We are looking for a Middle Officer to join an Oil Trading House in our client's Geneva office.
This role will include following up of both crude and oil physical books, compiling the daily positions to hedge and perform hedging on the market, in line with the hedging strategy of the company.
Evaluate market dynamics in order to propose best hedging strategy in order to ensure:
Plain Vanilla hedging on 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 and propose appropriate improvements
Manage trigger contracts with Marketing division, subsidiaries and clients
The role will also include ensuring appropriate Middle Office activities in particular 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 terms of strategies/books
Experience & Key skills
5-8 years’ experience in a similar role in Middle Office
Good working knowledge and understanding of all aspects of hedging, trigger contracts, deal execution
Networking and Team Player skills.
Fluent English and knowledge of Italian would be useful
Good knowledge of CTRM systems and CXL knowledge would be a plus