Middle Officer

  • Location

    Switzerland, Switzerland

  • Sector:

    Finance & risk

  • Salary:

    £85000 - £87000 per annum

  • Contact:

    Sarah Stott

  • Contact email:

    sarah@elevenrecruitment.com

  • Job ref:

    J6175_1545314307

  • Published:

    5 months ago

  • Expiry date:

    2019-01-19

  • Start date:

    ASAP

  • Consultant:

    #

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