Job Description

, Singapore

Job Family Group: Finance

Worker Type: Regular

Posting Start Date: May 23, 2023

Business unit: Finance

Experience Level: Experienced Professionals

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Where you fit in

Shell Trading and Supply (T&S) is the world\xe2\x80\x99s largest energy trading business and operates in every major energy market around the world. It supports the Shell group businesses by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, freight, and environmental products. Shell Trading and Supply also manages one of the world\'s largest fleets of liquefied natural gas carriers and oil tankers and provides maritime expertise and logistics to Shell companies and external customers. Our aim is to create value for Shell\xe2\x80\x99s shareholders, customers, and counterparties across the globe by forging successful partnerships that generate mutually beneficial commercial opportunities.

The Market Risk Operations Team is responsible for ensuring that risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly. The Market Risk Operations Analyst reports to the Manager of Market Risk Operations. The candidate will need to be comfortable with working independently with limited supervision at times and be able to thrive as part of a global team with members in the US, UK, India, and Singapore.

The goal is to ensure that all data needed for portfolio valuation is complete, timely and accurate, and that systems and controls are in place to ensure compliance with the global Risk Management framework.

What\xe2\x80\x99s the role?

This role will work closely with the other risk teams across the Trading and Supply business including a significant Business Operations component, regular discussions with Market Risk, Valuation, Front Office, Finance and Back Office, and be a focal point for forward curve and pricing related queries from across the Shell group.

Key accountabilities and responsibilities of the role are:

• 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.
• Working with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team.
• 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.
• Implement Shell best practices in commodity trading risk management.
• Ensure that Risk fulfils its role as an independent \xe2\x80\x9ccheck and balance\xe2\x80\x9d function and is viewed as such by other parts of the organization.
• Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.
• 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.
• Ensure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is \xe2\x80\x98Right First Time\xe2\x80\x99.
• Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• Map and document processes, clarify accountabilities, and simplify interfaces to allow the smooth running of the Risk organization.
• Promote a culture of continuous improvement by having the courage to challenge established processes. This includes identifying inefficiencies in local and global operations and opportunities to streamline and automate shared processes and interfaces.
• The role works closely with risk analysts in all parts of the risk management department including a significant Business Operations component. The incumbent is tasked with ensuring that the business that they cover is widely understood and that any changes to it or the supporting risk management framework are communicated properly to all stakeholders.

What we need from you?

We are keen to hear from candidates with the following qualifications touched by their experience:

• At least seven (7) years working experience within a trading, financial or risk management organization
• Bachelor\xe2\x80\x99s Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry.
• Knowledge of financial, commodity and energy markets, derivative instruments, and hedging which could have been gained in a Market Risk, Product Control or Trade Control role.
• Intermediate to Advanced Excel skills, such as pivot tables, lookups, VBA macros. SQL and Python an advantage, other coding languages can also be useful.
• Experience with Endur, DEX or comparable energy trading risk management system.

Also, this is a role for a person who brings diversity of thought, who is not afraid to speak up and who is comfortable challenging senior stakeholders.

Besides that, we hope to see the following:

• Ability to articulate and communicate complex scenarios and ideas in a clear and concise manner while understanding the perspective and experience of others. Ability to challenge sensitive issues constructively while maintaining working relationships.
• Team player, good interpersonal skills. Flexible to work with colleagues across numerous time zones with both Market Risk at the Trading Hubs in the Americas, Europe, and Asia, but equally the Business Operations center\xe2\x80\x99s in Chennai, Manilla, and Bangalore.
• Excellent communication skills - this role will require writing reports and policies and presenting analysis and insights to senior stakeholders. Due to the global nature of the business the role requires communicating using different methods, in a variety of formats, to people in many countries.
• Reliable, dependable, and disciplined. Excellent attention to detail, methodical, organized. A trusted partner of the business
• Resilient when working under pressure, with the ability to prioritize tasks to meet key deadlines.
• Good judgement to provide advice, question discrepancies, escalate issues
• Continuous improvement mindset: utilizing tools to streamline and automate work to boost efficiency
• Scientific mindset: identify, investigate, analyze, research, discuss, record, and resolve issues
• Learner mindset: innovative and creative, excellent problem-solving capabilities

More About Shell in Singapore

Shell is one the largest foreign investors in Singapore and began operations in 1891. Today, we have more than 3,200 employees in Singapore alone. The Pulau Bukom Manufacturing Site today is the largest Shell refinery in the world in terms of crude distillation capacity, which makes Singapore a key regional supply and trading centre for Shell in the East. Singapore is the largest petrochemical production and export centre in the Asia Pacific region. Shell Jurong Island (SJI) manufactures petrochemicals to meet the fast-growing demand for these products in the region. We also have one of the largest single-branded retail networks in Singapore, providing customers with a wide range of quality products and services. When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.

An innovative place to work

There\xe2\x80\x99s 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\xe2\x80\x99ll be adding your talent and imagination to a business with the ambition to shape the future \xe2\x80\x93 whether by investing in renewables, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

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 are nurturing an inclusive environment \xe2\x80\x93 one where you can express your ideas, extend your skills, and reach your potential\xe2\x80\xa6

• We\xe2\x80\x99re 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\xe2\x80\x99ll take it from there.
• We\xe2\x80\x99re closing the gender gap \xe2\x80\x93 whether that\xe2\x80\x99s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
• We\xe2\x80\x99re 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\xe2\x80\x99re huge advocates for career development. We\xe2\x80\x99ll 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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DISCLAIMER: 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 is an Equal Opportunity Employer.

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