Role Overview Excellent opportunity for an Analyst to join the growing team of a London based global merchant commodities firm specializing in energy. A great candidate will have commodities knowledge (metals preferred), strong quantitative and analytical skills, extreme attention to detail, and advanced Excel skills. Excellent career path and package. Job Description/Overview: The Middle Office team is seeking to hire a junior Analyst to join the team. The analyst will be responsible for collaborating with the other team members to accurately and consistently produce daily Profit & Loss reports for each of the commodity products traded by the Company, among other responsibilities outlined below. This role requires product knowledge, strong quantitative and analytical skills, extreme attention to detail, and advanced Excel skills. Job Responsibilities: Accurate trade entry into trading systems for various commodity groups, such as Oil, Natural Gas, Distillates, Ags, Softs, Metals, Steel, etc. Timely trade amendments Reconciliation of our derivate (futures and swaps) positions between trading positions and the Futures Commission Merchant thus resolving all trade breaks Preparation of daily price files from multiple sources, such as Bloomberg, Morningstar, Platts, Argus, trader derived marks, etc. Nightly P&L calculation for all lines of business Reconciliation of daily P&L outs between trader estimate and actual P&L run Publishing daily P&L reports to traders and upper management Updating/ maintaining trading system reference data, from book reporting structure to instrument creation. Job Requirements: 1-4 years of related professional Financial Services experience Prior commodities experience required Ability to work well in group environment – This is a collaborative team that shares responsibility across all business lines. Advanced Excel skills a MUST - Candidates, in prior roles or internships, must have demonstrated mastery of analyzing large raw sets of data using the following tools: Pivot tables, vlookups, hlookups, formulas (sumifs, etc.), manipulating AND building VBA macros. Other coding (like SQL) is a plus. Extremely detail oriented Ability to prioritize daily tasks according to business need, in collaboration with team members P&L experience in metals/concentrates preferred.
Business Development Control Analyst
Competitive remuneration package
We have an opportunity for a business Development Control Analyst with an International trading house in Central London. The Key responsibilities are: Supporting the company in its growth aspirations through effective risk management processes especially in new products and markets where the business may see opportunities to develop Reviewing Operational Risks that may require intervention so as to reduce exposure to the company Inform the business of risks that may impact their operational activity and seek solutions to resolve and mitigate Foster relationships within the deal lifecycle that encourage and empower the business to seek continuous improvements and be proactive in its risk management approach Ensuring Key Risk Indicators are identified/implemented with the relevant business owners that monitor identified risks of key processes and procedures and where required investigate any divergence from agreed thresholds/limits. Supporting the business if required on projects where subject matter expertise is required especially in reviewing updating or developing new procedures Reporting on a periodic basis (weekly, monthly, quarterly, annual) information that informs the business on its Operational Risk profile including but not exclusive to risk dashboard, trend reports, status updates and input into bench performance reports Employment contract Competitive remuneration package commensurate with experience and skill sets Skills Result oriented approach and proven ability to work under pressure and to tight deadlines Excellent analytical skills with the ability to identify risk trends. Outstanding problem solving skills with the ability to work with key stakeholders to develop and implement solutions to reduce risk Excellent interpersonal, presentation and communication skills to be utilised across multiple levels the organisation Ability to operate with minimum supervision on multiple projects. Must be able to prioritise workload in reactions the business and functional needs Requirements 3 years of experience working within a trading or origination role Operational Risk experience desirable but will consider candidates with knowledge of the trade lifecycle (i.e. Middle Office, Risk, Back Office Knowledge of Enterprise Risk Management frameworks would be an advantage but not essential Strong bias towards a particular product set rather than a generalist (i.e. LNG, Derivatives, Crude, Products, Power, Gas or Emissions) Strong and solid knowledge of Microsoft Office suite including excellent Excel and VBA skills, knowledge of Matlab would be a plus Proficient in English (written and spoken). Knowledge of Italian language would be an advantage but not essential
Risk / Energy Operations Analyst
We have an exciting opportunity to join an international commodity trading company based in Central London. KEY RESPONSIBILITIES Reconciliation of the Company’s daily Cleared open positon with the Exchange Reconciliation of the Company’s daily margin call with the Clearing House Independently query, challenge and resolve reconciliation discrepancies with the Clearing House Counterparty confirmation for OTC trades Drafting OTC paper Confirmations compliant with ISDA Definitions Checking incoming OTC paper and electronic Confirmations Chasing outstanding, and inbound, OTC paper Confirmations Invoicing and agreeing Settlements for OTC transactions Perform Portfolio reconciliation as required by EMIR Processing brokerage invoices, reconciling to statements and settling invoices Perform / validate market ad hoc operations – system static data amendments Reviewing systems and controls and independently driving projects to further better them Build and maintain effective relationships with all areas of the business, particularly with Front Office, Compliance, Credit and Risk Managers General administrative duties required EDUCATION & EXPERIENCE REQUIREMENTS Recent graduate or some relevant experience Previous experience in the back-middle office operations roles Supported Cleared and OTC business at an Exchange, Bank or similar Oil Market Participant One year relevant experience or knowledge with working with Exchange Cleared Oil and Gas contracts and OTC confirmation would be desirable
Senior Credit Risk Analyst
We have an opportunity for a Senior Credit Risk Analyst with an International trading house in Central London. Job Outline & Challenges Credit risk is involved in the majority of all energy transactions undertaken by the business. This can range from agreeing bilateral master trading terms for a gas trading relationship, to structuring the credit support for a long term crude oil contract. The role is to understand: What is the transaction(s)? What is the credit risk (€m)? Who we are transacting with? Quantitative and qualitative research and analysis, If/how this counterparty fits the Ets Credit Risk policy? Recommend and negotiate acceptable credit terms (e.g. payment) and credit support (e.g. guarantees) including analysing the impact on liquidity Measure the resulting credit exposure – developing models if required Present to the Risk Committee hot topic analysis or seek exceptions if required Ensure an adequate control environment is in place at all times As a Credit analyst you need to be inquisitive and interested in worldwide macro and micro economic developments that may impact on the financial strength of our diverse set of counterparties Person Specification The ideal applicant will have solid counterparty/credit risk knowledge acquired within a commodities house, energy company or financial services company that is active in physical commodity trading. Educated to degree level (minimum 2.1 or higher). Self-motivated with high energy levels and result-driven. Sound analytical and lateral thinking ability. Must be detail-oriented. Team player who can provide analyst cover within the credit team Demonstrating highly developed inter-personal skills, sensitivity to local cultural differences and the ability to communicate in a clear and concise manner is important to this position. Proficiency in Excel and VBA (or alternative).
Senior Risk Analyst
A leading trading house is looking for a Senior Risk Analyst to join the Projects & Reporting team. Assignment The Projects & Reporting team provides daily performance and market risk analysis to thr Management, Traders and other parts of the business. The team seeks to improve and centralise Risk Management within the business through the implementation of a robust framework and transformative IT projects. Excelling this area could lead to a range of interesting and challenging career options in the trading and shipping business. Key Responsibility Areas Leading projects to help improve our performance of all market risk functions including: Analysis of positions and understanding of how they fit within the firms risk framework. Positions may be both physical as well as financial; VaR calculation and analysis, ensure that the VaR metric is both complete and accurately reflects the risk of the desks P&L explains, Analysis of the P&L to help explain it in terms of the greeks as well as by asset including spread assets; Stress, Analysis and calculation of stress on an aggregate level as well as specific strategy level ensuring that the figure is accurate and has the support of FO as well as MO Lead ongoing projects (IT and other) in market risk team. These projects can be cross asset class and either designed to improve architecture, efficiency or risk metrics. Significant interaction within the market risk team will be necessary Candidate Specifications University degree in economics, finance / engineering / numerate discipline; Strong IT skills: VBA necessary, SQL, Python or other languages also beneficial. Experience of driving change through successful IT projects Knowledge of the market risk/ product control role from trading companies or banks. Knowledge of risk metrics such as VaR, stress testing, scenario analysis; Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony by Amphora).
With an enviable reputation built over 18 years, our risk and finance team are highly skilled at matching mid and senior level candidates with roles in the commercial downstream sector of the energy and commodity market. Alongside oil and oil products, we also cover gas, power, LNG, metals, coal, freight, soft commodities and the shipping industry.
We’ve watched candidates grow in careers in risk management, analysis, refinery planning and optimisation, derivative operations, settlements, accounts, contracts, treasury, compliance and legal.
We work with trading companies, investment banks and oil majors in London and Switzerland, as well as the Middle East, Singapore and USA and are proud to boast client relationships stretching back to 1998.
You can view our current vacancies above, or talk to us about your plans for growing your team.
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