Market Risk Insights Manager

Overview

Lead market risk integration, valuation and control functions for Shell Trading & Supply.

Key Responsibilities

• risk measurement
• var analysis
• portfolio modelling
• sox controls
• limit monitoring
• stress testing

Tasks

-Develop new controls where necessary to support appropriate operations and assurances for Finance and Trading. -Ensure development of industry leading and standard risk measurements techniques across all lines of business. -Ensure new processes being set up, new business integration with Trading or coming under the purview of Market Risk, new finance controls being designed, etc are consistency being adopted and used across all of T&S. -Define and advance analytical mindset and behaviours by providing support for training and learning opportunities to analysts to enhance their understanding of trade book strategies, complex deals, trading and risk mandates, and market fundamentals. -Understand and explain changes in VaR by breaking down the impact by its underlying drivers, and ensuring that the VaR accurately reflects the positions taken and volatility of the relevant market. -Promote a culture of continuous improvement across all levels of the organization by having courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces. -Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures. -Carry out the review and execution of SOX controls within their organization, and manage communications with auditors after they are completed. -Assist in limit setting and monitoring of the T&S business, but equally play a key role in limit setting globally across the Trading and Supply business. Ensure that all trading activities remain within mandated limits, and escalate appropriately if they are exceeded. -Support Global Market Risk Manager to develop new capabilities in ETRMs or Market Risk tools -Identify risks, look at model and portfolio assumptions, market inputs, pricing issues, valuation parameters and instrument types. -Ensure that Market Risk fulfils its role as an independent “check and balance” function and is viewed as such by other parts of the organization. -Produce ad-hoc analysis to explain P&L or exposure changes to Front Office, assist them with queries and requests for system setup changes. -Produce executive level summary of T&S performance, risk emergence, stress scenario etc for CFO, EVPs and CRO of Shell. -Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite. -Provide analysis, review and comments on New Business Proposals. Where applicable, provide peer review and challenge to the deal proposals for other businesses. Ensure that the systems and support functions are ready for when trading commences. -Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks. -Ensure data integrity and fidelity designs of PDS are future proof working with Heads of PDS, Credit, GCS and other projects across Shell Trading and Finance. -Develop and apply fair economic value principles across the all of T&S business, coordinating across the global risk managers to ensure consistent application. This includes providing modelling support and challenge with stakeholders on valuation inputs and parameters. -Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including VaR back-testing, stress testing, scenario analysis, liquidity analysis.

Requirements

• powerpoint
• degree
• risk management
• etrm
• quantitative
• stakeholder

What You Bring

-Team player, with good collaboration and interpersonal skills. Ability to work with cross functional teams and influence without direct authority. -Excellent communication skills; the role will require writing reports and policies and presenting analysis and insights to senior stakeholder. -Produce content for and occasionally participate in the quarterly Risk Committee meetings with Senior Leadership. Powerpoint skills to produce presentations for Executive level presentations. -Resilient when working under pressure, with the ability to prioritize tasks to meet key deadlines. -Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates. -Ability to coach and mentor team members as well as members of other teams who require knowledge or skills that Risk can provide. -Strong understanding of Risk management or monitoring tools or techniques would be advantageous. -Capable of being independent from front office; able to objectively analyse and report risks and exposures. Regularly engage in discussion with traders and management about exposure taken and resultant P&L. -Ability to articulate and communicate complex scenarios and ideas in a clear and concise manner whilst understanding the perspective and experience of others. -Experience of leadership in a team or project; leader and adviser in implementing new processes with short-dated hard deadlines. -Reliable, dependable and disciplined. Excellent attention to detail, methodical, organized. A trusted partner of the business. -Thorough understanding of financial, commodity and energy markets, derivative instruments, and hedging techniques. Knowledge of options theory, risk of options, and trading strategies. -Good judgement to provide advice, question discrepancies, escalate issues. -Learner mindset; innovative and creative, excellent problem-solving capabilities. -Degree in Business, Economics, Mathematics, Science, Engineering or IT; or relevant workplace experience in the energy trading industry. -Strong understanding of the integrated value of Shell Trading, Trading strategies, option modelling, System or ETRM implementation. -Ability to solve real world business problems using quantitative and computational techniques. -Technology oriented; ability to utilize new technologies to enhance existing controls, processes, and offer detailed trading insights

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About Shell

-Evolved from a merger of two companies, becoming a global energy leader. -Typically involves deep-water oil and gas projects, large-scale LNG, and EV infrastructure. -Organized into key business units, bridging traditional and emerging energy solutions. -Blends traditional fuels with renewable energy sources to diversify offerings. -Strategic pivots include doubling oil and gas production while scaling back some renewables. -Known for bold moves like sponsoring top sports teams and expanding into new markets.

Sector Specialisms