Quant Analyst at Shell

Job Description:

What’s the role

• 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 Energy Europe & Africa (SE-EA) sells and actively trades energy related products and services associated with European natural gas, power, and environmental products. SE-EA was created in 2009 through the combination of Shell’s marketing and trading companies in Europe.  SE-EA is part of Shell Energy which is the commercial heart of the Integrated Gas Business and aligns all Energy Trading activity throughout the world. 
• Shell Energy Europe & Africa (SE-EA) is part of Shell Trading & Supply organisation with a focus on European gas and power markets, and global emissions market. The European gas and power business is a highly dynamic and challenging environment, which requires SE-EA to continuously find new CVPs for its suppliers and customers to be able to grow its portfolio. This role will be part of European Gas and Power commercial business team located in London.
• This role would work closely with the Gas and Power Trading, Structuring, and BD Team, to handle physical and financial structured products.

What you’ll be doing

The primary accountabilities of the Quant Analyst are:

• Build pricing, modelling, and aid in automating execution across the Gas and Power space (Trading, Business Development and Origination), but with a lens across the entire Life of a Deal
• Direct key “pre- and post-trade” quant support for the desks for all sort of quant solutions, trading and hedging decision support, analytics, and pricing activities as well as tooling, creating UI/dashboards as business-as-usual (BAU) activities.
• Build all sort of bespoke quant models and methodologies for the Trading space as well as building blocks of models.
• Standardize (and if necessary, refactor) them in the Quant Library and make them ready for deployment in available execution engines across SE-EA space as well as Ada++ complex valuation deal engines.
• Internal model documentation of mature quant models and making them ready for model validation.
• Build tactical solutions as well as support for the establishment of strategic (target state) solutions for EoD hPFCs as well as intraday curve and PnL positions to optimize real-time power and gas positions and pricing accordingly.
• Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
• Understand the gas and power deal funnel to appropriately prioritise new opportunities in the gas and power Trading space.
• Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making in Shell Energy.
• Partner with IT, Business Excellence / Commercial Delivery to select and implement (full lifecycle; scope, design, build test & deploy) new IT solutions and enhancements to existing IT solutions in readiness for new value propositions or enter new markets.
• Bring rigour/governance to the delivery structure and where feasible drive towards full automation.
• Reporting to the Trading Quant Lead this new position will be responsible for improving analytics and modelling to enhance commercial activities within the SE-EA Gas and Power trading portfolio. This role will focus on modelling pre-and post-trade capabilities, providing innovative solutions which can then be focused on structural solutions. Grow the gas and power business in the mentioned markets and make them a significant contributor to Shell Energy Europe & Africa (SE-EA) P&L
• The role will form part of the Gas and Power trading and business development network, acting as a focal point for commercial modelling between these teams. The incumbent will understand the end-to-end process flow of a trade lifecycle, and, through deep knowledge of the gas and power markets/business be part of a team to cater to structured, retail, and imbalance products across the Gas and Power spectrum.

What you bring

We are keen to hear from candidates with the following:

• Significant experience in commercial /quantitative roles, specifically in the Gas and Power market, with a strong track record of performance.
• Prior work with widespread and diverse Gas and Power asset portfolio, including optimisation, automated operation, function, and trading across all European markets.
• Certificate in Quantitative Finance (CQF) is desirable
• An external focus, with expert knowledge of the market, and ability to quickly understand commercial opportunity, and its value drivers.
• A broad and agile, but precise thinker, capable of building trust and credibility
• This role requires an ability and willingness to quickly understand and act upon commercial opportunities, often under significant time pressure.
• Proactive approach and mind set to propose and drive improvement and changes.
• Sound understanding of credit, market and financial risk, and Life of a Deal.
• Experience and appreciation of purposeful collaboration
• Prioritisation skills, distinguishing between urgent, important, and essential.
• A “can do” attitude is a must.
• Stakeholder management: the role will engage with a large pool of stakeholders, with whom effective communications and relations are essential. These include:
  • Gas and Power: GM / RTL / Traders
  • Origination, Business Development
  • Structuring

• Written and spoken language skills in following languages as an advantage: Spanish, German, Dutch or Italian