Spc. Compliance Regulatory Reporting

Profile

Texas, United States of America

Job Family Group:

Finance

Worker Type:

Regular

Posting Start Date:

Business unit:

Downstream

Experience Level:

Experienced Professionals

Job Description:

Company description

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.

Shell Trading & Supply (T&S) is one of the largest energy trading organizations in the world with key hubs in Houston, London, Singapore, Dubai and Rotterdam. T&S supports the Shell Group through trading power, environmental products, biofuels, LNG, chemical feedstocks, crude oil, refined products and freight in trading hubs all over the world. T&S is active in most energy markets across the globe, sourcing from a wide range of suppliers and selling to a wide range of customers, both internally and externally to Shell.

T&S entities operate in a highly complex regulatory and legal environment and are subject to regulatory oversight by multiple government authorities such as the US Commodity Futures Trading Commission (CFTC), as well as other governmental entities across the world. There continues to be substantial change in applicable regulations and it is imperative that T&S complies with all laws, rules, and regulations that it is subject to.

Join us and you’ll add your talent and imagination to the compliance function supporting 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.

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.

Specialist Compliance Regulatory Reporting

What is the role

The Specialist Compliance Regulatory Reporting is a member of the Compliance Regulatory Reporting Team (“RRT”) within the Shell Trading & Supply (“T&S”) business unit, reporting to the Senior Specialist Compliance Regulatory Reporting. The RRT is responsible for the execution of Dodd-Frank and National Futures Association (“NFA”) reporting requirements, ensuring that T&S and its regulated businesses satisfy their regulatory reporting obligations.

The Specialist Compliance Regulatory Reporting is responsible for:


Supporting the Senior Specialist Compliance Regulatory Reporting to execute T&S’s ongoing regulatory reporting obligations, ensuring that T&S remains compliant with the reporting requirements under the:
Dodd-Frank Wall Street Reform and Consumer Protection Act;
Canadian Derivatives Reform Act (jointly referred to as ‘Dodd-Frank’ requirements or obligations); and
National Futures Association Regulatory Requirements.
Submitting and analyzing reports, monitoring alerts, and ensuring timely submission to fulfil T&S’s regulatory reporting obligations.
Understanding the logic and the mechanics behind the reports, including how updating a table behind the reports impacts the output.
Supporting the embedding of the new operating model and ways of working for the RRT.
Supporting the maintenance and improvement of RRT processes and controls, inputting into enhancement and automation initiatives where relevant.
Supporting RRT Analysts by providing daily advice and guidance in relation to their ongoing execution of business-as-usual activities.


The Specialist Compliance Regulatory Reporting is expected to:


Collaborate and work closely together with relevant business unit representatives and other compliance experts such as the Regulation team (on new and changing regulatory requirements), Policy team, and Management Information (MI) team (on internal compliance reporting).
Support the continuous improvement of RRT processes.
Identify, remediate, and escalate to T&S senior management any reporting errors within required timeframes, providing advice on their correct resolution.
Execute ongoing submission of regulatory reports, providing guidance and support for the RRT Analysts, determining when appropriate to seek further advice from the Senior Specialist Compliance Regulatory Reporting and T&S senior management or other experts on approvals, decisions, or appropriate next steps.
Execute regulatory reporting of errors as required, in liaison with the Regulation team and other experts across T&S.
Analyze complex business scenarios in the regulatory reporting space, undertaking a root cause analysis approach, identifying, and evaluating links and patterns.
Develop a range of practical solutions to business problems applying both regulatory and technology lenses to develop the best approach.
Build and maintain strong relationships with relevant stakeholders across the T&S business and functions, as required to support T&S’s reporting obligations, enabling effective partnering to develop fit-for-purpose solutions for T&S.
Be a subject matter expert on RRT matters within Compliance, supporting the Senior Specialist Compliance Regulatory Reporting with technical and regulatory insights and by keeping up to date with regulatory reporting changes and industry best practices.


Requirements

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 from an accredited university (or equivalent work experience) is desirable.
At least 7 years of experience in regulatory reporting / compliance / business risk and controls roles in energy trading organizations, energy banking, financial services, and regulators.
Knowledge of regulatory reporting requirements and a demonstrable, extensive experience of regulatory reporting processes.
Knowledge of Dodd-Frank reporting regulations, Energy Derivatives Markets, and Trade Deal Lifecycle.
Experienced in risk management systems (e.g. Nucleus, Open Link, Endur) and proficient in MS Excel and MS PowerPoint, with proficiency in one or more of QlikView, Access, Spotfire, Business Objects, SQL, Excel Macros, and TradeVault preferred.
Experienced assessing large volumes of data to provide relevant management information and a capacity to navigate the finance-orientated challenges associated with complex system implementation.
Proven ability to effectively deliver under tight, regulatory driven timelines.
A sound knowledge of one or more segments of the T&S businesses (including Crude, Products, Energy, LNG, Shipping, Operations, and Supply) is preferred and a strong understanding of trading instruments, trading strategies, and risk concepts.
Demonstrated excellent interpersonal and relationship building skills, including the ability to effectively interact with a global, diverse, and senior stakeholder group across T&S businesses and functions.
Strong communication skills and virtual management of interfaces.
Credible and persuasive in ensuring the needs of the business are fully understood.
Demonstrated ability to navigate complex and dynamic environments.
Willing to work in (1) Houston - One Thousand Main or (2) Eastgate Mall, San Diego, CA 92121


Compliance is a foundation of the way in which T&S does business and therefore integrity is one of the fundamental values that we are seeking as part of the Compliance leadership team. We believe integrity is the hallmark of a person who demonstrates sound moral and ethical principles during their work. Integrity is the foundation on which coworkers build relationships, trust, and effective interpersonal relationships. It is essential that the successful candidate will be able to give clear examples of integrity as one of their core values.

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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.

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