, United Kingdom Job Family Group: Trading Jobs Worker Type: Regular Posting Start Date: April 24, 2025 Business unit: Experience Level: Experienced Professionals Job Description: What's the role? The EED Derivatives team is the market facing trading team for Crude derivatives in WONA. The team are primarily responsible for execution, exposure management and market making of all Crude derivatives, as well as management of physical optionality and delta hedging. Key Accountabilities: To redevelop the physical option management model in python to streamline and automate the existing manual process. To build a front end for that model that will enable two way communication between the derivatives and physical desks to eliminate further manual work. To further develop the existing options back testing model to increase its functionality and use in strategy identification for all Crude derivatives. To further develop the options back testing model to increase its functionality as a tool for options market making and position management. To further develop the existing EED live prices database, including making it more easily accessible to the physical teams. Support traders in gathering data, maintaining price database, backtesting, scenario analysis, and identifying trading strategies. To develop pricing models as required by the EED Business Development team. Essential Skills Strong coding skills in Python. Exceptional quantitative skillsets with strong IT skills. Exceptional numeracy with strong analytical capability. Ability to investigate trading strategies through structured and established back testing methods, with guidance from traders and other team members. Working knowledge of core concepts and methods in computational statistics, predictive modelling, or machine learning. Understanding of oil derivatives contracts: modelling, pricing, and hedging methods Degree in quantitative subject (e.g. Physics/Mathematics) Effective teamwork and communication skills, and the ability to demonstrate their successful application. Strong interpersonal skills and professional maturity. Ability to demonstrate a learner mindset, self discipline and a strong work ethic. Other information This role requires 100% adherence to all regulatory guidelines, Shell’s Policies & Procedures, Code of Conduct and Compliance Manual. - 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.