Model Validation Specialist Jobs

Company Description

As a global energy company operating in a challenging world, we set high standards of performance and ethical behaviors. We are judged by how we act and how we live up to our core values of honesty, integrity, and respect for people. Our Business Principles are based on these. They promote trust, openness, teamwork, and professionalism, as well as pride in what we do and how we conduct business.

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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.

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.

The world is changing fast, and Shell is changing too – not only to keep up with the external pace, but also to anticipate and shape a different future. The Corporate Relations function delivers value by supporting our strategy and sectoral approach and improving policy and advocacy outcomes. We will bring the outside in and secure and drive Shell’s reputation and values. Drawing on a strong base of professional excellence, we aspire to be best-in-class at achieving integrated outcomes through effective engagement and communication with external and internal stakeholders.

Model Validation Specialist

What is the role?

As a Model Validation Specialist, the candidate will participate in the assignments of the Group validating Models for valuation and risk measurement and bridges seven areas:

• Collection of code and documentation for successive Model versions
• Inventory of Models used within the Risk Management Function (RMF) and without as requested
• Analysis of Model algorithms using challenge models internally built or procured externally
• Maintenance and extension of the Model Validation policy
• Assessment that a Model is “fit for purpose”
• Review of process underlying a Model including inputs and outputs flows
• Determination of adjustments to Model required to mitigate weaknesses

Engagement of the Model Validation specialists with external Stakeholders will be very significant starting with other groups in the RMF such as Quantitative Analysis, Portfolio Valuation, Market Risk Management Advisory, Market Risk Operations, Risk Analytics Reporting, Risk Management Transformation and Credit Risk Management Advisory.

They will also interface ongoing with Commercial Traders and Originators as well as Back-Office and Information Technology Departments. The Model Validation specialists also participate in educational efforts with benefits across RMF and the firm.

Requirements

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 (5 – 8) five to eight years working experience in risk management in the Energy industry
• Ability to communicate complex technical ideas, regardless of the technical capacity of the audience
• Ability to multi-task and accommodate organic changes in requirements for deliverables
• Excellent critical thinking and problem-solving skills
• Candidate must have general knowledge of energy markets, natural gas, power, oil crude & products, LNG and Freight
• A degree in business administration, finance, economics, mathematics, engineering or information systems at the bachelor’s or above level for the Technician specialist and master’s to PhD for the Engineer and Scientist
• Strong analytical skills with attention to detailed data analysis and complex model configuration
• Knowledgeable of SQL e.g. TOAD or GOLDEN, VBA independently or within Excel, C# and .Net - Experience with one or several analytical languages like Python, R, MatLab or SAS,QlikSense, QlikView, Spotfire, Power BI or Alteryx
• Proficiency with Microsoft Office Suite, SharePoint and Teams
• Ability to work as a team member and with all members of the organization