Risk Analyst

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Job description

Our journey:

At Shell Energy, we believe that home energy matters. It's more than what boils the kettle or keeps the radiators warm. It empowers us to make better decisions now about our world tomorrow.

It's the reason why we supply 100% renewable electricity, carbon neutral home energy, smart home technology, discounts on broadband, and exclusive rewards. Going above and beyond for our customers is what we're all about.

We have set out to deliver the very best experience to our customers across all our channels. But bigger challenges lie ahead. We need to keep moving forward. Why don't you help us get there?

Job Title: Risk Analyst
Contract Type: Permanent
Team: Commercial Finance
Office: Flexible
Working Pattern: Full time 37.5 hours per week

Who you'll work with:

We're ambitious with a pace to match, and as part of one of the world's largest companies, the opportunity and ability to push forward is greater than ever before.
We foster a culture of continuous improvement. Accountability matters, which means enabling transformation through autonomy to influence and see progress through.
Every day we work to provide an environment where all employees feel valued and included, and are able to nurture their talent as individuals and as part of a collaborative team.
A diverse and inclusive workplace, embedded in our principles of honesty, integrity and respect, brings together remarkable people and enables them to be themselves. At Shell Energy, you'll be able to apply and develop your skills and knowledge as part of a collaborative team that's helping to innovate.

Your part in our journey:
We are looking for a Risk Analyst to join the Energy Pricing & Cost Forecasting team. This is a new role and an exciting time to join the team as you will be responsible for shaping how Shell Energy manages all aspects of risk relating to the costs associated with the generation of gas and electricity tariffs. Working closely with the team to understand our existing processes, you will then develop and build on these to ensure any exposure to risk is limited. Also working in collaboration with Demand Forecasting and Trading, you will ensure strong relationships are developed over time.
Drawing on your previous knowledge and experience of statistical analysis and modelling, develop a suite of reports for the Senior Leadership team highlighting key risks of existing hedging strategies, traded volume and wholesale price exposure. It is therefore essential that you have a strong background in Excel, SQL, Python or R and preferably Tableau.

Your part in the team:

Ensure suitable systems and models are in place to monitor and report any likely exposure and risk for traded/untraded energy volumes and price
Assess existing hedging strategies and provide recommendations on how to optimise trading depending on current market fundamentals
Continuous evaluation and statistical modelling of risk premia to ensure these remain fit for purpose
Develop an understanding of energy supply cost charging, keeping up to date with changes in regulatory, network and policy charging
Ongoing review and reporting of Value at Risk (VaR)
Utilise you existing knowledge of analytical and statistical methods to create models that assess wholesale market risk
Manage effective relationships with internal and external stakeholders including the Senior Leadership team
Take the lead and ownership of creating a suite of Management Information reporting and KPI's
Working within Shell Energy's existing reporting framework, utilise advanced technical knowledge to develop insights into wholesale markets and third party charges
Experience in delivering high quality data analysis, translating data into true commercial impacts within a business and the ability to articulate complex results clearly and concisely to senior leaders

What you'll need to help you make the best of the role:

Ideally a background within the energy industry but not essential
Broad numerical background with strong experience of complex statistical modelling
Great with numbers and confident dealing with large datasets
Knowledge of database management, Excel, SQL and Python/R
Strong analytical and problem solving skills
Ability to break down complex information and present this back in a clear and concise manner
Experience in complex data visualisation
Confident in your own knowledge and skills, which you will use to form strong relationships within the business
The ability to extract and present key data and insights
Exceptional attention to detail
A self-starter, highly organised and effective at managing multiple tasks

What's in it for you:

Lifestyle

Exclusive Retail Discounts (from nearly 900 retailers)
25 days holiday (plus Bank Holidays) and Holiday Trading Scheme
Quarterly Team Socials
Employee Energy and Broadband Tariffs

Well-being

Access to our Wellbeing centre to aid you with our four M's (Moving, Mind, Money and Munch)
Charity events to support our charity partner, including a paid day off each year to volunteer
BUPA Private Healthcare and Cash Plan
Cycle to Work Scheme

Development Opportunities

Mentoring Scheme
Apprenticeship Schemes
Development Portal to access development material

Family Friendly

Company maternity/adoption pay: 26 weeks full pay, followed by 13 weeks statutory pay for eligible employees.
Two weeks full paternity pay
Life Assurance
Pension Scheme