Where you fit in
Shell Trading integrates a worldwide trading network with an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power, and chemicals. It has larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Barbados. Shell Trading is one of the world’s largest energy traders and is a key segment of the Royal Dutch/Shell portfolio.
Shell LNG Marketing and Trading is one of the world’s leading LNG portfolio businesses. Since the beginnings of the industry over 50 years ago, we have become one of the most experienced companies in delivering LNG through managing the purchase and sale of cargoes from Shell, its partners and third parties.
In 2022 Shell’s global LNG trading business delivered hundreds of LNG cargoes to over 25 countries through access to 30 million tonnes of liquefaction volumes from 12 plants and third-party LNG supply. We are one of the world’s largest LNG shipping operators, managing and operating more than 18 carriers and with 65 on time-charter. Combined, these LNG carriers constitute around 11% of the global LNG shipping fleet.
Our global trading business is made up of key trading hubs in London, Singapore and Dubai with regional offices in The Hague, Houston, Lima, Rio de Janeiro and Mexico City.
What’s the role?
The primary accountabilities of the Quant Analyst are:
Build pricing and modelling across the LNG trading space, focusing on pricing exotic structured products and physical optionality from LNG physical contracts.
Research and implement derivatives pricing models under a mature pricing engine platform, leveraging existing Quant Library and standardizing models.
Deploy derivative pricing models to an execution engine with support from quantitative developers.
Document internal models of mature quant models for model validation.
Contribute to understanding market opportunities, trends, and value potential.
Understand the LNG deal funnel to prioritize new opportunities across the team.
Capture and share learnings from experiences to improve commercial and operational decision-making.
Partner with IT and Commercial Delivery to implement new IT solutions for new value propositions or market entries.
Drive governance in delivery structure and pursue full automation where feasible.
Collaborate with IT and support groups on model implementation, system integration, and data analytics.
This position reports to the LNG Derivatives Trading Team Lead and is responsible for improving analytics and modelling to enhance commercial activities within the LNG short-term trading portfolio, focusing on modelling and pricing options from physical deals.
What we need from you
The successful candidate would be required to:
Have significant experience in commercial/quantitative roles, specifically in LNG or Gas and Power markets.
Possess a solid understanding of financial risks from vanillas and exotic structured products.
Have prior experience with diverse structured products in commodities.
Model forward curves and volatility dynamics in commodities.
Understand Monte Carlo risk modelling methodologies in derivatives pricing.
Have good programming skills, preferably in Python.
Exhibit an external focus with expert market knowledge and ability to identify commercial opportunities.
Be precise and execute flawlessly to maximize value captured.
Possess prioritization skills and a proactive approach to improvements.
Engage effectively with a large pool of stakeholders.
Other desirable skills include:
Experience implementing core quantitative library infrastructure.
Exposure to hardware-aware technology stacks and libraries.
Experience with cloud-computing.
Knowledge of time series analysis and Machine Learning techniques.
If you don't see yourself fully reflected in every job requirement listed above, we encourage you to apply. We are committed to creating a more equitable, inclusive, and diverse company and strongly encourage applicants of all backgrounds to apply.
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