What is the role?
The individual is responsible for reviewing and providing assurance on the reasonableness of the overall book representation of the Shell LNG business, ensuring that the price risk management activities of the desk are captured timely within the trading systems and that the resultant pricing exposures carry the relevant fair values consistent with internal mark to market standards.
The individual is charged with understanding how the Shell LNG businesses generate returns, what resources are consumed in the process, what price risks are taken and associated trading strategies. The individual will need to be able to distill the key drivers of value generation and explain pricing exposures and P&L generated by the desks. This requires close engagement with Commercial stakeholders as they start up in new markets and develop their business strategies.
The individual will need to work with Commercial stakeholders in different markets to understand market fundamentals and be able to provide an independent assessment of appropriate marks for book representation, some of which may be illiquid markets.
The individual will need to develop and execute fit-for-purpose risk control framework and processes for the entities. Effective collaboration with Commercial and Finance stakeholders and offshore teams is required for delivery of the controls.
Strong technical skills (trading system knowledge and market risk functional competencies) are key as the individual will need to participate in trading system implementation projects to shape and execute market risk requirements (e.g. develop and implement forward price curves in trading system). Close collaboration with IT and other teams is required for such projects.
The individual will also need to coach and guide junior team members (some of whom will not be in the same office location). Strong interpersonal skills will be important to provide effective coaching towards the overall risk team objectives in support of business outcomes.
What we need from you?
We are keen to hear from candidates with the following experience and qualifications:
Degree in a quantitative discipline, preferably in Accounting, Business/Commerce or a related field
Strong understanding of trading, operations, risk and mid/back office business processes, policies, procedures and controls.
Relevant commodity risk experience, especially in LNG industry, is preferred
Advanced grasp of trading deal structures, interpreting positions, P&L, mark to market and financial analysis
Self-motivated individual who functions well in an unstructured environment
Ability to perform under tight deadlines in a very fast-paced trading environment
Ability to multitask with a high level of attention to detail and accuracy
Strong interpersonal and communication skills and an ability to build and maintain positive stakeholder relationships
Strong trading systems knowledge. Trading systems implementation experience will be an advantage.
A team player with the capability in working with virtual teams
An innovative place to work
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.
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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.
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