Gas Market Risk Manager

Shell plc; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading energy company is seeking a Market Risk Professional in London. This role involves working closely with the gas trading organization to identify, measure, and report risks related to new business proposals and trading conditions. Responsibilities include strategy support, compliance with risk measures, and stakeholder management. Ideal candidates will possess strong analytical skills and experience in market risk in financial or energy sectors, ensuring effective collaboration across teams.

Qualifications

• Experience in market risk roles within the financial or energy sectors is essential.
• Ability to manage relationships with senior stakeholders effectively.
• Strong analytical skills and experience with risk assessment methodologies.

Responsibilities

• Develop partnerships with gas trading leadership to support new deals.
• Ensure compliance with mandated exposure and risk limits.
• Lead market risk committees and support commercial teams.

Skills

Risk Management

Market Analysis

Stakeholder Management

Scenario Analysis

Education

Relevant Degree in Finance or Economics

Tools

SOX Compliance

Quantitative Analytics Tools

Job description

Shell Energy is at the heart of delivering Shell’s ambition to become a world‑class investment case that powers progress by providing a diverse array of cleaner energy solutions. Shell Energy is an exciting, fast‑moving business – and a key driver in being able to fulfil that ambition.

The Market Risk professional will be based in London, working closely with the trading organization. The Gas Market Risk Team is responsible for understanding the European gas markets, and trading strategies employed by SE‑EA gas as well as being able to model the various complexities and optionality within the gas portfolio. The purpose of the role is to independently identify, measure, and report on the level of risk from new business proposals, material contracts, and trading market conditions in order to advise the commercial teams on mitigation strategies and risk appetite. The role will provide risk assessments and insights to senior management while collaborating with and providing market‑specific information and advice to others in the global Finance and Risk Management organization. The Gas Market Risk Team will provide an independent view as to whether the organization is receiving appropriate compensation for the risk they are taking.

The role works closely with risk leads for all parts of the risk management spectrum, as well as Front Office, Finance, Valuation, Compliance, and Back Office.

Responsibilities

• Develop a close partnership with the gas trading leadership for both the European and Nigerian trading businesses to support new deals and appraise trading activities to ensure adherence to mandated exposure and risk limits.
• A focal point for Market Risk queries for the natural gas portfolio from senior stakeholders (VPs/GMs)
• Ensure timely and accurate execution of SOX and key non‑SOX controls for the business area, and collaborate with other functions to ensure continuous improvement of controls/processes.
• Attract, develop, and retain top talent within the team; provide opportunities for individual development and promote continuous professional development and timely training for risk professionals.
• Introduction of pro‑active risk measures such as: scenario analysis, stress testing, and ‘what if’ modelling
• Lead commodity focused Market Risk Committees/meetings with Commercial teams and supporting functions.
• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimisation of physical portfolios changes exposures.
• Actively manage resources and processes to optimise the efficient analysis of risk across the portfolio, manage change, and prioritise accordingly.
• Accelerate digitalisation and automation to smooth the flow of information across the business and to remove manual tasks.
• Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite.
• A focal point for Internal and External Audit queries
• Promote collaboration across Market Risk Operations (London) and Finance Operations (Chennai) teams.
• Continue to develop fair economic value (FEV) principles, whilst ensuring consistency with the global T&S Risk Management policies.

Shell is an Equal Opportunity Employer.