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Senior Market Risk Analyst - Oil
The Role
Where you fit in?
The purpose of this role is to manage risk identification: model & portfolio assumptions and market inputs, pricing issues, and drive understanding of the design and utilization of Value at Risk, Stress Testing, and Scenario Analysis for the Oil Trading business in Singapore. This role will also identify, develop, and implement system efficiencies and reporting capabilities for the risk books, partnering with other team members to align best practices across the Global Oil Trading business in Shell.
This role will report into the Risk Manager East Oil and support other Crude & Products businesses outside Singapore, where applicable.
What’s the role?
The Senior Oil Market Risk Analyst is responsible for ensuring that day to day risk management activities surrounding the Trading & Supply (T&S) Oil (with main focus on Refined Products) organization is executed in a controlled and professional manner including:
- Ensuring all trading activities remain within mandated exposure and risk limits.
- Ensuring all exposures are properly recorded using established fair value methodologies.
- Ensuring a daily commentary is produced analyzing daily/monthly P&L performance.
- Ensure independent assessments of risk/return for the business is inline with the risk appetite of the business
The role is expected to have Market Risk oversight over the T&S Crude/Products businesses, specifically in ensuring there is appropriate control and understanding on the identification, valuation and exposure reporting for the various Trading desks, and where required, provide event-specific additional monitoring (e.g. IMO 2020), or act as a Focal point for a major Market Risk initiative (e.g. Quant Portal focal point). You'll be working closely with the larger Risk Organization to ensure trading risks and returns are fully understood, captured and challenged where necessary. This will also include longer term risks, inherent in contracts such as, but not limited to, storage, pipelines, time-charters.
This role will also work closely with risk leads from all parts of the risk management spectrum including a significant Shell Business Operations component. The incumbent is tasked with ensuring that the T&S Crude/Products business is widely understood and that any changes to it or the supporting risk management framework are communicated properly to all stakeholders.
What we need from you?
We are keen to hear from candidates with the following qualifications/experience:
- Master’s/Bachelor’s degree in Business/ Economics/ Mathematics/ Accounting/ Engineering or IT
- Understanding of trading, operations, risk and mid/back-office business processes, policies, procedures and controls an advantage
- Awareness of trading influences, deal structures and types, interpreting positions, P&L, mark to market, trading reporting regulations, financial and management reporting, position reporting, and financial analysis
- Continuous improvement mindset, utilizing tools to streamline and automate tasks
- Experience in energy trading risk management systems will be an advantage.
- Capable of maintaining independence and objectivity in their analysis of the trading business
- This is a role for a person who brings diversity of thought, who is not afraid to speak up and who is comfortable challenging senior stakeholders and carry out an advisory role
- Strong business analysis and problem-solving skills, modelling capabilities, research and technologically oriented, innovative & creative
- Self-starter, highly motivated, result oriented, manages own work with limited supervision
- Team player with good interpersonal skills, flexible to work across numerous time zones with both Market Risk teams across various locations and the Shell Business Operations Centre in India.
About Shell Singapore
Shell is one the largest foreign investors in Singapore and began operations in 1891. Today, we have more than 3,200 employees in Singapore alone. The Pulau Bukom Manufacturing Site today is the largest Shell refinery in the world in terms of crude distillation capacity, which makes Singapore a key regional supply and trading centre for Shell in the East. Singapore is the largest petrochemical production and export centre in the Asia Pacific region. Shell Jurong Island (SJI) manufactures petrochemicals to meet the fast-growing demand for these products in the region. We also have one of the largest single-branded retail networks in Singapore, providing customers with a wide range of quality products and services. When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.
An innovative place to work
There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future – whether by investing in renewables, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.
An inclusive 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 are 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.
- We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
A rewarding place to work
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.