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- Tasks: Analyse market risks in European power trading and develop risk frameworks for complex products.
- Company: Join Shell, a global leader in sustainable energy solutions aiming for net zero emissions by 2050.
- Benefits: Enjoy a dynamic work environment with flexible arrangements and opportunities for career growth.
- Why this job: Be part of innovative projects that shape the future of energy while collaborating with diverse teams.
- Qualifications: Degree in maths, economics, or related fields; extensive experience in power market risk required.
- Other info: Shell values diversity and encourages all qualified applicants to apply, regardless of background.
The predicted salary is between 48000 - 72000 £ per year.
Job Location: United Kingdom
Job Family Group: Finance
Worker Type: Regular
Posting Start Date: June 2, 2025
Business Unit: Finance
Experience Level: Experienced Professionals
What's the role?
In this position, you will have several key responsibilities, including:
- Developing close relationships with the European power trading business to support new deals and appraise trading activities to ensure mandated exposure and risk limits are adhered to.
- Using knowledge of European power markets to manage risk identification of model/portfolio assumptions and market inputs.
- Collaborating with commercial quantitative teams to advance future pricing, valuation, and risk models.
- Playing a key role in developing risk frameworks for illiquid, structured, and complex products, liaising with the wider Market Risk function and commercial stakeholders.
- Providing Market Risk input on new and group business proposals, assessing risks of complex structured deals, and calibrating performance parameters.
- Leading the execution of key controls for the business area and collaborating with other functions to improve controls and processes.
- Keeping Risk leadership informed of notable position and market movements.
- Providing independent advice on risk/return levels and ensuring alignment with risk appetite.
- Performing performance reporting for management, including trading strategy P&L, imbalance volume analysis, forecast accuracy, limit monitoring, and fundamental analysis.
- Representing Market Risk on strategic power projects.
- Developing tools for portfolio reviews and producing detailed analyses for senior management.
- Driving understanding of methodologies to assess risk/reward, including VaR back-testing, stress testing, and scenario analysis.
- Refining the fair economic valuation approach for power deals, considering imbalance, shape, and liquidity risks, and advising on risk reserves.
- Collaborating with support functions for deal support and portfolio queries.
- Supporting audit requirements and mentoring junior team members.
Requirements
We seek candidates with attributes including:
- A degree in mathematics, economics, engineering, science, or related fields.
- Extensive power market risk experience with a solid understanding of fundamentals like P&L, exposure, VaR, stress testing, and modeling.
- Knowledge of non-linear products, tolling agreements, renewable power, and certificates (GoOs, REGOs).
- Understanding of cross-commodity market fundamentals.
- Proficiency in evaluating trading valuations and model calibration.
- Attention to detail and accuracy, ability to multitask.
- Understanding of Fair Value and derivatives.
- Endur ETRM knowledge is preferred; experience with ETRM migrations is a plus.
- Strong analytical, modeling, and problem-solving skills.
- Ability to lead multi-stakeholder projects with risk controls.
- Technological skills, including Python and SQL.
- Ability to work under tight deadlines and in high-pressure environments.
- Self-motivated team player, capable of remote work within a global team.
- Creative problem-solving, excellent communication, and interpersonal skills.
Additional Information
We encourage all qualified applicants to apply, regardless of whether they meet every requirement. Shell is committed to diversity, equity, and inclusion, welcoming applicants of all backgrounds.
About Shell UK
Shell is a global energy company committed to sustainable and responsible energy solutions. It aims to reach net zero emissions by 2050 and invests heavily in low-carbon technologies and infrastructure in the UK.
Work Environment and Benefits
Shell offers a dynamic, inclusive, and rewarding work environment with opportunities for career growth, innovation, and contribution to global energy solutions. The company promotes diversity and flexible working arrangements.
Disclaimer
Shell reserves the right to amend or withdraw job postings at any time. Applicants are advised to review Shell's data protection policy. Shell is an Equal Opportunity Employer.
Contact Detail:
Shell plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Market Risk Analyst - Power
✨Tip Number 1
Network with professionals in the power trading sector. Attend industry events, webinars, or local meetups to connect with people who work in market risk analysis. Building relationships can provide insights into the role and may lead to referrals.
✨Tip Number 2
Stay updated on the latest trends and developments in European power markets. Follow relevant news sources, subscribe to industry publications, and engage in discussions on platforms like LinkedIn to demonstrate your knowledge during interviews.
✨Tip Number 3
Familiarise yourself with the specific tools and technologies mentioned in the job description, such as Python and SQL. Consider taking online courses or certifications to enhance your skills, making you a more attractive candidate.
✨Tip Number 4
Prepare for potential interviews by practising common market risk scenarios and case studies. Be ready to discuss your analytical approach to risk assessment and how you would handle complex structured deals, showcasing your problem-solving abilities.
We think you need these skills to ace Senior Market Risk Analyst - Power
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk analysis, particularly in power markets. Emphasise your skills in P&L, VaR, and stress testing, as well as any specific projects that demonstrate your analytical abilities.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role and how your background aligns with the responsibilities outlined in the job description. Mention your experience with non-linear products and your proficiency in Python and SQL.
Showcase Your Analytical Skills: Provide examples of how you've used analytical and problem-solving skills in previous roles. Discuss any experience you have with developing risk frameworks or collaborating on multi-stakeholder projects.
Highlight Your Teamwork and Communication Skills: Since the role involves collaboration with various teams, emphasise your ability to work in a team environment and communicate effectively. Share instances where you've mentored others or led projects to success.
How to prepare for a job interview at Shell plc
✨Know Your Market
Make sure you have a solid understanding of the European power markets. Brush up on key concepts like P&L, exposure, VaR, and stress testing. Being able to discuss these topics confidently will show your expertise and readiness for the role.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and problem-solving skills during the interview. Be ready to discuss specific examples where you've successfully managed risk or developed models. This will highlight your ability to handle complex situations effectively.
✨Familiarise with Tools and Technologies
Since the role requires proficiency in Python and SQL, ensure you're comfortable discussing your experience with these technologies. You might be asked to solve a problem or explain how you've used these tools in past projects.
✨Showcase Team Collaboration
This position involves working with various stakeholders, so be prepared to talk about your experience in leading multi-stakeholder projects. Highlight your communication skills and how you've successfully collaborated with others to achieve common goals.