Company: Shell
Skills: IT - Programming & Database, Risk Management
Education: Bachelors/3-5 yr Degree
Location: London, England, United Kingdom
Skills: IT - Programming & Database, Risk Management
Education: Bachelors/3-5 yr Degree
Location: London, England, United Kingdom
What is the role?
As a Model Validation Specialist, the candidate will participate in the assignments of the Group validating Models for valuation and risk measurement and bridges seven areas:
Engagement of the Model Validation specialists with external Stakeholders will be very significant starting with other groups in the RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management Advisory, Market Risk Operations, Risk Analytics Reporting, Risk Management Transformation and Credit Risk Management Advisory.
They will also interface ongoing with Commercial Traders and Originators as well as Back-Office and Information Technology Departments. The Model Validation specialists also participate in educational efforts with benefits across RMF and the firm.
What we need from you
We are keen to hear from candidates with the following experience:
About Shell in UK
Shell is an international energy company that aims to meet the world's growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world's largest independent energy companies, operating in more than 70 countries.
Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.
In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.
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 one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.
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.
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.
As a Model Validation Specialist, the candidate will participate in the assignments of the Group validating Models for valuation and risk measurement and bridges seven areas:
- Maintenance and extension of the Model Validation policy
- Inventory of Models used within the Risk Management Function (RMF) and without as requested
- Collection of code and documentation for successive Model versions
- Assessment that a Model is "fit for purpose"
- Review of process underlying a Model including inputs and outputs flows
- Analysis of Model algorithms using challenge models internally built or procured externally
- Determination of adjustments to Model required to mitigate weaknesses
Engagement of the Model Validation specialists with external Stakeholders will be very significant starting with other groups in the RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management Advisory, Market Risk Operations, Risk Analytics Reporting, Risk Management Transformation and Credit Risk Management Advisory.
They will also interface ongoing with Commercial Traders and Originators as well as Back-Office and Information Technology Departments. The Model Validation specialists also participate in educational efforts with benefits across RMF and the firm.
What we need from you
We are keen to hear from candidates with the following experience:
- A degree in business administration, finance, economics, mathematics, engineering or information systems at the bachelor's or above level for the Technician specialist and master's to PhD for the Engineer and Scientist
- Proficiency with Microsoft Office Suite, SharePoint and Teams
- Knowledgeable of SQL e.g. TOAD or GOLDEN, VBA independently or within Excel, C# and .Net - Experience with one or several analytical languages like Python, R, MatLab or SAS,QlikSense, QlikView, Spotfire, Power BI or Alteryx
- Excellent critical thinking and problem-solving skills
- Strong analytical skills with attention to detailed data analysis and complex model configuration
- Ability to multi-task and accommodate organic changes in requirements for deliverables
- Ability to work as a team member and with all members of the organization
- Ability to communicate complex technical ideas, regardless of the technical capacity of the audience
About Shell in UK
Shell is an international energy company that aims to meet the world's growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world's largest independent energy companies, operating in more than 70 countries.
Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.
In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.
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 one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.
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.