Market Risk Operations Manager

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.

Market Risk Operations Manager

What is the role?

The role will work with Trading & Supply Commercial representatives to identify fit for purpose second line of defense processes to ensure complete portfolio integrity and determining where and how best to operate these controls.

In addition, this role will have responsibility for running certain other Market Risk processes and controls as deemed appropriate and necessary. 

The role will lead a team of direct reports, and the role will report to the Global Manager of Market Risk Operations.

This role will ensure consistent policies, controls, metrics, and systems are in place to ensure compliance with the global Risk Management framework. The role works closely with risk leads for all parts of the risk management spectrum including a significant Business Operations component, the Business Integration organizations, and others with risk management and control responsibilities.

As a Market Risk Operations Manager, you will be responsible of the following duties:

  • The Market Risk Operations group ensures Market Risk processes and controls are run accurately, reliably, and right first time.

  • The Market Risk Operations group is also responsible for maintaining observable valuation inputs e.g., exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.

  • Understand physical spot price assessments and the construction of forward curves.

  • Carry out the review and execution of SOX controls and manage communications with auditors after they are completed.

  • Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders.

  • Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team.

  • Promote a culture of continuous improvement across all levels of the organization by having courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.

  • Ensure process excellence, identifying bottlenecks in Risk processes. Ensuring that error-checking is a natural part of all processes, so output is ‘Right First Time’.

  • Drive a vision for the team to aspire to and define a clear path to get there, with milestone achievement steps along the way.

  • Map and document processes, clarify accountabilities, and simplify interfaces to allow the smooth running of the Risk organization.

  • Accelerate digitalization and automation to smooth the flow of information across the business and to remove manual tasks.

  • Actively manage resources & processes to optimize the efficient analysis of risk across the portfolio, manage change and prioritize accordingly.

  • Be an end-to-end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks

  • Responsibility for managing and directing team members both as direct reports and some which aren’t direct reports.


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 10 (ten) years working 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

  • Degree in Business, Economics, Mathematics, Science, Engineering, or IT; or relevant workplace experience in the energy trading industry is required

  • Thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques

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.