, India
Job Family Group: Finance
Worker Type: Regular
Posting Start Date:
Business unit: Finance
Experience Level: Experienced Professionals
:
Job Purpose
Shell Trading and Supply is the world's largest energy trading business and operates in every major energy market around the world. It supports the Shell group businesses by trading natural gas, electrical power, crude oil, refined products, biofuels, chemical feedstocks, freight, and environmental products. Shell Trading and Supply also manages one of the world's largest fleets of liquefied natural gas carriers and oil tankers and provides maritime expertise and logistics to Shell companies and external customers. Our aim is to create value for Shell's shareholders, customers and counterparties across the globe by forging successful partnerships that generate mutually beneficial commercial opportunities.
Market Risk: The Market Risk department is a specialized unit in Finance Operations that operates in the Chennai and Manila centers. The team has front line responsibility for risk measurement; deal valuation, exposure reporting and price validation. The department pulls together a range of expert skills that ensure accurate and timely reporting, and allow us to offer professional advice on the wide range of issues that the department gets involved in. We are interested in attracting people to our business who share our core working values of honesty, integrity and respect for others. We also want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork.
Market Risk Chennai: The Market Risk department in Chennai is an exciting and growing team in Finance Operations. The team has been continuously absorbing newly migrated activities over the last seven years with continued growth and more complex work will continue to be absorbed into the teams.
The Model Validation team is responsible for providing assurance activities on models owned by Risk and used within the trading books, the Model Validation Analyst reports to the Global Process Manager Market Risk. The candidate will need to be comfortable with working independently with limited supervision at times, and be able to thrive as part of a global team with members in the US, UK, Netherlands, India and Singapore.
The purpose of the role is to independently validate the models used by the Risk organization for the quantification of risks that are present within the trading portfolios. These models include VaR, stress testing, liquidity analysis, options, and the models used to value physical assets such as storage, pipelines and transmissions. The longer term goal is to provide an independent validation service for the models used by Front Office teams in their day to day work and for assessing new businesses.
The role also involves collaborating with and providing advice to others in the global Risk organization. This includes Market Risk Managers, Valuation, Quantitative Analytics, Operational Risk and Risk Management Operations.
The role works closely with other teams in the trading business with regular discussions with Front Office, Finance, Compliance and Back Office, and a focal point for model related queries from across the Shell group.
Responsibilities
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