What's the role?

Shell Trading supports the Shell businesses, in particular Oil Products, Gas and Power and Chemicals, by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, environmental products and freight. We also manage one of the world's largest fleets of LNG carriers and oil tankers and provide maritime expertise to Shell companies and external customers. This role will focus on Shell's energy trading which is a highly complex and integrated business line consisting of multiple businesses trading power, gas, and related environmental products across the globe.

The Market Risk Advisory Manager SENA is responsible for understanding the trading markets and strategies employed by Shell Energy and its related companies in multiple jurisdictions. This role is responsible for managing a team of market risk professionals. This role reports to the Head of Market Risk Advisory - Energy. The purpose of the role is to independently identify, measure, and report on the level of risk from new business proposals, material contracts, and trading market conditions in order to advise the commercial teams on mitigation strategies and risk appetite. The role will provide risk assessments and insights to senior management while collaborating with and providing market specific information and advice to others in the global Finance and Risk Management. The Energy Market Risk Team provides an independent view as to whether Shell is receiving appropriate compensation for the risk they are taking.

The role works closely with risk leads for all parts of the risk management spectrum including Front Office Trading, Market Risk Operations, Business Operations, Finance, Compliance, and other back office functions. The role is the Market Risk focal point for gas and power risk related queries in the Americas.

What you'll be doing

Interact with and provide Market Risk advice and insight to senior commercial, risk, and finance colleagues. Provide independent advice and guidance on the level of risk/return in the business to senior commercial, risk, and finance colleagues.
Assess new deals and proposed transactions for a wide range of renewable and traditional power and gas related contracts to ensure that the commercial teams have identified and priced associated risks.
Work with the Valuation and Quantitative Analytics teams to understand, assess and model market risks including embedded physical optionality and optimization of physical portfolios changes exposures.
Ensure that all market risk exposures generated are fully understood and that the risk associated with market risk exposures are properly evaluated and communicated to the appropriate stakeholders.
Assist in limit setting & monitoring of the gas and power businesses, but equally play a key role in limit setting globally across the Trading and Supply business.
Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including VaR back-testing, stress testing, scenario analysis, liquidity analysis.
Understand and explain changes in VaR by breaking down the impact by it's underlying drivers, and ensuring that the VaR accurately reflects the positions taken and volatility of the relevant market.
Participate in and help set the agenda for Risk Committee meetings with Senior Leadership.
Define and advance analytical mindset and behaviours by providing support for training and learning opportunities to analysts to enhance their understanding of trade book strategies, complex deals, trading and risk mandates, and market fundamentals.
Attract, develop and retain top talent; includes identifying future leaders within the Market Risk team. Enable continuous professional development and timely training for risk professionals
Collaborate with other Market Risk and front office organizations to actively manage resources & processes to provide efficient analysis of risk across the portfolio.
Implement Shell best practices in commodity trading risk management.
Ensure that all trading activities remain within mandated limits and escalate appropriately if they are exceeded.

What you bring

Must have legal authorization to work in the US
Prefer degree in Economics, Mathematics, Science, Engineering, or Business, other degrees considered with relevant workplace experience in the energy trading industry. Advanced degrees a plus.
Substantial experience (15+ years or equivalent) within a trading and risk management organization, including a strong understanding of trading, operations, risk, compliance and mid/back-office business processes, policies, procedures and controls.
Thorough understanding of the financial and physical natural gas, power, and carbon markets including derivative instruments and hedging techniques.
In depth knowledge of the infrastructure of the energy trading and supply industry such as gas fields, pipelines, power plants, power grids, energy users. An understanding of the fundamental economics and pricing mechanisms behind these physical assets and flows of energy, and the trading strategies that relate to them in multiple global jurisdictions
Sound understanding of current regulatory proposals and how these can impact T&S and RDS.
A strong proven track record in leadership in a team and business/function; leader and adviser in implementing new processes with short-dated hard deadlines.
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 prioritise 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.
Candidates shall possess extremely good judgment and shall be able to provide advice, while balancing risk and value on a daily basis.
Scientific mindset; identify, investigate, analyse, research, discuss, record, and resolve issues.
Learner mindset; innovative and creative, excellent problem-solving capabilities.
A critical and strategic thinker, with a long-term view on risk but with a short term and pragmatic view on implementation.

What we offer

The base salary range for this position is $194,000 - $292,000 per year. 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.

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.

We'd like you to know that Shell has a bold goal: to become one of the world's most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.

Shell in The United States

Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products. Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy.

We operate in all 50 states, from our Deep Water platforms in the Gulf of America to the Pennsylvania Chemicals complex and our miles of pipelines throughout the US.

We reach our customers through our 13,000 branded retail stations, and we are number 1 in gasoline sales. We also own the #1 brand of motor oil in the U.S. - Pennzoil - made from natural gas.

We are excited to play a key role in the move to net carbon emissions while providing the oil and gas needed by society for many decades to come.