What’s the role

Shell Energy is at the heart of delivering Shell’s ambition to become a world-class investment case that powers progress by providing a diverse array of cleaner energy solutions. Shell Energy is an exciting, fast-moving business – and a key driver in being able to fulfil that ambition.

The Market Risk professional will be based in London, working closely with the trading organisation. The Gas Market Risk Team is responsible for understanding the European gas markets, and trading strategies employed by Shell Energy – Europe & Africa (SE-EA) gas as well as be able to model the various complexities and optionality within the gas portfolio. The purpose of the role is to independently identify, measure, and report on the level of risk from new business proposals, material contracts, and trading market conditions to advise the commercial teams on mitigation strategies and risk appetite. The role will provide risk assessments and insights to senior management while collaborating with and providing market specific information and advice to others in the global Finance and Risk Management organization. The Gas Market Risk Team will provide an independent view as to whether the organization is receiving appropriate compensation for the risk they are taking.

The role works closely with risk leads for all parts of the risk management spectrum, as well as Front Office, Finance, Valuation, Compliance, and Back Office.

What you’ll be doing

You will be responsible for the following:

• Develop a close partnership with the gas trading business to support new deals and appraise trading activities to ensure adherence to mandated exposure and risk limits.
• Independently assess and report on market risks arising from trading activities, structured deals, and new business proposals.
• Execute and enhance risk metrics and controls tailored to the gas portfolio.
• Provide input on valuation models, including non-linear products such as options, swing contracts, and storage.
• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.
• Accelerate digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite.
• Ensure timely and accurate execution of SOX and key non-SOX controls for the business area and collaborate with other functions to ensure continuous improvement of controls/processes.
• Continue to develop fair economic value (FEV) principles, whilst ensuring consistency with the global T&S Risk Management policies

What you bring

We are keen to hear from candidates with the following competencies:

• Capable of being independent from front office; able to objectively analyse and report risks and exposures. Regularly engage in discussion with traders and management about exposure taken and resultant P&L

• Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates.

• Excellent communication skills: the role will require writing reports and policies and presenting analysis and insights to senior stakeholders.

• Experience with complex physical options valuation, including Gas Storage, transport, swing, diversion options.

We would also like to see the following:

• Preferred degree in Business, Economics, Mathematics, Science, Engineering or IT; other degrees will be considered with relevant workplace experience in the energy trading industry. Advanced degrees a plus

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

• In depth knowledge of the gas, biogas and LNG trading, European pipeline/storage infrastructure, gas fields, and an understanding of the fundamental economics and pricing mechanisms of regional gas and LNG markets

• An understanding of the interdependencies with other asset classes, such as power, carbon and oil – and a good grasp of wider economic/geopolitical risk factors

• Substantial 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.

• Learner mindset; innovative and creative, excellent problem-solving capabilities

• Technologically oriented; ability to use new technologies to enhance existing controls, processes, and offer detailed trading insights.

After you submit your application, you will receive an email from Shell providing a link to an online assessment (HireVue) that is a mandatory part of the process and has a validity period – please check your spam/junk mailbox if you do not see the email. Once completed, your application will be reviewed to determine next steps. Thank you for your interest in Shell.

What we offer

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performancerelated salary increase – our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.

We are committed to attracting a broader and more diverse pool of candidates. If this position doesn’t feel like the perfect fit for your qualifications right now, we’d still love to hear from you. Consider creating a profile in our Talent Community so we can keep you in mind for future opportunities that may align with your skills.