.
- Provide review and comments on new and group business proposals as they relate to the business. Assess the risks associated with structured deals and the valuation models used for physical/financial trading and hedging, at times building out models to calibrate performance of such deals. Where applicable, provide peer review and challenge to deal proposals for other Trading and Supply (T&S) businesses.
- Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including: VaR back-testing, stress testing, scenario analysis.
- Collaborate with other functions and Risk Analysts globally to ensure consistency of approach, the continuous improvement of controls and processes and in support of new business.
- Lead/assist market risk support in short or long-term business or Market Risk projects as required.
- Support Internal/External Audit requirements.
What we need from you
We’re keen to see as many of the following attributes on your CV:
- Degree in Mathematics, Economics, Engineering, Business/Commerce, or a related field
- Market Risk experience, preferably in energy markets
- Understanding of energy & derivative markets and market Risk Management fundamentals (P&L, exposure, VaR, stress testing)
- Competent in understanding trading valuations, including building and validating new models as needed (e.g. Python)
- Ability to multi-task with a high level of attention to detail and accuracy
- Ability to perform under rigid deadlines.
- Strong business analysis skills, modelling capabilities, research, and problem-solving skills, technologically oriented, proficient in working with computers and software applications, including Microsoft Office and Excel, and must understand data warehousing fundamentals.
- A self-motivated team player, who can work remotely as part of a wider global team.
- A problem solver who can work independently to tackle technical Market Risk issues.
- Capable of applied creativity and problem-solving
- A strong communicator
- A broad and agile thinker, with outstanding interpersonal skills that builds trust and credibility.
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 do not 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.
More About Shell in Singapore
When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.
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