Sr Trader

Shell

Shell

Houston, TX, USA
Posted on Thursday, July 11, 2024

What’s the role?

The Senior Products Derivatives Trader will be responsible for trading derivatives in US and global energy markets and in coordination with global market activity generated by Shell Trading’s worldwide network. This is a fast moving, dynamic and successful trading team that supports the Group’s short-term requirements and longer-term strategy.

You will be part of the Trading & Supply Products organization which is at the heart of Shell’s Downstream business. T&S Products exists as the integrator with the rest of Shell to enable stronger E2E value delivery. We do so through managing and optimizing the physical supply chain, as well as creating value through proprietary trading.

Reporting to the Regional Team Lead, Price Risk Management (PRM) in Houston, this role will be responsible for the returns of the Products Derivatives trading book for PRM, and the opportunity to drive its growth. As Shell’s single interface to the US exchanges for Products futures transactions, you will be part of a wider global team of derivatives traders and deal structurers.

Relocation to Houston will be available for the selected candidate.

Accountabilities:

  • Managing a proprietary refined products derivatives trading book through careful strategic analysis of the Crude, Products, Ags, and Metals markets using futures, swaps, and options.
  • Opportunity to trade the ‘refinery margin’ and all cuts of the barrel.
  • Coverage assistance with other roles on the Houston team.
  • Participation in global team strategy discussions.
  • Confirming overall trade book accuracy on transactions/exposure/profitability.
  • Participation in a wide array of business development activities to find new sources of value from internal and external financial counterparties.
  • Ownership and promotion of PRM’s internal execution platform.
  • Driving short and medium-term strategy.
  • 100 percent adherence to all of Shell’s Policies & Procedures, Code of Conduct and Compliance Manual.

What we need from you

  • Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
  • Bachelor’s degree or equivalent relevant experience required
  • Minimum of 5 years of combined crude and/or products derivatives trading.
  • Successful energy commodities derivatives trading experience in initiating, implementing, and managing sizeable positions/strategies, which have generated consistent and substantial profitability over a number of years.
  • Metals trading experience a strong plus.
  • Business development experience in deal structuring and relationship building with third parties a strong plus.
  • Highly focused on bottom line profitability and proficient in risk/exposure management.
  • Excellent interpersonal skills, professional maturity and good work ethics are necessary to succeed in this role. Proven track record in interacting and managing customers and other stakeholders with good outcome in negotiating and concluding deals.
  • A self-starter with a proactive approach to problem solving and displays a strong commercial acumen and knowing how to adapt trading strategies in a fast-paced and evolving commercial environment. Team chemistry is a must.

The base salary range for this position is $175,000 - $262,000 per year. Individual pay will be based on various factors such as relevant work experience, education, certifications, skill level, seniority, and internal equity.

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents. Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html

An innovative place to work

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re 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.