Sr Market Risk Analyst

Shell•Houston, TX

24d

About The Position

As a Senior Market Risk Analyst, you will be responsible of the following duties: Act as Senior Market Risk focal point for front-office and senior stakeholders Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes Design and analyze independent stress-test evaluations/scenario analysis of the portfolio that align with current risk-appetite and asses if limits are “right-sized” for growth Evaluate new business opportunities by providing independent deal assessment including strategic/portfolio fit, limits impact evaluation, analysis of portfolio performance in various scenarios, identification of risks associated with the new deal, and back-testing strategies in collaboration with other Market Risk groups and the Deal Valuation team. Where applicable, provide peer review and challenge to deal proposals for other T&S businesses Analyze performance or hedge effectiveness/back-tests of trading strategies, identify multiple factors driving position and profit and loss changes and provide insight to stakeholders and consumers of risk data for context Develop and refine the fair economic valuation approach and provide steer on usage of market risk reserves Regularly and independently evaluate known key deal inputs and identify/document shortcomings with internal evaluations Provide daily, insightful, commentary of key portfolio activity including market intelligence, exposure changes and new deal activity Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary Develop strong relationships with Shell Energy Americas commercial counterparts and possess deep end-to-end understanding of trading strategies, associated exposures and future growth aspirations for the trade desk supported Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries Support internal/external audit requirements

Requirements

Must have legal authorization to work in the US on a full-time basis
Bachelor’s Degree; preferred focus in Mathematics, Economics, Engineering, Science, or other relevant field
5 or more years’ working experience in a trading environment related to power and/or natural gas
5 or more years of commodities market risk experience, preferred power and gas, including but not limited to: understanding of VaR methodology, valuation of non-vanilla option with physical constraints, design and implement stress testing scenarios, set different types of limits to monitor/control risk taking activities, design reserve methodology, etc.
Hands-on experience on long-term energy transactions, tolling agreements, renewable power purchase agreements, capacity agreements, contractual flexibilities, and non-linear products
Strong data analysis skills: hands-on experience using statistical analysis tools, programming languages and business intelligence tools
Strong interpersonal and communication skills (both written and verbal), including an ability to concisely explain complex concepts to non-specialist stakeholders in terms of intent and application
Learner mindset: innovative and creative, excellent critical thinking and problem-solving capabilities
Candidate must be able to work in Houston, TX, relocation is available for the chosen candidate if needed

Responsibilities

Act as Senior Market Risk focal point for front-office and senior stakeholders
Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes
Design and analyze independent stress-test evaluations/scenario analysis of the portfolio that align with current risk-appetite and asses if limits are “right-sized” for growth
Evaluate new business opportunities by providing independent deal assessment including strategic/portfolio fit, limits impact evaluation, analysis of portfolio performance in various scenarios, identification of risks associated with the new deal, and back-testing strategies in collaboration with other Market Risk groups and the Deal Valuation team. Where applicable, provide peer review and challenge to deal proposals for other T&S businesses
Analyze performance or hedge effectiveness/back-tests of trading strategies, identify multiple factors driving position and profit and loss changes and provide insight to stakeholders and consumers of risk data for context
Develop and refine the fair economic valuation approach and provide steer on usage of market risk reserves
Regularly and independently evaluate known key deal inputs and identify/document shortcomings with internal evaluations
Provide daily, insightful, commentary of key portfolio activity including market intelligence, exposure changes and new deal activity
Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary
Develop strong relationships with Shell Energy Americas commercial counterparts and possess deep end-to-end understanding of trading strategies, associated exposures and future growth aspirations for the trade desk supported
Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries
Support internal/external audit requirements

Benefits

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.
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 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.
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.