Quant Analyst

at  Shell Energy

WHAT WE NEED FROM YOU

The role will form part of the Gas and Power trading and business development network, acting as a focal point for commercial modelling between these teams. The incumbent will understand the end-to-end process flow of a trade lifecycle, and, through deep knowledge of the gas and power markets/business be part of a team to cater to structured, retail, and imbalance products across the Gas and Power spectrum.

The successful candidate would be required to:

• Be precise and execute flawlessly to maximise value captured.
• Significant experience in commercial /quantitative roles, specifically in the Gas and Power market, with a strong track record of performance.
• Prior work with widespread and diverse Gas and Power asset portfolio, including optimisation, automated operation, function, and trading across all European markets.
• An external focus, with expert knowledge of the market, and ability to quickly understand commercial opportunity, and its value drivers.
• A broad and agile, but precise thinker, capable of building trust and credibility
• This role requires an ability and willingness to quickly understand and act upon commercial opportunities, often under significant time pressure.
• Proactive approach and mind set to propose and drive improvement and changes.
• Sound understanding of credit, market and financial risk, and Life of a Deal.
• Experience and appreciation of purposeful collaboration
• Prioritisation skills, distinguishing between urgent, important, and essential.
• A “can do” attitude is a must.
• Stakeholder management: the role will engage with a large pool of stakeholders, with whom effective communications and relations are essential. These include:
• Gas and Power: GM / RTL / Traders
• Origination, Business Development
• Structuring

COMPANY DESCRIPTION

Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.

The primary accountabilities of the Quant Analyst are:

• Build pricing, modelling, and aid in automating execution across the Gas and Power space (Trading, Business Development and Origination), but with a lens across the entire Life of a Deal
• Direct key “pre- and post-trade” quant support for the desks for all sort of quant solutions, trading and hedging decision support, analytics, and pricing activities as well as tooling, creating UI/dashboards as business-as-usual (BAU) activities.
• Build all sort of bespoke quant models and methodologies for the Trading space as well as building blocks of models.
• Expertise and track record in forward curve modelling in power and gas as well as substantial understanding of fundamentals/drivers influencing the curve modelling.
• Standardize (and if necessary, refactor) them in the Quant Library and make them ready for deployment in available execution engines across SE-EA space as well as Ada++ complex valuation deal engines.
• Internal model documentation of mature quant models and making them ready for model validation.
• Build tactical solutions as well as support for the establishment of strategic (target state) solutions for EoD hPFCs as well as intraday curve and PnL positions to optimize real-time power and gas positions and pricing accordingly.
• Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
• Understand the gas and power deal funnel to appropriately prioritise new opportunities in the gas and power Trading space.
• Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making in Shell Energy.
• Partner with IT, Business Excellence / Commercial Delivery to select and implement (full lifecycle; scope, design, build test & deploy) new IT solutions and enhancements to existing IT solutions in readiness for new value propositions or enter new markets.
• Bring rigour/governance to the delivery structure and where feasible drive towards full automation

WHAT’S THE ROLE?

Reporting to the Trading Quant Lead this new position will be responsible for improving analytics and modelling to enhance commercial activities within the SE-EA Gas and Power trading portfolio. This role will focus on modelling pre-and post-trade capabilities, providing innovative solutions which can then be focused on structural solutions. Grow the gas and power business in the mentioned markets and make them a significant contributor to Shell Energy Europe & Africa (SE-EA) P&L.

The primary accountabilities of the Quant Analyst are:

• Build pricing, modelling, and aid in automating execution across the Gas and Power space (Trading, Business Development and Origination), but with a lens across the entire Life of a Deal
• Direct key “pre- and post-trade” quant support for the desks for all sort of quant solutions, trading and hedging decision support, analytics, and pricing activities as well as tooling, creating UI/dashboards as business-as-usual (BAU) activities.
• Build all sort of bespoke quant models and methodologies for the Trading space as well as building blocks of models.
• Expertise and track record in forward curve modelling in power and gas as well as substantial understanding of fundamentals/drivers influencing the curve modelling.
• Standardize (and if necessary, refactor) them in the Quant Library and make them ready for deployment in available execution engines across SE-EA space as well as Ada++ complex valuation deal engines.
• Internal model documentation of mature quant models and making them ready for model validation.
• Build tactical solutions as well as support for the establishment of strategic (target state) solutions for EoD hPFCs as well as intraday curve and PnL positions to optimize real-time power and gas positions and pricing accordingly.
• Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
• Understand the gas and power deal funnel to appropriately prioritise new opportunities in the gas and power Trading space.
• Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making in Shell Energy.
• Partner with IT, Business Excellence / Commercial Delivery to select and implement (full lifecycle; scope, design, build test & deploy) new IT solutions and enhancements to existing IT solutions in readiness for new value propositions or enter new markets.
• Bring rigour/governance to the delivery structure and where feasible drive towards full automation.