Senior Specialist Market Risk

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Whats the role

The Market Risk (MR) department is a specialized unit in Finance Operations (FO) that operates in Chennai Bangalore and Manila centers. The team has frontline responsibility for risk measurement deal valuation exposure reporting and price validation. The department pulls together a range of expert skills that ensure accurate timely reporting and allow MR to offer professional advice on the wide range of issues that the department gets involved in. We are interested in attracting people to our business who share our core working values of honesty integrity and respect for others. We want those who can build on our business vision are prepared to accept accountability and can achieve great results through teamwork. The team has been continuously absorbing newly migrated activities over the last eight years with continued growth and more complex work will continue to be absorbed into the teams

The primary function in the job role will be to detect quantify and communicate potential for unforeseen or unidentified risk within trading activities. Additionally this role liaises with Accounting/ Finance Operations and Commercial teams to ensure deals are captured accurately and reflected correctly in our systems. Cross training will be required to provide cover on daily monthly and quarterly reporting processes for the Market Risk team. Individual will be frequently involved in development of the day-to-day and monthly processes and systems to keep pace with the ever-changing trading environment.

This description details the role for a Senior Specialist who will support the Senior Team Manager (STM)/ Operations Manager (OM) in delivering daily P&L/Risk reports ensuring successful operation of SOX Controls contributing to operational excellence in the reporting processes and helping develop/build capabilities of other Risk Analysts. The role is expected to have no direct reports. As part of the larger team desk reporting the analyst may need to cover other primary analysts during their absence.

What youll be doing

• Understand key P&L drivers and articulate strategy-based P&L commentary whilst demonstrating a commercial understanding of the business
• Acquire an in-depth understanding of Mark-to-Market (MtM) curves & methodologies and assist the team in ensuring the curves are correctly loaded in the trading systems
• In case of trading system curve errors liaise with business users and technical support to identify analyze and resolve issues (ad hoc)
• Leverage Market Risk modelling practices including Value at Risk & Stress Testing to understand and communicate the risk in the portfolio
• Understand trading account structure exposures and P&L generated by different transaction types in the book
• Prepare weekly/monthly trade performance slide packs for Regional/Global Heads of the Commercial Business.
• Provide ad-hoc analysis by running queries into the Trading Risk databases
• Monitor exposure limits daily within the Trading Control Framework and Manual of Authorities (MOA)
• Ensure activities are carried out with safety awareness and are performed in compliance with external regulation the Shell Control Framework SOX & Financial Reporting requirements and Shell Trading mandate and policies
• Liaise with business users and technical support to identify analyze and resolve application issues
• Monitor and report KPI for both external (traders) & internal performance metrics
• Be curious about the Shells trading business seek to understand both ongoing/upcoming transactions and dig into conflicting data to resolve issues while considering the impact upon the overall business
• Work closely with the STM/OM to help them carry out daily risk reporting/execute projects. Most projects are likely to come in with short deadlines- the candidate is expected to lead the project while keeping a tab on the on-time delivery of scheduled tasks
• Be well versed/have hands-on experience in any or all of VBA Advanced Excel Power BI MS Access SQL MATLAB Spotfire QlikView Tableau. The job will have a techno-functional aspect where the analyst will frequently pull data filter and process information analyze interpret and clearly communicate the results upwards for the consumption of senior management

What you bring

• The ideal candidate will be highly numerate logical can prioritize and multi-task and is comfortable working in teams
• A good understanding of Commodity Markets (crude oil/ oil products/ LNG/ natural gas/ power experience is welcome) business and/or familiarity with spot price assessments forward curve methodologies swap markets and basics of options would be valuable
• Risk Management knowledge (demonstrate knowledge of different types of VaR stress testing sensitivity analysis basis risk volume risk currency risk)
• Strong computing skills (Excel programming VBA SQL) and analytical abilities
• Strong analytical skills (details & accuracy-oriented mindset)
• Strong communications and interpersonal skills
• Prior experience in operating LOD2 controls and knowledge of financial risk models along with back-testing models would be preferred.
• An undergraduate degree in Statistics Mathematics Science Finance or Economics from a leading academic institution
• Experience/ understanding of Risk Management systems (Openlink Endur FIS Aligne) and ability to identify deal changes related to fees would be a strong plus.
• Working knowledge of SQL /Oracle
• Working knowledge of Qliksense - create new visualizations and drill down information for detailed analysis - is preferred
• Demonstrates a proven record in handling tools such as Alteryx Python Spotfire Power BI.
• Experience in Six-Sigma and/or other problem-solving methodologies to drive continuous improvement
• Finance and accounting skills including ability to understand financial results and financial and management reports
• Experience with risk analysis Value-at-Risk financial derivatives or physical energy markets would be a plus
• Ability to work with cross-functional work group
• Ability to drill down into complex data and must have a keen eye for details
• Creativity in problem solving

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. Youll have the opportunity to develop the skills you need to grow in an environment where we value honesty integrity and respect for one another. Youll 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.
• 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.

An Inclusive & Progressive 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 were nurturing an inclusive environment one where you can express your ideas extend your skills and reach your potential.
• Were 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 well take it from there.
• Were closing the gender gap whether thats through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
• Were striving to be a pioneer of an inclusive and diverse workplace promoting equality for employees regardless of sexual orientation or gender identity.

Shell in India

Shell is a diversified energy company in India with 13000 employees and presence in Integrated Gas Downstream Power Renewable and Upstream. Additionally we have deep capabilities in R&D digitalisation and business operations.

Our global strategy Powering Progress is designed to generate value for our shareholders customers and the wider society and focuses on creating more value with less emissions. The strategy supports our purpose of providing more and cleaner energy solutions with the aim of profitably transforming Shell into a net-zero emissions energy business by 2050. As India moves towards its target of net-zero emissions by 2070 Shell India aims to play a leading role in securing vital energy for today while investing in and helping to build the energy system of the future through strategic investments in the country.

Our Lubricants business serves over 50000 consumers through a strong network of over 200 distributors and operates an end-to-end value chain that spans conceptualization development and production at a world-class blending plant at Taloja. Through our 350-plus retail stations we offer an integrated mobility experience including fuels cafes and convenience stores with a prominent network of EV recharging facilities.

Shell owns and operates a LNG re-gasification terminal at Hazira Surat with a capacity of 5 MTPA and a LNG truck-loading unit that plays a crucial role in helping meet Indias growing demand for gas across 2022 Shell acquired Sprng Energy in a $1.55 billion deal to build an integrated energy transition business in the country. Sprng is a leading renewable energy company in India which develops and manages solar wind and hybrid power generation facilities and infrastructure.

Our three capability centres across Bangalore and Chennai serve as a technology and innovation powerhouse for Shell globally working as a delivery engine for core technical digital and finance processes: pioneering digital innovation and cutting-edge technologies across the energy sector. We also have strong academic partnerships and collaborations with leading universities and technology institutes to accelerate decarbonization efforts within the energy sector.

We are committed to positively contributing to the communities in which we operate through programmes on STEM Education Skilling and Livelihood across India. We nurture and invest in startups developing initiatives focused on accelerating energy innovation through programs such as Shell E4 and Shell Eco-marathon. We also have strategic investments in new energy companies such as Husk Power Orb Energy and Cleantech Solar.

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