Trade Support Analyst - Crude, Products and Oil Derivatives

​Do you have experience in a Product Control/Market Risk/Middle Office/ Risk management environment, either in an oil trading company or financial institution? If you are looking for your next career opportunity you could join a leading energy company in central London as a Trade Support Analyst. 

THE ROLE

  • Perform daily validation activities, making sure all physical crudes & products and oil derivatives transactions are duly and timely captured and validated according to company procedures

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

  • Support the oil physical and financial end of day process in the relevant ETRM systems guaranteeing 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 oil transactions

  • Support the weekly, monthly and quarterly reporting KPIs produced by TRACO

  • Ensure compliance with all internal and external regulation

  • 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 oil

  • Support automation efforts by driving greater use of systems within the Oil 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 deal approval

  • Monitor procedural compliance for the Financial Regulations (EMIR/Dodd Frank/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

  • Support / deliver TRACO identified projects

  • Deal with ad hoc demands

SKILLS AND EXPERIENCE:

  • Relevant experience within a Product Control/Market Risk/Middle Office/ Risk management environment in an oil trading company or financial institution. We will consider candidates who work within back office, settlements or other risk functions if they can demonstrate the skills required in Trade Control

  • Knowledge of physical and financial instruments related to Oil & Refined products

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

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

  • Knowledge of vessel chartering, shipping or bulk commodity movement

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

  • 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.

  • Knowledge of financial hedging on Oil & Products

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

  • Analytical mind with good numerical skills

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

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

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

  • Experience in the middle office/product control/back office/risk management of the trading environment would be beneficial

  • Controls oriented mind-set; innovation, pro-activity and efficiency, dedication and result oriented approach to work

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

  • Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient

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

For more details please get in touch with Orit Brown on +44 (0)1565 626767 or orit@elevenrecruitment.com