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Market Risk Analyst

Market Risk Analyst
Houston, US
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Job Description

Company description

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.

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.

The world is changing fast, and Shell is changing too – not only to keep up with the external pace, but also to anticipate and shape a different future. The Corporate Relations function delivers value by supporting our strategy and sectoral approach and improving policy and advocacy outcomes. We will bring the outside in and secure and drive Shell’s reputation and values. Drawing on a strong base of professional excellence, we aspire to be best-in-class at achieving integrated outcomes through effective engagement and communication with external and internal stakeholders.

Market Risk Analyst

What is the role? -

As a Market Risk Analyst, you will be responsible of the following duties:

  • Act as Market Risk Advisory focal point for front-office stakeholders

  • Develop strong relationships with Shell Energy Americas commercial counterparts and acquire knowledge of trading strategies, associated exposures and future growth aspirations for the trade desk supported

  • 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

  • Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary

  • 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 assisting with 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

  • Regularly and independently assist with the evaluation of known key deal inputs and identify/document shortcomings with internal evaluations

  • 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

  • Provide daily, insightful, commentary of key portfolio activity including market intelligence, exposure changes and new deal activity

  • Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries

  • Support internal/external audit requirements

What we need from you -

  • Must have legal authorization to work in the US on a full-time basis for anyone other than current employer

  • Degree in Economics, Mathematics, Science, Engineering, Business/Commerce; or relevant field is required

  • At least 3+ (three plus) years working experience in Market Risk in at least one of the following commodity areas: power trading, gas trading, or renewables and environmental products trading.

  • Knowledge of North American supply/demand dynamics, deal structures, demand forecasting, stress testing, scenario analysis, VaR and exposure reporting.

  • Experience modelling long-term energy transactions, tolling agreements, renewable power purchase agreements (solar, wind, batteries, biomass), capacity agreements, contractual flexibilities and non-linear products is desirable

  • Experience in US power markets (ISO-NE/NYISO/PJM/MISO/ERCOT/SPP) and associated natural gas markets is preferred

  • Proficiency with Python, JavaScript, R, C or other programming languages is desirable

  • Intermediate to Advanced experience with the Microsoft suite of products: Excel, PowerPoint, Word, & Power BI

  • Experience with Endur or comparable energy trading risk management system

  • Experience with Spotfire or comparable analytics platform is desirable

  • Resilient when working under pressure with the ability to prioritize tasks, meet deadlines, exercise good judgement when providing advice, question discrepancies, and escalate issues when necessary

  • 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

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