Where you fit in
The role will involve acting as one of the key Underwriting Focal points in London with day to day interface across Global Credit Risk Management, commercial and financial stakeholders advising on the Credit Risk posed by sovereigns, sectors and counterparties in the EU/Africa region, driving research and Portfolio Management agenda in the London hub, liaison with the analyst in Finance Operation (FO) Manila and supporting the Deal Team including deliverables for senior stakeholders that impact trading strategy.
What’s the role?
Successful candidate will be accountable for the following:
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Portfolio Management – pro-active identification and analysis of Counterparty Credit Risk and sector, sovereign and macro issues/events which might pose a risk or provide opportunity to Trading & Supply (T&S), providing recommendations and courses of action to key stakeholders and where appropriate the highest decision-making body (i.e., Credit Committee)
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Conduct Credit Activities as part of the ‘underwriting’/ customer/counterparty on-boarding process where the Credit & Trade Finance team is the relationship owner of the relevant parent company. These include:
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Evaluation of high risk new and existing counterparties through in-depth analysis of Business and Financial Risk to recommended Credit Terms (e.g., secured/unsecured, amount of open Credit Line) on which the T&S business should trade with the specific counterparty.
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Liaising with Commercial Credit and the Business to understand the deal rationale and risk/reward metrics
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Deliver Credit Assessment at Credit Committee level or other forums where approval is required at this level.
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Data Integrity – Update and maintain the relevant Credit & Trading systems through the Credit Assessment life cycle, updating new Credit Ratings and Open Credit Lines and communicating the outcome of assessments to relevant stakeholders, notably the Commercial Credit Managers and the T&S commercial business.
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Provide in-depth and well thought through research and sovereign/sector analysis to help identify risk and drive strategy focusing on the external market and macro environment.
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Partner Commercial Credit and the Business through deal team - delivery of Credit advice, provide interpretation of policy and guide the businesses on the principles of sound credit management. Keep up to date on issues within the businesses through close relationships with the Commercial Credit and sales managers and reading information from industry sources. Involvement in New Business Proposals (NBP’s), Group Investment Proposals (Group Investment Proposals) and other high-risk activities.
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External Exposures – represent T&S Underwriting at regular External Events and seek to build strong external networks and relationships with 3rd party rating agencies (S&P, Moody’s etc.), Banks and Counterparties to ensure delivery of robust Credit Risk assessments and advice. Meet with senior stakeholders across the breadth of firms we have in the T&S portfolio to better understand the risk they pose.
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Continuous Improvement – look for opportunities to improve the Credit Assessment process including the tools we have available.
What we need from you?
Candidate will have a strong understanding of financial statements and an understanding of Credit Risk including the factors that impact the Creditworthiness of companies and the role the function plays in risk management. In addition, the Candidate should understand the mechanics of financial modeling such as building of models, cash flows models, or adapting outside models (S&P and Moody’s) to meet the needs of the T&S organization. Candidate will also have a passion to understand and keep up to date with the external environment.
We also hope to see the following attributes:
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Be the confident, self-motivated, and resilient type. An excellent communicator and enjoy collaborating.
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Build effective relationships across the team, the business, and our shared service centers
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Demonstrate strong financial acumen including comfort working with and assessing counterparty financial statements
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Strong commercial understanding, especially the ability to balance speed, cost benefit and long-term relationship management
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External mind-set and natural curiosity to understand the external environment and the impact is having on the T&S portfolio.
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Proven experience in analyzing complex issues, managing a demanding workload effectively in a constantly changing and pressured environment whilst ensuring deadlines are met.
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Remain open to different perspectives (i.e., from other businesses & locations) and can switch priorities at short notice.
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Enjoy an environment that focuses on constant improvement and ownership, on personal and professional development, and efficiency. Interested and motivated by understanding how your work affects the overall goals of the company.
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Have the ability to influence and persuade through personal credibility and integrity
About Shell UK
Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.
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 be adding your talent and imagination to a business with the ambition 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, everyone at Shell does their part.
An inclusive place to work
To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential…
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We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
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We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
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We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
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We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
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.