Market Risk Manager - Energies

The purpose of this position is to be the Market RiskManagerfor Shell Energiesand to lead a team of process managers/experts & STMs who work with the Market Risk Organizationand the variousbusiness partners to ensure the Shell Energies Risk is reported and evaluated as per T&S design, engage business to ensure trading is conducted within the prescribed mandates and provide deep insights into the Trading business to seniors leaders and board members, including operations of key controls across business lines.

The Market Risk department pulls together a range of expert skills that ensure accurate and timely reporting, and allow us to offer professional advice on the wide range of issues that the department gets involved in.The Market Risk Manager-Energies will report to the Market Risk Manager-SET in FO and is to be part of Global Market Risk Managers Leadership team.

Market Risk organization is accountableforbringing insight and value to the trading organisation through objective analysis and challenge of the trading books. The team would operate or own key controls and augment these controls by providing management at all levels an objective view of performance, risk and potential reward.

The role works closely with stakeholders globally includingGlobal Market Risk functions,Global Risk organizations (Business Heads), Commodities Risk Management Solutions team, Credit Risk, Trading Commercial and Operations teams,Finance in the Business, IT, Technical & Derivative Accounting and TSA and R&A teams.

The Market Risk department is a specialized unit in Finance Operations that operates in the Chennai, Bangaloreand Manila centers. The team has front line responsibility for risk measurement; deal valuation, exposure reporting and price validation. We are interested in attracting people to our business who share our core working values of honesty, integrity and respect for others. We also want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork.

Accountabilities:

The Market Risk Manager-Energies will focus on the following deliverables:

• Risk valuation
• Independently verify exposure and valuation of executed transactions
• Ensuring all exposures are properly recorded using established fair value methodologies for Shell Energies
• Ensuring all trading activities remain within mandated exposure and risk limits
• Working closely with all location specific risk management teams to ensure trading risks and returns are fully understood, captured and challenged where necessary.
• Implementing and maintainingappropriate controls within Market Risk to ensure successful SOX and GRA attestation for activities.
• Develop effective KPIs for risk activities and communicate these back to the Shell energies trading business.
• Develop and support the design and implementation of ETRM including project ADA and Aspire.

Process Performance

• Assess, analyse, report, and explain portfolio risks emerging from all activities in Shell energy trading.
• Value the portfolio consistently and effectively to ensure that the risk reporting capabilities are robust and effective, including complex deals.
• Ensure price reporting activities are conducted accurately.
• Develop fit for purpose risk measurement models for complex physical deals unique to Shell.
• Provide independent advice on valuation and risk with risk reward insights to the business
• Independently challenge the business on the portfolio and provide portfolio risk estimates based on statistical measures (e.g. VaR), simulations (e.g. stress testing), and other analysis
• Advise commercial teams on risk mitigation strategies while ensuring risk management, maintenance and breach escalations are effectively implemented.
• Implementing an appropriate support model (e.g. SMEs, integration with IT support model etc.).
• Provide clear insight to integrity of information in the ETRM and P&L calculation while having an independent, forward looking view of risk and reward.

Process Improvement

• Ensure deals are represented accurately, measured and valued consistently across product business lines to ensure standardized process is followed.
• Develop and operate standard deal evaluations methodologies for linear and complex transactions.
• Develop and operate Risk analytics and metrics including stress testing, liquidity analysis, long dated risk analytics and options analytics
• Develop and improve tools to provide what if capabilities necessary to provide assurance to models used in Risk for valuing or risk assessing the trading portfolios.
• Further developing and fostering connections with relevant business partners in the T&S Market Risk and other stakeholders (including other processes) to ensure appropriate input and co-ordination with wider change and development plans
• Driving complex improvements, influencing business partners to address feeder process issues, eliminate manual workarounds, process step-outs, and leveraging technology.
• Supportingand influenceprojects involving system changes, upgrades and enhancements and ensuring adequate testing is conducted before go-live.