Model Validation Specialist

Profile

Texas, United States of America

Job Family Group:

Finance

Worker Type:

Regular

Posting Start Date:

March 21, 2022

Business unit:

Finance

Experience Level:

Experienced Professionals

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.

Model Validation Specialist

What is the role?

As a Model Validation Specialist, the candidate will participate in the assignments of the Group validating Models for valuation and risk measurement and bridges seven areas:


Maintenance and extension of the Model Validation policy
Inventory of Models used within the Risk Management Function (RMF) and without as requested
Collection of code and documentation for successive Model versions
Assessment that a Model is “fit for purpose”
Review of process underlying a Model including inputs and outputs flows
Analysis of Model algorithms using challenge models internally built or procured externally
Determination of adjustments to Model required to mitigate weaknesses


Engagement of the Model Validation specialists with external Stakeholders will be very significant starting with other groups in the RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management Advisory, Market Risk Operations, Risk Analytics Reporting, Risk Management Transformation and Credit Risk Management Advisory.

They will also interface ongoing with Commercial Traders and Originators as well as Back-Office and Information Technology Departments. The Model Validation specialists also participate in educational efforts with benefits across RMF and the firm.

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
Minimum of (5 – 8) five to eight years working experience in risk management in the Energy industry
A degree in business administration, finance, economics, mathematics, engineering or information systems at the bachelor’s or above level for the Technician specialist and master’s to PhD for the Engineer and Scientist
Candidate must have general knowledge of energy markets, natural gas, power, oil crude & products, LNG and Freight
Proficiency with Microsoft Office Suite, SharePoint and Teams
Knowledgeable of SQL e.g. TOAD or GOLDEN, VBA independently or within Excel, C# and .Net - Experience with one or several analytical languages like Python, R, MatLab or SAS,QlikSense, QlikView, Spotfire, Power BI or Alteryx
Excellent critical thinking and problem-solving skills
Strong analytical skills with attention to detailed data analysis and complex model configuration
Ability to multi-task and accommodate organic changes in requirements for deliverables
Ability to work as a team member and with all members of the organization
Ability to communicate complex technical ideas, regardless of the technical capacity of the audience


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DISCLAIMER:

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 participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.

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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