Skills: Financial Analyst
Experience: 8 + Years
Education: Tech/Vocational Cert/Apprenticeship
Location: Buona Vista, Singapore
No location/work authorization restrictions found.
Shell is one the largest foreign investors in Singapore and began operations in 1891. Today, we have more than 3,200 employees in Singapore alone. The Pulau Bukom Manufacturing Site today is the largest Shell refinery in the world in terms of crude distillation capacity, which makes Singapore a key regional supply and trading centre for Shell in the East. Singapore is the largest petrochemical production and export centre in the Asia Pacific region. Shell Jurong Island (SJI) manufactures petrochemicals to meet the fast-growing demand for these products in the region. We also have one of the largest single-branded retail networks in Singapore, providing customers with a wide range of quality products and services. When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.
This position is responsible for reviewing and providing assurance on the reasonableness of the overall book representation of a number of Products desks within company, ensuring that the price risk management activities of the desk are captured timely within the STN Trading systems and that the resultant pricing exposures carry the relevant fair values consistent with internal mark-to-market standards. Leveraging on the outputs produced by the Chennai Risk team, the individual needs to develop a good understanding of the business model of the relevant Products desks, the global and regional strategies employed between regional products desks reporting to a Global Product Leader (GPL) within the Global Product Network (GPN) and understand the interface between the GPN and the Supply organization. The individual is charged with understanding how the Product desks generates returns from each trading strategy, how price risk metrics are impacted, what resources are consumed in the process of generating cash and mark-to-market returns.
The team working aspect of this role is especially important – the individual is expected to identify, understand and surface inconsistencies or concerns in Price Risk measurement and management practices to the appropriate level of management, checking for consistency within the Global Products Market Risk team and surfacing issues to the Global Products Risk Manager and/or the Market Risk Committee as appropriate.
- Daily review of the reports produced by the Chennai Risk Control team with the objective of reviewing the reasonableness of mark-to-market valuations, positions and value-at-risk (VaR).
- Understand key price indices used by the trade desk and construction of forward curves, facilitating a review of the forward curves and proposing alternative data sources where warranted.
- Understand the trading account structure, pricing exposures and P&L generated by the trade book and understand the key drivers of value generation.
- Provide monthly analysis of the gains & losses resulting from trading strategies employed by the desk.
- Develop a deep understanding of how the desk trade book strategies and specific positions impact exposure limits within the Trading Control framework and Manual of Authorities.
- In conjunction with the Chennai Risk team, ensure traders enter deals accurately and in a timely manner and that commitments and exposures are entered in the trading system in line with the contract.
- Develop suitable exposure measurement and reporting methodologies for new product and structured contract offerings.
- Assist the Chennai Risk team in the validation of P&L including cost accruals & provisions, ensure forward parcels are appropriately valued and provide input into quarterly financial close processes and annual disclosure requirements.
- Promote and ensure accurate reporting to external pricing agencies and daily entry of prices into the trading system.
- Liaise with other Risk Analysts globally to ensure consistency of approach, particularly across similar trading books.
- Ensure activities are carried out with safety awareness and are performed in compliance with external regulation, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies.
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