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Manager - Market Risk Advisory Brazil
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.
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.
Manager - Market Risk Advisory
What is the role?
The role of the Market Risk Advisory function is to identify, measure and report on the level of risk, to advise the commercial teams on mitigation strategies consistent with defined risk appetite and to provide assessment and insight to senior management.
This role will report to the Head of Market Risk Advisory, Shell Energy Americas and will be in Sao Paulo office serving as the focal point for Market Risk to the Gas and Power portfolio managers and other local enabling functions. The primary regional focus will be Brazil power and natural gas markets.
As a manager – Market Risk Advisory, your team will have the responsibility to:
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
Develop and mentor analysts to enable their growth and performance.
Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary
Work closely with functional stakeholders to ensure trading risks and returns are fully understood, captured, and challenged where necessary including longer term embedded contractual risks.
Manage risk identification of model & portfolio assumptions and market inputs, pricing issues, and drive understanding of the design and utilization of VaR, stress testing, and scenario analysis.
Partnering with the other Market Risk team managers to align best practices across the Shell Energy Americas platform.
Understand, propose, and manage the local adoption of policy and methodology for the evaluation of any new or adapted market risk exposures.
Understand and manage the development of mechanisms to value risk inherent from optionality contained in the portfolio and how this can be created and managed within Trading.
Ensure that trading activities are properly represented within the relevant quarterly Market Risk committees and provide input into Risk Management committees as needed.
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
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 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
Requirements
What we need from you
Must have legal authorization to work in the Brazil on a full-time basis for anyone other than current employer
Candidate must have minimum of 10+ years energy and more specifically power experience in the Brazilian market.
Advanced grasp of Brazilian supply/demand dynamics, deal structures, demand forecasting, stress testing, scenario analysis, VaR and exposure reporting.
Bachelor’s degree in Business, Economics, Mathematics, Engineering or IT, Master’s preferable.
Understanding of experience modelling long-term energy transactions including contractual flexibilities and non-linear products
Advanced knowledge of deal structures and types, interpreting positions, P&L, mark to market concepts
Capable of being independent from front office; able to objectively analyze, develop a view and challenge risks and exposures
Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates
Strong business analysis skills, modeling capabilities, research, and problem-solving skills, technologically oriented, proficient in working with computers and software applications, including Microsoft Office and Excel.
Experience with Endur or comparable energy trading risk management system and ability to fully leverage its functionality is a plus.
Self-starter, highly motivated, results oriented, with strong communication and influencing skills.
Learner mindset: innovative and creative, excellent critical thinking and problem-solving capabilities
Fluency in English is required
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.