We have an excellent opportunity to join a top level global Energy Trading Company based in London.
Working as a senior member in the Financial Operations team you could play a key role in the day-to-day functions across the various teams within Clearing Operations as well be involved in a wide variety of projects and process enhancements. Products covered are varied and include primarily (but not restricted to) oil derivatives, European power and gas, metals and FX.
Complete intra-day and EOD controls to ensure all processes are running and all trades are feeding from source to books and records systems
Respond to ad-hoc requests from middle office/desks regarding positions, broker setup requests
Exchange/CCP and broker reconciliations
Understand and report listed options and futures expiries to the trading desks and middle office
Aware of risks around the expiry processes on expiry day
Review KPIs on a daily basis to ensure aged items and outstanding issues are resolved in a timely manner
Ensure that all risk items are prioritised and escalated where appropriate
Work closely with multiple teams within the organisation and in multiple locations (IT, Credit, Scheduling, Trading, MO, Trade Finance)
Present business cases for self-driven or otherwise, initiatives and projects to senior management
Analyse and develop team procedures in line with market requirements
Setting up new entities on exchanges and with clearing brokers
Transfer of positions across clearing brokers, clearing accounts and exchanges, represented both internally as well as on exchange/clearing broker
Conduct due diligence for research projects and investigations of a specialised nature as requested by senior management and external auditors.
Ideal candidate will have 5+ years’ experience ideally in clearing operations and commodities
Regulation - Good level of understanding within the MiFID II space to ensure correct monitoring of MiFID obligations
Experience and knowledge of brokerage and broker rate agreements
Extensive and proven experience of the clearing/ listed derivatives world and daily interactions with clearing participants
Strong derivatives product knowledge, including knowledge of the trade lifecycle of cleared/futures trades
Good knowledge of various exchanges such as CME and ICE
Prior exposure to, and understanding of, CCP and clearing broker margin call
Strong system skills (Openlink/ENDUR, Amphora, ICE Credit Management, ICE Clearing Admin)
Previous exposure to oil derivatives, European power and gas and metals is a must
Experience of monitoring workflow by reliance on risk systems
Able to work independently without direct supervision but also happy in working as a team on projects
Committed to seeing issues through until they are resolved
Demonstration of seeking out potential gaps, efficiency savings in processes.
Project ownership and delivery experience to all levels of management/ seniority
Prior exposure to the setting up of new traders/ clearing accounts on exchanges
Experience in regulatory reporting requirements such as CFTC Large Trader, ICE GCM, MiFID II is desirable
Ideal but not a requirement, experience of the commodities physical market would be advantageous.
For further information please contact Sarah Stott.