MidFull TimeEN
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Job Description:
What’s the role
Shell Trading provides a comprehensive portfolio of products and services associated with crude oil, refined products, natural gas, electrical power, chemicals, and Freight trading based in the UK, US, Singapore, Netherlands, Bahamas, and United Arab Emirates. The purpose of this position is to lead the Global Derivatives team as a leader of the community.
The Trading Settlements processes are complex, risk exposed due to ever changing regulatory environment and often time critical. The critical processes and complex system landscape often demands to work in close co-operation with different teams (Traders, Operations, FIB, Tax, Planning & Reporting, Financial accounting, Process Expert etc.) within the Trading business and across various Trading locations.
Finance Operations processes transactions worth billions of dollars with third parties for Trading and hence poor process performance would have a significant impact on Group profitability, cash flow and reputation. Trading also has significant transaction numbers and value with Group Companies, and hence suboptimal process performance can create significant issues between Trading and other Group Companies. Additionally, the Finance Operations team will need to provide top quartile support for the future growth needs of what is a vibrant and continually developing Trading business.
Additionally, a key aspect of the role will be to manage and develop a maturing organization. This will include staff and position planning and further work on building business and process knowledge to underpin the ongoing operations. In addition, there are numerous new business opportunities / entities that are being set up and FO TS support to these new businesses is seen as a critical piece. In summary, the role provides an excellent opportunity for a motivated individual to quickly gain knowledge of a fast-moving and exciting business, to gain leadership experience, and of managing operations that are progressing towards top quartile performance.
What you’ll be doing
The purpose of this position is to be the Operations Manager Global Derivatives (ERA) and lead a team of finance professional who operates various processes in Derivates (ETD and OTC segments) for all regions. The teams include Global Exchange Traded Derivatives who operates various process that cover Live trade reconciliation, T+1 reconciliation, Trade book to financial reconciliations for dry segments, VM/ IM settlements. The processes also cover reconciliations for all entities handling business segments such as Crude, Products, Gas, Power and Emissions, collateral margining, execution and exchange brokerage/ fees payments, VM-MTM netting, month end reconciliation for clearing brokers and accompanied financial disclosures, and inter-group balancing.
This role will lead a team that is accountable to deliver accurate and timely Trade book to financial reconciliation for paper derivatives (Global), insightful analysis and management information for month end and quarter close financial transactions for derivatives to the controller’s organization and Finance in Business and ensure operational effectiveness of underlying controls (RDS KS/ KNS). The incumbent is also expected to play an active role in major transformational projects along with driving digital initiatives brining efficiencies and improvements to simplify processes and maintain a healthy business stakeholder interface.
The role works closely with stakeholders globally including Trading Commercial and Operations teams, Market Risk, Finance in the Business, IT, Technical & Derivative Accounting, and other business partners to ensure the process deliver top quartile performance.
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What you bring
Additional Information:
What we offer
You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.
An Inclusive & Progressive Place to Work
Shell in India
Shell is a diversified energy company in India with 13,000 employees, and presence in Integrated Gas, Downstream, Power, Renewable and Upstream. Additionally, we have deep capabilities in R&D, digitalisation, and business operations.
Our global strategy, Powering Progress, is designed to generate value for our shareholders, customers, and the wider society, and focuses on creating more value with less emissions. The strategy supports our purpose of providing more and cleaner energy solutions, with the aim of profitably transforming Shell into a net-zero emissions energy business by 2050. As India moves towards its target of net-zero emissions by 2070, Shell India aims to play a leading role in securing vital energy for today, while investing in, and helping to build, the energy system of the future through strategic investments in the country.
Our Lubricants business serves over 50,000 consumers through a strong network of over 200 distributors, and operates an end-to-end value chain that spans conceptualization, development, and production at a world-class blending plant at Taloja. Through our 350-plus retail stations, we offer an integrated mobility experience including fuels, cafes, and convenience stores, with a prominent network of EV recharging facilities.
Shell owns and operates a LNG re-gasification terminal at Hazira, Surat, with a capacity of 5 MTPA and a LNG truck-loading unit that plays a crucial role in helping meet India’s growing demand for gas across sectors. In 2022, Shell acquired Sprng Energy in a $1.55 billion deal to build an integrated energy transition business in the country. Sprng is a leading renewable energy company in India which develops and manages solar, wind, and hybrid power generation facilities and infrastructure.
Our three capability centres across Bangalore and Chennai serve as a technology and innovation powerhouse for Shell globally, working as a delivery engine for core technical, digital, and finance processes: pioneering digital innovation and cutting-edge technologies across the energy sector. We also have strong academic partnerships and collaborations with leading universities and technology institutes to accelerate decarbonization efforts within the energy sector.
We are committed to positively contributing to the communities in which we operate through programmes on STEM Education, Skilling, and Livelihood across India. We nurture and invest in startups developing initiatives focused on accelerating energy innovation through programs such as Shell E4 and Shell Eco-marathon. We also have strategic investments in new energy companies such as Husk Power, d.light, Orb Energy, and Cleantech Solar.
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