Quant Analyst

, United Kingdom

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

June 12, 2024

Business unit:

Downstream and Renewables

Experience Level:

Experienced Professionals

Job Description:

Where you fit in

Quant Analyst is a position based in London, reporting to the Trading Quant Lead within Shell Energy Europe & Africa (SE-EA).

You will be responsible for improving analytics and modelling to enhance commercial activities within the SE-EA. The role will focus on modelling trade capabilities, providing innovative/structural solutions, building synergies across product lines, rationalizing tools where necessary, and significantly driving for building a scalable quant platform.

What’s the role?

The incumbent will bring advanced python, machine learning, and coding capability, as well as subject matter expertise on commercial quant modelling and pricing (incl. hedge recommendations) of Renewables/PPA, battery, short-/and long-term price curves, FlexTech such as electrolyser, e-boiler etc.

You will be expected to have relevant expertise and track record in commercial asset optimization and modelling in spot markets including intra-day markets, ancillary services, imbalance cost etc.

The individual will need a strong sense of what creates value in trading business to shape the team’s prioritization and play an active role in establishing a measured risk view to contribute to key commercial decisions.

You will be expected to work in close collaboration with the Trading, Structuring, BD and Fundamentals teams as well as Trading Technology/IT to help deliver the ambitious goals of the business.

The primary accountabilities are:

• Build pricing, modelling, and aid in automating execution across the trade space (Trading, BD, DS), in the key areas Renewables/PPA, battery, short-/and long-term price curves, Flex/NewTech such as electrolyser, e-boiler etc.
• Relevant expertise and track record in modelling and commercial asset optimization in spot markets, including intra-day markets, ancillary services, imbalance cost etc.
• Build unified (short-/long-term) price curves for (power, PPA, etc.). therefore, closely working with the desks, DS, BD, Fundamentals team and risk.
• Including intra-day and ancillary services dynamics/curves into the existing flex asset optimization models.
• Unification of modelling/pricing approaches and methodologies throughout the whole trade/DS/BD space.
• Support in-flight projects to standardize processes and platforms across EMEA trading & BD.
• Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential.
• Streamline and enhance the product array and functionality of the desks.
• Understand the deal funnel to appropriately prioritize new opportunities into the portfolio across the team.
• Monitor ‘deal stabilisation’ after deals move into the delivery phase ensuring operational excellence and excellent customer experience.
• Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making in Shell Energy.
• Drive the upskilling of the quantitative skillset across products while maintaining consistency.
• Ensure adequate quality standards and best practices are maintained for the design and evolution of data, analytics library, documentation, model testing.

• Bring rigour/governance to the delivery structure and where feasible drive towards full automation.

What we need from you

The successful candidate would be required to:

• Significant experience in commercial/quantitative roles, specifically in the Renewables/PPA, battery, Flex/NewTech, spot markets (including intra-day, ancillary services, imbalance cost) as well as analytics around fundamentals, with a strong track record of performance.
• An external focus, with expert knowledge of the market, and ability to quickly understand commercial opportunity, and its value drivers.
• Be precise and execute flawlessly to maximize value captured.
• 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 LoaD.
• 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. These include:
  • Power: GM / RTL / Traders
  • BD
  • DS

In addition to domain area expertise, the successful candidate will need to have strong personal skills to ensure the team is fully motivated and connections with the team’s stakeholders remain strong.

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.

-