Quantitative Analyst CERT

Shell

Shell

IT
London, UK
Posted 6+ months ago
, United Kingdom


Job Family Group:

Trading Jobs


Worker Type:

Regular


Posting Start Date:

October 17, 2023


Business unit:

Downstream and Renewables


Experience Level:

Experienced Professionals


Job Description:

Shell leads the energy transition to more renewable energy generation and zero-carbon solutions in volatile power, gas and environmental products markets. Emission prices have been driven by the European decarbonization journey, supply/demand fundamentals, regulatory changes, and geopolitical events. The EU ETS is expected to continue to grow, as its scope extends to shipping and trade, while globally countries model new Emission Schemes after EU regulation. Climate policies are at the forefront of many discussions and the challenge will be to predict the market impact when commodity markets, trade and regulation come together. The team has a diverse background and promotes a learning environment. As carbon markets mature and market participants extend internationally, it is particularly important to continuously challenge existing assumptions.

Environmental Products Trading (EPT) operates in environmental product markets across the globe and has the following objectives:

Build Portfolios and Optimise: We leverage deep understanding of compliance and voluntary markets – and the connections between them – to capture opportunities across market mechanisms, geographies, methodologies, vintages, contract duration and type. We integrate perspectives from all demand sinks and supply sources in real time to take proprietary positions across the environmental value chain. This leads us to build portfolios that warehouse significant optionality, structure and risk, with the objective of optimizing returns. Risk Manage, Develop Structure, Take Positions: We warehouse risk – price, volume, credit, liquidity, reputation, technical, quality, operational, regulatory to name several – and pursue diversification & mitigation of these in our portfolio construction, structure development and option creation. This informs our proprietary position take, leading us to capture outright price movements from intraday through to multiple years. Manage External Relationships: We are experienced in building long lasting relationships with third parties, from ideation through to start up and into material production or offtake. We are proficient in connecting the financing, commercial terms, operations, systems and platforms that enable sustained delivery, continuously refining these in the pursuit of efficiencies and scale. Agility: We anticipate new products and opportunities, pivot quickly and build positions ahead of market evolution. As examples: adapting to new restrictions, reinventing business models, commercializing emergent technologies and interpreting regulatory changes in and across the markets we participate in.

What’s the role?

The Quantitative Analyst will focus on supporting the Regulated Environment Products portfolio for Shell Trading. Skills in applied mathematics, statistics, and programming will allow to evaluate price behaviour and build trading strategies. The individual will closely engage with Traders, supplementing the strong fundamental skillset on the desk. Further, the individual will support risk management tools, enhance long-term deal analytics, and develop new trade ideas.

Responsibilities:

  • Develop quantitative trading strategies and enhance existing trading signals

  • Maintain intraday risk management tools

  • Contribute ideas and analysis to improve risk management

  • Build long term deal analytics for structured products

  • Closely follow carbon markets and provide adhoc quantitative analysis on price moves

  • Run backtests on fundamental trading ideas

  • Maintain and control data infrastructure

  • Closely cooperate with Gas, Power and the Systematic Trading desk to understand trends and exchange market insight/ technologies

  • Closely cooperate with other Environmental Products Desks (Americas, Asia)

  • Support the team in developing Junior Talent

What we need from you

The role will require in-depth knowledge of data science, quantitative analytics, and stochastic modelling. Experience is required in model validation, data visualization and programming. A commercial mindset will ease the strong collaboration with Traders. Strong problem-solving skills are required to tackle frequent ad hoc analysis. A successful candidate will benefit from understanding how commodity markets ultimately come together under climate policies, difference in such between jurisdiction, and strategies and technologies for net-zero.

Qualifications:

  • Bachelor's degree/ Master’s degree in Mathematics, Economics, Engineering, Computer Science or an equivalent combination of experience and education.

  • Strong communication skills (oral and written) and strong programming skills (python 3)

  • Strong mathematical and analytical skills

  • Strong technical abilities and interest in development of computer science, stochastic modelling, and artificial intelligence

  • Solid data analysis skillset including knowledge on data access tools (SQL, non-SQL, file systems and blob stores), cloud technologies (AWS, Azure or other) and data visualization (streamlit, powerbi, tableau)

  • Fair understanding of Financial Derivatives incl. fundamental knowledge on Option Risk, Pricing and Modelling

  • Knowledge on more mature financial markets (FX, Rates) of benefit

  • Experience in Software Development Packages and Source Control Technologies (Git, GitHub or Azure Devops) of benefit

  • Self-starter, Learner Mindset, Ability to work independently

If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they don’t feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.

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.

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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DISCLAIMER:

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.