Senior Market Risk Analyst - Power

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

Job summary

A leading energy company in London is seeking a Market Risk Analyst to manage market risks in power trading, collaborating with teams to ensure compliance with risk limits. The ideal candidate will have a degree in a relevant field and significant market risk experience. The role requires strong analytical skills and proficiency in Python and SQL, along with excellent communication abilities. This position offers competitive compensation and opportunities for career development.

Benefits

Industry-leading development programs

Collaborative environment

Global opportunities

Qualifications

• Significant Power market risk experience with solid understanding of market risk fundamentals.
• Knowledge of non-linear products, tolling agreements, renewable power.
• Ability to perform under tight deadlines and pressure.

Responsibilities

• Develop a close relationship with the European power trading business.
• Manage risk identification of model/portfolio assumptions.
• Support internal/external audits.

Skills

Power market risk experience

Strong analytical skills

Technological skills / coding knowledge (Python, SQL)

Excellent communication skills

Creative problem-solving skills

Education

Degree in mathematics, economics, engineering, science, or related field

Tools

Endur ETRM

Job description

, United Kingdom

Job Family Group:
Finance

Worker Type:
Regular

Posting Start Date:
August 26, 2025

Business unit:
Finance

Experience Level:
Experienced Professionals

Job Description:

What's the role?

In this position, you will have several key responsibilities which will include:

• Develop a close relationship with the European power trading business to support new deals and appraise trading activities to ensure mandated exposure and risk limits are adhered to.
• Use knowledge of European power markets to manage risk identification of model/portfolio assumptions, and market inputs.
• Collaborate with commercial quantitative teams to progress future pricing, valuation and risk models.
• Play a key role in developing the risk frameworks for illiquid, structured and complex products and liaise with the wider Market Risk function and commercial stakeholders to enact.
• Provide Market Risk input on new and group business proposals as they relate to the business. Assess the risks associated with complex structured deals and the valuation/payoff models used for physical/financial trading and hedging, working to calibrate performance parameters of such deals (e.g., batteries, dispatch assets, toll structures, optionality).
• Lead the execution of key controls for the business area and collaborate with other functions to ensure continuous improvement of controls/processes.
• Ensure Risk leadership is kept informed of notable position and market movements.
• Provide independent advice and guidance on the level of risk/return in the business and whether this aligns with the company's risk appetite.
• Performance reporting for management, including trading strategy P&L performance, net imbalance volume analysis, forecast accuracy, limit monitoring, and fundamental analysis.
• Act as a representative for Market Risk on strategic power projects.
• Develop tools for ongoing portfolio reviews and produce in-depth analysis for senior management.
• Drive understanding of methodologies to assess risk/reward, including VaR back-testing, stress testing, and scenario analysis.
• Refine the fair economic valuation approach for power deals, considering imbalance, shape, and liquidity risks, and provide guidance on market risk reserves.
• Collaborate with support functions (e.g., Finance, Technical Accounting) for deal support and portfolio queries.
• Support internal/external audits.
• Mentor junior team members.

What we need from you

We're keen to see as many of the following attributes on your CV:

• Degree in mathematics, economics, engineering, science, or a related field.
• Significant Power market risk experience with a solid understanding of market risk fundamentals (P&L, exposure, VaR, stress testing) and modeling concepts.
• Knowledge of non-linear products (e.g., options), tolling agreements, renewable power, and certificates (GoOs, REGOs).
• Cross-commodity market fundamentals knowledge.
• Competent in assessing trading valuations, including critiquing model calibration and parameters.
• Ability to multi-task with high attention to detail and accuracy.
• Understanding of Fair Value and derivative recognition concepts.
• Endur ETRM knowledge is preferred; experience with ETRM migrations is a plus.
• Strong business analysis, modeling, and problem-solving skills.
• Ability to lead multi-stakeholder projects while ensuring risk controls.
• Technological skills / coding knowledge (Python, SQL).
• Ability to perform under tight deadlines and pressure.
• A self-motivated team player capable of remote work within a global team.
• Creative problem-solving skills.
• Excellent communication and interpersonal skills.

If you don't meet every requirement, we still encourage you to apply. We are committed to diversity and inclusion and welcome applicants of all backgrounds.

About Shell UK

Shell is a global energy company striving to meet the world's energy needs responsibly. It operates in over 70 countries and aims to become a net-zero emissions energy business by 2050. Shell UK has committed to investing heavily in low and zero-carbon energy solutions, including offshore wind, hydrogen, and electric mobility, supporting the UK's energy transition and economic growth.

Our people are our greatest asset. We offer industry-leading development programs, fostering innovation and career growth. Shell plays a key role in the UK's energy future, utilizing innovative technologies for cleaner energy.

An innovative place to work

Join us and contribute your talent to a business shaping the future of energy—through renewables, storage solutions, and technological innovation.

An inclusive place to work

We promote diversity and inclusion through transparent recruitment, support for disabilities, gender equality initiatives, and flexible working arrangements.

A rewarding place to work

Enjoy a collaborative environment, global opportunities, and a range of benefits. We support your career development, encouraging new roles and skill-building to help you reach your potential.

DISCLAIMER:

We reserve the right to amend or withdraw jobs at any time. Please read our data protection policy before applying. We do not ask for fees at any stage of the recruitment process. Shell is an Equal Opportunity Employer.