Quantitative Analyst

Profile

, United Kingdom

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

Business unit:

Downstream

Experience Level:

Experienced Professionals

Job Description:

Where you fit in

Shell aims to significantly reduce its Carbon footprint and has recently raised its ambitions to be a net-zero emissions energy business by 2050 or sooner. Renewables & Energy Solutions (RES) and Shell Energy Trading (SET) have jointly developed an Integrated Power Strategy that will enable Shell ambitions in reducing its Carbon footprint and in becoming the leading Energy player in the World.

As an integral part of the Integrated Power Strategy, SET and RES have the ambition to substantially grow its European B2B Gas and Power and lower carbon solutions business across European countries.

This is an exciting time to join the European team as we embark on a new strategic phase, launching our new Purpose and Vision and a huge program of work, with goals and objectives set to direct the business for the next five years. RES & SET believe in creating an inclusive culture and work environment where you can thrive, innovate and develop; but most of all be yourself.

The team is expected to grow to 5 members by the end of 2024 and it is part of the Deal Structuring and Quant Analytics department, benefitting from being part of the quantitative community within SET. The B2B Valuation & Modelling team will be at the forefront of building and maintaining Power Pricing Models for RES B2B sales portfolio, providing the interface to SET Traders, RES Supply and Portfolio and Local Pricing teams.

The business has the ambition to develop and build a solid B2B customer portfolio across all European country operations.

Team Responsibilities:


Translating policies set by RES Market Risk team and implementing into Pricing Models and developing a pricing engine
Calibrating Pricing Models
Breaking down and defining standard and non-standard offerings and providing valuation for respective buckets.
Identifying and quantifying the market realities, embedded optionality, and risks inherent in the transactions initiated by the Deal Makers.


What’s the role?

As a B2B Quantitative Analyst, you will be part of the newly established B2B Valuation & Modelling team reporting in to the B2B Valuation & Modelling Manager, which is key to the growth ambitions in capturing more and new opportunities in the B2B power markets, whilst monitoring and managing its performance. You would be expected to deliver modelling and analysis as required to support the RES B2B Portfolio Optimisation, Pricing team and SET Traders, as well as providing guidance on best practice modelling and analysis.

Accountabilities:


Initially develop & maintain Pricing Models (prototype) to price and manage risk associated with B2B contracts, in particular volume risk, optionality, shape & imbalance cost for multiple European power markets
Longer term deliver a pricing engine for B2B markets across Germany, Spain, Italy, Netherlands and the UK
Provide quantitative analysis to support the development, implementation, and continual review of hedging strategies to manage volume, shape and liquidity risk
Perform regular backtests, calibrate and maintain these Pricing models
Work closely with Traders, RES Local Pricing teams and Supply & Portfolio teams to ensure that risk materalisation is in line with risk premia offered to customers as well as market and regulatory developments are incorporated into models
Work with the B2B Quantitative Developer to optimise, automate and put into production the prototype code; ultimately leading to the development of a pricing engine
Support the B2B Quantitative Developer and the central Quantitative Analytics Team to contribute to the deployment and maintenance of B2B pricing models in a centralised quantitative library, adhering to existing framework and coding standards


What we need from you


Postgraduate education or equivalent
Advanced Python skills and associated third party libraries is essential alongside the ability to manage a large amount of market information.
Experience in EU power markets, particularly B2B power markets is highly desirable
Previous exposure to PPAs/CPPAs would be beneficial
Ability to distinguish between reasonable model output and questionable results driven by weak inputs.
Practical knowledge of software development practices in a commercial environment
Solid understanding of mathematical finance including stochastic calculus and probability theory; and practical implementation experience of numerical methods
Experience of SQL and business reporting dashboard tools such as MS Power BI and Spotfire etc is not essential but would be highly desirable
Excellent interpersonal skills, strong analytical skills and a commercial mind-set.
Proven ability to work independently and within a complex team and regions.


If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they don’t feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.

Company Description

Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.

An innovative place to work

There’s never been a more exciting time to work at Shell.

Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future – whether by investing in oil, gas and renewable energy to meet demand, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

An inclusive place to work

To power progress, 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 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 we’ll take it from there.
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.

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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 Shell/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.

Company info

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