Model Validation

Job Family Group: FinanceUnited KingdomWorker Type: RegularPosting Start Date: November 25, 2025Business unit: FinanceExperience Level: Experienced ProfessionalsWhat you will be doingThe candidate will participate in the assignments of the Group validating Models used in the valuation and risk measurement of Commodity Portfolios, Physical Assets and Financial Instruments as well as the formulation of Market & other Input Data in Global Energy markets. She or he is based in London, Houston, Singapore or Bangalore.The analyst bridges seven areas:Assessment that a Model is "fit for purpose" to analyze complex derivatives and assets such as Natural Gas & Oil Storage, LNG & Freight Cargos, Transport, Transmission, Power Generation and Battery Storage as well as calculate with various methodologies portfolio metrics like Market Value at Risk (Var), Credit Potential Future Exposure (PFE) and Economic CapitalAnalysis of Model algorithms applying different validation techniques which include using challenger models internally built or procured externallyReview of process underlying a Model including inputs and outputs flowsDetermination of adjustments to Model required to mitigate weaknessesMaintenance and extension of the Model Validation policyInventory of Models used within the Risk Management Function (RMF) and without as requestedCollection of code and documentation for successive Model versionsThe different professionals involved in these activities along with the Group manager will intervene on a Model at 3 levels:The Scientist Senior Analyst will investigate the conceptual underpinnings of the Model and audit the embedded algorithms with a view to identifying limitations to the model and remediationsThe Engineer Analyst will consider the cases where the Model is applied and formulate test scripts to verify that inputs & parameters are used appropriately to generate outputs that are properly understoodThe Technician Specialist Analyst will compile the information related to the Model and execute test scriptsEngagement 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 Management Transformation and Credit Risk Management Advisory.They will also interface ongoing with Commercial Traders, Originators & Structurers, Quantitative Analysts & Research Analysts 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.The skills required for the tasks includeThe application of advanced financial mathematics to formulate algorithms used for valuation and risk measurement of complex derivatives, assets and portfoliosIndustry experience in structuring and balancing these deals and portfolios while selecting the appropriate inputs & parameters for modelingAbilities in multiple software tools to analyze the code underlying a Model and build challenger Models by transforming algorithms quickly in working applicationsData analysis techniques allowing to follow data extraction, transformation and interfacing from numerous corporate systems into a Model applicationCommunication methods to explain the Model implications to Senior Management as well as Quantitative Specialists who built and are using the ModelWhat you bringA 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 ScientistGeneral knowledge of energy markets, natural gas, power, emissions, oil crude & products and LNGPreferably 5 -8 years of relevant experience in risk management in the Energy industryCQF, ERP, FRM and other related certifications are welcomeExcellent critical thinking and problem-solving skillsStrong analytical skills with attention to detailed data analysis and complex model configurationAbility to multi-task and accommodate organic changes in requirements for deliverablesAbility 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 audienceProficiency with Microsoft Office Suite, SharePoint and TeamsKnowledge of SQL e.g. TOAD or GOLDEN, VBA independently or within Excel, C# and .NetExperience with one or several analytical languages like Python, R, MatLab or SASUsage of either QlikSense, QlikView, Spotfire, Power BI or AlteryxNavigation in Energy Trading and Risk Management systems (ETRMs) Ion OpenLink ENDUR, SunGard Nucleus, FIS Aligne, CubeLogic and using or connecting analytical libraries Lacima, Kyos, Topaz, SAS Vija, ZEMA cQuant, Numerix, Ion Allegro FEA & Open Source Risk (OSR)Application processing in the Microsoft Azur Cloud and AWSWhat we offerYou bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You'll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You'll be able to balance your priorities as you become the best version of yourself.Progress as a person as we work on the energy transition together.Continuously grow the transferable skills you need to get ahead.Work at the forefront of technology, trends, and practices.Collaborate with experienced colleagues with unique expertise.Achieve your balance in a values‑led culture that encourages you to be the best version of yourself.Perform at your best with a competitive starting salary and annual performance related salary increase - our pay and benefits packages are considered to be among the best in the world.Take advantage of paid parental leave, including for non‑birthing parents.Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.Grow as you progress through diverse career opportunities in national and international teams.Gain access to a wide range of training and development programs.We are committed to attracting a broader and more diverse pool of candidates. If this position doesn’t feel like the perfect fit for your qualifications right now, we’d still love to hear from you. Consider creating a profile in our Talent Community so we can keep you in mind for future opportunities that may align with your skills.Shell is an Equal Opportunity Employer. #J-18808-Ljbffr