What’s the role

Shell Trading integrates a worldwide trading network with an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power, and chemicals and has larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Barbados. Shell Trading is one of the world largest energy traders and is a key segment of the Royal Dutch/Shell portfolio.

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What you’ll be doing

The UK Short Term Power Trading team forms part of the European Power trading organisation. The Shift Trader is part of a 24-hour shift team which is responsible for the commercial and operational management of SE-EA’s (Shell Energy Europe & Africa) power activities in the UK. The role involves working outside of normal office hours including weekends, bank holidays and overnight.

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The SE-EA power portfolio is an industry leading mix of thermal generation assets, flexible renewable generation (primarily wind and solar) and algorithmically controlled battery storage assets. The UK Power Shift Trading Team was the first team to ever control aggregated generation units in the GB’s balancing market and the first team to ever control storage assets via the use of algorithms.  The team continues to be the market leader in terms of short-term optimisation of physical assets.

Accountabilities:

• Actively trade power and interconnector capacities in the short-term markets, including day-ahead, intra-day, and balancing markets
• Utilize automated trading systems where feasible to respond to market changes instantly
• Analyse power and gas market trends, regulatory changes, grid stability, interconnector flows, and economic indicators that impact the power and interconnector capacity markets in GB and across borders
• Responsible for the accurate trade allocation, nomination and physical scheduling of power assets
• Manage bids and offers on interconnector capacities, understanding the dynamics of cross-border energy flows and their impact on power prices
• Coordinate with other desks, functions and system operators to align strategies and manage the portfolio’s exposure, particularly from renewables assets
• Ensure compliance with all relevant regulations and contractual customer obligations, including REMIT, the Grid Code and Shell policies

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We hope to see the following:

• Experience trading on exchanges, including qualification to trade UK power on EPEX and managing assets in the UK Balancing Mechanism.
• Strong quantitative skills, with proficiency in sophisticated trading and analytical platforms.
• In-depth knowledge of the GB and European energy markets, understanding key market drivers (e.g. weather, generation stacks, etc.) and trading regulations.
• Bachelor’s or Master’s degree in Finance, Economics, Engineering, or a related field.
• Excellent decision-making abilities, capable of performing under pressure in a fast-paced environment.
• Track record of managing risk and delivering profit
• A self-starter, with the ability and confidence to take ownership of issues, managing to resolution
• Team player with excellent communication and interpersonal skills
• Be flexible, working as part of a 24/7 shift team in London

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