The Risk Control Analyst is responsible for preparing and analyzing daily profit and loss for crude oil trading desks, including the monitoring of positions against limits (i.e. volumetric risk measure, VAR etc.). The analyst will gain an understanding of the types of transactions and strategies used by the trading desk to understand the risks within the trade book and ensure that deals and their P&L/exposures are accurately represented in the trading system. The individual will be responsible for ensuring the mark-to-market, position and value-at-risk reports provided to management and traders are timely and accurate.

This position provides key analytical and Trading support to the business. This position is a primary link between the trading business and the contracts and financial management groups and ensures compliance with relevant external regulation and the group's Trading Mandate and deal entry, price reporting, authorities and exposure limit policies.

Report and explain P&L movements, mark-to-market, positions and value-at-risk (VaR), on daily basis for trading desks with reference to prices, correlations and position changes.

Ability to engage with the trader/onshore buddy to understand the rationale on deals evaluation, accruals, reasoning etc.

Understand key price indices used by the desk and the construction of forward curves. Maintain and evaluate quantitative market data including price series (from brokers, 3rd parties and trader assessments), volatilities, correlations and volumes.

Understand trading account structure and exposures and P&L generated by the transaction types in the book. Provide monthly analysis of the gains & losses resulting from trading strategies employed by the desk

Provide ad hoc analysis for queries relating to impact of new deals, P&L, positions and/or value-at-risk.

Monitor exposure limits daily within the Trading Control framework and Manual of Authorities

Ensure traders enter deals accurately and in a timely manner and that commitments and exposures are entered in the trading system in line with the contract. Develop suitable exposure measurement and reporting methodologies for new product and structured contract offerings.

Provide validation of P&L including cost accruals & provisions, ensure forward parcels are appropriately valued and provide input into quarterly financial close processes and annual disclosure requirements.

Promote and ensure accurate reporting, monitor daily pricing in the trading system.

Liaise with other Risk Analysts globally to ensure consistency of approach, particularly across similar trading books.

Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies

Requirements

The ideal candidate will be highly numerate, logical, have the ability to prioritize and multi-task, and be comfortable working in teams.

A good understanding of Oil Markets business would be valuable as would knowledge of trading management information systems.

Risk management knowledge or experience would be a strong plus.

The successful candidate should be motivated to 'dig into conflicting data' and resolve issues while considering the impact upon the overall business.

An graduate degree in Statistics, Mathematics, Science, Finance or Economics is preferred with a minimum of 3 years relevant work experience.

Strong analytical skills required, detail and accuracy oriented.

Efficient communication and interpersonal skills

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.

Demonstrates ability to work with cross-functional work group.

Demonstrates ability to drill down into complex data and must be able to demonstrate creativity in problem solving.

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.

Our business has been built on a foundation of innovative technology and skilled employees. By providing energy to sustain people’s lives for more than a hundred years, Shell has become one of the world’s leading companies.

Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future. At Shell, everyone does their part.

An Inclusive place to work

Shell is working to become one of the most diverse, equitable, and inclusive organizations in the world. We are taking steps to create an environment where everyone – from our employees, to our customers, partners, and suppliers – feels valued, respected, and has a strong sense of belonging.

To achieve this, we must ensure all people are treated fairly, irrespective of their race, color, religion, age, gender, sexual orientation, gender identity, marital status, disability, ethnic origin, nationality, or other status.

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 – one where you can express your ideas, extend your skills, and reach your potential.

We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.

We’re 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’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.