Model Validation

, United Kingdom

**Job Family Group**:
Finance

**Worker Type**:
Regular

**Posting Start Date**:
October 30, 2025

**Business unit**:
Finance

**Experience Level**:
Experienced Professionals

**What**you**will**be doing**

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 Capital
- Review of process underlying a Model including inputs and outputs flows
- Determination of adjustments to Model required to mitigate weaknesses
- 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

The 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 remediations
- The 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 understood
- The Technician Specialis t Analyst will compile the information related to the Model and execute test scripts

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 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 include:

- Industry experience in structuring and balancing these deals and portfolios while selecting the appropriate inputs & parameters for modeling
- Communication methods to explain the Model implications to Senior Management as well as Quantitative Specialists who built and are using the Model

**What**you bring**
- 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
- General knowledge of energy markets, natural gas, power, emissions, oil crude & products and LNG
- Preferably 5 -8 years of relevant experience in risk management in the Energy industry
- CQF, ERP, FRM and other related certifications are welcome
- 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
- Proficiency with Microsoft Office Suite, SharePoint and Teams
- Knowledge 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
- Usage of either QlikSense, QlikView, Spotfire, Power BI or Alteryx
- Navigation in Energy Trading and Risk Management systems (ETRMs) Ion OpenLink ENDUR, SunGard Nucleus, FIS Aligne, CubeLogic and using or connecting analytical libraries Lacima, K yos, Topaz, SAS Vija, ZEMA cQuant, Numerix, Ion Allegro FEA & Open Source Risk (OSR)
- Application processing in the Microsoft Azur Cloud and AWS

**What we offer**

You 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 r