Market Risk Insights Manager

The Market Risk Integration Manager is a member of the Market Risk team and reports to the Global Market Risk Manager. The Market Risk Team is responsible for understanding the trading markets and strategies employed by the trading business of Shell Trading and Supply.

The Shell trading business is one of the worlds largest independent energy companies, operating in more than 70 countries.

You will be responsible for the following:

• 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.
• 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.
• Ensure development of industry leading and standard risk measurements techniques across all lines of business.
• Support Global Market Risk Manager to develop new capabilities in ETRMs or Market Risk tools
• 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.
• 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.
• Identify risks, look at model and portfolio assumptions, market inputs, pricing issues, valuation parameters and instrument types.
• 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.
• Ability to solve real world business problems using quantitative and computational techniques.
• 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.
• Carry out the review and execution of SOX controls within their organization, and manage communications with auditors after they are completed.
• Develop new controls where necessary to support appropriate operations and assurances for Finance and Trading.
• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.
• 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.
• 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.
• Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• 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.
• 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.
• Produce content for and occasionally participate in the quarterly Risk Committee meetings with Senior Leadership. Powerpoint skills to produce presentations for Executive level presentations.
• 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.
• 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.

Competencies

• 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.
• Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates.
• Strong understanding of the integrated value of Shell Trading, Trading strategies, option modelling, System or ETRM implementation.
• Strong understanding of Risk management or monitoring tools or techniques would be advantageous.
• Excellent communication skills; the role will require writing reports and policies and presenting analysis and insights to senior stakeholder.
• Team player, with good collaboration and interpersonal skills. Ability to work with cross functional teams and influence without direct authority.
• 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 coach and mentor team members as well as members of other teams who require knowledge or skills that Risk can provide.

What we need from you

We are keen to hear from risk professionals with substantial experience within a trading and risk management organization, including a strong understanding of trading, operations, risk, compliance and mid/back office business processes, policies, procedures and controls.

We would also like to see the following:

• Degree in Business, Economics, Mathematics, Science, Engineering or IT; or relevant workplace experience in the energy trading industry.
• Experience of leadership in a team or project; leader and adviser in implementing new processes with short-dated hard deadlines.
• Thorough understanding of financial, commodity and energy markets, derivative instruments, and hedging techniques. Knowledge of options theory, risk of options, and trading strategies.
• Candidates shall possess extremely good judgment and shall be able to provide advice, while balancing risk and value on a daily basis.
• Reliable, dependable and disciplined. Excellent attention to detail, methodical, organized. 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, escalate issues.
• Learner mindset; innovative and creative, excellent problem-solving capabilities.
• Technology oriented; ability to utilize new technologies to enhance existing controls, processes, and offer detailed trading insights