Market Risk Manager Energy

Profile

Queensland, Australia

Job Family Group:

Finance

Worker Type:

Regular

Posting Start Date:

March 4, 2021

Business unit:

Finance

Experience Level:

Experienced Professionals

Job Description:

Shell Australia is a leading natural gas producer and we are playing our part in the transition to a low-carbon future by also investing in the power sector, renewable energy sources and carbon abatement activities. A Shell career offers opportunities to work on innovative projects such as the Prelude floating LNG facility offshore of Western Australia and the QGC onshore gas business in Queensland. Beyond these are a wide range of Shell’s New Energies development opportunities. Shell recruits people from diverse backgrounds and offers an inclusive workplace culture. Join Shell and let’s power progress together with more and cleaner energy solutions.

What’s the role?

The purpose is this role is to ensure Market Risk activities surrounding the Shell Energy Australia business are executed in a controlled and professional manner. This includes ensuring all trading activities remain within mandated exposure and risk limits, all exposures are properly recorded using established fair value methodologies. This role reports to the Head of Market Risk Energy and will manage a team of five or more Market Risk Analysts.

Some of the key deliverables and responsibilities for this role are as follows:


Manage risk identification of model & portfolio assumptions and market inputs, pricing issues, and drive understanding of the design and utilization of VaR, stress testing, and scenario analysis
Identify, develop, and implement systems efficiencies and reporting capabilities for the risk books, partnering with the other Market Risk team managers to align best practices across the Global business
Expected to manage the Senior Commercial stakeholders for the Shell Energy Australia business line, potentially in different time zones
Work closely with the Credit and Enterprise Risk teams to ensure trading risks and returns are fully understood, captured and challenged where necessary. This will also include longer term risks, inherent in contracts such as, but not limited to, storage, pipelines, tolling agreements and environmental products
Ensure that the Shell Energy Australia business is widely understood and that any changes to it or the supporting risk management framework are communicated properly to all stakeholders
Execute local and enterprise risk management reporting for the Shell Energy Australia organization. This will involve segregating P&L performance against risks and ensuring the drivers of high or low returns are fully understood
Understand and manage the local adoption of new policy and methodology for the evaluation of any new or adapted market risk exposures
Understand all trading activity ensuring that the purpose of all trading strategies can be explained in a simple way both to internal decision makers and interested external parties such as regulators.
Ensure that trading activities are properly represented within the Shell Energy Australia quarterly Market Risk committees and provide input into Enterprise Risk Management committees as needed
Actively manage internal resources to optimize the efficient analysis of risk across the portfolio, manage change and prioritize accordingly. This will involve working with analysts covering different parts of the Shell Energy Australia portfolio.
Provide risk management expertise in complex areas and should be able to manage their own work with limited supervision


What we need from you

To be considered for this role you will have:


7 years Market risk management experience in a 1st class large trading organization
A tertiary degree in Business, Economics, Mathematics, Engineering or IT
Strong understanding of trading, operations, risk and mid/back office business processes, policies, procedures and controls
Advanced grasp of trading influences, deal structures and types, interpreting positions, P&L, market to market, trading reporting regulations, financial and management reporting, position reporting, and financial analysis
Strong business analysis skills, modelling capabilities, research and problem solving skills, technologically oriented, proficient in working with computers and software applications, including Microsoft Office and Excel, and must understand data warehousing fundamentals.
Experience with Endur or comparable energy trading risk management system and ability to fully leverage its functionality.
Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates
Substantial experience within a trading and risk management organization, including an advanced understanding of the Australia energy commodity markets (physical & financial).
Strong ability to understand trading valuations, including building and validating new models as needed
A track record of working with and influencing remote teams.
Strong written and verbal communication and influencing skills.
The ability to project manage and prioritize work to tight deadlines in a fast-moving business.


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DISCLAIMER:

Aboriginal candidates are strongly encouraged to apply. At Shell we believe that every individual has something valuable to offer. We understand that the more diverse the workforce, the wider the variety of ideas we bring to the table. Shell values diversity and offers: flexible work schedules, work and family programs, health and wellness programs, employee networks and mentoring, plus great training and development The successful candidate should be an Australian Citizen or Permanent Resident. 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 Royal Dutch/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.

According to the United Nations, the global population could increase to more than 10 billion people. A key role for society – and for Shell – is to find ways to meet the growing demand for energy, with less carbon emissions. We need people who dare to think differently – to take part in developing tomorrow’s energy solutions today.

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