It is recognised that the size and complexity of Shell Trading & Supply (T&S) has increased substantially over the past few years and the expectations around risk management from a regulatory perspective have also shifted for Energy Trading, for example, with the FCA’s Senior Managers and Certification Regime (SMCR) applying in the UK from December 2019. As a result, and also recognising the potential to unlock additional value from enhanced risk management of our trading activities, a strategic decision has been made to make a major multi-year investment to strengthen the risk management capabilities of the organisation from a people, process, data and systems perspective in both the first and second lines of defence. A Chief Risk Officer (CRO) was brought into the organisation in March 2020 who is leading the efforts for the second line of defence.
The new Credit Stress Test and Potential Exposure team (referred to as the PFE team) focuses on the delivery of regular and ad hoc risk reporting and portfolio analytics to the commercial teams, the risk management teams and various other stakeholders such as the T&S Leadership Team (TSLT), Shell Executive Committee (EC) and the production of risk information which will flow into external financial reporting. The PFE team partners closely with the Credit team, other Market Risk teams and Shell IT to contribute to the planning and delivery of risk systems/IT change projects.
The Quantitative Credit Risk Analytics based in Singapore will focus on the provision of Potential Future Exposure (PFE), Expected Credit Loss (ECL) and certain elements of Credit Value Adjustment (CVA) analysis for the Asian and European businesses.
What's the role?
Successful candidate will be accountable for the following:
What we need from you:
We are keen to hear from candidates who have prior quantitative risk analytics experience, a desire to work in the commodity markets in which Trading & Supply (T&S) operates (e.g. Gas, Power, Emissions, LNG or Oil) and the quantitative risk methods commonly used, including how to apply them and where a simpler approximation might be suitable.
Beyond that, we’d hope to see as many of the following on your CV:
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 do not 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.
Flexible working:
We are keen to support flexible working arrangements, subject to local regulations and legislative frameworks. If this is of interest to you, please describe in your application the type of flexible working arrangements for which you would like to be considered (e.g., part-time, job share).
About Shell in Singapore:
Shell is an international energy company that uses advanced technologies and takes an innovative approach to help build a sustainable energy future. Here in Singapore, Shell has a long history and is one of the country’s largest foreign investors. It has businesses spanning trading and marketing of liquefied natural gas; refining, trading, marketing and shipping of oil products, lubricants and chemicals; low carbon solutions; and operating a network of service stations through retailers, as well as electric vehicles charging.
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.
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.
For further information, and to apply, please visit our website via the “Apply” button below.