Market Risk Project Manager

The Role

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. 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 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.

This role, reporting to the Head of Market Risk Transformation for Energy, is tasked with helping to design, administer, and implement the Market Risk transformation programmes for the gas, power, renewables, and environmental products portfolios for Shell Energy. These programmes will include investments in analytical and reporting tools available to risk managers as well as “softer” elements such as helping to identify and fill capability gaps in teams, improving the relevance and effectiveness of risk meetings, rationalizing risk policies, managing stakeholders, and other “pillars” of the Market Risk Transformation programme. Ultimately, our objective is to help the organization improve its decision making by improving risk/reward analyses and providing educated challenge and value-added insight to the commercial organizations and senior management.

What's the role?

This role will be accountable for the following:

• Help build the requirements defined by the Risk SME’s and drive project execution on their behalf. This will span across the full spectrum of changes from small enhancements to the delivery of more significant IT investment
• Administer the various global Market Risk transformation programmes for the gas, power, renewables, and environmental products portfolios for Shell Energy
• Prepare slide decks for senior management and programme SteerCo and DRB forums.
• Ensure timely delivery by focusing on stakeholder management and project delivery through Market Risk, IT, Commercial, and Business Integration Assurance (BIA) resources
• Help ensure that project administration will be tailored for the scope and complexity of the project, not “one size fits all”. Generally, this administration accountability will include ensuring projects stay on track and on budget and will cover scope, schedule, finance, risk, quality and resources
• Identify opportunities for the automation of day-to-day activity, the transfer of certain activities to the Business Integration and Assurance organization, the transfer of certain activities to Finance Operations and the identification of activities that should be considered for transfer from Finance Operations back to the onshore teams
• Provide advice and guidance to the First Line of Defence teams on the implementation of market risk capabilities
• Work closely with Transformation Change and Engage lead to ensure robust communication and socialization of Market Risk projects with all stakeholders

Dimensions

This role relates to Trading and Supply. Business stakeholders are primarily located in London, Houston, and Singapore, with additional commercial and functional stakeholders in other global T&S locations.

What we need from you?

We are looking for an experienced Market Risk practitioner, preferably in an energy trading environment with the following skills and qualifications touched by their work experience:

• Track record of successfully leading (or meaningfully contributing to) large improvement projects covering the span of initiate, planning, executing, monitoring/controlling, and close out phases.
• Working knowledge of project management tools such as Microsoft Project or comparable.
• Demonstrated ability of applying energy trading knowledge in a project management function. Should have a firm understanding of gas, power, renewables, and environmental products trading. Should understand market risk concepts, including P&L, exposures, reserves management, stress testing, VaR concepts, and complex modeling.
• Experience in leading projects using a variety of methodologies, e.g., Agile, Scrum, Waterfall, Kanban.
• Familiarity with project managing new ETRM implementations and/or interfacing with IT stakeholders to ensure successful project development would be a distinct advantage.
• Experience project managing initiatives to automate manual processes or decommission unused applications/processes/reports.
• Proven ability to manage and deliver through others, working with people from different cultural backgrounds and in a virtual, global environment.
• Strong communication skills, confidence to speak up and challenge plus ability to form effective relationships with stakeholders across Commercial, Risk, IT, the broader Finance organisation, and other support functions.
• Proven ability to manage multiple senior (and other) stakeholders.
• Experience with QlikSense, QlikView, Tableau, Spotfire or comparable analytics platform in a risk reporting application is desirable.

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.

About Shell UK

Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world’s largest independent energy companies, operating in more than 70 countries.

Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.

In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.

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 one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.

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.

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.

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