Details: Shell Downstream encompasses all the activities necessary to transform crude oil into petroleum products and petrochemicals, and deliver them around the world. Our Downstream businesses refine, supply, trade and ship crude oil worldwide, and manufacture, transport and market fuels, lubricants, bitumen, LPG and bulk petrochemicals for domestic, transportation and industrial uses. Altogether, the organisation employs some 65,000 people in around 100 counties. Shell Trading supports the Shell businesses by trading natural gas, electrical power, crude oil, refined products, chemical feedstocks and environmental products, and managing the Group’s shipping activities. We sell crude oil to a wide range of customers within and outside the Shell group, and are active in most of the major crude oil markets. Our 50 years’ experience in the natural gas industry makes us one of the world’s most experienced marketers, with a supply portfolio that includes the largest equity share of liquefied natural gas (LNG) of any international oil company. At Shell our commitment is to satisfy the world’s need for energy with economically, socially and environmentally responsible solutions. We seek a high standard of performance, and understand that great ideas can change the world. If you want to work with a group of creative, ambitious and innovative professionals then you should consider Shell. We will provide you with the resources to put your ideas into action, worldwide opportunities to advance your career, and outstanding benefits and rewards that support your quality of life. Join us and let’s make a real difference together. Responsibilities : Report and explain PnL movements, mark-to-market, positions and value-at-risk (VaR), including stress testing, on a daily basis for oil trading desks with reference to prices, correlations and position changes Understand key price indices used by the desk and the construction of forward curves. Maintain and evaluate quantitative market data including price series (from brokers, 3rd parties and trader assessments), volatilities, correlations and volumes Understand trading account structure and exposures and P&L generated by the transaction types in the book. Provide monthly analysis of the gains & losses resulting from trading strategies employed by the desk Provide ad hoc analysis for queries relating to impact of new deals, P&L, positions and/or value-at-risk using trade systems and P&L reporting tools Monitor exposure limits daily within the Trading Control framework and Manual of Authorities Ensure traders enter deals accurately and in a timely manner and that commitments and exposures are entered in the trading system in line with the contract. Develop suitable exposure measurement and reporting methodologies for new product and structured contract offerings Provide validation of P&L including cost accruals & provisions, ensure forward parcels are appropriately valued and provide input into quarterly financial close processes and annual disclosure requirements Serve as backup analyst for other Crude and Product books and be available for short-term projects Promote and ensure accurate reporting to external pricing agencies and daily entry of prices into the trading system Liaise with other Risk Analysts globally to ensure consistency of approach, particularly across similar trading books Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies
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