Make a difference
Do you like helping people? Do you like to make people smile? Are you passionate about putting people in a better place? Then you may have what it takes to join our amazing team?
The Senior Crude Oil Options Trader will be responsible for trading options and other related derivatives in US and global energy markets and in coordination with global market activity generated by Shell Trading's worldwide network. This is a fast moving, dynamic and successful trading team at the cutting edge of the Global Crude oil trading business which supports the Group's short-term requirements and longer-term strategy.
What this job offers you?
You will be part of the Trading & Supply Crude Oil Trading organization which is at the heart of Shell's Downstream business. You will be responsible for executing and trading crude oil options and derivatives managing and optimizing the physical supply chain, as well as creating value through proprietary trading.
Reporting to the Crude Futures and Options Team Lead, in Houston, this role will be responsible for the returns of the FFUSA Derivatives trading book, and the opportunity to drive its growth. As Shell's single interface to the US exchanges for Crude futures and Options transactions, you will be part of a wider global team of derivatives traders and deal structurers.
Your Accountabilities:
Contributing to managing a proprietary crude oil derivatives trading book through careful strategic analysis of the Crude, Products, markets using futures, swaps, and options.
Opportunity to trade complex basket options that create basis and implied products exposure.
Coverage assistance with other roles on the Houston team.
Part of the wider Global Crude trading team looking for synergies and global opportunities.
Confirming overall trade book accuracy on transactions/exposure/profitability.
Participation in a wide array of business development activities to find new sources of value from internal and external financial counterparties.
Single market interface (alongside other Crude options traders as part of the FFUSA team) responsible for market making and executing crude oil options to internal customers and on regulated derivative exchanges
Driving short and medium-term strategy.
100 percent adherence to all of Shell's Policies & Procedures, Code of Conduct and Compliance Manual.
Skills/Experience/Qualities we are looking for:
Candidate should have a proven track record in the following.
Must have legal authorization to work in the US on a full-time basis
Minimum of 5 years of combined crude and or products Options and derivatives trading experience. Other Energy options experience would be considered.
Successful energy commodities derivatives trading experience in initiating, implementing, and managing sizeable positions/strategies, which have generated consistent and substantial profitability over a number of years.
Extensive experience in pricing and managing risk around complex basket options.
Ability to code, develop and build complex options models would be a strong plus.
Business development experience in deal structuring and relationship building with third parties a strong plus.
Highly focused on bottom line profitability and proficient in risk/exposure management.
Excellent interpersonal skills, professional maturity and good work ethics are necessary to succeed in this role. Proven track record in interacting and managing customers and other stakeholders with good outcome in negotiating and concluding deals.
A self-starter with a proactive approach to problem solving and displays a strong commercial acumen and knowing how to adapt trading strategies in a fast-paced and evolving commercial environment. Team chemistry is a must.
The base salary range for this position is $157,000 - $235,000per year. Individual pay will be based on various factors, such as relevant work experience, education, certifications, skill level, seniority, and internal equity.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 3 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents.
Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell's US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html
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, while 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 a 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 in 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.
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 Royal Dutch/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 authorized Shell representative and you are strongly advised to refuse any such demand.
Shell is an Equal Opportunity Employer.
