Market Risk Operations Analyst

Texas, United States of America

Job Family Group:

Finance

Worker Type:

Regular

Posting Start Date:

Business unit:

Finance

Experience Level:

Experienced Professionals

Job Description:

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.

As Market Risk Operations Analyst, you will be responsible for the following duties:

• 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’

• 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

What we need from you

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer

• Three (3) years working experience within a trading, financial or risk management organization

• Bachelor’s Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry

• 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

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage optio