Manager Compliance Regulatory Reporting

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.

Shell Trading & Supply (T&S) is one of the largest energy trading organizations in the world with key hubs in Houston, London, Singapore, Dubai and Rotterdam. T&S supports the Shell Group through trading power, environmental products, biofuels, LNG, chemical feedstocks, crude oil, refined products and freight in trading hubs all over the world. T&S is active in most energy markets across the globe, sourcing from a wide range of suppliers and selling to a wide range of customers, both internally and externally to Shell.

T&S entities operate in a highly complex regulatory and legal environment and are subject to regulatory oversight by multiple government authorities such as the US Commodity Futures Trading Commission (CFTC), as well as other governmental entities across the world. There continues to be substantial change in applicable regulations and it is imperative that T&S complies with all laws, rules, and regulations that it is subject to.

Join us and you’ll add your talent and imagination to the compliance function supporting 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.

Manager Compliance Regulatory Reporting

What is the role

The Manager Compliance Regulatory Reporting is a member of the Compliance Framework, Controls & Oversight (CFCO) leadership team, reporting to the Head of CFCO. The responsibility of the Manager Compliance Regulatory Reporting is to support the Head of CFCO with establishing and operationalizing the Compliance Regulatory Reporting Team (“RRT”) within the Shell Trading & Supply (“T&S”) business unit in time to comply with new regulatory reporting obligations. Following the RRT set-up phase, the Manager Compliance Regulatory Reporting is responsible for leading and managing the business-as-usual (“BAU”) operations of the RRT.

The RRT is responsible for the execution of Dodd-Frank and National Futures Association (“NFA”) reporting requirements, ensuring that T&S and its regulated businesses satisfy their regulatory reporting obligations. 

The Manager Compliance Regulatory Reporting is responsible for:

  • Supporting the Head of CFCO to recruit and onboard RRT members, design and implement RRT processes and controls, and operationalize the RRT to ensure that T&S is set-up and remains compliant with the reporting requirements under the:

    • Dodd-Frank Wall Street Reform and Consumer Protection Act;

    • Canadian Derivatives Reform Act (jointly referred to as ‘Dodd-Frank’ requirements or obligations); and

    • National Futures Association Regulatory Requirements.

  • Lead the set-up of the RRT into the new operating model including recruitment and embedding the ways of working.

  • Lead the creating and implementing of processes and controls to embed the new operating mode

  • Lead and manage the RRT, overseeing the ongoing execution of BAU activities.

  • Lead the overall strategy for the RRT, including delivery and implementation of IT and data strategies for the new organization and a comprehensive training and development programme.

The Manager Compliance Regulatory Reporting is expected to

  • Collaborate and work closely together with:

    • Relevant business unit Heads (VPs/SVPs), the Head of the Registered Swap Dealer , and the T&S Chief Compliance Officer; and

    • Other compliance experts such as the Regulation team (on new and changing regulatory requirements), Policy team, and Management Information (MI) team (on internal compliance reporting).

  • Lead the development, ongoing upkeep, and continuous improvement of the RRT process and control documentation, updating as required following trigger events such as regulatory change, considering industry best practice.

  • Lead the execution of T&S’s ongoing reporting obligations in a fully compliant and consistent manner, including identifying, remediating, and escalating to T&S senior management any reporting errors within required timeframes.

  • Oversee and manage submission of reports, operating as the first point of escalation and support for RRT members, determining when appropriate to seek further advice from T&S senior management or other experts on approvals, decisions, or appropriate next steps.

  • Lead regulator reporting of errors as required, in liaison with the Regulation team and other experts across T&S.

  • Lead the aggregation of strategic activities overtime to keep central team lean and use contingent workforce to manage workload.

  • Build and maintain strong relationships with a global base of senior stakeholders across T&S businesses and functions, including liaising with external stakeholders such as swap data repositories and relevant regulatory bodies, as required to support T&S’s reporting obligations, enabling effective partnering to develop fit-for-purpose solutions for T&S.

  • Be the subject matter expert and key focal point on RRT matters within Compliance and act as delegate for the Head of CFCO on these matters.

  • Lead the definition of system business requirements and the implementation of new solutions and tools for the RRT.

  • Lead the definition and maintenance of a comprehensive training and development programme for the RRT.

  • Recruit, onboard, and manage any flexible contractor / consultant resources, including associated budgets and contracts.

  • Provide the Head of CFCO with regular updates on overall regulatory reporting team status, including any risks and issues requiring escalation.

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.

  • Bachelor's degree from an accredited university (or equivalent work experience) is desirable.

  • At least 15 years of experience in regulatory reporting / compliance / business risk and controls roles in consulting, financial services, energy, banking, trading organizations, and regulators. At least 5 years of regulatory reporting experience.

  • Deep technical knowledge of regulatory reporting requirements and a demonstrable, extensive experience of regulatory reporting processes.

  • Robust understanding of Dodd-Frank reporting regulations, compliance requirements, and expectations.

  • Proven strong leadership skills and management experience with a demonstrated ability to motivate, develop and drive performance, and encourage positive team dynamics.

  • Demonstrated strong people management skills, including managing conflict and challenging conversations.

  • Proven ability to effectively deliver through others under tight, regulatory driven timelines.

  • A sound knowledge of one or more segments of the T&S businesses (including Crude, Products, Energy, LNG, Shipping, Operations, and Supply) is preferred and a strong understanding of trading instruments, trading strategies, and risk concepts.

  • Demonstrated excellent interpersonal and relationship building skills, including the ability to manage a global, diverse, and senior stakeholder group across T&S businesses and functions.

  • Strong communication skills and virtual management of interfaces.

  • Credible and persuasive in ensuring the needs of the business are fully understood.

  • Demonstrated ability to navigate complex and dynamic environments.

Compliance is a foundation of the way in which T&S does business and therefore integrity is one of the fundamental values that we are seeking as part of the Compliance leadership team.  We believe integrity is the hallmark of a person who demonstrates sound moral and ethical principles during their work.  Integrity is the foundation on which coworkers build relationships, trust, and effective interpersonal relationships.  It is essential that the successful candidate will be able to give clear examples of integrity as one of their core values. 

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.