Trading Analyst Quantitative Modelling San Diego CA

Profile

California, United States of America

Job Family Group:

Commercial and Retail

Worker Type:

Regular

Posting Start Date:

June 11, 2021

Business unit:

Downstream

Experience Level:

Experienced Professionals

Job Description:

What’s the role?

The role will focus on supporting the trading of power, natural gas, and environment products for Shell Energy’s Western US trade desk. This support will come through providing data science insights.

As Shell leads in powering the transition to more renewable and zero-carbon energy sources, markets for power, gas and environmental products are becoming more volatile. The primary goal of this role is to establish an effective way of modelling Western US power and gas markets. Modelling these products that are highly dependent on low probability events, weather and regulatory changes requires a keen ability to understand data science and commodities with many different physical attributes. To tackle this problem a blend of mathematical/quantitative approaches are needed. This will likely include the application of Monte Carlo and/or Time Series Stochastic modelling in order to represent the stochastic nature of many market states and events across the power/gas physical system. A key deliverable will be to identify how markets are trading relative to modelled outcomes i.e. are markets trading near model highs or lows; to drive well-reasoned risk/return trades. Understanding the role of renewable power generation in the resource mix and its ongoing development will be essential in the role and ensuring the energy transition.

This role will require in-depth knowledge and experience of mathematics, data science, quantitative analysis, and simulation modelling in order to define/incorporate distributions of many inputs. A commercial mindset is required.

Responsibilities:

Develop and implement a modelling framework that will achieve what was listed in the overview above. This will require expertise in coding and working with large data sets. Specific expertise includes Excel/VBA, database querying/programming/admin, BI reporting services, R, Python, and/or other advanced programming language.

Collaborate with trading team to model market inputs and establish distribution assumptions for those inputs.

Analyze historical pricing relationships to cash and forward prices. These relationships need to be incorporated into the modelling that outputs expected price outcomes.

Work with trade desk to optimize portfolio of assets to maximize value and minimize risk.

Develop, in concert with traders and sales personnel, business and trading strategies

Reconcile Daily Profit and Loss reporting and Exposure reporting tolls while working closely with our Risk management team.

Develop expertise in CAISO operations, trading and scheduling

Collaborate with traders to capture and validate trades and logistical data for daily reporting.

What we need from you

Must have legal authorization to work in the US on a full-time basis for anyone other than current employer.

Minimum of (2) two years of data modelling/analyst experience is required.

Bachelor's degree in Mathematics, Economics, Engineering, Computer Science or an equivalent combination of experience and education.

Strong technical abilities across multiple disciplines of computer science, regression/stochastic modelling, and artificial intelligence.

Thorough understanding of Monte Carlo, Time Series Stochastic, Artificial Intelligence ex. machine learning, neural networks.

Knowledge and experience in the WECC region for Power, Environmental Products, and Natural Gas is preferred.

Demonstrate grasp of risk/return as it applies to trading in general.

Deliver solutions that can be understood and translated by the trading team into effective position management strategies.

Ability to break down and relate mathematical concepts in ways the broader group can understand.

Strong analytical and problem-solving aptitude.

Strong attention to detail and accuracy.

Ability to work in a fast-paced environment with time sensitive deadlines.

Critical thought with strong communication skills (oral and written).

An innovative place to work

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re 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.

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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 Royal Dutch/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 participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.

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.

Company info

Shell .
Website : https://www.shell.com