Derivative Operations Analyst

​ We have a great opportunity for an Energy Operations Analyst to join a Global Commodities Trading House in Central London.

Job responsibilities

  • Reconciliation of the company’s daily cleared open position with the exchange as well as the daily margin call with the clearing house.

  • Independently query, challenge and resolve reconciliation discrepancies with the clearing house.

  • Drafting OTC paper confirmation for OTC trades and counterparty confirmation for OTC trades

  • Checking incoming OTC paper and electronic confirmations and chasing outstanding, and inbound, OTC paper confirmations.

  • Invoicing and agreeing settlements for OTC transactions.

  • Preform portfolio reconciliation as required by EMIR.

The ideal candidate will have:

  • Working knowledge of Physical Natural Gas/LNG/Physical Oil or Exchange Trade Derivatives (Cleared Products).

  • Front to Back Office understanding and strong product Knowledge in their current and previous experience.

  • Experience with the contracts side of a Back/Middle Office and exposure to ISDA/EFET confirmations.

  • Awareness or working knowledge of EMIR, REMIT and MiFID regulations – nice to have

  • 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