Quant Analyst



London, UK
Posted on Thursday, June 20, 2024

Where you fit in

Shell aims to significantly reduce its Carbon footprint and has recently raised its ambitions to be a net-zero emissions energy business by 2050 or sooner. Renewables & Energy Solutions (RES) and Shell Energy Trading (SET) have jointly developed an Integrated Power+ Strategy that will enable Shell ambitions in reducing its Carbon footprint and in becoming the leading Energy player in the World.

As an integral part of the Integrated Power+ Strategy, SET and RES have the ambition to substantially grow its European B2B Gas and Power and lower carbon solutions business across European countries.

This is an exciting time to join the European team as we embark on a new strategic phase, launching our new Purpose and Vision and a huge program of work, with goals and objectives set to direct the business for the next five years. RES & SET believe in creating an inclusive culture and work environment where you can thrive, innovate, and develop; but most of all be yourself.

As a Quant Analyst, you will contribute to the growth ambitions in capturing more and new opportunities in the B2B power markets, whilst monitoring and managing its performance.

This role will be at the forefront of building and maintaining power pricing models for RES B2B sales portfolio, providing interface to Shell Energy Europe & Africa (SE-EA) traders, RES supply and portfolio and local pricing teams.

This role will be based in London and part of the commercial quant team at SE-EA.

What’s the role?

Reporting to the Trading Quant Lead this new position will be responsible for improving analytics, pricing, and modelling to enhance commercial activities in the B2B space. This role will focus on modelling pre-and post-trade capabilities, providing innovative solutions which can then be focused on structural solutions, and grow of the B2B business.

The business has the ambition to develop and build a solid B2B customers portfolio across all European country operations. The primary accountabilities of the Quant Analyst are:

  • Build bespoke pricing models.
  • Build bespoke shape/exposure hedge models.
  • Bespoke risk premia modelling.
  • Deployment and automation of developed models.
  • Continuous back-testing and parameter calibration.
  • Profile pricing.
  • Continuous maintenance of models and updates/improvements such as keeping it in sync with the quant library.
  • Develop and implement hourly MC simulation / N-Factor model with different peak base spreads and monthly shapes to improve pricings.
  • Imbalance cost modelling for full supply (esp. with behind the meter solar or battery etc.)
  • Internal model documentation of mature quant models and making them ready for model validation.
  • hPFC and Forward curve modelling (bid-mid-offer).
  • Bespoke modelling of at-risk metrices (scaled VaR, etc.).
  • Working closely with the Local Pricing / DS team on daily basis to structure optimal deals, while challenging assumptions and suggesting alternative solutions.
  • Breaking down and defining standard and non-standard offerings and providing valuation for respective buckets.
  • Identifying and quantifying the market realities, embedded optionality, and risks inherent in the transactions initiated by the Deal Makers.
  • Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
  • 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 rigor/governance to the delivery structure and where feasible drive towards full automation.

What we need from you

The role will form part of the Power trading and B2B 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 and B2B lifecycle, and, through deep knowledge of the power markets/business be part of a team to cater to structured, retail, and imbalance products across the Power spectrum.

The successful candidate would be required to:

  • Substantial experience in commercial/quantitative roles, pricing, and modelling in the Power B2B space, with a strong track record of performance.
  • Be precise and execute flawlessly to maximize value captured.
  • Prior work with widespread and diverse power asset/trading/B2B portfolio, including optimization, 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
  • Prioritization 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.

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.