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Operations Lead - Market Risk
Operations Lead - Market Risk-June 2024
Virtual
Jun 9, 2025
About Operations Lead - Market Risk

  , India

  Job Family Group:

  Finance

  Worker Type:

  Regular

  Posting Start Date:

  Business unit:

  Finance

  Experience Level:

  Experienced Professionals

  Job Description:

  Purpose & Accountabilities:

  This description is for the position of Operations Lead – Market Risk who will work with the LNG Market Risk teams and the various business partners to ensure reporting processes and financial controls are documented and implemented seamlessly to deliver top quartile performance. The Market Risk (MR) department is a specialized unit in Finance Operations (FO) that operates in Chennai, Bangalore and Manila centers. The team has frontline responsibility for risk measurement, deal valuation, exposure reporting and price validation. The department pulls together a range of expert skills that ensure accurate, timely reporting and allow MR to offer professional advice on the wide range of issues that the department gets involved in. We are interested in attracting people to our business who share our core working values of honesty, integrity and respect for others. We want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork. The team has been continuously absorbing newly migrated activities over the last eight years with continued growth and more complex work will continue to be absorbed into the teams

  LNG Operations Lead will be accountable for financial controls (including SOX); onboarding options/derivatives and other complex reporting; driving change projects; monitoring and improving the process operating model (process, systems, data) to achieve the required Marker Risk FO’s goals such as designing complex process improvements, as well as ensuring a fit for purpose controls framework is being established. The individual reports to the Operations Manager (OM) and works closely with stakeholders globally across Market Risk (Advisory, Operations, FO), CRMS, Credit Risk, Trading Commercial and Operations teams, Finance in the Business, IT, Technical & Derivative Accounting and TSA and R&A teams.

  Accountabilities :

  The list below is intended to provide a brief glimpse of the day-to-day activities and also highlight the key areas of proficiency (strong business understanding, ability to navigate systems, managing stakeholder relationships and key technical skills) that would help the succeed in the role.

  Key Responsibilities:

  Own & operate financial/SOX controls including, but not limited to existing controls as well as new controls as part of Project Arc

  Ideate, propose changes to the design and control descriptons working with GRA

  Propose and design fit-for-purpose changes and operationalize reporting for non-linear trading instruments

  Utilise business knowledge and understanding of the reporting landscape to scope out and test any planned changes to reporting and map out changes to operational aspects of projects including the currently ongoing Project arc, QlikSense reporting requirements

  Understand data flow and feeder process inputs/dependencies to map out relevant reporting process that ensures that exposure, trading risks, FEV and returns are fully understood, captured and challenged where necessary.

  Develop Standard operating procedures (SOPs) which allow Market Risk LNG to deliver with a word class risk reporting framework.

  Developing deep business knowledge to document step-in and step-out procedures by the understanding of how potential improvements, new business / risk models or system changes will impact Market Risk Operation processes

  Establish, record and document a fit for purpose controls framework to manage Risk and reporting for Market Risk Operations as deemed necessary

  Communicate effectiveness of operational processes and fincaccial controls by engaging with auditors discussions on evidencing and proof points

  Providing deep knowledge to FO Market Risk operations teams to appropriately document and identify non-standard process requirements

  Attesting and structuring established or new controls processes appropriately within Market Risk Operations to ensure successful SOX and GRA attestation for activities

  Ideate complex improvements, influence business partners to address feeder process issues as well as eliminate manual workarounds, process step-outs, and leveraging technology

  Skills & Requirements:

  A degree holder in Mathematics, Science, Finance or Economics is preferred

  6+ years’ work experience in various financial positions, with experience of applying Trading risk and Financial management, process and controls principles in practice

  Strong understanding of options/non-linear instruments and their payoffs, risk-return, risks not captured in modelling

  Leading implementation projects (change management/migration)- Project management experience.

  PowerBi, Qlikview , Qliksense, Tableau

  Should be well-versed in sense-checking, updating inputs for options valuations including prices, volatilities’ surfaces and skews as well as financial/risk models

  Previous experience in deigning, operating and/or owing financial controls and/or other LOD2 controls

  Self motivated to search for information from within complex data and processes, bring in best practices from other parts of risk to make processes, checks and controls more effective

  Strong skills to influence and communicate a clear train of thought within the organization

  Understanding of Market Risk principles and working experience on a risk management desk is a prerequisite

  Ability to understand impact of changing risk environment on trading business and financial reporting

  Understanding of Trading Business along with their integration between ERPs and different ETRMS like Dex, Endur & Align additionally visualization tools such as Power BI, Qlik, Spotfire etc.

  The role involves extensive interactions with various stakeholders and therefore requires a combination of intellect, maturity, the strength of character, and an ability to earn respect

  Candidate should have a clear understanding of the SLMT business landscape and the trading relationship between entities.

  Additional Information:

  The role requires a person who has strong collaboration and analytical skills

  Finance and accounting skills including the ability to understand financial results and financial and management reports

  Experience with risk analysis, value-at-risk, financial derivatives, or physical energy markets

  Demonstrates the ability to work with a cross-functional work group

  Must be able to demonstrate creativity in problem-solving

  Build appropriate connections with other FO teams to improve operational excellence with a one Finance behavior.

  -

  DISCLAIMER:

  Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.

  According to the United Nations, the global population could increase to more than 10 billion people. A key role for society – and for Shell – is to find ways to meet the growing demand for energy, with less carbon emissions. We need people who dare to think differently – to take part in developing tomorrow’s energy solutions today.

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