Shell Hiring for Risk Analyst Job at Brisbane Full Time

What’s the role?

The Risk Analyst will support the Group Finance team in the identification, analysis, reporting and management of various risks faced by the business. These risks primarily relate to market and credit risk matters across a range of commodities and commodity derivatives, primarily electricity and emissions scheme certificates. This role is also responsible for assisting in preserving the integrity of good corporate governance through establishment, maintenance and monitoring of a strong internal control environment.

Some of the key deliverables and responsibilities for this role are as follows:

• Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including VaR back-testing/Stress Testing/Scenario Analysis/Pricing for liquidity;

• Risk Reporting: The independent reporting and monitoring of risk exposures against Board approved policy limits, together with reporting of various other trading and risk related matters, is one of the core activities of the Risk Management team;

• Market Data Management: Retail systems require up to date wholesale market information, primarily comprising various commodity spot, forward prices and Greek statistics. This information is used for a variety of purposes such as inputs to forward curves, derivative valuation calculations, settlement calculations, a range of statistical risk metrics (e.g. EaR) and liquidity modelling;

• Developing Risk reporting models, tools and systems to meet evolving business requirements;

• Delivery and maintenance of Forward Curve models for both Risk and Finance models;

• Verification of counterparty Credit Calculation or Calculation of Credit Requirements when ERM is the calculation agent;

• Administration Management of Retail systems, including testing new features, rolling out updates, user permissions and notifications;

• Verification of Contracts: The Risk Analyst is responsible for ensuring the completeness, validity and accuracy of various commodity derivative deals captured in the trading systems. This is done by checking the deal details in the system against the deal tickets sent by the traders when new deals are created;

• Verification of Futures Broker Statements: Retail conducts trading activity of electricity future and option contracts on the ASX, executed via brokers. The brokers send daily statements with details of transactions conducted during the day, together with the latest market value of the open positions.

• Month End reporting: Apply specific accounting treatments onto the valuation numbers prior to present them for financial reporting purposes. The Risk Analyst is responsible to aggregate the hedge positions and retail sales data, value them using derived market available forward curves and provide them to the Finance team;

• Policy management: The Risk Analyst will assist the Risk Manager in maintaining the various components of Retail Risk Management Policy as required, together with assisting in ensuring compliance with those policy matters related to market and credit risk management and reporting.

• Assist with automating any identified settlements processes to make efficiency gains; and

• Maintain and update control documentation and procedure notes in relation to the above.

What we need from you?

To be considered for this role you will have:

• Demonstrated experience in Financial Market Risk Management preferably in the Energy or Oil & Gas industry;

• Experience in calculation, analysis, and interpretation of Value at Risk (VaR), Effective Annual Rate (EaR) and other statistical metrics with a view to providing a detailed commentary on the implications on portfolio;

• Demonstrated hands on analyst with excellent skills and experience in MS Excel, SQL, R, Python, VBA and Power Queries;

• Experience in supporting a Financial Market Risk-related project is an advantage;

• Demonstrated strong communication skills, both written and verbal;

• Must be a team player with a positive attitude;

• Possess a high attention to detail and is proactive.

The successful candidate should be an Australian Citizen or Permanent Resident. Aboriginal candidates are strongly encouraged to apply. At Shell we believe that every individual has something valuable to offer. We understand that the more diverse the workforce, the wider the variety of ideas we bring to the table.

We are keen to support flexible working arrangements, subject to local regulations and legislative frameworks. If this is of interest to you, please describe in your application the type of flexible working arrangements for which you would like to be considered.

Company description

Shell Australia is a leading natural gas producer, and we are playing our part in the transition to a low-carbon future by also investing in the power sector, renewable energy sources and carbon abatement activities. A Shell career offers opportunities to work on innovative projects such as the Prelude floating LNG facility offshore of Western Australia and the QGC onshore gas business in Queensland. Beyond these are a wide range of Shell’s New Energies development opportunities. Join Shell and let’s power progress together with more and cleaner energy solutions.

An innovative place to work

There’s never been a more exciting time to work at Shell.

Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future – whether by investing in oil, gas and renewable energy to meet demand, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

An inclusive place to work

To power progress, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

• We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.

• We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.

• We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

• We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

A rewarding place to work

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.

We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

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