What's The Role
The Market Risk Specialist is responsible for preparing and analyzing daily profit and loss for crude oil trading desks, including the monitoring of positions against limits (i.e. volumetric risk measures, VAR etc.). The analyst will gain an understanding of the types of transactions and strategies used by the trading desk to understand the risks within the trade book and ensure that deals and their P&L/exposures are accurately represented in the trading system. The individual will be responsible for ensuring the mark-to-market, position and value-at-risk reports provided to management and traders are timely and accurate.This position provides key analytical and Trading support to the business. This position is a primary link between the trading business and the contracts and financial management groups and ensures compliance with relevant external regulation and the group's Trading Mandate and deal entry, price reporting, authorities and exposure limit policies.
What You Will Be Doing
- Report and explain P&L movements, mark-to-market, positions and value-at-risk (VaR), on daily basis for trading desks with reference to prices, correlations and position changes
- Ability to engage with the trader/onshore buddy to understand the rationale on deals evaluation, accruals, reasoning etc.
- Understand key price indices used by the desk and the construction of forward curves. Maintain and evaluate quantitative market data including price series (from brokers, 3rd parties and trader assessments), volatilities, correlations and volumes
- Understand trading account structure and exposures and P&L generated by the transaction types in the book. Provide monthly analysis of the gains & losses resulting from trading strategies employed by the desk
- Provide ad hoc analysis for queries relating to impact of new deals, P&L, positions and/or value-at-risk
- Provide Stress Testing & Scenario Analysis of a portfolio to the trading desk
- Monitor exposure limits daily within the Trading Control framework and Manual of Authorities
- Ensure traders enter deals accurately and in a timely manner and that commitments and exposures are entered in the trading system in line with the contract
- Develop suitable exposure measurement and reporting methodologies for new product and structured contract offerings
- Provide validation of P&L including cost accruals & provisions, ensure forward parcels are appropriately valued and provide input into quarterly financial close processes and annual disclosure requirements
- Promote and ensure accurate reporting, monitor daily pricing in the trading system
- Liaise with other Risk Analysts globally to ensure consistency of approach, particularly across similar trading books
- Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies
What You Bring
- Minimum of 3 years’ relevant work experience
- A graduate degree in Statistics, Mathematics, Science, Finance or Economics is preferred
- Experienced in programming & tools: Python, SQL and knowledge on BI Tool Qlikview
- The ideal candidate will be highly numerate, logical, have the ability to prioritize and multi-task, and be comfortable working in teams
- A good understanding of Oil Markets business would be valuable as would knowledge of trading management information systems
- Risk management knowledge or experience would be a strong plus
- The successful candidate should be motivated to 'dig into conflicting data' and resolve issues while considering the impact upon the overall business
- Strong analytical skills required, detail and accuracy oriented
- Efficient communication and interpersonal skills
- Finance and accounting skills including ability to understand financial results and financial and management reports
- Experience with risk analysis, value-at-risk, financial derivatives, or physical energy markets would be a plus
- Demonstrates ability to work with cross-functional work group
- Demonstrates ability to drill down into complex data and must be able to demonstrate creativity in problem solving
What We Offer
You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.
- Progress as a person as we work on the energy transition together.
- Continuously grow the transferable skills you need to get ahead.
- Work at the forefront of technology, trends, and practices.
- Collaborate with experienced colleagues with unique expertise.
- Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
- Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
- Grow as you progress through diverse career opportunities in national and
- international teams.
- Gain access to a wide range of training and development programmes.
An Inclusive & Progressive Place to Work
- To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.
- We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
- We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
- We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
Shell in India
Shell is a diversified energy company in India with 13,000 employees, and presence in Integrated Gas, Downstream, Power, Renewable and Upstream. Additionally, we have deep capabilities in R&D, digitalisation, and business operations.Our global strategy, Powering Progress, is designed to generate value for our shareholders, customers, and the wider society, and focuses on creating more value with less emissions. The strategy supports our purpose of providing more and cleaner energy solutions, with the aim of profitably transforming Shell into a net-zero emissions energy business by 2050. As India moves towards its target of net-zero emissions by 2070, Shell India aims to play a leading role in securing vital energy for today, while investing in, and helping to build, the energy system of the future through strategic investments in the country.Our Lubricants business serves over 50,000 consumers through a strong network of over 200 distributors, and operates an end-to-end value chain that spans conceptualization, development, and production at a world-class blending plant at Taloja. Through our 350-plus retail stations, we offer an integrated mobility experience including fuels, cafes, and convenience stores, with a prominent network of EV recharging facilities.Shell owns and operates a LNG re-gasification terminal at Hazira, Surat, with a capacity of 5 MTPA and a LNG truck-loading unit that plays a crucial role in helping meet India’s growing demand for gas across sectors. In 2022, Shell acquired Sprng Energy in a $1.55 billion deal to build an integrated energy transition business in the country. Sprng is a leading renewable energy company in India which develops and manages solar, wind, and hybrid power generation facilities and infrastructure.Our three capability centres across Bangalore and Chennai serve as a technology and innovation powerhouse for Shell globally, working as a delivery engine for core technical, digital, and finance processes: pioneering digital innovation and cutting-edge technologies across the energy sector. We also have strong academic partnerships and collaborations with leading universities and technology institutes to accelerate decarbonization efforts within the energy sector.We are committed to positively contributing to the communities in which we operate through programmes on STEM Education, Skilling, and Livelihood across India. We nurture and invest in startups developing initiatives focused on accelerating energy innovation through programs such as Shell E4 and Shell Eco-marathon. We also have strategic investments in new energy companies such as Husk Power, d.light, Orb Energy, and Cleantech Solar.
