Model Validation - Specialist

Shell; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in energy transition is seeking an experienced analyst in London. This role focuses on financial model validation and risk management in the energy sector. Candidates should possess a strong background in financial mathematics and data analysis, along with relevant academic qualifications. Join a dynamic team that promotes integrity, respect, and diversity while tackling key energy challenges.

Benefits

Flexible working

Competitive salary

Parental leave

Career development opportunities

Qualifications

• Experience in risk management within the energy industry preferred.
• Certifications like CQF, ERP, FRM are advantageous.
• Proficiency with analytical visualization tools.

Responsibilities

• Participate in model validation for financial portfolios.
• Engage with stakeholders within RMF and commercial teams.
• Analyze and maintain model validation policy.

Skills

Advanced financial mathematics

Data analysis techniques

Effective communication

Critical thinking

Education

Bachelor’s or higher degree in business administration, finance, economics, mathematics, engineering, or information systems

Tools

Microsoft Office

SQL

Python

R

SAS

MATLAB

Job description

United Kingdom

Job Family Group: Finance

Worker Type: Regular

Posting Start Date: June 2, 2025

Business unit: Finance

Experience Level: Experienced Professionals

Job Description:

What you’ll be doing

The candidate will participate in the assignment of the Group validating models used in valuation and risk measurement of financial portfolios, assets, and instruments, as well as the formulation of input and output information from the global energy markets. The position is based in London, Houston, Singapore, or Bangalore.

The analyst bridges seven areas:

1. Assessment that a model is “fit for purpose”
2. Analysis of model algorithms applying validation techniques, including challenger models internally built or externally procured
3. Review of the process underlying a model, including inputs and outputs flows
4. Determination of adjustments to models to mitigate weaknesses
5. Maintenance and extension of the Model Validation policy
6. Inventory of models used within the Risk Management Function (RMF) and externally as requested
7. Collection of code and documentation for successive model versions

The activities involve professionals at three levels:

1. The Senior Analyst investigates conceptual underpinnings and audits embedded algorithms for limitations and remediations.
2. The Engineer considers application cases, formulates test scripts, and verifies input and output appropriateness.
3. The Junior Analyst compiles model information and executes test scripts.

Engagement with external stakeholders is significant, involving groups within RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management, and others, as well as interface with commercial traders, originators, structurers, and IT departments.

The role also includes educational activities benefiting RMF and the firm.

The skills required include:

• Advanced financial mathematics for valuation and risk measurement of exotic derivatives and assets like natural gas, oil storage, LNG, freight cargos, etc.
• Industry experience in structuring and balancing deals and portfolios with proper input selection.
• Proficiency in analyzing code, building challenger models, and transforming algorithms.
• Data analysis techniques for data extraction, transformation, and interfacing from corporate systems.
• Effective communication of model implications to management and technical teams.

What you bring

• Bachelor’s or higher degree in business administration, finance, economics, mathematics, engineering, or information systems (Master’s or PhD preferred for certain levels).
• Knowledge of energy markets, natural gas, power, emissions, oil, LNG.
• Experience in risk management within the energy industry is preferred.
• Certifications like CQF, ERP, FRM are advantageous.
• Critical thinking, problem-solving, analytical skills, and attention to detail.
• Ability to multitask, work in teams, and communicate complex ideas effectively.
• Proficiency with Microsoft Office, SharePoint, Teams, SQL, VBA, C#, Python, R, MATLAB, SAS, and analytical visualization tools.
• Experience with energy trading systems and cloud platforms like Azure and AWS.

What we offer

You will work with talented, committed colleagues on key energy transition challenges, developing skills in a values-driven environment that promotes honesty, integrity, and respect. Benefits include flexible working, competitive salary, parental leave, diversity and inclusion initiatives, and career development opportunities.

Shell aims to be a diverse and inclusive company and encourages candidates from all backgrounds to apply.

Shell UK remains a major energy producer in the North Sea and is committed to supporting the UK’s energy security and net-zero goals, investing in decarbonization efforts.

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DISCLAIMER:

Please note: Shell reserves the right to amend or withdraw jobs at any time. Read our data protection policy before applying. Shell does not ask for fees during the application process. Shell is an Equal Opportunity Employer.