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The world is changing fast, and Shell is changing too – not only to keep up with the external pace, but also to anticipate and shape a different future. The Corporate Relations function delivers value by supporting our strategy and sectoral approach and improving policy and advocacy outcomes. We will bring the outside in and secure and drive Shell’s reputation and values. Drawing on a strong base of professional excellence, we aspire to be best-in-class at achieving integrated outcomes through effective engagement and communication with external and internal stakeholders.
Senior Market Risk Analyst
What is the role?
As a Senior Market Risk Analyst, you will be responsible of the following duties:
Act as Senior Market Risk Advisory focal point for front-office and senior stakeholders
Develop strong relationships with Shell Energy Americas commercial counterparts and possess deep end-to-end understanding of trading strategies, associated exposures and future growth aspirations for the trade desk supported
Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes
Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary
Design and analyze independent stress-test evaluations/scenario analysis of the portfolio that align with current risk-appetite and asses if limits are “right-sized” for growth
Evaluate new business opportunities by providing independent deal assessment including strategic/portfolio fit, limits impact evaluation, analysis of portfolio performance in various scenarios, identification of risks associated with the new deal, and back-testing strategies in collaboration with other Market Risk groups and the Deal Valuation team. Where applicable, provide peer review and challenge to deal proposals for other T&S businesses
Regularly and independently evaluate known key deal inputs and identify/document shortcomings with internal evaluations
Analyze performance or hedge effectiveness/back-tests of trading strategies, identify multiple factors driving position and profit and loss changes and provide insight to stakeholders and consumers of risk data for context
Provide daily, insightful, commentary of key portfolio activity including market intelligence, exposure changes and new deal activity
Develop and refine the fair economic valuation approach and provide steer on usage of market risk reserves
Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries
Support internal/external audit requirements
What we need from you
Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Minimum of 5 – 10 (five to ten) years working experience in Market Risk in at least one of the following commodity areas: power trading, gas trading, or renewables and environmental products trading.
Degree in Economics, Mathematics, Science, Engineering, Business/Commerce; or relevant field is required
Advanced grasp of North American supply/demand dynamics, deal structures, demand forecasting, stress testing, scenario analysis, VaR and exposure reporting.
Experience modelling long-term energy transactions, tolling agreements, renewable power purchase agreements (solar, wind, batteries, biomass), capacity agreements, contractual flexibilities and non-linear products
Experience in US power markets (ISO-NE/NYISO/PJM/MISO/ERCOT/SPP) and associated natural gas markets is preferred
Intermediate to Advanced experience with the Microsoft suite of products: Excel, PowerPoint, Word, & Power BI
Experience with Endur or comparable energy trading risk management system
Experience with Spotfire or comparable analytics platform is desirable
Resilient when working under pressure with the ability to prioritize tasks, meet deadlines, exercise good judgement when providing advice, question discrepancies, and escalate issues when necessary
Strong interpersonal and communication skills (both written and verbal), including an ability to concisely explain complex concepts to non-specialist stakeholders in terms of intent and application
Learner mindset: innovative and creative, excellent critical thinking and problem-solving capabilities