Structured Commodities Sr Credit Analyst

Shell; United Kingdom; Hybrid; GBP 50,000 - 90,000

Job description

What’s the role

Based in London, you will be part of Shell’s Global T&S Credit Risk organisation, providing credit risk advisory for complex structured (physical, financial, financing) transactions across gas, power, crude, oil products and carbon. The highly structured nature of the transactions, complexity and inherent risks require additional levels of risk management, monitoring and counterparty review and analysis.

The role owner is a member of the Credit Risk Management providing credit oversight for new and existing structured transactions across Europe & Africa. You will be supporting Shell’s ongoing Energy transition initiatives across Shell’s Trading & Supply businesses and interact with other businesses across the organisation.

Our team tackles complex problems in original ways. We are a proactive group who are willing to do more than just respond to issues. We thrive on working smart and embrace new opportunities to drive the business agenda.

What you’ll be doing

Bring us a combination of expertise in credit risk, structured financing and commodity markets and you’ll help us shape our business direction.

The role owner will review, manage and monitor existing and new structured transactions, working closely with Trading & Supply commercial, finance and legal teams on execution, developing bespoke credit structures and managing the portfolio to identify and mitigate key risks and satisfy commercial objectives.

You will act as a team member responsible for all credit matters with regards to high-profile structured Commodity transactions in Europe & Africa working within a team to help the day-to-day credit duties.

The Structured Commodities Senior Credit Analyst will be accountable for the following:

• Credit Assessments - Assess and judge the creditworthiness of existing and new counterparties and recommend appropriate credit support and limits. Review and challenge analysis produced by team members and offshore support functions.
• Due diligence – conduct comprehensive counterparty review and analysis to identify key risks, incl. preparation of Due Diligence topics and question list and arranging in person Due Diligence meetings with counterparties.
• Structured Transactions – Structure credit solutions that mitigate risks and potential losses, applying credit solutions using a combination of PCGs, cash collateral, security, covenants and contractual terms and other credit mitigating solutions.
• Ongoing Monitoring and Management – reporting on the financial / credit performance of counterparties, including exposures and business performance, produce MI reports and escalate as and when required.
• Work-out Management – Where the credit risk has increased to unacceptable levels or covenants have been breached, oversee the termination of the contract, work-out management and the recovery of bad debts/losses where appropriate.
• Adherence to Policies - Ensure all contracts comply with the Shell T&S Credit Policy and the business is protected as far as possible from credit risk events. Enhance and challenge standards as and when required.
• Stakeholder engagement - Engaging proactively with front office to support the structuring of credit solutions for new and revised transactions, in particular the structuring of appropriate credit and financial arrangements along with the internal approvals and stakeholder engagement.
• Supporting colleagues - Work collaboratively with colleagues to achieve team, group and company objectives. Manage, teach, develop, junior members of staff.
• Stakeholder management across the business - Reporting to key internal stakeholders including the Structured Credit Manager (Europe and Africa), the Head of Commercial Credit (Europe and Africa) and in some cases, directly to the CCO / CRO to communicate potential risks and likely outcomes.
• Internal and External relationships development - have a detailed knowledge of the required gas, power, oil physical/financial markets, and identifying innovative solutions to meet customer and business needs.
• Drive business and process improvement – through new ways of working, process improvements or contribute to systems enhancements and projects.

What you bring

Your experience along with your stakeholder management skills will be critical in the development of appropriate credit strategies in cooperation with Business partner and customer portfolio management and analysis.

Relevant Skills and Educational Qualifications:

• Significant credit experience relating to structured credit, energy and financing/lending transactions.
• Graduate in related degree (Finance, maths, economics or other numerical degree)
• Excellent communicator and presenter

Relevant Knowledge:

• In-depth knowledge of credit analysis
• Knowledge of credit management and mitigations tools eg. margining, LCs, PCGs, security, insurance
• Ability to analyse financing transactions, understanding of typical loan documentation and security
• Understands the General Trading Terms (GTMA, NBP, EFET, GT&Cs, ISDA/CSA etc)
• Understanding of the European energy and crude markets
• Understands hedging strategies & debt management
• Cash flow forecasting and ability to sense check modelling
• Debenture, charges and covenant structuring and execution
• Good industry knowledge (settlement, regulation, cost stack for domestic and SME businesses)

Relevant Experience:

• Demonstrable experience with ratings agency, bank, asset manager or commodity trader
• Comfortable conducting due diligence and driving comprehensive credit assessments
• Good understanding of financial statements, ratios, and concepts
• Strong proficiency in excel, with the ability to sense check models eg.to estimate cashflows and credit exposure
• Understanding and use of PFE and credit VaR, stress testing
• Ability to effectively manage competing deadlines for projects in a high-pressure work environment

While being able to converse in other core European (French, German, Italian) is not required, it will certainly be beneficial in your application.

What we offer

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance-related salary increase – our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, and life experiences to apply.
• Grow as you progress through diverse career opportunities in international teams.
• Gain access to a wide range of training and development programmes.

We are committed to attracting a broader and more diverse pool of candidates. If this position doesn’t feel like the perfect fit for your qualifications right now, we’d still love to hear from you. Consider creating a profile in our Talent Community so we can keep you in mind for future opportunities that may align with your skills.

Shell in The United Kingdom

Shell UK remains one of the North Sea’s biggest producers, supplying around 10% of the UK’s total oil and gas needs. But perhaps the most recognisable face of Shell in the UK is our network of over 1,000 Shell-branded service stations.

In the years ahead, as the UK looks to strengthen energy security and deliver its 2050 net-zero goal, Shell UK aims to play a crucial role. We aim to be a major investor in the UK energy system by helping our customers decarbonise with a focus on transport and industry.