Shell: Quantitative Trading Analyst

Shell is a seeking a quantitative trading analyst to be based in London.

Shell Trading integrates a worldwide trading network with an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power, and chemicals. It has larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Barbados. Shell Trading is one of the world’s largest energy traders and is a key segment of the Royal Dutch/Shell portfolio.

Shell LNG Marketing and Trading is one of the world’s leading LNG portfolio businesses. Since the beginnings of the industry over 50 years ago, we have become one of the most experienced companies in delivering LNG through managing the purchase and sale of cargoes from Shell, its partners and third parties.

In 2022 Shell’s global LNG trading business delivered hundreds of LNG cargoes to over 25 countries through access to 30 million tonnes of liquefaction volumes from 12 plants and third-party LNG supply. We are one of the world’s largest LNG shipping operators, managing and operating more than 18 carriers and with 65 on time-charter. Combined, these LNG carriers constitute around 11% of the global LNG shipping fleet.

Our global trading business is made up of key trading hubs in London, Singapore and Dubai with regional offices in The Hague, Houston, Lima, Rio de Janeiro and Mexico City.

What’s the role?

The primary accountabilities of the Quant Analyst are:

  • Build pricing and modelling across the LNG trading space. The primary focus of this role is on building and implementing pricing exotic structured products and physical optionality, originating from LNG physical contracts.
  • Research and implement derivatives pricing models under a mature pricing engine platform. Leverage on existing Quant Library and implement blocks of models and standardize (and if necessary refactor) them
  • Deploy the derivative pricing models to an execution engine, with support from quantitative developers
  • Internal model documentation of mature quant models and making them ready for model validation 
  • Be able to contribute to enable high quality, shared understanding of market opportunities, trends, and value potential
  • Understand the LNG deal funnel in order to appropriately prioritise new opportunities in the portfolio across the team
  • Capture and share learnings from both internal and external experiences to Shell to help improve commercial and operational decision making
  • Partner with IT, Business Excellence / Commercial Delivery to select and implement (full lifecycle; scope, design, build test & deploy) new IT solutions and enhancements to existing IT solutions in readiness for new value propositions or enter new markets.
  • Bring rigour/governance to the delivery structure and where feasible drive towards full automation
  • Work closely with IT and other support groups on model implementation, system integration, and data analytics.

This new position will be reporting to the LNG Derivatives Trading Team Lead and will be responsible for improving analytics and modelling to enhance commercial activities within the LNG short term trading portfolio. The role will focus on modelling and pricing options originated from physical deals. Grow the LNG business and make them a significant contributor to SLMT P&L.

The Quantitative Trading Analyst will form part of the front office derivatives trading team, acting as a focal point for commercial modelling. The incumbent will understand the end-to-end process flow of a trade lifecycle and through deep knowledge of the LNG markets/business, be part of a team to cater to structured, retail, and imbalance products across the LNG spectrum.

Please visit Shell’s website for more information.