Quantitative Analyst

Shell Trading integrates a worldwide trading network with an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power, and chemicals. It has larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Barbados. Shell Trading is one of the world's largest energy traders and is a key segment of the Royal Dutch/Shell portfolio. Shell LNG Marketing and Trading is one of the world's leading LNG portfolio businesses.

The Primary Accountabilities Of The Quant Analyst Are:

• Build pricing and modelling across the LNG trading space.
• Research and implement derivatives pricing models under a mature pricing engine platform.
• Leverage on existing Quant Library and implement blocks of models and standardize them.
• Deploy the derivative pricing models to an execution engine, with support from quantitative developers.
• Internal model documentation of mature quant models and making them ready for model validation.
• Understand the LNG deal funnel in order to appropriately prioritise new opportunities in the portfolio across the team.
• Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making.
• Partner with IT, Business Excellence / Commercial Delivery to select and implement new IT solutions and enhancements to existing IT solutions.
• Work closely with IT and other support groups on model implementation, system integration, and data analytics.

This new position will be reporting to the LNG Derivatives Trading Team Lead and will be responsible for improving analytics and modelling to enhance commercial activities within the LNG short term trading portfolio. The role will focus on modelling and pricing options originated from physical deals.

What We Need From You:

• Preferably, someone with desire or experience in commercial /quantitative roles, specifically in the LNG or Gas and Power markets.
• Some understanding of financial risks from vanillas and exotic structured products.
• Prior work or research with widespread and diverse structured product in commodities space, such as swaptions, calendar spread options, swing options and/or asset optimization is a plus.
• Prior experience or interest in modelling forward curves and volatility dynamics in commodities.
• Understanding of Monte Carlo risk modelling methodologies, particularly in derivatives pricing context.
• Good programming skills, preferably in Python or any low-level languages.
• An external focus, with expert knowledge of the market, and ability to quickly understand commercial opportunity, and its value drivers.
• Proactive approach and mindset to propose and drive improvement and changes.
• Stakeholder management: the role will engage with a large pool of stakeholders, with whom effective communications and relations are essential.

Other Desirable Skills Include:

• Prior experience implementing core quantitative library infrastructure, such PDE solvers, Monte Carlo simulations, curve and volatility fitting and model calibration.
• Exposure to hardware-aware technology stack and libraries, such as jax, pytorch, tensorflow, polars, is a plus.
• Exposure to cloud-computing is a plus.
• Exposure to time series analysis and Machine Learning techniques is a plus.

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. 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.

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.

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.

An inclusive place to work:

To power progress, we need to attract and develop the brightest minds and make sure every voice is heard. We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

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.