£40000 - £50000 per annum
OVERVIEW We have an exciting opportunity for a Financial Accountant with an International Trading Company who are looking to expand their team . The role will be based in London DUTIES AND RESPONSIBILITIES SKILLS AND COMPETENCIES Ensure Period End close activities are performed according to agreed close schedules Reconciliation of PnL between ETRM and SAP Balance sheet reconciliations for banks, clearing accounts and inter-company transactions Ensure accurate implementation of IFRS standards Create and submit journal entry for review and approval. Perform General Ledger reconciliations and maintain supporting documentation. Prepare Financial reports (run trial balance reports etc.) and prepare regulatory reports as required (statutory / tax / other). Creation of payment proposals and maintenance of open items Support the annual external audit and other ad hoc requirements EXPERIENCE Part-qualified actively studying towards CIMA or ACCA Experience of SAP and two to three years' experience working in a trading organization is desirable REMUNERATION £40-£50kpa
£85000.00 - £100000.00 per annum
OVERVIEW Global trading company is looking for a Systems/Data Analyst/Developer who is bright, able to work in a number of different environments, and is a pragmatic and adaptable problem solver. This is a hybrid role that straddles the Risk/Product Control and IT Development, and will cover a wide range of data projects and applications in the company's Oil Division. The projects and applications address a number of areas, ranging from pre-trade Analytics systems, through instrument pricing and valuation, to stress testing, and reporting. The role will suit someone who has keen interest and curiosity in data related subjects, system analysis and complex query/report writing - preferably in commodities or financial services. The candidate will have good exposure to one or more database technologies including SQL Server, Oracle, Sybase ASE, and Sybase IQ. Prior exposure to Reporting/OLAP tools such as Business Objects and Tableau is also desirable. A strong academic background, with good mathematical/science fluency, will count in your favour. Enthusiasm and an ability to think "out-of-the-box" will be valued, and knowledge/understanding of commodities businesses will be an advantage. You should expect to "roll up your sleeves", and get involved wherever necessary to ensure successful project delivery. KEY RESPONSIBILITIES Work as part of a hybrid Risk/IT team, designing, building and operating data-rich IT solutions for product control and market risk reporting/valuation functions Liaise with users to understand system problems, determine desired system behavior, trouble shoot to find solution and specify required system changes to IT. Design and develop application enhancements according to agreed coding standards and quality targets Participate in code reviews and unit testing Become fast learner of an in-house valuation, analytics and reporting systems in order to provide operational cover, system trouble shooting, and with time participate in projects to further enhance system functionality.. KEY COMPETENCIES Attributes: Strong problem solving skills and the ability to devise and present practical and pragmatic solutions in a coherent and articulate manner Interest in data science and data technologies, eager to learn and contribute to innovative project ideas and solutions (as well as legacy solutions) Understanding of what is an efficient and well-engineered data solution Approachable with a willingness to share information & knowledge and to work with others to help the team achieve success Skills: Strong SQL skills and exposure to one or more database environments, e.g. MS SQL, Oracle, Sybase, MySQL etc. Exposure to one or more reporting/OLAP technologies, e.g. Business Objects, Cognos, Tableau. Good understanding and awareness of modern analysis and design techniques Strong interpersonal and communication skills (both verbal and written). Problem solving skills and the ability to develop innovative solutions to problems. Communication & Influence: Ability to communicate confidently with a wide range of people Communicates in an open, candid, complete and consistent manner REQUIREMENTS At least 2:1 BSc/BA in a Mathematics, Sciences or Engineering degree. Post-graduate qualification in same area also useful Experience in designing and developing applications within a commercial organization a distinct advantage Knowledge of Commodity - oil an advantage - or Financial trading also an advantage
Structured Products Junior Analyst
£40000 - £45000 per annum
THE ASSIGNMENT This role is within the Middle Office Structured Products team responsible for the strategic and tactical development of Middle Office function for Structured Products considering the company's current and future requirements. As the business moves from "risk-free" back-to-back complex product transactions towards managing complex products internally, the role will support setting up the necessary modelling, valuation tools, methodologies and processes allowing ETS Middle Office to properly value, control and report structured products, ensuring compliance with Company Policy and Procedures. The role's will be highly quantitative. Its main function will be to assist in providing the company with the capability to value, monitor and risk manage a range of asset-backed structured products that will be managed by its front office. These structured products will take the form of exotic options that become available as a result of the group's physical energy business. The role may also involve some work on risk analytics for the whole of Market Risk. The successful candidate will work closely with a number of other departments, in particular Front Office, IT and Back Office, as developments of platforms for structured products are made. MAIN JOB FUNCTION The job holder will be responsible for: Supporting the activities required to expand the structured products function within middle office. Assisting in providing the company with the capability to value, monitor and risk manage a range of asset-backed structured products that will be managed by its front office; Generating, checking and understanding daily reports for P/L, position control and VaR related to the structured products activity. Dealing with an ad hoc requests related to risk analytics for the whole of middle office; Liaising with finance, accounting, back office and IT areas to ensure that deals are correctly booked, reported, accounted for and reconciled. KEY RESPONSIBILITY AREAS: To implement pricing models, both internal and third party, that are proposed for valuing and risk managing structured products. This may involve assisting in the development of proprietary models for valuation by the quant team and checking their results; To liaise with both front office and finance on the choice of valuation methods and the reasons for their selection; To ensure that the monthly closing P/L reports are generated in an accurate and timely manner and that these results are correctly reconciled with those generated by other areas of ETS. To assist in obtaining approval to trade new structured products. This will involve writing papers to describe the characteristics and risks of proposed structured product trades, liaising with other relevant departments in the company to ensure they are able to handle the products in their daily processes and obtaining approval to trade from Risk Committee; To propose and develop methodologies and tools for calculating risk measures appropriate to the various commodity markets within ETS, and to work closely with individuals in MO Commodity functions (e.g., MO gas, power, CO2 and MO Oil) in order to effect consistent implementation. Close liaison with the Finance department will also be required. To develop risk management processes for regular monitoring and reporting of structured products and their associated hedges, and to implement these processes. This could involve writing programs in order to streamline and automate them; To produce standard ETS Middle Office reports on structured products, including P&L and explanation, VaR, limit reports. to improve risk analytics for the whole Middle Office, including stress testing and scenario analysis. REPORTING RELATIONSHIPS This position reports to the head of Middle Office Structured Products, in the Market Risk Department in London and includes the following interfaces: Internal - front office, back office, IT and other middle office units on a daily basis; Internal - finance department; External - relevant industry contacts. CANDIDATE SPECIFICATIONS: Strong academic credentials to degree level at least, with strong mathematical content; Highly quantitative background; Experience and good understanding of energy markets and the financial instruments commonly used in oil, gas, power and emissions markets; Experience and understanding of commodity options on physical assets including storage, swing, optimisation, optionality in physical oil terms. Good understanding of risk management concepts such as value-at-risk, stress testing, scenario analysis and liquidity adjusted VaR; Practical experience in one or more of the following sectors: banking, energy and finance; Thorough understanding of options and the mathematics involved in their pricing; Good knowledge of Excel and VBA programming; Practical experience and knowledge of Matlab. Highly organised, structured and analytical, with practical problem solving skills; Business development attitude (with honesty and integrity); Innovative and efficient; dedicated and results orientated; Excellent negotiation and communication skills, with the ability to build and nurture effective relationships internally and externally; Attention to internal procedures and policy compliance; Flexibility and adaptability to work in a rapidly changing environment. Self-disciplined and stress resilient; A full command of English language (written and spoken). Knowledge of Italian language will be beneficial; Experience in working in an international, multi-locational organization would be an advantage. LOCATION Role may require business travel within the UK and abroad. CONTRACT & REMUNERATION: Competitive remuneration package commensurate with experience and skill sets.
Risk Manager (FTC)
£35000 - £38000 per annum
OVERVIEW Global trading company is looking for a Risk Manager (FTC) The successful candidate will demonstrate excellent attention to detail, communication and organisational skills. Ability to work as part of a team, ensuring crucial deadlines are met whilst delivering high standards at all times. The ideal candidate will able to demonstrate a competent level of knowledge around the clearing process for oil and gas contracts and in particular understand the pricing and settlement mechanism associated with such contracts The candidate should be able to demonstrate the ability to undertake a review of systems and controls and successfully deliver solutions. 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 Performing analysis to find ways of optimising the company's Initial Margin (IM) exposure and recommending potential market switches inorder to reduce the company's IM exposure. Weekly management reporting on the Company's IM exposure Independently query, challenge and resolve reconciliation discrepancies with the Clearing House and Trading Desk 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. Reconciling and settling Brokerage invoices. Undertaking Brokerage fee analysis and providing recommendations to Traders of ways they can optimise their fee exposure Performing system and control audits and successfully delivering solutions to remove bottlenecks. Build and maintain effective relationships with all areas of the business, particularly with Front Office, Compliance, Credit and Risk Managers General administrative duties required.
£50000 - £60000 per annum
Overview An exciting opportunity to join a top tier Commodity Trading/Investment company looking for a Trade Finance Specialist to join its expanding team in London. Responsibilities; Communicate with banks the deal and update on status Give treasury updates on cashflow of transactions Protect the company's and the bank's security with in the deal Checking of trade contracts Performing mark to markets on storage positions Checking for collateral and signing off on payments once all in place Liaise with operations on transactions Follow payment flows within transactions to ensure timely payment (both out and in) Issue import and present under export letters of credit. Arrange documentary collections and follow the flow of original documentation through the transaction. Arrange confirmation and discounting of export letters of credit. If you meet the above requirements and this opportunity is of interest, please contact Sarah Stott on 07974 194008 for full details. Alternatively apply directly via Eleven Recruitment is working as an agent on behalf of a client for this role. We have been working with some of the world's leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon. To learn more about our business and to see details of our other vacancies visit www.elevenrecruiment.com Eleven Recruitment is acting as an Employment Agency in relation to this vacancy. All applicants for these jobs should be able to prove they are legally entitled to work in the UK.
£40000.00 - £50000.00 per annum
OVERVIEW An exciting opportunity has arisen working for our client who is an international trading company looking for a qualified Accountant based in London. The role will consist of; Ensuring accurate and timely submission of financial information Updateand maintain BS reconciliations Collate management information as required DUTIES AND RESPONSIBILITIES Prepare, review and post AR and AP entries Prepare GL entries and posting of the assigned company Prepare bank reconciliation, and adjusting entries Account for staff expense claims Review the vendor payment process Analysis of keys accounts and expenses Prepare Balance Sheet schedules Monthly closing and preparation of Management and Statutory Accounts Assist in company's year-end audit Assist in updating the Accounting Manual Any other ad-hoc duties assigned EQUIREMENTS SKILLS AND COMPETENCIES Proficient in MS Office including Excel (intermediate to advanced) Excellent communication skills Good organization and time management and team working skills Experience with MS Dynamics preferred ATTRIBUTES Be keen to learn, understand and take on new tasks Commercially aware Be self-motivated and capable of using and applying their initiative to new situations Excellent attention to detail Excellent analytical ability Team-player and able to work independently Pleasant personality with the ability to communicate effectively with individuals at all levels Interested in continuous process improvement EXPERIENCE Working Experience Minimum 3 years post graduate experience Working in similar environment is desirable but not essential EDUCATION ACCA or CIMA qualified REMUNERATION £50,000pa
£45000.00 - £75000.00 per annum
OVERVIEW Our client is a Tier 1 Investment Bank who are an innovative organisation with an excellent reputation, require a Gas Analyst to be based at their offices in London DUTIES AND RESPONSIBILITIES Maintaining and improving the supply and demand models for the European power and gas markets Developing models to forecast inputs to the supply and gas model like demand, storage, field production models etc Investigate news and issues that could change the supply and demand balance in Europe like policy and regulation changes, price moves, infrastructure issues, macro etc. Work with the traders to forecast price moves and develop trade ideas. Monitor price changes and the teams position in order to identify risks and opportunities and advise on positions. Run scenarios on fundamentals in order to assign probabilities to price outcomes and better understand the market risks and opportunities. Develop the LNG modelling capability. REQUIREMENTS Strong numerical skills a must with the ability to mentally manage a large amount of market information. A degree in statistics, mathematics, economics, engineering, or equivalent would be advantageous Advanced programming skills, with VBA or Python a clear advantage Excellent understanding of the gas & power market drivers European Gas and Power Supply Infrastructure knowledge essential. Previous experience in the European gas markets with robust understanding of market drivers. Previous exposure to modelling supply and demand forecasts and tightness reports is highly valued You must be able to communicate comfortably with work colleagues and stakeholders across the business Be able to work under a pressured environment Strong team player with strong verbal & written communication skills
£40000 - £50000 per annum
OVERVIEW A growing energy company are searching for a Contracts Analyst to join their expanding Contracts team. The role is responsible for management, administration and co-ordination of contractual agreements which support the buying and selling of physical crude oil, refined products traded commodities and paper derivative products. This role is not a legal role, but a mid-office internal and external facing commercial role. DUTIES AND RESPONSIBILITIES Ensuring company business interests are safeguarded by the development, preparation, review, execution and/ or amendment of general terms & conditions and contractual agreements Close liaison with key internal stakeholders to facilitate functional review when drafting general terms & conditions, agreements, updating precedent agreements, and negotiating external customer terms Effectively communicate with internal stakeholders regarding contract status, acceptability of contract terms and the commercial and legal implications of contract issues Provide support and maintenance of general terms & conditions in compliance with all applicable law, regulations and company policies Promote the development of better, faster and smarter processes in line with company goals and reporting requirements REQUIREMENTS SKILLS AND COMPETENCIES Legally authorized to work in the United Kingdom on a regular, full-time basis without restrictions Experience in commodity trading and/or in contract administration strongly preferred In-depth understanding of the movement of goods and Incoterms essential Excellent communication skills, both verbal and written on all levels Exceptional organisational and planning skills to deliver against tight deadlines. Relationship building capabilities, with strong interpersonal and influencing skills Strong team work ethic Able to analyse documentation and ensure attention to detail whilst dealing with ambiguity Proactive inter-dependent worker/ works within agreed parameters/ knows when to seek guidance from legal and functional experts, as required Champions personal leadership and continuous improvement Competent aptitude working with trading systems and Microsoft skills
Senior LNG Market Risk Analyst
£80000 - £100000 per annum
OVERVIEW Our client are looking for a Senior LNG Market Risk Analyst to join their Market Risk & Middle Office Team to evaluate all market risks the business is exposed to with a specific focus on London Books. DUTIES AND RESPONSIBILITIES Responsibilities will include running local and regional VAR numbers, valuing options/greeks exposure, evaluating the performance of trading strategies and contributing to the enhancement and development of their market risk infrastructure. The Senior Market Risk Analyst will work alongside the Middle Office Team, and also be involved in the production of daily Position & PnL reports. Core Responsibilities:- Produce daily VAR numbers for the London Trading Team, and cover other regional locations as required; Provide daily breakdown of options exposure and produce PnL explained by greek reports; Support the development of other risk metrics including stress-testing and liquidity analysis; Assist in the production of reports to provide senior management with a clear view of trading performance/risk; Provide support as necessary to the Middle Office team in the reporting of daily PnL and positions to the front office; Support the risk manager in the evaluation of new projects, new business, and any other analysis required by the business. REQUIREMENTS At least 2-3 years in an LNG focussed risk role. Strong experience in Market risk reporting and analysis. Good knowledge of VAR calculation, sensitivities & Greeks. VBA programming. PREFERRED Other programing languages (C# for example) Exposure to LNG and/or NatGas risk reporting. Exposure to Freight Trading and risk reporting. Experience building stress-testing and risk evaluation tools. REMUNERATION £80k-£100k pa plus bonus and benefits
£85000 - £87000 per annum
OIL PORTFOLIO HEDGING/MIDDLE OFFICE SPECIALIST International trading company is looking for an Oil Portfolio Hedging/Middle Office Specialist to join its expanding team. To be based in Switzerland. Role: Follow-up of both crude and oil physical books, compiling the daily positions to hedge and performing hedging on the market, in line with the Hedging strategy of the company. Ensuring all Middle office activities linked to the books. Responsibilities: Evaluate market dynamics in order to propose best hedging strategy in order to ensure : Plain Vanilla hedging an all the crude, feedstock and products books in order to achieve average of the month benchmark Inventory hedging in order to protect volume fluctuations above or below minimum operational targets defined by the appropriate Group's functions Assure netting of positions between books through proper internal deal postings Evaluate hedging effectiveness of above an propose appropriate improvements Manage trigger contracts with Marketing division, subsidiaries and clients Perform apposite hedging deals on paper market; Proper liaison with brokers and other counterparties on derivative's market; Efficient and correct orders and deals execution; Ensure appropriate Middle Office activities by: Timely feeding CTRM systems or other risk system/tools with paper positions Proper liaison with traders, operations and Risk department Liaison with It Department for proper configuration of CRTM system in term of strategies/books
Senior Contracts Negotiator
£55000 - £65000 per annum
OVERVIEW Leading global energy and commodity trading company require a Senior Contracts Negotiator to join their Contract Team DUTIES AND RESPONSIBILITIES The main duties and responsibilities of the job holder are: Drafting and negotiating industry standard trade contracts for physically and financially settled energy commodity trading, such as EFET, ISDA, CSA CPMNA and other and bespoke documents, such as Brokerage Agreements & Regulatory Reporting Agreements Interfacing with the relevant business units at ETS/ENI, i.e. Credit & KYC, Legal, Commercial, Tax, Regulatory Corresponding with external counterparties Preparing contractual documents, letters and notes Preparing briefing notes and approval forms in association with contractual negotiations REQUIREMENTS EXPERIENCE Work experience within the energy industry and trading business Understanding of European power, gas and carbon market Understanding of and experience drafting and negotiating general framework agreements used in the European energy trading world Understanding of the compliance trading policies and procedures for the commodity energy industry Proven ability to meet tight deadlines and work autonomously as well as collaboratively with the team SKILLS Good knowledge of Microsoft Office suite Full command of English (written and spoken) language and knowledge of Italian will be beneficial EDUCATION University Qualified REMUNERATION £55,000k pa - £65,000k pa
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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