Senior Specialist-Market Risk | Shell Energy
Posted on: January 06, 2026 | Job ID: R194512
Company Name: Shell India Markets Private Ltd
Application Deadline: Rolling Basis Until Filled
Team: Market Risk SEAM (Shell Energy Americas)
Reports To: Market Risk Team Lead | | Job Family Group: Finance
Division: Finance Operations | Business Unit: Finance
Location: Bangalore ( RMZ-ECO World ) | Chennai Shell Centre
Employment Type: Full-Time | Experience Level: 02 + Years
Schedule: Post Afternoon (Shift-Based)
About This Opportunity
Shell is seeking an exceptional Senior Specialist - Market Risk to join our specialized Finance Operations team in either Bangalore or Chennai. This is a pivotal role within our Market Risk department, where you'll be at the forefront of managing and analyzing risk exposure for Shell Energy Americas' (SEAM) trading portfolios spanning North America and Brazil.
As global energy markets evolve and Shell continues pioneering the transition to cleaner energy solutions, this role offers a unique opportunity to work with cutting-edge risk management systems, sophisticated analytical tools, and complex energy trading portfolios covering Gas, Electricity, and New Energies businesses.
About the Market Risk Department
The Market Risk (MR) department represents a specialized center of excellence within Shell's Finance Operations, operating across our Bangalore, Chennai, and Manila centers. Our team holds frontline responsibility for critical functions including:
- Risk Measurement & Quantification: Detecting and measuring potential unforeseen risks within trading activities
- Deal Valuation: Ensuring accurate pricing and valuation of complex energy trading instruments
- Exposure Reporting: Providing comprehensive risk exposure analysis to senior management and trading desks
- Price Validation: Maintaining accuracy and integrity of commodity price data
Over the past eight years, our department has continuously evolved, absorbing newly migrated activities and increasingly complex work streams. This growth trajectory continues as Shell expands its energy trading operations globally, making this an exciting time to join our team.
The SEAM Portfolio - Your Primary Focus
You'll be working specifically with the Shell Energy Americas (SEAM) team, managing risk reporting for one of Shell's most dynamic trading portfolios. The SEAM business encompasses:
- Gas Trading: Natural gas portfolio management across North American markets
- Power Trading: Electricity trading operations spanning multiple power markets
- New Energies: Emerging renewable energy trading activities
- Geographic Scope: Operations across United States and Brazil markets
The portfolio has experienced significant growth, notably following the ERM acquisition in 2019, with continued expansion expected. This creates an environment where you'll constantly engage with new challenges, evolving market dynamics, and increasingly sophisticated trading strategies.
Key Responsibilities
Daily Risk Management & Reporting
As a Senior Specialist, you'll execute comprehensive daily activities that form the backbone of our risk management framework:
Portfolio Analysis & P&L Reporting: Conduct detailed profit and loss analysis, understanding key P&L drivers and articulating strategy-based commentary that demonstrates commercial acumen. You'll translate complex trading results into clear insights for senior management consumption.
Risk Modeling & Quantification: Leverage sophisticated Market Risk modeling practices including Value at Risk (VaR) and Stress Testing methodologies to quantify and communicate portfolio risk. You'll need to understand how different market scenarios impact our positions and effectively communicate these risks to stakeholders.
Exposure Monitoring & Compliance: Monitor trading exposures daily within our Trading Control Framework and Manual of Authorities (MOA), ensuring all activities comply with established limits and regulatory requirements including SOX and Financial Reporting standards.
Technical Analysis & System Management
Database Query & Analysis: Provide ad-hoc analysis by running complex queries into Trading Risk databases, extracting meaningful insights from vast amounts of trading data stored across multiple Energy Trading Risk Management (ETRM) systems.
Performance Metrics Reporting: Monitor and report Key Performance Indicators (KPIs) for both external stakeholders (traders, commercial teams) and internal performance benchmarks, ensuring transparency and accountability.
System Issue Resolution: Liaise with business users and technical support teams to identify, analyze, and resolve application issues, maintaining system integrity and operational continuity.
Strategic Projects & Continuous Improvement
Project Leadership: Work closely with Senior Specialists to execute projects, many with short delivery timelines. When business needs arise, you'll be expected to lead initiatives independently, demonstrating project management capabilities alongside technical expertise.
Process Enhancement: Explore opportunities to continuously improve tools, processes, and reporting mechanisms. Your fresh perspective and analytical mindset will help identify automation opportunities and efficiency gains.
Cross-Functional Collaboration: Partner with Accounting, Finance, Operations, and Commercial teams to ensure deals are captured accurately and reflected correctly across our systems, maintaining data integrity throughout the transaction lifecycle.
What Makes This Role Challenging and Rewarding
Complex System Landscape
You'll navigate a sophisticated technology ecosystem including established ETRMs like Endur and Nucleus, alongside analytical platforms such as Spotfire, QlikView, Tableau, and Power BI. Future system upgrades will require your involvement in development and implementation of new software solutions.
Multi-Commodity, Multi-Geography Complexity
Balancing reporting requirements across varied commodity types (Natural Gas, Electricity) spanning different geographies and market structures requires strong organizational skills and business acumen.
Stakeholder Management Excellence
Success requires maintaining quality relationships with key business stakeholders—from trading desks to senior finance leadership—ensuring timely, accurate data flow and clear communication of risk insights.
The "Story Behind the Numbers"
Beyond producing reports, you'll need to understand trading strategies, explain risk payoffs, and convincingly articulate the narrative behind the numbers, demonstrating genuine commercial understanding.
Required Qualifications
Professional Certifications & Experience
- FRM Certification: Financial Risk Manager (FRM) certification is mandatory
- Experience: Minimum 3 years of relevant experience, preferably in banking or financial services industry
- Academic Background: Undergraduate degree in Statistics, Mathematics, Science, Finance, or Economics from a leading academic institution
Technical Skills (Required)
- SQL & Oracle: Working knowledge for database querying and data manipulation
- Advanced Excel: Sophisticated Excel skills including complex formulas, pivot tables, and data analysis
- Programming: Experience with VBA for automation and efficiency improvements
- Data Visualization: Familiarity with tools like Spotfire, Power BI, Tableau, or QlikView
Risk Management Knowledge
- Deep understanding of Value at Risk (VaR) methodologies and various VaR types
- Knowledge of stress testing, sensitivity analysis, basis risk, volume risk, and currency risk
- Understanding of forward curve methodologies, swap markets, and options basics
Commodity Markets Understanding
- Familiarity with commodity markets, preferably crude oil, oil products, LNG, natural gas, or power
- Understanding of spot price assessments and market dynamics
- Knowledge of energy trading instruments and market structures
Preferred Qualifications That Will Set You Apart
ETRM Systems Expertise: Experience with Risk Management systems Endur and Nucleus, particularly ability to identify deal changes related to fees and charges.
Advanced Analytics: Experience with Six Sigma or other problem-solving methodologies demonstrating commitment to continuous improvement and operational excellence.
Energy Market Experience: Direct experience in Gas & Power wholesale and retail trade instruments, physical energy markets, or financial derivatives trading.
Financial Acumen: Strong finance and accounting skills including ability to interpret financial results, management reports, and understand complex financial structures.
Problem-Solving Creativity: Demonstrated ability to drill down into complex data, identify patterns, and develop innovative solutions to business challenges.
Personal Attributes for Success
Highly Numerate & Logical: You possess strong quantitative skills and approach problems with structured, logical thinking.
Detail-Oriented: Keen eye for accuracy and detail, recognizing that small errors in risk reporting can have significant consequences.
Excellent Communicator: Strong written and verbal communication skills, capable of translating technical analysis into business insights for diverse audiences.
Team Player: Comfortable collaborating across cultures and time zones, recognizing that complex risk management requires collective expertise.
Adaptable & Curious: Intellectually curious about Shell's trading business, eager to understand ongoing and upcoming transactions, and comfortable navigating ambiguity in fast-paced trading environments.
Time Management Expert: Ability to prioritize and multi-task effectively, managing competing demands while maintaining quality standards.
Working Arrangements
Shift Schedule: This position follows post-afternoon shifts aligned with SEAM trading hours. Flexibility for extended hours during monthly/quarterly close periods, critical project deliveries, or unforeseen market events is required.
Work Location: Based in either Bangalore (RMZ-ECO WORLD) or Chennai (SHELL CENTRE) with modern office facilities and collaborative work environments.
Hybrid Flexibility: Shell considers itself a flexible employer and encourages discussions about work arrangements that support work-life balance.
Why Join Shell's Market Risk Team?
Career Development & Growth
Shell is a huge advocate for career development. We'll encourage you to try new roles, experience different business units, and explore various aspects of energy trading and risk management. Our commitment to pushing people to reach their potential means you'll frequently discover skills you never knew you had and explore career moves you never thought possible.
Cutting-Edge Technology & Innovation
Work with advanced analytical tools, sophisticated trading systems, and emerging technologies that shape the future of energy risk management. You'll be at the forefront of digital transformation in energy trading.
Global Impact & Purpose
Contribute to Shell's mission of powering progress through more and cleaner energy solutions. Your risk analysis directly supports responsible energy trading that helps balance global energy supply with climate change management.
Inclusive & Diverse Workplace
Shell is striving to be a pioneer of inclusive and diverse workplace environments. We promote equality regardless of gender, sexual orientation, gender identity, disability, or background. Our transparent recruitment process and ongoing support ensure everyone can excel.
About Shell in India
Shell maintains a significant business footprint in India spanning Information Technology, Projects & Technology, Finance Operations, Integrated Gas, Downstream, and Upstream operations across more than 7 major locations. India represents a strategic hub for Shell's global operations, combining world-class talent with cutting-edge capabilities.
Our Core Values
We seek individuals who share our core working values:
- Honesty & Integrity: Operating with transparency and ethical standards
- Respect for Others: Valuing diverse perspectives and treating everyone with dignity
- Accountability: Taking ownership of responsibilities and commitments
- Teamwork: Achieving great results through collaboration
How to Apply
Interested candidates should submit their application through Shell's career portal, including:
- Updated CV/Resume highlighting FRM certification and relevant experience
- Cover letter explaining your interest in energy risk management
- Academic transcripts and professional certifications
Important Notes:
- Shell and approved recruitment consultants will never ask for fees to process applications
- Applications are reviewed on a rolling basis until the position is filled
- Shell reserves the right to amend or withdraw job postings at any time
- Your personal data will be processed according to Shell's data protection policy
Equal Opportunity Employment
Shell is an Equal Opportunity Employer committed to diversity and inclusion. We encourage applications from all qualified candidates regardless of background, and we're actively working to close gender gaps, support employees with disabilities, and create an environment where everyone can reach their potential.
Ready to shape the future of energy risk management? Apply now and join Shell's world-class Market Risk team in India!
This role offers the unique combination of technical challenge, commercial impact, and career growth within one of the world's leading energy companies. If you're an FRM-certified professional passionate about energy markets and risk management, we want to hear from you.
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