Risk Analyst

Shell•Houston, TX

14h•$103,000 - $155,000

About The Position

The Risk Analyst performs complex and specialized functions that support position management and mark-to-market processes. Responsibilities include planning, monitoring, reconciliation activities, adherence to position management policies and procedures, document tracking and processing, database management, and other related functions. Reporting to the B2B Portfolio Lead, the role requires a self-motivated, dedicated, and responsible individual with the ability to perform well under pressure.

Requirements

Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Bachelor’s degree in Scientific, Technical, Mathematics or Business Administration
At least 3 years of relevant industry experience
At least 3 years of experience in data mining, data extraction, and data analysis, with retail energy risk exposure in ERCOT, PJM, and ISO‑NE
Solid computer and programming skills in VBA, SQL Server, Python
Familiarity with dashboarding applications (Tableau, Power BI)
Comfort wielding statistics (significance testing, data distribution types, hypothesis testing, regression)
Proven experience in manipulating, processing and extracting value from large, disconnected datasets
Ability to be a proactive team player, able to work at speed within a small, ambitious team, manage multiple projects and priorities, and anticipate next steps without requiring direction
Analytical mindset demonstrates ability to solve problems and create practical solutions to overcome problems and mitigate risks.
Comfortable working in a target-driven and fast-changing environment, and able to respond to changing business needs
Proficient use of Microsoft Office programs including Word, Outlook and strong Excel skills
Excellent analytical, organization and time management skills, with the ability to maintain a strict level of attention to detail
Ability to work well within a team environment and demonstrate a vested interest in team goals and objectives
Excellent interpersonal, verbal and written communication skills, with the ability to establish and maintain positive and effective working relationships
Self-motivated with the desire to consistently improve performance and gain further knowledge
Ability to meet deadlines, learn quickly and demonstrate effective problem solving and follow-up skills

Responsibilities

Complete knowledge and understanding of contracted accounts to be enrolled in forecast prior to sending to forecasting vendor
Establish reporting for what accounts have been enrolled and which ones are pending
Responsible for ensuring all accounts are enrolled and accounted for in the forecast. This includes troubleshooting the process when it fails and tracking and validating those accounts are present in the forecast
Advanced analytical/quantitative skills to conduct forecast variance analysis
Spot irregular movements/patterns at the hourly and monthly level
Ensures all wholesale trades are accounted for. This includes the management of trades set to temporary until the load forecast process is complete
Confirmation, verification, and filing of all confirmations from Shell. This includes ensuring that Shell trade numbers are associated with SES’s trade number. Clear communication and documentation between SES and Shell when confirmation is found to have issues
Full review of position management at the hourly level if necessary. Ensure that changes in the position are fully explained and representative of changes in load because of new enrollments, drops or weather and supply
Timely communication with Trading and Risk peers
Establish monthly reconciliation between Risk’s Contract Spec and forecasting vendor
Quantify and report changes in position and adherence to established risk limits in Energy, Ancillary Services, Environmental Attributes and Capacity
Monitor Forecast vs Actual Profit and Loss to ensure suitability of models and business processes
Produce Reporting for operational use by Trading and Portfolio Managements teams as well as Senior Management
Maintain and operate Value-At-Risk (VaR) processes and report daily VaR to Senior Management and Market Risk teams
Review the accuracy and adequacy of Load forecasting and assist in development and review of weather scenarios for analysis and strategy proposals
Perform Ad-Hoc analysis to identify commodity and Illiquid cost risks, review risk mitigation strategies or hedges, and to quantify other business risk or uncertainty
Other duties as assigned

Benefits

The base salary range for this position is $103,000 - $155,000 per year.
As Individual pay will be based on various factors, such as relevant work experience, education, certifications, skill level, seniority, and internal equity.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs.
Employees also participate in a company pension plan and a 401(k) plan.
Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents.
Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance.
Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives.
For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays.
Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html.
Benefit from flexible working hours, and the possibility of remote/mobile working
Perform at your best with a competitive starting salary and annual performance related 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
Gain access to a wide range of training and development programs