Environmental Products Trader

Profile

California, United States of America

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

June 9, 2022

Business unit:

Downstream

Experience Level:

Experienced Professionals

Job Description:

What is the role

The role is as an Environmental Products Trader within the Global Environmental Products Trading Business (EPTB) based in San Diego. You will be expected to work alongside colleagues to build a profitable trade book, seeking out exposures that add structure, build flow, and embed optionality across the short and medium term. You will be working in a rapidly evolving business area, often in challenging regulatory and legal environments, requiring you to be innovative and capable of building deep commercial relationships with customers and counterparties.

Shell Energy is an industry leader and the key face to the market for Integrated Gas, providing more and cleaner energy across a global portfolio of LNG, gas, power, and environmental products to meet our suppliers’ and customers’ current and future energy needs. S hell Energy is positioned to play a significant role at the heart of Shell’s Energy Transition. Through the growth of our gas, LNG, power, and environmental products businesses, we are supporting our customers’ desire for more and cleaner energy. Shell Energy’s Ambition is to be the Leading Global Provider of Energy Products and Services; the Leader in Cleaner Energy Solutions; the Most Trusted Energy Partner; and a Winning Team.

The Environmental Products Trading Business (EPTB) operates in environmental product markets across the globe and has the following objectives:


Build Portfolios and Optimize: We leverage deep understanding of compliance and voluntary markets – and the connections between them – to capture opportunities across market mechanisms, geographies, methodologies, vintages, contract duration and type. We integrate perspectives from all demand sinks and supply sources in real time to take proprietary positions across the environmental value chain. This leads us to build portfolios that warehouse significant optionality, structure, and risk, with the objective of optimizing returns.

Risk Manage, Develop Structure, Take Positions: We warehouse risk – price, volume, credit, liquidity, reputation, technical, quality, operational, regulatory to name several – and pursue diversification & mitigation of these in our portfolio construction, structure development and option creation. This informs our proprietary position take, leading us to capture outright price movements from intraday through to multiple years.

Manage External Relationships: We are experienced in building long lasting relationships with third parties, from ideation through to start up and into material production or offtake. We are proficient in connecting the financing, commercial terms, operations, systems, and platforms that enable sustained delivery, continuously refining these in the pursuit of efficiencies and scale.

Agility: We anticipate new products and opportunities, pivot quickly and build positions ahead of market evolution. As examples: adapting to new restrictions, reinventing business models, commercializing emergent technologies and interpreting regulatory changes in and across the markets we participate in.


EPTB is a highly capable and creative global team with collaboration, humility, and a quiet determination at the core of our culture and identity. The role will require the individual to lead by example within this community and beyond, fostering effective relationships throughout the global team and across functions within SE-EE.

EPTB Americas is mandated to trade environmental products – regulated and voluntary - across all the Americas i.e., North, Central and South America. The desk is currently active in carbon markets in California, Quebec, Alberta, and the Regional Greenhouse Gasses Initiative (RGGI).

Reporting into the RTL Americas, you will primarily be responsible for meeting targets for Gross Margin, seeking out exposures that add structure, build flow, and embed optionality across the short and medium with an emphasis on material and sustainable contributions.

Your primary focus will be to accelerate book building in markets of existing capability; namely, the Western Climate Initiative and the Regional Greenhouse Gas Initiative. The emphasis is on growing new, scalable, and sustainable income streams. Further, you will be expected to contribute to EPTB’s expansion into new products and new markets.

We require a creative, profit focused individual with excellent analytical skills and capable of contributing to our team ethos. Working under tight deadlines and conflicting pressures, the candidate will prove able to continue delivering to an excellent standard, with clear focus on the bottom line and priorities in hand.

This role is a challenging position with excellent development opportunities across T&S and the wider Shell group. Shell expects to play its part in contributing to the global effort to tackle climate change. This role is at the sharp edge of that challenge, requiring a confident and self-motivated individual with a strong passion for pursuing Shell’s Net Carbon Footprint ambition. We are interested in attracting people to our business who share our core working values of honesty, integrity and have respect for others. We also want those who can build on our business vision, are prepared to accept accountability, and can achieve great results through teamwork

What we need from you


Must have legal authorization to work in the US on a full-time basis for anyone other than current employer.
Bachelor’s Degree required.
Significant commercial experience in trading, carbon market and origination roles, with ability to influence customers and counterparts at the most senior level. Strong quantitative skills, the ability to progress complex negotiations and to structure/monetise optionality are essential.
Programming knowledge, especially Python, is highly desirable.
Ability to build trade books, develop/structure exposures, manage price risk and monetize opportunity. Clearly advantageous to have done so in American Environmental Product Markets. Experience in trade execution, managing trading exposures and generating value from optionality essential. Knowledge of “life-of-the-deal” process should be part of your toolkit.
Excellent communication, relationship building and presentation skills. To illustrate, the ability to present a compelling business case to senior management detailing the opportunity space, implementation plan, resources needed and the expected returns. Be able to build deep relationships with key stakeholders: customers, counterparties, senior leaders, exchanges, and regulators. English fluency requisite.
To be able to originate and structure the first deals, then “industrialize” the process so the deals can be easily repeated in scale.


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, whilst 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 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 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.

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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 authorised Shell representative and you are strongly advised to refuse any such demand. Shell participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.

Company info

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