Senior Clearing Analyst

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. 

The role:

  • 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.

Skills required:

  • 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.