Pricing and Risk Management Specialist

2 weeks ago


London, Greater London, United Kingdom oilandgas Full time
About the Role

We are seeking a highly skilled Pricing and Risk Specialist to join our team in London. As a key member of our Short-Term Power Risk & Pricing team, you will be responsible for managing the risk associated with our physical deals in European Power Markets.

Key Responsibilities
  • Improve model-driven decision making while managing the asset book to handle long-term hard-to-hedge exposures from asset-backed deals.
  • Collaborate with Quants and Structuring teams to ensure consistent modelling and valuation of illiquid risk components.
  • Work with Market Risk and controlling teams on reserves and valuation for reporting during the deal life cycle.
  • Contribute to developing models for pricing illiquid risk items feeding into long-term deal valuation.
  • Take ownership of the models used in PnL generation in short-term trading space.
  • Contribute to developing short-term trading algorithms and ensure they are used effectively and benchmarked against market performance.
Requirements
  • Degree in Engineering, Mathematics, Sciences, Economics, or a related field.
  • Strong quantitative, commercial, and communication skills.
  • Excellent MS Office skills and ability to write scripts in one programming language (preferably Python).
  • Experience in GB or European Intraday Power & Ancillary Services Market Fundamentals is a plus.
About Shell 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.

We are committed to helping meet the UK's growing energy demand while using innovative technologies to develop cleaner energy.



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