Systematic Trading Book Lead

Job title:

Systematic Trading Book Lead

Company

Shell

Job description

, United KingdomJob Family Group: Trading JobsWorker Type: RegularPosting Start Date: October 7, 2024Business unit: Downstream and RenewablesExperience Level: Experienced ProfessionalsJob Description:An exciting opportunity to lead our Systematic Trading team, within Shell Trading and Supply’s, Commodities Derivatives Trading (CDT) business. We are looking for a seasoned professional with a proven track record in systematic trading within the Energy sector. As the Book Lead, you will be responsible for expanding the book, as well as generating, testing, and deploying systematic trading strategies. You will lead a talented team of Systematic Developers, Technical Leads, and Traders, collaborating closely with the Quantitative Trading team. Your focus will be on driving P&L growth and ensuring the seamless and compliant operation of our trading infrastructure.Where you fit inThe Commodities Derivatives Trading (CDT) team is expanding its global footprint in the Systematic and Quantitative trading space. We leverage recent advancements in technology, AI, and quantitative analysis to develop profitable algorithmic and quantitative trading strategies across various tenors and commodities within the T&S trading remit.Reporting to the RTL Derivatives Trading Europe and collaborating with the Quantitative Trading Book Lead, the successful candidate will be responsible for orchestrating CDT’s systematic trading business. This includes developing and managing the strategic direction, driving P&L growth, and identifying and mitigating key risks associated with running the business.What’s the role?You will be responsible for developing, implementing, and managing Electronic Market Making (EMM) strategies at scale across multiple commodities and exchanges. Additionally, you will develop, implement, and manage new algorithmic execution strategies for use by CDT and the wider Trading and Supply business. You will have P&L accountability for the strategies and a focus on trading book growth targets. You will be able to demonstrate and articulate a clear understanding of the risks and positions being taken and clearly reporting these risks is a priority.You will also be responsible for Line of Defense 1 (LOD1) monitoring arrangements and overseeing the day-to-day operation of systematic platforms and strategies, ensuring optimal performance and profitability. It is crucial to observe and strictly comply with all internal and external regulatory guidelines, including MIFID II & RTS6, as well as the Shell control frameworks, business principles, and Shell Ethics & Compliance manual.As the Systematic Trading Book Lead, you will also be responsible for coaching and educating colleagues. You will liaise with and support the Quantitative Trading team and its development pipeline. Additionally, you will develop and manage junior colleagues, helping them to grow and develop in their roles.What we need from youThis role is aimed at experienced trading professionals with hands-on experience in systematic risk-taking. You should have exceptional knowledge of the systematic trading landscape and exchange connectivity, along with an understanding of programming languages and FIX protocols. An undergraduate degree in STEM, Finance, Economics, or related fields is required, with a PhD or Master’s degree in one of these fields desirable.You must possess exceptional numeracy skills, strong analytical capabilities, and attention to detail. Demonstrated ability to learn new things and drive change to deliver results is essential. Clear communication skills, both written and oral, are necessary for team management and reporting to senior leaders.Desirable Skills & Requirements

• Market knowledge in energy and wider commodity markets.
• Previous experience using Python and PowerBI, with C++ experience desirable
• Experience in cross-commodity trading is desirable.
• Previous experience working with an established systematic team and/or quantitative team is desirable.
• Experience in managing teams and enjoys working with a diverse pool of co-workers.

Personal Attributes

• Demonstrates a high degree of pragmatism and a strong desire to deliver business value while maintaining exceptional standards of work.
• Exhibits resilience under pressure and a proactive attitude to overcome challenges.
• A collaborative team player with the ability to work effectively across different teams.
• Adopts best practice development techniques but remains flexible and open to changing approaches based on conflicting timelines and risks.
• Comfortable working in a flexible, independent manner on a variety of tasks, ranging from small unstructured items to large structured projects.

If you don’t see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they do not feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.Flexible workingWe are keen to support flexible working arrangements, subject to local regulations and legislative frameworks. If this is of interest to you, please describe in your application the type of flexible working arrangements for which you would like to be considered (e.g., part-time, job share).About Shell UKShell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world’s largest independent energy companies, operating in more than 70 countries.Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.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 one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.An innovative place to workThere’s never been a more exciting time to work at Shell.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 oil, gas and renewable energy to meet demand, 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 workTo power progress, 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.

• 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 workCombine 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.–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 is an Equal Opportunity Employer.

Expected salary

Location

London

Job date

Tue, 08 Oct 2024 06:39:08 GMT

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