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Senior Valuation Analyst
The Role
Company description
As a global energy company operating in a challenging world, we set high standards of performance and ethical behaviors. We are judged by how we act and how we live up to our core values of honesty, integrity, and respect for people. Our Business Principles are based on these. They promote trust, openness, teamwork, and professionalism, as well as pride in what we do and how we conduct business.
Building on our core values, we aspire to sustain a diverse and inclusive culture where everyone feels respected and valued, from our employees to our customers and partners. A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions.
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 add your talent and imagination to a business with the power 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.
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
Senior Valuation Analyst
The Senior Valuation Analyst reports to the Head of Valuation, the Valuation team is responsible for ensuring complex or long dated deals are represented to full tenor in the trade book, accurately measured and valued, with any reserves clearly defined.
The successful candidate must be results-oriented, self-motivated and have the ability to thrive in small teams and very fast-paced environments. This role requires frequent interaction with Risk Managers, Traders, Finance, Technical and Derivative Accounting, Model Validation and Quantitative Risk. The candidate must have the ability to work independently, excellent communication and organizational skills, and a deep understanding of fair value principles and valuation of commodities and derivatives.
What is the role
As a Senior Valuation Analyst, you will be responsible for the following duties:
Develop standard deal entry methodologies for complex and long dated contracts, ensuring that difficult to value elements such as physical optionality are considered. Ensure that these deals are valued in accordance with financial and management accounting requirements.
Ensure that all exposures generated from complex or long-term deals are fully understood and that these exposures and resultant P&L are properly evaluated, validated and analyzed prior to any income being reported.
In collaboration with Market Risk teams, developing and maintaining asset-backed risk owned models e.g., storage or pipelines used in the trading books ensuring they fairly represent the inherent risk in the portfolio.
Documenting and deploying consistent standards for value recognition across commodity lines.
In collaboration with Market Risk, develop and apply fair economic value principles across the businesses, 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 that all complex and long-term transactions are properly captured in the trading system.
Develop methodologies for extending forward curves beyond the liquid transparent tenor for the valuation of long-term deals.
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.
Assess the risks associated with structured deals and the valuation models used for physical/financial trading and hedging, at times building out models to calibrate performance of such deals.
Provide detailed analysis and documentation of methods, techniques, and findings. Well documented processes enable team members to build new achievements upon earlier work.
Engage in innovative research tasks for the team and risk management such as designing methodologies to quantify risks which lie outside of our current established risk metrics.
Investigate and manage large data sets, ensuring consistency and quality. Build tools to enable the data to be easily accessed by analysts across Risk. SQL and Python are the preferred languages for accessing and manipulating datasets within Shell.
Implement industry best practices in commodity trading risk management and fair value accounting.
Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
Carry out the review and execution of SOX controls within their organization and manage communications with auditors after they are completed.
Requirements
What we need from you –
You must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Minimum of 5 (five) years 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.
Bachelor’s Degree in Business, Economics, Mathematics, Science, Engineering, or IT is required, or relevant workplace experience in the energy trading industry. Advanced degree or certificate preferred.
Thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques. Understanding of options theory and its application to commodities and asset valuation.
Intermediate to Advanced Excel skills, such as pivot tables, lookups, VBA macros.
Knowledge of scripting languages which enable data gathering and transformation such as Python, and database languages such as SQL would be useful.
Experience with Endur, DEX or comparable energy trading risk management system and ability to fully leverage its functionality.
Intermediate to Advanced Excel skills, such as pivot tables, lookups, VBA macros.
Ability to work under pressure, formulate and articulate solutions and defend assumptions
Ability to solve real world business problems using quantitative and computational techniques
Reliable, dependable, and disciplined. Excellent attention to detail, methodical, organized.
Resilient when working under pressure, with the ability to priories tasks to meet key deadlines.
Good judgement to provide advice, question discrepancies, escalate issues.
Scientific mindset: identify, investigate, analyze, research, discuss, record, and resolve issues.
Learner mindset; innovative and creative, excellent problem-solving capabilities.
A critical and strategic thinker, with a long-term view on risk but with a short term and pragmatic view on implementation.
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 participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.