Energy Credit Structuring Lead | Remote/Hybrid

Shell; Houston (TX); On-site; USD 138,000 - 208,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k) plan

Paid vacation

Paid holidays

Parental leave

Short-term disability

Long-term disability

Remote work flexibility

Job summary

Shell is seeking a Commercial Credit Manager – Structured to join its team in Houston, TX. The role sits within Shell’s Trading & Supply Credit Risk organization and leads structuring, underwriting, and adjudication of complex energy credit transactions across the Americas.

You will oversee credit risk management, develop financial models, and design credit mitigants while partnering with Commercial, Trading, Finance, and Legal teams.

Qualifications

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer.
• MBA, CFA, or equivalent preferred.
• At least 5+ years of credit risk or structured finance experience in energy trading, investment banking, or a related sector.
• Proven ability to structure and execute complex structured or project-based transactions.
• Strong credit, market risk, and/or financial expertise, including counterparty analysis and risk mitigation structuring.
• Advanced financial modelling and analytical capability, including stress testing, scenario analysis, and exposure measurement.
• Deep knowledge of energy markets, trading documentation (ISDA/CSA), and/or structured credit transactions.
• Strong commercial judgment with a portfolio-wide view of risk and/or value creation.
• Credit risk frameworks including PFE, ECL, Credit VaR, and/or mark-to-market exposure.
• Structured and project finance, including due diligence and counterparty assessment.
• Energy markets, commodity drivers, volatility, and/or regulatory impacts.
• Experience in global, complex organizations with ability to influence stakeholders and manage competing priorities.

Responsibilities

• Lead credit structuring and risk assessment for complex, long-dated transactions across energy commodities and instruments, including power, gas, LNG, crude, refined products, and renewables
• Assess counterparty risk and structure credit for transactions, including leverage, liquidity, capital structure, and recovery analysis
• Develop and interpret financial models to evaluate exposure, liquidity risk, and risk-return outcomes
• Design and negotiate credit mitigants with the Americas Commercial Credit Managers (CCM), including collateral, guarantees, covenants, and margining structures and exit strategy scenarios
• Partner with Commercial, Trading, Finance, Market Risk, Legal portfolio CCMs to originate and structure transactions
• Prepare credit recommendations and present to senior stakeholders and credit committees
• Oversee portfolio performance, monitor exposures, and identify emerging risks and remediation strategies for Retail Aggregation portfolio
• Support Regional Head of Credit by managing one or more portfolios
• Lead focal for credit risk advisory for physical, financial and structured financing transactions across key areas of coverage
• Leads change projects both globally and regional to aid critical improvement agenda
• Acts as primary focal on credit risk management and strategy matters to key Risk, Commercial and Finance stakeholders (VPs, GM, RTLs, Desk heads) within Shell Trading and beyond
• Works under broad guidance and supervision by Manager for complex activities. Delivers the work as assigned, applying the work procedures, frameworks. Guidance provided for those tasks where there are limited precedents available
• Translates business opportunities (immediate and longer term) and ensures application of the right instruments to create solutions. This scope implies (contribution to) the creation of new approaches

Skills

Credit risk analysis

Structured finance

Counterparty assessment

Financial modelling

ISDA/CSA knowledge

Portfolio management

Stakeholder influence

Commercial judgment

Risk mitigation

Education

Bachelor's degree

MBA or CFA preferred

Job description

Shell is seeking a Commercial Credit Manager – Structured to join its team in Houston, TX. The role sits within Shell’s Trading & Supply Credit Risk organization and leads structuring, underwriting, and adjudication of complex energy credit transactions across the Americas.

You will oversee credit risk management, develop financial models, and design credit mitigants while partnering with Commercial, Trading, Finance, and Legal teams.