Compliance Lead

The Role

What is the role

The role of the Global Trading Compliance organization is to provide compliance advice, support and related services to the Shell Trading Businesses and Functions in a proactive, timely, cost-effective and professional manner with a view to furthering business objectives and protecting shareholder interests. The Global Trading Compliance organization seeks to ensure that compliance risks are identified and appropriate alternative approaches and strategies are considered in the conduct of business, at all times consistent with the Shell General Business Principles, the Code of Conduct and the rest of the Shell Control Framework. This role will support the Chief Compliance Officer (CCO) for Shell Trading Risk Management (STRM), an entity of Shell Trading North America (STNA).  STRM is a registered swap dealer with the National Futures Association (NFA) and has extensive legal, regulatory and compliance requirements.  As a registered swap dealer, STRM has ongoing, active oversight by the Commodities and Futures Trading Commission (CFTC).

  • Provide fit for purpose advice related to compliance expectations
  • with external regulations / internal requirements, or conformance with Group Standards, Manuals and Shell Trading Policies.
  • Prepare and deliver compliance training classes for STRM personnel or STRM support staff.
  • Attend senior management and leadership team meetings, including the STRM Board of Directors meetings, on behalf of the CCO.
  • Frequent direct interactions with Regulators (CFTC, NFA) on legal and compliance matters.
  • Provide advice and guidance related to the management and mitigation of regulatory and compliance risks such as market abuse, anti-trust, bribery & corruption, and money laundering.
  • Monitor proactively compliance with various Dodd-Frank requirements related to but not limited Customer Mark-to-Market Reporting, Large Trader Reporting, Swap Data Reporting, and Daily Valuation Reporting.
  • Liaise with functional groups from; Commercial, I.T., Confirmations, Contracts, Credit, Legal, Regulatory Affairs, Regulatory Reporting, and Risk Control; and other functions as needed.  The STRM support staff consists of > 80 individuals across 12 different groups and functions.
  • Work with the STRM Leadership team, develop and agree to the compliance training plan / program (specific to the Group, and STRM) annually, and monitor completion.  Oversee delivery of certain compliance-specific training.
  • Assist the CCO in preparing the Chief Compliance Officer Annual Report
  • Assist the CCO with drafting periodic and annual risk reports and any other regulatory filings.
  • Participate in the implementation of any operational changes necessary to meet external regulatory requirements that impact STRM. These efforts would include, but not be limited to, the requirements under the Commodity Exchange Act, U.S. Dodd-Frank Act and Canadian Derivatives Reform. Regulatory requirements to be implemented and monitored for compliance under these regimes include data recordkeeping and reporting to a swap data repository, business conduct standards and development of a risk management program.
  • Maintain the issue tracking tool of noncompliance or compliance risks that occur within the STRM organization; meet with various STRM functional stakeholders to determine causes of issues or risks; identify or determine controls or operational changes to prevent the recurrence of such instances or risks; and present this log on a weekly basis to the STRM CCO.
  • Assist the CCO to provide summaries of non-compliance instances or risks impacting the compliance of STRM operations with regulatory requirements to the STRM Board of Directors.
  • Coordinate the implementation of procedures designed to achieve regulatory compliance by identifying instances for procedural revision as necessary; work with necessary STRM Compliance, Legal, Regulatory, IT and other functional contacts to improve procedures.   
  • Liaise with the North America Monitoring & Surveillance lead and the global Monitoring & Surveillance lead to ensure STRM compliance risks are addressed.
  • Execute other compliance-related tasks from time to time as necessary.
  • Support the Business Records Manager in ensuring that Compliance Records are appropriately managed in the Work Plan for STRM Compliance
  • Build and support a culture of compliance in Shell Trading through daily engagement with STRM operational functions and stakeholders, meeting to review compliance risks when necessary.
  • Independently assess and report on effectiveness of the STRM compliance program.
  • Work with the Business Governance Risk and Assurance (GRA) organization to ensure consistency and efficiency of the compliance effort, ensuring a strong link to the control framework across Shell Trading.
  • Educate and advise STRM Trading personnel and support staff on compliance risks and mitigations.
  • Monitor the external compliance landscape for significant issues that impact compliance program effectiveness (globally, by region, at country level).
  • Participate in crafting key Compliance messages for Town Hall meetings for CCO and Commercial leaders to deliver during sessions.

What we need from you

  • Must have legal authorization to work in the US on a fulltime basis for anyone other than current employer
  • Bachelor’s degree required (Business or equivalent preferred); Master’s degree preferred.
  • Minimum of ten (10) years of experience in an internal/external Compliance, Risk Control, Audit or SOX testing/controls or risk environment is required. This will include documenting business Compliance processes, identifying risks, designing and implementing mitigating controls, and developing remediation plans when there are Compliance related control failures
  • Experience implementing change, project management, cross-functional and cross-business teams
  • Strong commitment to compliance with strong relationship and influencing skills and the ability to address issues with senior leaders with diverse backgrounds
  • Ability to deliver on the accountabilities and responsibilities and drive action through influence in the midst of ambiguity and uncertainty; sound judgment in sensitive areas and on difficult issues
  • Able to motivate others and operate under pressure
  • Written, verbal and presentation communication skills
  • Evidence of strong relationship and influencing skills with senior leaders and people at all levels and in a range of cultures
  • Capacity to recognize and handle ever-changing mosaic of problems, adjusting priorities and allocating resources over tight deadlines
  • Excellent grasp of compliance as well as business issues, industry developments and legal, social and political trends that may have an impact on Trading
  • The ability to find creative solutions to compliance issues, but within acceptable legal and risk frameworks
  • An ability to understand and take account of business drivers and needs
  • The ability to clearly explain compliance risks, develop sound mitigation strategies and find acceptable commercial solutions
  • The ability to contribute at leadership team level and ensure that compliance issues are taken into consideration and complied with
  • Fluent in English, both spoken and written
  • Knowledge of Energy Trading or related industry experience along with familiarity of Dodd-Frank Title VII rules

Company description

Shell is a global group of energy and petrochemical companies with about 84,000 employees across more than 70 countries. We aim to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible.  We have expertise in exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals.

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.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
  • We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
  • We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
  • We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

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.

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