Summary: My client is an Global Commodity Trading House who are the worlds largest buyer of LNG and in the top 5 for energy traded products (Coal, Gas, Power) with a platform to trade across all key markets (North America, Europe, Middle East, Africa and Asia). They are looking to onboard a Middle Office Analyst to further strengthen the London team across LNG, Gas and Coal portfolios.
Responsibilities:
- Carryout an in depth risk assessment (ad hoc) and the ongoing monitoring of operational risk indicators.
- Ensure the continued collaboration and communication with the traders, senior management and the risk teams - reporting your findings and recommendations of the key risk and control indicators from the operational risk reviews.
- Production of daily P&L reports and consolidation of all trade book reports, ensuring its precision, consistency and integrity
- Resolving queries from traders or other departments relating to P&L impacting topics
- Raising queries to traders when proposed booking changes or business practices are unclear
- Bringing awareness and understanding to the impacts of deal changes or bookings to different departments, considering how it will impact them
- Validation of physical commodity (LNG, Gas and Coal) and derivative deal entries ensure an accurate valuation within our ETRM
- Establish adequate risk management processes, resources and infrastructure to identify, measure and provide proper monitoring, reporting and management of risks relating to the company's commercial activities.
- Understanding and ability to calculate the impacts of IR and FX on P&L, working with the Treasury team to ensure the impacts are expected and hedges are correct or executed when required
Requirements:
- A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
- 3+ years experience working in an oil & gas trading company, Risk Consulting, banking or finance sector - within Middle Office or Trade Control
- Strong level of knowledge and practical experience using VBA Programming, Matlab and Excel.
- knowledge of LNG, Gas, Power or Coal - physical and financial
- Knowledge and understanding of control processes in a trading and regulatory environment..
- Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis.
- Strong understanding of options, mathematics and how they are priced.
- Ability to communicate ideas and findings fluently in English (written and spoken).
- Ability to work in a rapidly changing and result driven environment, with the determination to learn and show resilience.
