Options and Structured Products Manager

Profile

Texas, United States of America

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

April 17, 2023

Business unit:

Downstream

Experience Level:

Experienced Professionals

Job Description:

Where you fit in

The Options and Structured Products Manager will manage and grow a portfolio of assets, structured deal flow, and options in coordination with regional desks and origination. Supervises a team of 3 traders in directly achieving annual gross margin trading targets up to $40 million and optimizing GM delivery of assets sitting with regional desks. Manages physical and financial power, natural gas and options for speculation and hedging. Manages an extensive portfolio of intermittent and firm generation, customer load and non-linear deal flow across multiple ISOs. Develops long-term business and trading strategies while operating within existing Manual Authorities and contract parameters. Leads and maintains a culture where Compliance is a Priority and the highest standards of integrity and ethics are maintained in all interactions with industry participants, customers and internally with other team members and colleagues.

What is the role

This role will be responsible for the assessment, execution, and management of non-linear risk across the eastern US and ERCOT markets. The successful candidate will also be the lead trader on the desk and personally manage structures and options positions both standalone and in close alignment with regional desks. They will manage complex deal flow and build strong working relationships across trade desks, origination, and mid/back-office organizations.

Contributes and participates in the GM Trading’s Leadership team.

Manages a team of 3 individuals who trade power, natural gas and options. Optimizes a growing portfolio of generation (wind, solar, natural gas), customer load, and non-linear deal flow across multiple ISOs.

Delivery of gross margin up to $40 million annually and be point for structured deal flow, assets, and renewables to help Shell to achieve our Energy Transition goals and Power growth strategy.

Requirements:

Must have legal authorization to work in the US on a full-time basis for anyone other than current employer

Bachelor’s degree or higher in Business, Economics, Finance, Computer Science, Statistics, or similar. Master’s Degree preferred

10 years of experience in the relevant gas and power markets, trading experience with options, futures, forwards, and other derivatives

Demonstrated ability to make quick and well-reasoned decisions encompassing Compliance and Regulatory guidelines

Strong leadership track record of leading a team, developing staff, managing budget, focus on compliance, respect for colleagues, and the capacity to work across boundaries with other Shell Trading teams and Functional groups

Collaborates and works in partnership with internal teams such as Compliance, Finance, Credit, Legal, Structuring, Operations, Regulatory, Fundamentals, Contracts, Market Risk

Strategizes and coordinates with the Sales and Origination leadership and team to drive success through our origination business

Develops customer product offerings including complex multiyear structured transactions with the Sales and Origination team

Company description

Shell is a global group of energy and petrochemical companies with about 84,000 employees across more than 70 countries. We aim to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. We have expertise in exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals.

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.

Building on our core values, we aspire to sustain a diverse and inclusive culture where everyone feels respected and valued, from our employees to our customers and partners. A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions.

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.

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’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

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.

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.

We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

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.

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DISCLAIMER:

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.

According to the United Nations, the global population could increase to more than 10 billion people. A key role for society – and for Shell – is to find ways to meet the growing demand for energy, with less carbon emissions. We need people who dare to think differently – to take part in developing tomorrow’s energy solutions today.

Company info

Shell .
Website : https://www.shell.com