Specialist-Market Risk Pricing
Posted on: January 12, 2026 | Job ID: R183369
Company Name: Shell.com | Application Deadline: Open Until Filled
Team: Price Risk Operations | Reports To: Market Risk Manager
Division: Finance-Shell Trading & Supply | Business Unit: Finance
Location: Bangalore ( RMZ-ECO World ), India
Employment Type: Full-Time | Experience Level: 02 + Years
Schedule: Full-Time (Shift-Based) | Job Family Group: Finance
About Shell: Powering Progress Globally
Shell stands as one of the world's most innovative and forward-thinking energy companies, operating across six continents with a workforce exceeding 93,000 talented professionals. Our presence spans the entire energy value chain—from exploration and production to refining, trading, distribution, and marketing—positioning us uniquely to lead the global energy transition while meeting today's energy demands.
At the heart of Shell's operations lies our global strategy: Powering Progress. This ambitious strategy is meticulously designed to generate substantial value for our shareholders, customers, and wider society, while fundamentally focusing on creating more value with fewer emissions. We're not just talking about change—we're actively driving it, investing billions in renewable energy, developing breakthrough technologies, and reimagining how energy powers modern life.
Our purpose is clear and compelling: to provide more and cleaner energy solutions. This purpose drives every decision we make and every action we take, with the ultimate aim of profitably transforming Shell into a net-zero emissions energy business by 2050. This isn't merely an environmental goal—it represents our commitment to ensuring energy security and sustainability for future generations while maintaining the reliable energy supply that powers economic growth and improves lives worldwide.
Shell's Trading & Supply business represents one of the world's largest and most sophisticated energy trading operations, managing vast portfolios across crude oil, refined products, natural gas, liquefied natural gas (LNG), power, carbon credits, and renewable energy. Our traders operate 24/7 across global time zones, executing thousands of transactions daily, managing billions of dollars in market exposure, and ensuring energy flows efficiently from producers to consumers worldwide.
Shell in India: Your Gateway to Global Impact
Shell maintains a substantial and strategically important presence in India, employing approximately 13,000 exceptional professionals across diverse business segments including Integrated Gas, Downstream, Power, Renewables, and Upstream operations. Our Indian operations extend far beyond a regional office—they represent a critical hub where innovation, technology, operational excellence, and business acumen converge to serve both Indian and global markets.
Comprehensive Indian Operations Portfolio
LNG Infrastructure Leadership: Shell owns and operates a state-of-the-art LNG re-gasification terminal at Hazira, Surat, boasting impressive capacity of 5 MTPA (million tonnes per annum). Coupled with our LNG truck-loading unit, this infrastructure plays a crucial role in meeting India's rapidly growing demand for cleaner natural gas across industrial, commercial, power generation, and transportation sectors.
Retail and Mobility Excellence: Through our extensive network of 350+ retail stations strategically located across India, we deliver an integrated mobility experience that transcends traditional fueling. Our stations feature Shell Café, modern convenience stores, and a prominent network of electric vehicle recharging facilities, actively supporting India's transition toward sustainable transportation solutions.
Lubricants Industry Leadership: Our Lubricants business serves over 50,000 consumers through a robust distribution network exceeding 200 partners, operating an end-to-end value chain spanning conceptualization, formulation, development, and production at our world-class blending plant in Taloja, Maharashtra, recognized globally for its quality and innovation.
Renewable Energy Transformation: In 2022, Shell made a landmark $1.55 billion acquisition of Sprng Energy, establishing ourselves as a major force in India's renewable energy revolution. Sprng develops and manages solar, wind, and hybrid power generation facilities, accelerating our integrated energy transition business and contributing meaningfully to India's clean energy ambitions.
Global Capability Centers: Where Innovation Meets Impact
Shell's three world-class capability centers strategically located across Bangalore and Chennai serve as a technology and innovation powerhouse for Shell's global operations. These centers function as the critical delivery engine for core technical, digital, and finance processes—pioneering digital innovation and deploying cutting-edge technologies that transform how the global energy sector operates.
These capability centers leverage India's exceptional talent pool in technology, analytics, finance, mathematics, and engineering to solve Shell's most complex global challenges, develop innovative solutions, and drive operational excellence across worldwide operations. Working in these centers means your contributions directly impact Shell's $380+ billion global business while benefiting from exposure to international best practices, diverse multicultural teams, and career development opportunities spanning continents and business units.
Commitment to India's Energy Future and Beyond
As India progresses toward its ambitious target of net-zero emissions by 2070, Shell India is committed to playing a leading role in securing vital energy for today while simultaneously investing in and helping build the energy system of tomorrow through strategic investments, technology partnerships, academic collaborations, and community engagement.
We maintain strong partnerships with leading Indian universities and technology institutes including IITs, IIMs, and specialized research centers to accelerate decarbonization efforts, develop talent pipelines, and advance energy innovation. Our commitment extends to communities through focused programs on STEM Education, Skilling, and Livelihood development across India. We nurture and invest in startups through initiatives like Shell E4 and Shell Eco-marathon, while maintaining strategic investments in new energy companies including Husk Power, d.light, Orb Energy, and Cleantech Solar.
The Role: Specialist - Market Risk Pricing (PIM+EOD)
Strategic Context and Importance
The Specialist – Market Risk Pricing position represents a critical role within Shell's Price Risk Operations Team, serving the global Shell Trading & Supply organization based in our Bangalore capability center. This position sits at the intersection of trading operations, risk management, technology systems, and data integrity—areas that are absolutely fundamental to Shell's ability to trade energy commodities safely, profitably, and within approved risk limits.
In energy trading, accurate and timely pricing is not merely important—it's mission-critical. Every position in Shell's trading portfolio must be valued correctly using appropriate market prices to calculate exposures, measure risk, evaluate profitability, and ensure compliance with risk limits. The systems you'll support—Shell's Energy Trade and Risk Management (ETRM) platforms DEX and ENDUR—serve as the technological backbone of trading operations, processing thousands of transactions daily and generating the risk metrics that inform trading decisions at the highest levels.
Why This Role Matters
This position offers exceptional opportunity for early-career professionals to enter the sophisticated world of energy trading through a role that combines technical expertise, operational discipline, and business impact. You'll work with cutting-edge trading systems, gain deep understanding of global energy markets, and develop highly marketable skills in risk management, market data management, and trading technology.
As a key contributor to the Price Risk Operations Team, you'll perform time-critical price load activities that directly enable trading operations, act as the subject matter expert (SME) for market data questions from stakeholders across Shell's global trading network, and lead projects that drive continuous improvements within the market data team. Your work ensures that traders can rely on accurate valuations, risk managers can trust their exposure reports, and leadership can make informed decisions based on reliable data.
The ideal candidate thrives in fast-paced, time-sensitive environments, possesses strong analytical and technical capabilities, demonstrates meticulous attention to detail, and embraces the responsibility of supporting 24/7 global trading operations. This role requires flexibility in shift patterns, including night shifts, to provide coverage aligned with global market hours and trading activities across time zones.
What You'll Be Doing: Core Responsibilities
Time-Critical Price Load Operations
Daily Price Loading: Execute time-critical price load activities for Shell's Energy Trade and Risk Management Systems (DEX and ENDUR). This involves systematically loading market prices from multiple external sources—including exchanges, brokers, price reporting agencies, and market data vendors—into trading systems according to strict deadlines that align with market close times and risk reporting requirements.
Price Validation: Perform rigorous validation of loaded prices to ensure accuracy, completeness, and reasonableness. Identify outliers, investigate discrepancies, validate curve shapes, and verify that prices align with market movements. Your validation protects Shell from valuation errors that could misrepresent risk exposures or profitability.
System Monitoring: Monitor automated price feed processes, identifying and resolving failures, exceptions, and data quality issues that could disrupt trading operations or compromise valuation accuracy. Your vigilance ensures continuous data flow supporting 24/7 trading activities.
Market Data Subject Matter Expertise
Focal Point for Pricing Issues: Serve as the primary focal point for all pricing issues affecting Shell's trading systems. When traders, risk managers, finance teams, or IT specialists encounter pricing questions or problems, you're the go-to expert who investigates, explains, and resolves these issues with authority and confidence.
Stakeholder Support: Provide expert support for business users across both STN (Shell Trading Network) entities and non-STN companies globally. This includes answering questions about price sources, explaining valuation methodologies, troubleshooting system issues, and ensuring stakeholders understand how prices are determined and applied.
Data Integrity Guardian: Ensure the integrity of market data throughout Shell's trading systems. Investigate inconsistencies, identify root causes of data quality issues, implement corrections, and establish controls that prevent recurrence. Your dedication to data integrity protects Shell's financial position and regulatory compliance.
System Change and Improvement Projects
Project Leadership: Lead and support large-scale system change projects affecting market data and pricing functionality. These projects might include implementing new pricing curves, onboarding new commodities or markets, enhancing automation, migrating to new data sources, or upgrading ETRM system capabilities.
Subject Matter Expert Role: Act as the pricing and market data SME within project teams, providing technical expertise, business requirements definition, testing leadership, and user training. Your deep knowledge of both the business needs and technical systems makes you invaluable to successful project delivery.
Continuous Improvement: Proactively identify opportunities to enhance price risk operations through improved processes, increased automation, better data quality controls, or enhanced reporting. Drive initiatives that increase efficiency, reduce errors, and strengthen risk management capabilities.
Key Performance Indicator Development
KPI Framework Design: Develop and implement effective Key Performance Indicators (KPIs) for Price Risk activities. These metrics should provide meaningful insights into operational performance, data quality, timeliness, exception rates, and other factors critical to excellence in price risk management.
Performance Monitoring: Track KPIs systematically, analyze trends, identify areas requiring attention, and report performance to management. Use data-driven insights to prioritize improvement efforts and demonstrate the value delivered by the Price Risk Operations Team.
Benchmarking and Standards: Establish performance standards and benchmarks that drive operational excellence while remaining achievable and aligned with business needs.
Daily Risk Monitoring and Management
Exposure Monitoring: Take responsibility for monitoring and managing Trading & Supply's market risk exposures daily. Review position reports, validate risk metrics, investigate significant movements, and ensure exposures remain within approved risk limits established by senior management and risk committees.
Risk Metric Calculation: Support the calculation and validation of various risk metrics including Value at Risk (VaR), Greeks (Delta, Gamma, Vega), stress test results, concentration measures, and other quantitative risk indicators that inform trading decisions and risk management strategies.
Alert Management: Monitor system-generated alerts related to risk limits, unusual positions, or data anomalies. Investigate alerts promptly, coordinate with traders and risk managers, and escalate issues appropriately according to established protocols.
Virtual Daily Close Process
End-of-Day Operations: Execute controlled processes to complete a virtual close of Trading & Supply books every day. This involves finalizing positions, confirming all trades are captured, validating valuations, reconciling discrepancies, and producing end-of-day risk reports that provide leadership with accurate snapshots of trading positions and exposures.
Operational Integrity: Maintain the operational integrity of Market Risk processes and controls through rigorous adherence to procedures, comprehensive documentation, and systematic validation of outputs. Your discipline ensures consistency, auditability, and compliance with regulatory requirements.
Process Optimization: Continuously identify fit-for-purpose processes that balance control requirements with operational efficiency. Recommend and implement improvements that reduce manual effort, accelerate timelines, or enhance accuracy without compromising control effectiveness.
Valuation Input Management: Maintain observable market inputs used for valuation calculations, ensuring prices reflect current market conditions, curves are properly constructed, and valuation methodologies align with accounting standards and Shell's financial reporting requirements.
What You Bring: Required Qualifications
Educational Foundation
Degree Requirements: Bachelor's degree in Statistics, Mathematics, Science, Finance, Economics, Engineering, or related quantitative disciplines is preferred. Strong academic performance demonstrating analytical capabilities, mathematical reasoning, and intellectual rigor.
Quantitative Excellence: Your educational background should provide solid foundation in quantitative methods, statistical analysis, financial mathematics, or economic theory that supports understanding of market dynamics, pricing theory, and risk measurement.
Professional Experience
Relevant Experience: At least 1-2 years of relevant working experience in finance, trading operations, risk management, market data management, or related fields. This experience should demonstrate ability to work in fast-paced environments, handle time-sensitive deliverables, and maintain accuracy under pressure.
Fresh Graduate Consideration: While experience is preferred, exceptionally strong recent graduates with relevant internships, technical skills, and genuine passion for trading and risk management will be considered.
Technical Knowledge and Systems Expertise
ETRM/CTRM Systems Understanding (Required): Understanding of Energy Trade and Risk Management (ETRM) or Commodity Trading and Risk Management (CTRM) systems is essential. You should comprehend how these systems capture trades, manage positions, calculate valuations, measure risk, and generate reports supporting trading operations.
Shell Systems Knowledge (Plus): Knowledge of Shell's specific ETRM systems—particularly DEX and ENDUR—represents a significant advantage. Familiarity with these platforms' architecture, functionality, data structures, and workflows accelerates your ability to contribute effectively.
Risk Management Background (Strong Plus): Prior knowledge or experience in risk management—whether market risk, credit risk, operational risk, or trading risk—provides valuable context for understanding the business problems you'll help solve and the critical importance of accuracy and timeliness in risk operations.
Core Competencies
Numerical Excellence: Highly numerate with strong mathematical and analytical abilities. You should be comfortable working with complex formulas, financial calculations, statistical concepts, and quantitative models that underpin trading valuations and risk metrics.
Logical and Structured Thinking: Systematic, logical approach to problem-solving. You can break down complex issues into components, identify relationships between variables, diagnose root causes, and develop effective solutions following structured methodologies.
Prioritization and Multitasking: Demonstrated ability to prioritize competing demands effectively and multitask across several parallel activities without compromising quality or missing deadlines. You distinguish between urgent and important, manage your time efficiently, and deliver consistently.
Team Collaboration: Comfortable working in collaborative team environments, contributing your expertise, supporting colleagues, sharing knowledge, and working toward common goals. You understand that operational excellence requires coordinated team effort.
Essential Work Requirements
Shift Flexibility (Required): The individual must be flexible regarding shift patterns, especially night shifts. Supporting global trading operations requires coverage aligned with market hours across time zones. Your willingness to work nights, weekends, or varying schedules is essential to this role's success.
Global Team Comfort (Required): You must be comfortable working in a global team environment with accountability for performance to multiple stakeholders across different regions, time zones, and organizational units. This requires strong communication skills, cultural awareness, and ability to build effective working relationships virtually.
Personal Attributes
Attention to Detail: Meticulous attention to detail with commitment to accuracy. In price risk operations, small errors can have large consequences—you understand this and maintain unwavering focus on getting things right.
Pressure Management: Ability to remain calm, focused, and effective under time pressure. When system issues arise or deadlines approach, you maintain composure, think clearly, and execute systematically.
Accountability and Reliability: Strong sense of personal accountability for deliverables and outcomes. Your teammates and stakeholders can rely on you to complete assignments thoroughly and on time.
Continuous Learning: Curiosity and commitment to continuous learning. Energy markets, trading systems, and risk methodologies evolve constantly—you're motivated to stay current and expand your expertise.
What Shell Offers: Your Career Journey
Meaningful Impact on Global Challenges
When you bring your skills and experience to Shell, you work alongside talented, committed people addressing one of the most important challenges facing our planet—the energy transition. Your contributions directly support Shell's mission of providing more and cleaner energy solutions while achieving net-zero emissions by 2050.
Professional Growth and Development
Skill Development: Continuously develop transferable skills through exposure to sophisticated trading systems, global markets, risk management frameworks, and diverse business challenges. The capabilities you build at Shell prepare you for advancement throughout your career in finance, trading, or risk management.
Technology Leadership: Work at the forefront of trading technology, market data practices, and risk management methodologies. Gain hands-on experience with enterprise ETRM platforms, advanced analytics tools, and emerging technologies transforming the trading industry.
Expert Collaboration: Collaborate daily with experienced colleagues possessing unique expertise in energy trading, quantitative analysis, risk management, and technology. Learn from seasoned professionals who are generous with their knowledge and committed to developing team members.
Career Progression Opportunities
Diverse Career Paths: Progress through diverse career opportunities in national and international teams. Shell's global trading operations and extensive business portfolio create pathways spanning geographies, asset classes, functional specializations, and leadership roles. Your career could evolve from price risk operations to quantitative analysis, from market risk to trading desk support, from Bangalore to London or Houston.
Internal Mobility: Shell actively encourages internal mobility, supporting employees who want to explore different roles, businesses, locations, or functional areas. Your development is viewed as long-term investment, and the company provides resources, mentorship, and opportunities supporting career progression.
Training and Development Programs: Access comprehensive training and development programs including technical skills training, leadership development, professional certifications support, executive coaching, global rotations, secondments, and tuition reimbursement for continued education.
Work-Life Balance and Values
Values-Led Culture: Achieve your balance in a values-led culture that encourages you to be the best version of yourself. Shell recognizes that employees deliver their best work when they're supported holistically—professionally, personally, and emotionally—despite the demanding nature of supporting 24/7 trading operations.
Employee Support: While this role requires shift work and operational discipline, Shell provides comprehensive support including competitive shift allowances, health and wellness programs, counseling services, and policies supporting work-life integration.
Inclusion and Diversity Excellence
Inclusive Workplace Leadership: Join an organization working to become one of the most diverse and inclusive in the world. Shell strongly encourages applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientations, and life experiences to apply.
Disability Inclusion: Shell creates spaces where people with disabilities can excel through transparent recruitment processes, workplace adjustments, assistive technologies, and ongoing support. Candidates are encouraged to communicate their needs during the application process.
Gender Equality: Shell actively closes the gender gap through action on equal pay, targeted development programs, and initiatives enabling more women to reach senior roles in engineering, technology, trading, and leadership positions.
LGBTQ+ Inclusion: Shell strives to pioneer inclusive workplace practices, promoting equality for employees regardless of sexual orientation or gender identity through policies, employee networks, and visible leadership commitment.
Voice and Empowerment: To power progress together, Shell attracts and develops the brightest minds while ensuring every voice is heard. This commitment creates an environment where you can express ideas, extend skills, challenge conventional thinking, and reach your full potential.
Application Process and Key Information
How to Apply
Interested candidates should submit applications through Shell's official careers portal at www.shell.com/careers. Your application should include:
- Current resume/CV highlighting relevant education, experience, and technical competencies
- Cover letter articulating your interest in the role and what unique capabilities you bring
- Academic transcripts demonstrating educational achievements
- Professional certifications or relevant credentials (if applicable)
Selection Process Overview
Shell's selection process typically includes:
- Initial Screening: Application review assessing qualifications, experience, and potential fit
- Online Assessments: Evaluating numerical reasoning, logical thinking, and technical aptitude
- Technical Interviews: Assessing ETRM knowledge, market understanding, and problem-solving capabilities
- Behavioral Interviews: Exploring fit with Shell's values, team dynamics, and cultural expectations
- Final Interviews: Meeting with hiring manager and senior team members to confirm mutual fit
Critical Disclaimers
Job Posting Flexibility: Please note that Shell occasionally amends or withdraws job postings and reserves the right to do so at any time, including prior to any advertised closing date. We recommend applying promptly if interested.
Data Protection: Before applying, candidates are advised to read Shell's data protection policy available on the careers website. This policy comprehensively describes how your personal data will be processed and informs you that your personal data may be transferred to Shell and Shell Group companies around the world in accordance with applicable privacy regulations.
Recruitment Fee Warning: 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 authorized Shell representative, and you are strongly advised to refuse any such demand. Please report any suspicious recruitment activity to Shell through official channels.
Equal Opportunity Employer: Shell is an Equal Opportunity Employer committed to creating an inclusive and diverse workplace where all qualified applicants receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, veteran status, age, or other protected characteristics under applicable law.
Why This Opportunity Is Exceptional
This role represents far more than an entry point into energy trading operations. It's an opportunity to:
- Support Critical Operations: Contribute to price risk operations that enable billions of dollars in daily trading activities across global energy markets
- Develop Technical Expertise: Build highly marketable skills in ETRM systems, market data management, and risk operations that are valued across energy trading and financial services industries
- Gain Market Exposure: Develop deep understanding of global energy markets including crude oil, refined products, natural gas, power, and renewables
- Work With Advanced Systems: Gain hands-on experience with industry-leading trading and risk management platforms used by major energy companies worldwide
- Build Global Network: Collaborate with colleagues across continents, building relationships and cultural awareness that support long-term career success
- Impact Energy Transition: Contribute to a company committed to profitably leading the energy transition while ensuring energy security
- Create Career Foundation: Establish a strong foundation for career progression in trading operations, risk management, quantitative analysis, or trading desk roles
If you're an analytical thinker with strong technical capabilities, attention to detail, flexibility regarding shift work, and ambition to grow with a global industry leader in energy trading, we encourage you to apply.
Join Shell. Power Progress. Master Market Risk.
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