Risk Control Analyst - Oil Derivatives, Power and Emissions

​We have an excellent opportunity for a Risk Control Analyst with a leading energy company in central London.

Role responsibilities

  • Perform daily validation activities, making sure all physical and financial energy transactions (potential focus on Oil Financial Derivatives / Power and Emissions) are duly and timely captured and validated accordingly to the company procedures

  • Perform daily validation activities of relevant price information (spot/forward), making sure all relevant market data information is duly and timely validated accordingly to the company procedures

  • Support the physical and financial transactions end of day process in the relevant ETRM systems guaranteeing the timely generation of Position and PNL reporting

  • Perform checks on un-authorized trades and monitoring of mandates/limits (tenor/quantity/value etc.);Perform daily market conformity controls to monitor both physical and financial transactions

  • Ensure compliance with all internal and external regulations;

  • Ensure all internal & external audit requests/issues are promptly addressed

  • Guarantee the necessary activity related to the month-end and quarter-end checks for physical and financial energy transactions (potential focus on Oil Financial Derivatives / Power and Emissions)

  • Support automation efforts by driving greater use of systems within the Trade Control team, eliminating manual spread sheets and fully support the implementation of relevant controls directly into the trade capture systems

  • Work with ICT to drive necessary developments

  • Act as dedicated MO interface with confirmation/ contracts/ operations department

  • Guarantee the appropriate level of support to Middle Office function for what concern New Products/Non Standard initiatives’ approval

  • Monitor procedural compliance for the new Financial Regulations (EMIR/Dodd Franck/REMIT/MiFID II) on first level control execution (reporting, reconciliation)

  • Build good working relationship with internal (FO, BO, Risk, IT, Finance, Sox, Audit, Compliance etc) and relevant external stakeholders (auditors, clearers, brokers etc)

  • Act as a back-up to cover other trade control members across Trade Control team

  • Coordinate stream activities to execute ad hoc demands

  • Deal with ad hoc requests/analysis.

Reporting relationships

  • This position reports to the Trade Control and Operational Risk Manager and has the following main interfaces:

  • INTERNAL: Front Office, Back Office, Accounting, IT, other Middle Office units; Operations, Finance, Shipping.

  • EXTERNAL: Clearing Houses, Brokers; Auditors, relevant industry contacts.

Skills and experience

  • Relevant experience within a Product Control/Market Risk/Middle Office/Risk management environment in a commodity trading company

  • Direct energy commodity market experience preferred, specific knowledge of Oil Derivatives market is a plus

  • Exposure to financial instruments related to energy products

  • Advanced knowledge of risk metrics and internal control systems applicable for physical and financial transactions

  • Knowledge of control processes applicable in a trading / regulated environment

  • Advanced knowledge of exchanges (i.e. ICE, CME, NYMEX, DME), Platt’s Market on Close (MOC), E-window, and any other trading platforms

  • Knowledge of market venues, their practices and procedures especially in relation to product/trader set up and the systems interfaces between the exchange and the trading business

  • Highly organised, good attention to detail and ability to work with tight deadlines

  • Ability to build and nurture effective relationships internally and externally

  • Knowledge of one or more of IT systems would be an advantage (i.e. Endur)

  • Strong and solid knowledge of Microsoft Office suite including excellent Excel and VBA skills, Matlab knowledge a plus

  • Strong academic credentials with a numeracy-oriented specialization, preferably Finance or quantitative discipline

  • Controls oriented mind-set

  • Innovation, pro-activity and efficiency, dedication and result oriented approach to work

  • Structured and logical approach to problem solving

  • Good communication skills, with the ability to build and nurture effective relationships internally and externally

  • Flexibility and adaptability to work in rapidly changing environment

  • Good team worker and have an experience of working in an international and multi-location organization

Please contact Orit Brown for more information on +44 (0)1565 626767 or orit@elevenrecruitment.com