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Latest Vacancies

Junior Sales Trader

Salary range: £20,000-£30,000
Location: City,London

Leading London based commodity broker looking for a bright, highly driven and entrepreneurial junior sales trader.

Candidate will have a key role in building out the soft commodity operations by:

  • Supporting the existing team with daily trading operations and client coverage
  • On-board prospects and turn them into profitable trading accounts
  • Over time be responsible for his/her own client portfolio of traders
  • Be involved in day-to-day operations by analysing market trends, develop trade ideas and execute deals

Requirements:

  • Degree from a leading University
  • Highly ambitious with entrepreneurial mind-set
  • Fast and efficient work ethic with attention to detail
  • Excellent sales and analytical skills with the ability to close deals
  • Additional spoken languages is highly beneficial
  • Previous work experience in finance/trading is advantageous

Credit & Trade Finance Analyst

Salary range: to £36,000 with outstanding benefits and Bonuses
Location: Docklands

Qualifications / Experience required

You will have proven practical experience and know-how of the process of issuing of Trade Finance including documentary letters of credit and of collecting and marshalling the production of documents to obtain payments via documentary letters of credit is essential. Good working knowledge of UCP600.

Your experience will ideally have been gained in a shipping or banking background, with experience in dry bulk shipping is essential (ideally sulphur/petcoke – highly desirable). Credit Risk experience and working knowledge of the energy industry is desirable although not essential

 

You will be working for this top Energy Trading company in Canary Wharf, managing the procedure for the acceptance and issue of Import and Export Documentary Letters of Credit (DLCs) and the procedure for obtaining payment under those DLCs:

 

Trade Finance

  • Key liaison between client, front office, operations team, back office and bank for all LC related issues.
  • Verify that counterpart has been correctly approved for trading in line with credit and compliance policies
  • Review relevant credit clauses in the underlying contracts
  • Prepare draft wording of Trade Finance including the negotiation of DLC format, terms and conditions with counterparties
  • Verify DLC terms against UCP/ ISP to ensure all workability issues are clear
  • Verify that form of DLC issued is acceptable and is issued and/or confirmed by an acceptable bank
  • Confirm permission to Operations desk to commence with loading
  • Perform second checking and verification of cargo documentation
  • Ensuring timely presentation of documents to speed up the payment process
  • Ensure that all documents necessary to obtain payment under the DLC are available
  • Organise/verify delivery and collection of such documents (liaising with Ops)
  • Preparation of required facility documents and covering letters for submission of documents
  • Present documents to bank to obtain payment under DLC ensuring procedures and timelines are respected
  • Respond to risks of document discrepancy and clean presentation of LCs (both internally and externally)
  • Implement and facilitate non-standard procedures such as – i. DLC discounting/90 days deferred payment by Buyer (to its bank) with full payment under the DLC, ii. DLC issued by third party applicant, iii. Partial pre-payment with DLC for balance, iv. Back-to-back DLC, v. DLC with LOI procedure
  • Establish procedures and records in order to keep track of and maintain records of DLCs issued and presented.
  • Create and verify all swift messages related the LC issuance, amendments and etc.
  • Facilitate work process improvements through idea generation, applying knowledge and training of Trade Finance (products, mechanism and risks) and collaboration with Credit Supervisor

 

Reporting:

  • Generate weekly report containing all existing open Doc LC’s against existing deals, check to ensure all deals are covered via security where required and that the payment has been received under the opened Doc LC’s
  • Generation of daily credit exposure reports for distribution to the front office and senior management
  • Provision of ad-hoc reporting and analysis of credit exposures including detailed analysis of counterparts position
  • Review of contractual data to ensure correct set up in the legal database
  • Understanding of and ability to manage collateral margining and other non trade finance based security.

 

Credit Analysis

  • Ongoing review of existing and new transaction types and contractual terms to ensure resulting credit exposures are clearly understood and captured effectively in the credit reporting process
  • Ad-hoc credit analysis of all the existing counterparties in order to review or ascribe/amend credit limits and recommendation with respect to the credit risk mitigants where necessary
  • Negotiation of Parent company guarantees and Standby Letters of Credit
  • Ad-hoc projects set by Credit Supervisor.

 

Accountabilities

  • Accountable for its contribution to the Sulphur/Petcoke Desk P&L (no individual P&L) and profitable growth of portfolio;
  • Responsible for the documentary letters of credit in respect to guarantee payment for trading contracts (spot, term, shipping or storage) with certain trading counterparts,
  • Contribute to the underwriting team performance to ensure that team targets on underwriting are met
  • Ensure the timely production of trade finance and credit exposure reporting
  • Ensure data is accurately maintained in all the relevant systems
  • Comply with delegated credit limits and Group procedures

Settlements Officer – Payments

Salary range: £18,000-£23,000
Location: Northwich

An exciting opportunity has arisen to join a newly established International Bank during an exciting period of growth.
The ideal Settlements Officer should have excellent numerical and organisational skills; have accurate keyboard skills along with a professional and courteous telephone manner. Working within a team of 10, the Settlements Officer will be responsible for accurate and timely execution and delivery of Customer and Bank transactions, working to SLA’s and dealing with both inward and outward payments. He / She will ensure the team continues to deliver a first rate Customer Service internally and externally adhering to Bank Procedures and Internal Controls.

Duties:

• Inputting/processing /authorising payments
• Carrying out investigations
• Dealing with customer enquiries
• General database maintenance.
• Working within a team of 10, provide back-office support and service on banking operations.
• Responsible for processing of Customer Transactions: BACS, CHAPS, and International Payments.
• Proactive in proposing and providing processing solutions.

Key skills / Experience:

• Relevant experience within a Back office / administration office environment.
• Payments experience is preferred, but not essential.
• Knowledge of Swift Messaging – MT103 / MT202 would be advantageous, but not essential.
• A good attention to detail, adaptability, a keenness to learn and accurate keyboard skills.
• Proficient in Microsoft Excel, Outlook and Word.
• A good team player, capable of working in a fast paced pressured environment.
• Ability to build relationships effectively, both in the immediate team and wider business.
• Excellent Communication Skills, with ability to provide exceptional levels of customer service.
• Able to work in a fast paced pressured environment, maintaining accuracy and quality.

Senior Market Risk (Projects and Reporting)

Salary range: £60000 - £70000 + bonus + benefits
Location: London

Risk Management, Middle Office and Planning & Control Department

COMPANY BACKGROUND
Our client is one of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas.

ASSIGNMENT
This is a role for a risk analyst to join the Market Risk team. The team will provide daily performance and control analysis of the trading business and will work closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

MAIN JOB FUNCTION

The role will be responsible for:

Leading numerous projects helping implement structure, consistency and new risk metrics.
Performing day-to-day market risk activities.
Providing the Company with the capability to value, monitor and risk manage across a range of traded markets.
Dealing with ad hoc requests related to risk analytics for market risk in general.

KEY RESPONSIBILITY AREAS

Work with other market risks analysts to ensure consistent, timely and accurate reporting of positions and P&L.
Leading projects to help improve our performance of all market risk functions including.
Analysis of positions and understanding of how they fit within the firms risk framework. Positions may be both physical as well as financial.
VaR calculation and analysis, ensure that the VaR metric is both complete and accurately reflects the risk of the desks.
P&L explains, Analysis of the P&L to help explain it in terms of the Greeks as well as by asset including spread assets.
Stress, Analysis and calculation of stress on an aggregate level as well as specific strategy level ensuring that the figure is accurate and has the support of FO as well as MO.
Lead ongoing projects (IT and other) in market risk team. These projects can be cross asset class and either designed to improve architecture, efficiency or risk metrics. Significant interaction within the market risk team will be necessary.
Maintain a good knowledge of risk metrics, be able to understand and discuss with the other risk managers VaR, Stress and Greeks so as to be able to assist in commentary and development.
Interface with IT to develop and manage all reporting activities within the company dedicated ETRM system.
Contribute to new business initiatives, systems or process improvement projects.
Share expertise in the team.
Manage ad hoc risk analysis.
REPORTING RELATIONSHIPS

This position reports to the Market Risk Manager of the Risk Management & Middle Office Department in London and includes the following interfaces:

Internal – Front Office, Back Office, IT, finance and Middle Office on a daily basis;
External – relevant industry contacts.
CANDIDATE SPECIFICATIONS

Strong academic credentials with a numeracy-oriented specialization, preferably in Mathematics, Physics, Finance or quantitative discipline.
Strong Excel skills with macros and VBA knowledge, SQL.
Working experience with ENDUR/AMPHORA desired.
Min 4 years of experience in Oil / Gas or Power market risk department.
Knowledge and understanding of the crude Oil / Gas or Power markets, the financial/physical instruments commonly used for risk management.
Analytical mind, strategic thinking and practical problem solving.
Flexible and adaptable attitude.
Business development attitude (with honesty and integrity).
Innovation, pro-activity and efficiency, dedication and result oriented approach to work;
Project management skills.
Good communication skills, with the ability to build and nurture 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 organization.

Senior Risk Analyst- Crude Oil

Salary range: £60,000-£70,000
Location: London

The Role

The crude & derivatives market risk team provides daily performance and market risk analysis for both physical crude and flow trading business and will work very closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

MAIN JOB FUNCTION

The team provides real-time front-line control and management information for management, and traders. This includes daily PNL & risk reporting, ad hoc risk analysis. The role also involves participating projects in improving the ETRM system. Because of the unique position of the team in the middle of commercial activities, the team will also support broader commercial activities.

KEY RESPONSIBILITY AREAS

• The main duties and responsibilities of the job holder are:
• Prepare and review of daily PNL and risk reports and follow up any issues with relevant teams;
• Ensure that all risk limits are adhered to and assist in implementing new limits when necessary;
• Assist in identifying the significant risk within the business, ensuring that they are transparent to senior management
• Maintain a good knowledge of the current physical crude market as well as the refinery system;
• Support front office in new products and non-standard products approval;
• Participate in enhancement and development of in ETRM systems;
• Assist in defining forward curve methodologies for accurate mark to market and fair value reporting;
• Contribute to the month and quarter-end activities with Back Office/Accounting for crudes and derivatives portfolios;
• Develop and maintain strong business relationship with different functions, e.g FO, BO, IT, Planning & Control;
• Strong daily cooperation with the Refined Products market risk team and promote knowledge sharing between teams
• Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests;

REPORTING RELATIONSHIPS

• This position reports to the Oil Middle Office Manager and has the following main interfaces:
• INTERNAL: Front and Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance;
• EXTERNAL: Brokers; relevant industry contacts

CANDIDATE SPECIFICATIONS

• University degree in economics, finance and / or engineering discipline;
• Relevant experience in a market risk role from trading companies or banks;
• Strong knowledge of derivatives trading;
• Strong knowledge of EMEA crude qualities (N Sea, Med & WAF);
• Advanced knowledge of risk metrics such as VaR, stress testing, scenario analysis;
• Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony by Amphora).
• Strong and solid knowledge of MS Office suite including excellent Excel and VBA skills, Matlab & SQL knowledge a plus;
• Ability to communicate concisely to senior management in Market Risk and to stakeholders;
• Highly organised, good attention to detail and ability to work with tight deadlines;
• Analytical mind and good numerical skills;
• Proactive and result oriented approach to work;
• Strong communication and interpersonal skills;
• Ability to build and nurture effective relationships internally and externally;
• Ability to mentor junior members and raise profile of the team;

Junior Market Risk Analyst

Salary range: £40,000-£50,000 plus benefits and bonuses
Location: London

One of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. The company has a market capitalisation of €66 billion and has a near €100bn turnover. It is not only a leading international upstream Company but also Europe’s largest natural gas Company. In November 2010, the client integrated its entire commodity trading activities into one Company, to create a leader in the global commodities trading arena. This entity will have a €40bn turnover and will become responsible for all the commodity trading.

ASSIGNMENT
This is a role for a risk analyst to join the Market Risk team. The role available is in the oil market risk team. The team provides daily performance and market risk analysis for both physical and financial crude and products trading business and will work very closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

KEY RESPONSIBILITY AREAS
• Prepare daily P&L, positions and risk reports to trading and
management.
• Improve existing processes in terms of timeliness and efficiency.
• Assist senior analysts in various market risk projects.

REPORTING RELATIONSHIPS

This position reports to the Market Risk Manager of the Risk Management & Middle Office
Department in London and includes the following interfaces.

• Internal – Front and Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance.
• External – relevant industry contacts.

CANDIDATE SPECIFICATIONS

• Strong academic credentials with a numeracy-oriented specialization, preferably in Mathematics.
• Physics, Finance or quantitative discipline.
• Knowledge of the oil markets and relevant experience in trading environment are desired; physical oil experience is a plus.
• Understanding of risk management instrument/tools, and ability to explain and calculate MTM and exposures.
• Ability to understand and discuss VaR, Stress and Greeks assisting in commentary and development.
• Strong Excel skills with macros and VBA knowledge.
• Working experience with ENDUR desired.
• Analytical and detailed mind.
• Pro-activity and efficiency, dedication and result oriented approach to work.
• Organised with good attention to detail.
• Structured and logical.
• Good communication skills, with the ability to build and nurture effective relationships internally and externally.
• Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient.
• Strong team player

Senior Credit Analyst

Salary range: £65,000 plus benefits and bonuses
Location: London

 

 

Our client is a well respected General trading company operating worldwide

This key role includes:

  • Working with the General Manager to develop the Risk Management, including credit / market / country / operational risks;
  • Deputise for the GM when absent to ensure all Department tasks completed as required;
  • Presenting of key Credit risk issues as part of the approval process including the formal Credit Forum;
  • Continuous monitoring of credit issues related to customer portfolio and wider issues;
  • Undertake visits to counterparties and be able to question senior management such as CFOs / Finance Directors on the financial and strategic aspects of their businesses, and provide written summary, as appropriate for due diligence purposes;
  • Be a main contact for Credit and Operational queries for other departments / divisions;
  • Provide assistance and/or cover for the other Department personnel as appropriate;
  • Compilation of assigned monthly / quarterly reports;
  • Working in conjunction with General Manager, Risk Management and all trading departments to develop and maintain credit and risk management practices to reduce/eliminate potential losses;
  • Ensure RMD manuals and documentation on both the Risk Analysis and Risk Monitoring sides is regularly reviewed and kept up-to-date;
  • Keep updated with key credit and operational issues relating to  Credit  Insurance. Liaise with Credit Insurers to obtain insurance coverage where required;
  • Input, or check input, of financial figures into internal risk rating model either manually or through utilisation of auto data-streaming.
  • Using SAP and internal credit system, assist in the preparation of a number of internal Risk Management reports in Excel or other format to specific deadlines;
  • Propose and implement the agreed development of RMD monitoring, reporting and systems;
  • The mentoring and effective management of senior and junior personnel;

 

REQUIRED SKILLS AND QUALIFICATIONS

ESSENTIAL

  • Broad Credit Risk experience to include trade finance likely to have been obtained in a Banking or Commodity or Corporate environment;
  • Strong financial analysis skills – expert ability to read and understand financial accounts;
  • Ability to write concise and accurate credit analysis and recommendations;
  • Excellent verbal and written communication skills;
  • Working knowledge of any credit legal issues including export credit;
  • Experience of Credit Rating models;
  • Ability to prioritise work with very high standard of accuracy and attention to detail;
  • Understanding of Risk Management reporting & systems;
  • Knowledge of commodities, including the Metals and Energy sectors;
  • Track record of effective people management;

DESIRABLE

  • University degree in business/finance/accounting, or analytically based discipline and / or track record of in-depth experience and background in Credit Risk;
  • Experience of working in a multi-national corporate or finance environment;
  • Understanding of credit insurance;
  • Good presentation skills including presenting both to senior management and non-management grades;
  • Some understanding of Operating and Market risk fundamentals;

Trade Finance Analyst

Salary range: £50-£55,000
Location: West London

Job Summary
To work alongside the existing Trade Finance team members to support the trading business . To perform at a highly professional level and to ensure that all financing duties are executed in a timely and effective manner, and to aid with the development of the trade finance function in London.

Principal Duties/Responsibilities
• Handling of all trade finance issues from start to finish.
• Liaising with Risk team to monitor trade credit requirements for each transaction;
• Reviewing of physical contracts ensuring that all contracts are acceptable and that in particular, Credit and Payment clauses are correct.
• Negotiating LC format, terms and conditions with counterparties with excellent negotiation skills
• Verifying LC wording against UCP to ensure all workability issues are clear
• Liaising and coordinating with internal Trading and Operations teams to resolve LC matters
• Arranging issuance of Bank Guarantees and bid performance bonds for purchase and sales
• Negotiating Letters of Credits discounting rates, counterparty risk cover and banks confirmations charges etc. with excellent negotiation skills
• Presenting and processing all documentation under documentary letter of credit or various trade finance products to the banks, e.g. invoice discounting, DLC discounting etc.
• Maintenance of Trade Finance Tracker sheet – ensuring all relevant deals are entered and updated in a timely manner and that L/C utilization graph is updated.
• Provide treasury department with information as required enabling them to produce cash flow to forecast and assist in monthly financial analysis and other duties as reasonably required.
• Assist in other duties from time to time as reasonably required.

Required Qualifications, Skills, Knowledge, Experience
Qualifications:

Successful candidates will be educated to degree level preferably in a Trade Finance, Banking, Commercial, Treasury or Mathematical subject

Skills:

• Advanced analytical and organization skills. Able to break down problems into meaningful parts and come to rational and well-thought out conclusions and to communicate these effectively.
• Excellent interpersonal and collaboration skills to be a strong team player.
• Strong verbal and written communication skills.
• Attention to detail and accuracy.
• Excellent negotiation and presentation skills
• Pro-active and self-motivated attitude to seek out answers, generate ideas, and develop new skills
• Able to work to very tight deadlines but also willing to adapt quickly to changes in direction
• Internally motivated to seek out answers, generate ideas, and develop new skills
• IT literate and have good working knowledge of Microsoft packages

Market Risk Analyst

Salary range: £45-50,000
Location: London

Market Risk Analyst, Crude Oil
Risk Management & Middle Office Department

COMPANY BACKGROUND
One of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. The company has a market capitalisation of €66 billion and has a near €100bn turnover. It is not only a leading international upstream Company but also Europe’s largest natural gas Company. In November 2010, the client integrated its entire commodity trading activities into one Company, to create a leader in the global commodities trading arena. This entity will have a €40bn turnover and will become responsible for all the commodity trading.

ASSIGNMENT
This is a role for a risk analyst to join the Market Risk team. The role available is in the oil market risk team. The team provides daily performance and market risk analysis for both physical and financial crude and products trading business and will work very closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

KEY RESPONSIBILITY AREAS
• Prepare daily P&L, positions and risk reports to trading and
management.
• Improve existing processes in terms of timeliness and efficiency.
• Assist senior analysts in various market risk projects.

REPORTING RELATIONSHIPS

This position reports to the Market Risk Manager of the Risk Management & Middle Office
Department in London and includes the following interfaces.

• Internal – Front and Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance.
• External – relevant industry contacts.

CANDIDATE SPECIFICATIONS

• Strong academic credentials with a numeracy-oriented specialization, preferably in Mathematics.
• Physics, Finance or quantitative discipline.
• Knowledge of the oil markets and relevant experience in trading environment are desired; physical oil experience is a plus.
• Understanding of risk management instrument/tools, and ability to explain and calculate MTM and exposures.
• Ability to understand and discuss VaR, Stress and Greeks assisting in commentary and development.
• Strong Excel skills with macros and VBA knowledge.
• Working experience with ENDUR desired.
• Analytical and detailed mind.
• Pro-activity and efficiency, dedication and result oriented approach to work.
• Organised with good attention to detail.
• Structured and logical.
• Good communication skills, with the ability to build and nurture effective relationships internally and externally.
• Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient.
• Strong team player
• Full command of English language (written and spoken).

LOCATION

• Victoria.

Treasury Dealer

Salary range: £55,000 - £65,000 p.a. + Bonus + Benefits
Location: London, The City

Our client is part of a global trading business who trade in 7 different business groups. Through these business groups and more than 600 subsidiaries and affiliates they serve customers around the world in virtually every industry.

Our client is part of a global trading business who trade in 7 different business groups. Through these business groups and more than 600 subsidiaries and affiliates they serve customers around the world in virtually every industry.

The role exists within the Global Treasury centre who provide treasury services to the whole group in the EMEA region.

They focus on treasury activities, concentrating on raising finance for the Group in the capital markets and managing liquidity to meet the requirements of the entire EMEA Group and maximise its competitive edge.

Treasury activities include raising funds through the issue of Euro Medium-Term Notes (EMTN), which are listed on the London Stock Exchange, commercial paper (CP) transactions and third party loans.

Its principle objectives are:

  • To provide Treasury services to the Group in Europe using the funding capability of the Company.
  • To obtain wholesale funding at competitive market rates through its CP and EMTN programmes, while providing investors with flexible opportunities for deploying funds.
  • To construct investment grade asset portfolios, comprising debt securities, which yield a higher rate of return than the company’s financing, funded by a mixture of retained profits, long-term loans and wholesale funding.
  • To maintain a comprehensive and stable business contact network in London and European markets through active participation in a variety of financial transactions.

    As Treasury Manager/Dealer, your main duties and responsibilities will include but may not be limited to:

    Asset Liability Management (including Liquidity Management):

  • Making deposits to banks, raising funds from banks and capital markets including issuance of ECP
  • Forex risk management and execution of forex contracts
  • Interest risk management and execution of interest swap contracts
  • Duration management
  • Excess liquidity management

    Cash Management:

  • Cash flow planning for coming weeks
  • Day to day lending and deposit acceptance to/from group companies
  • Existing group finance monitoring (including preparation and maintenance of relevant agreement
  • Implementation and maintenance of effective cash management system

    Financial Advice to Group Companies:

  • Advising of finance related issues in line with group treasury policy (both group finance related and non-related)
  • Introducing financial institutions
  • Supporting finance arrangement and negotiation with external parties

    Reporting and Administration:

  • Making daily/monthly/quarterly reports and ad-hoc meeting materials
  • Preparation and maintenance of relevant documentations
  • Administrative works to be compliant with financial regulations

    QUALIFICATIONS AND EXPERIENCE:

  • Proven Experience in a Financial Services (treasury or banking) environment with exposure to the Treasury Products.
  • Advanced IT skills including Word, Excel, PowerPoint, Summit and Bloomberg
  • University degree or equivalent in Finance, Treasury, Business or Economics
  • Extensive experience working in the finance department of corporate or financial institutions, dealing specifically within treasury activities including cash management and inter-company lending
  • Excellent numerical and analytical skills
  • Knowledge of cash management, the finance market and banking processes

Treasury Manager

Salary range: £55,000 - £65,000 p.a. + Bonus + Benefits
Location: London, The City

Our client is part of a global trading business who trade in 7 different business groups. Through these business groups and more than 600 subsidiaries and affiliates they serve customers around the world in virtually every industry.

Our client is part of a global trading business who trade in 7 different business groups. Through these business groups and more than 600 subsidiaries and affiliates they serve customers around the world in virtually every industry.

The role exists within the Global Treasury centre who provide treasury services to the whole group in the EMEA region.

They focus on treasury activities, concentrating on raising finance for the Group in the capital markets and managing liquidity to meet the requirements of the entire EMEA Group and maximise its competitive edge.

Treasury activities include raising funds through the issue of Euro Medium-Term Notes (EMTN), which are listed on the London Stock Exchange, commercial paper (CP) transactions and third party loans.

Its principle objectives are:

  • To provide Treasury services to the Group in Europe using the funding capability of the Company.
  • To obtain wholesale funding at competitive market rates through its CP and EMTN programmes, while providing investors with flexible opportunities for deploying funds.
  • To construct investment grade asset portfolios, comprising debt securities, which yield a higher rate of return than the company’s financing, funded by a mixture of retained profits, long-term loans and wholesale funding.
  • To maintain a comprehensive and stable business contact network in London and European markets through active participation in a variety of financial transactions.

    As Treasury Manager, your main duties and responsibilities will include but may not be limited to:

    Asset Liability Management (including Liquidity Management):

  • Making deposits to banks, raising funds from banks and capital markets including issuance of ECP
  • Forex risk management and execution of forex contracts
  • Interest risk management and execution of interest swap contracts
  • Duration management
  • Excess liquidity management

    Cash Management:

  • Cash flow planning for coming weeks
  • Day to day lending and deposit acceptance to/from group companies
  • Existing group finance monitoring (including preparation and maintenance of relevant agreement
  • Implementation and maintenance of effective cash management system

    Financial Advice to Group Companies:

  • Advising of finance related issues in line with group treasury policy (both group finance related and non-related)
  • Introducing financial institutions
  • Supporting finance arrangement and negotiation with external parties

    Reporting and Administration:

  • Making daily/monthly/quarterly reports and ad-hoc meeting materials
  • Preparation and maintenance of relevant documentations
  • Administrative works to be compliant with financial regulations

    QUALIFICATIONS AND EXPERIENCE:

  • Proven Experience in a Financial Services (treasury or banking) environment with exposure to the Treasury Products.
  • Advanced IT skills including Word, Excel, PowerPoint, Summit and Bloomberg
  • University degree or equivalent in Finance, Treasury, Business or Economics
  • Extensive experience working in the finance department of corporate or financial institutions, dealing specifically within treasury activities including cash management and inter-company lending
  • Excellent numerical and analytical skills
  • Knowledge of cash management, the finance market and banking processes

Credit Risk Analyst

Salary range: £45,000 - £55,000 p.a. + Bonus + Benefits
Location: London, West End

We are seeking an experienced Credit Analyst to join an established team in London, with a good understanding of energy, commodity markets and derivative products; ideally gained within an Oil/Energy/Commodity trading company, Energy utility or FI.

Our Client is a Commodity Trading house with a truly global reach.

We are seeking an experienced Credit Analyst to join an established team in London, who can demonstrate a confident, likeable personality with a good understanding of energy, commodity markets and derivative products; ideally gained within an Oil/Energy/Commodity trading company, Energy utility or FI.

As you will have regular liaison with Front Office, strong communications are essential, as is the ability to learn fast and take initiative to broaden your knowledge.

As Credit Analyst your key responsibilities will include but may not be limited to:

  • Analyse, assess and quantify credit risk profile of a single counterparty and of a portfolio of counterparties in a broad range of sectors and jurisdictions.
  • Assess creditworthiness of a counterparty
  • Analyse the risks inherent to physical and derivative transactions.
  • Determine acceptable level of exposure and limit in compliance with internal procedures.
  • Coordinate with Front, Middle and Back Office, Operations, Structured Finance, Trade Finance, Legal and Compliance to ensure effective risk management.
  • Monitor, manage and report exposure; ensure systems are up to date.
  • Negotiate netting agreements (MNA, ISDA, EFET), margining agreement, credit support documentation and parent company guarantees.
  • Perform ad hoc researches & analysis; manage credit related projects as required.
  • Participate in credit events and interact with peers.

    KEY SKILLS AND EXPERIENCE:

  • Work based credit analysis experience acquired in a trading environment; Oil Company, commodities trading company, energy utility, credit research house or financial institution.
  • Degree educated (or equivalent) with background in finance, accounting or business administration.
  • Understanding of energy, commodity markets and derivative products.
  • Experience in covering at least one of the following sector: shipping, refining or oil & gas sectors.
  • Strong analytical and communication skills.
  • Ability to learn quickly and take initiative to broaden his/her knowledge.
  • Strong organisational skills and ability to manage multiple assignments concurrently.
  • Experience in negotiating ISDA, EFET, MNA, margining agreement and parent company guarantee.
  • Ability to work in a team and engage with others is essential.
  • Advanced Excel skills.
  • Additional languages are an advantage.

Desk Assistant

Salary range: £25,000 - £28,000 p.a. + Bonus + benefits
Location: London, West End

Our client is a London based Broking firm. Working as a Desk Assistant, the role will provide support to the Commodity desks; you’re responsibilities will include, but may not be limited to:

Our client is a London based Broking firm. Working as a Desk Assistant, the role will provide support to the Commodity desks; you’re responsibilities will include, but may not be limited to:

  • Ensuring timely input of trades into trading systems/exchange; ICE, Clearport etc.
  • Resolving any trade queries received from back office, Traders, ICE and CME ensuring any trade discrepancies are resolved in a timely manner.
  • Keeping trade records up to date on excel.
  • Updating excel with mark to market data in preparation for distribution of this data to Bloomberg.
  • Provide support to brokers to ensure all confirmations prepared by back office are sent out to traders with accurate trade details and within relevant timescales agreed with the client.
  • Working on various projects for brokers and traders.
  • Providing re-cap trade details to brokers and traders on a daily basis from excel spreadsheet.
  • Giving live quotes to traders via yahoo messenger and through the Reuters messaging system.
  • Monitoring markets and following financial news and developments.
  • Liaising with clients both on the telephone and face to face to provide a reliable and efficient broking service.
  • Providing complete support to the brokers for the smooth running of the desk.

    ESSENTIAL CRITERIA:

  • Previous experience with Tradeport is advantageous
  • Educated to a minimum GCSE level or above
  • Strong communication skills both written and verbal
  • Confident, professional manner, able to communicate with senior management is essential.
  • Experience/knowledge of Commodity products; including Oil (Brent, WTI, Fuel Oil etc.)

    It is would be advantageous, but not essential if the successful applicant has passed the following exams:

  • Unit 1 FSA Financial Regulation
  • Unit 3 FSA Derivatives

Market Risk Analyst – Crude Oil

Salary range: £60,000 - £65,000 p.a. + Bonus + Benefits
Location: London, Victoria SW1

Our client is one of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas.

Market Risk Analyst, Crude Oil
Risk Management & Middle Office Department

COMPANY BACKGROUND
One of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. The company has a market capitalisation of €66 billion and has a near €100bn turnover. It is not only a leading international upstream Company but also Europe’s largest natural gas Company. In November 2010, the client integrated its entire commodity trading activities into one Company, to create a leader in the global commodities trading arena. This entity will have a €40bn turnover and will become responsible for all the commodity trading.

ASSIGNMENT
This is a role for a risk analyst to join the Market Risk team. The role available is in the oil market risk team. The team provides daily performance and market risk analysis for both physical and financial crude and products trading business and will work very closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

KEY RESPONSIBILITY AREAS
• Prepare daily P&L, positions and risk reports to trading and management.
• Improve existing processes in terms of timeliness and efficiency.
• Assist senior analysts in various market risk projects.

REPORTING RELATIONSHIPS

This position reports to the Market Risk Manager of the Risk Management & Middle Office Department in London and includes the following interfaces.

• Internal – Front and Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance.
• External – relevant industry contacts.

CANDIDATE SPECIFICATIONS

• Strong academic credentials with a numeracy-oriented specialization, preferably in Mathematics.
• Physics, Finance or quantitative discipline.
• Knowledge of the oil markets and relevant experience in trading environment are desired; physical oil experience is a plus.
• Understanding of risk management instrument/tools, and ability to explain and calculate MTM and exposures.
• Ability to understand and discuss VaR, Stress and Greeks assisting in commentary and development.
• Strong Excel skills with macros and VBA knowledge.
• Working experience with ENDUR desired.
• Analytical and detailed mind.
• Pro-activity and efficiency, dedication and result oriented approach to work.
• Organised with good attention to detail.
• Structured and logical.
• Good communication skills, with the ability to build and nurture effective relationships internally and externally.
• Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient.
• Strong team player
• Full command of English language (written and spoken).

LOCATION

• Victoria.

Back Office Confirmations & Settlements Analyst

Salary range: £28,000 - £30,000 p.a. + Benefits + Bonus
Location: Docklands, London

Our client, a global Energy Trading business and part of one of the World’s Major Energy Groups, are looking to recruit into the Back Office team, giving the successful candidate a chance to cement their career in the Energy/Commodity Trading industry.

Our client, a global Energy Trading business and part of one of the World’s Major Energy Groups, are looking to recruit into the Back Office team, giving the successful candidate a chance to cement their career in the Energy/Commodity Trading industry.

The role offers the chance to work in a fast paced trading environment requiring the jobholder to be able to work both autonomously and within a team. The role requires daily interaction with other departments within the organization.

As the position sits within the actual Trading floor, a very active environment, it is essential that you are able to focus on tasks and multi task.

As Back Office Analyst your day-to-day activities will include but may not be limited to:

Manage a portfolio of trading counterparts; Check traders supply accurate deal-sheets/electronic download reports for trades validated.

Ensure that accurate trading information is represented by confirming deals with counterparts on a daily basis.

Reconcile counterpart/pipeline invoices against the system.

Send invoices to counterparts without exceeding deadlines set within the industry as well as contractually.

Submit payment instructions to finance.

Daily reconciliation of Exchange Position

Check daily to ensure all trades have matched

Collect and check broker’s confirmations against the system contents each day

Check and fax all the confirmations produced by the system to the counterparties.

Collect all incoming confirmations and check and record against the system. Chase all outstanding confirmations.

Update the system with actual deliveries when this alters from the contractual volume

Participate in team and individual projects delegated by the Back Office Manager.

When needed, help keep the team Organized by assisting with general Back Office duties including: Faxing, Archiving and Filing.

QUALIFICATIONS/EXPERIENCE REQUIRED:

University educated to degree level as a minimum.

Work/Intern based experience within a comparable Back Office environment

Highly numerate and ability to work under pressure.

Knowledge of energy commodity markets.

European languages desirable.

Confirmations Team Leader Power & Gas

Salary range: Contract - £38,000 - £43,000 p.a. (equivalent)
Location: Central London

The role is an excellent opportunity for a talented and motivated Team Lead to gain exposure across a very wide range of energy products and to work in a dynamic and ambitious company

The successful candidate will be working for a leading and rapidly growing commodity trading business based in London, leading a team of confirmation clerks in providing a world class confirmation service.

The role is an excellent opportunity for a talented and motivated Team Lead to gain exposure across a very wide range of energy products and to work in a dynamic and ambitious company

The key tasks of this role are:

  • Leading a team of confirmation clerks ensuring that all confirmations are sent out and agreed within industry deadlines;
  • Making suggestions for improvement to the trading system and work flow processes, including the implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;
  • Liaising and working with the settlements Manager and Trading Capability teams to develop Confirmations capability within the trading system;
  • Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Front Office and Credit teams to ensure integrity of data within the trading system;
  • Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;
  • Maintaining excellent working relationships with counterparties and other teams within the organisation.

Duties and Responsibilities:

Power & Gas Confirmations

Ensuring the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;

  • Completeness of Broker Reconditions, to ensure that all trades are captured correctly in our ETRM
  • Checking of direct trades that the business executes. Ensuring that trades are booked correctly in the ETRM
  • Ensuring trades load into EFET.Net and that trades are matched with our counterparties. If discrepancies occur, investigate the discrepancies. Build good relationships with our counterparties. Escalate issues to management
  • Ensure that we send out paper confirmations to counterparties whom we do not electronically match with and we sign and return paper confirmations we receive from counterparties. Become the 4-eyed check for these confirmations
  • Provide Metrics / Stats to management on a daily basis
  • Setting and managing the teams and individuals objectives. Complete 1-2-1’s with the members of the team
  • Ensuring all processes and procedures are constantly reviewed, documented and updated.

Candidate Specification:

Qualifications:

  • Degree level education or equivalent work experience

Skills:

  • Experienced in confirmations for energy and related products preferred
  • Good working knowledge of trading systems, preferably ENDUR
  • Experience of using an electronic matching platform, preferably EFET.Net
  • Exposure to new systems implementation and systems development;
  • Fluent in English with excellent written and verbal communication skills;
  • Experienced in leading, motivating a team;

Competencies:

  • Concern for accuracy and ability to meet tight deadlines;
  • Attention to detail;
  • Diligent and dependable;
  • Good organisational and execution skills;
  • Able to lead a team and motivate individuals to achieve success;
  • Able to work effectively cross-functionally with all areas of the business;
  • Dedication to review and improvement of existing processes;
  • Commercially astute with the ability to develop and understand issues;
  • Understanding of the current EMIR regulations and the impact this has on the business.

Experience:

  • Proven experience of leading a confirmations team in an energy trading environment preferred;
  • Experience of working with trading counterparties and direct contact with trading desks;

Senior Quantitative Analyst (Commodities)

Salary range: Permanent - £60,000 - £70,000 p.a. + Bonus & Benefits
Location: Central London

The Lead Quantitative Analyst role is part of the Trading Risk team of the Risk Management, Middle Office and Planning Control department.

Our Client is a leading Global Integrated Energy business, fully committed to developing their activities and with aspirations to grow significantly and compete with the Global majors.

Assignment and Main Job Function

The Lead Quantitative Analyst role is part of the Trading Risk team of the Risk Management, Middle Office and Planning Control department.

The Risk Management, Middle Office and Planning & Control team is a partner to the Front Office in developing a growing business, who is able to provide valued advice on managing the risks in the portfolio and its potential development. The team has the ability, working in partnership with other control teams, to protect the Company from unexpected risks and reputational damage through effective controls. It provides an independent perspective on the portfolio, its value and the risks contained within it. The team’s vision is to be seen as the centre of competence for risk and performance management that shapes industry thinking and is recognised by peers as a counterpart of choice.

Due to the rapid growth of the business, a new team as Trading Risk has been identified and this role offers a great opportunity for someone with solid risk experience looking to demonstrate their expertise skills in a growing trading business.

Key Responsibility Areas:

The main duties and responsibilities of the job holder are:
•Responsible for leading the development of trading risk methods (credit, operational and market) to support the consistent, timely and appropriate calculation of risk across the trading portfolio
•Ensuring that all models used within the trading business are appropriately back tested
•Co-ordinating across the trading risk team and working with other modelling groups within the group to ensure that models in trading are fit for purpose and make maximum utilisation of the capabilities of the group
•Providing quantitive and technical advice to teams on a variety of issues e.g. price curve analysis, back testing, pricing etc.
•Leading the delivery and technical design of trading risk calculation systems

Reporting Relationships

This position reports to the Head of Trading Risk and is expected to interface and work very closely with:
•Internally – Risk teams, FO Desks and IS Teams on a daily basis;
•Externally – Liaising with group finance teams.

Candidate Specifications:
•Qualification in Engineering, Mathematics, Physics, Finance or similar;
•Proven track record of providing quantitative method solutions in a trading risk environment;
•Experience in both physical and financial energy commodity markets is highly desirable;
•Proven ability to work in multi-disciplinary teams and across different business units;
•Demonstrable project leadership experience in the roll out and delivery of new systems/methods to support critical business processes e.g. pricing, market risk, Credit VaR etc.;
•Self-starter, who wants to be part of something new;
•Proven ability to develop a clear technical vision and strategy for delivery;
•Positive attitude and high self-esteem;
•Pro-active and result oriented approach, dedication and proven ability to work under pressure and to tight deadlines;
•Strong communication skills and capability to break down complex ideas and concepts and explain them clearly to differing target audiences;
•Strong team working skills and ability to build and nurture effective relationships internally and externally;
•Full command of English (written and spoken);
•Excellent knowledge of Matlab, VBA, Excel and or other quantitative tools and languages.

Senior Credit Risk Analyst

Salary range: Permanent - £55,000 - £68,000 p.a. + Bonus & Benefits
Location: West End, London

The Credit team are responsible for the protection of company Assets through the rigorous execution of credit.

Our Client is a leading Global Integrated Energy business, fully committed to developing their activities and with aspirations to grow significantly and compete with the Global majors.

The Assignment

The Credit team are responsible for the protection of company Assets through the rigorous execution of credit.

Main Job Function:

The Credit and Compliance function plays a critical role in introducing new clients to our organization as well as ensuring full due diligence is done with respect to new and existing relationships.

The successful KYC Analyst will have to support diverse corporate business lines and adhere to specific policies and procedure with a certain level of autonomy in a very team based environment. Daily duties will include simplified and enhanced due diligence across a wide variety of clients in over a hundred countries including low, medium and high risk jurisdictions.

Other daily duties will include PEP screening and investigation. KYC types and PEPs will vary and so an understanding of the KYC risk based approach is absolutely essential as is the commitment and initiative to carry out daily duties with the upmost accuracy and professionalism. You must have a good understanding of the KYC requirements for a range of corporate client types including private companies, and listed companies and banks.

The AML/KYC Specialist will perform periodic reviews of KYC information for renewals of client information. They will participate in remediation efforts and projects to clean up data and documentation and coordinate with other areas as needed (Credit, Compliance, and the Front office), particularly for high risk clients. The KYC Specialist will validate documentation stored in KYC tools and repositories. In some cases they will solicit additional documentation requests from the client directly to support renewal or remediation efforts.

Key Responsibility Areas:

The main duties and responsibilities of the job holder are:
•Validate accuracy of data in KYC platforms and ensure completeness of document package
•Kick-off renewals and liaise with client on-boarding / sales for required documents and sign-off
•Review all KYC entries / records
•Validate all documentation uploaded into the KYC tool
•Follow up with Compliance for approvals of High Risk clients, and with Front office and relevant businesses for all other clients
•Complete remediation efforts and projects to clean up data and documentation and coordinate with other areas as needed
•Subject matter expert for the implementation of KYC procedures and AML guidelines

Reporting Relationships

This position reports to Credit Risk Manager and has the following main interfaces:

Internal
•The role will include extensive liaison with key stake holders that include, Trading desks; and senior management.

External
•Interface with external counterparties and contacts in financial institutions.

Candidate Specifications:
•B.A. Degree or equivalent
•Minimum 3-5 years’ experience in financial services operations, compliance, or client service preferred
•AML/KYC experience needed – CAMS certification is a plus
•Individual must be detail oriented and self-directing
•Strong verbal and written communication skills are a must
•Excellent client and time management skills
•Adaptable, flexible and willing to work in a dynamic environment
•Comfortable working as a team or individually to deliver results
•Strong working experience with Microsoft Word, Excel and PowerPoint
•Good attention to detail;
•Proactive approach to work and ability to work with tight deadlines;
•Good knowledge of Microsoft Office suite;
•Full command of English language (written and spoken).

KYC Analyst (Commodities)

Salary range: Fixed Term Contract - £45,000 - £55,000 p.a. + Completion Bonus & Benefits
Location: West End, London

The Credit and Compliance function plays a critical role in introducing new clients to our organization as well as ensuring full due diligence is done with respect to new and existing relationships.

Our Client is a leading Global Integrated Energy business, fully committed to developing their activities and with aspirations to grow significantly and compete with the Global majors.

The Assignment

The Credit team are responsible for the protection of company Assets through the rigorous execution of credit.

Main Job Function:

The Credit and Compliance function plays a critical role in introducing new clients to our organization as well as ensuring full due diligence is done with respect to new and existing relationships.

The successful KYC Analyst will have to support diverse corporate business lines and adhere to specific policies and procedure with a certain level of autonomy in a very team based environment. Daily duties will include simplified and enhanced due diligence across a wide variety of clients in over a hundred countries including low, medium and high risk jurisdictions.

Other daily duties will include PEP screening and investigation. KYC types and PEPs will vary and so an understanding of the KYC risk based approach is absolutely essential as is the commitment and initiative to carry out daily duties with the upmost accuracy and professionalism. You must have a good understanding of the KYC requirements for a range of corporate client types including private companies, and listed companies and banks.

The AML/KYC Specialist will perform periodic reviews of KYC information for renewals of client information. They will participate in remediation efforts and projects to clean up data and documentation and coordinate with other areas as needed (Credit, Compliance, and the Front office), particularly for high risk clients. The KYC Specialist will validate documentation stored in KYC tools and repositories. In some cases they will solicit additional documentation requests from the client directly to support renewal or remediation efforts.

Key Responsibility Areas:

The main duties and responsibilities of the job holder are:
•Validate accuracy of data in KYC platforms and ensure completeness of document package
•Kick-off renewals and liaise with client on-boarding / sales for required documents and sign-off
•Review all KYC entries / records
•Validate all documentation uploaded into the KYC tool
•Follow up with Compliance for approvals of High Risk clients, and with Front office and relevant businesses for all other clients
•Complete remediation efforts and projects to clean up data and documentation and coordinate with other areas as needed
•Subject matter expert for the implementation of KYC procedures and AML guidelines

Reporting Relationships

This position reports to Credit Risk Manager and has the following main interfaces:

Internal
•The role will include extensive liaison with key stake holders that include, Trading desks; and senior management.

External
•Interface with external counterparties and contacts in financial institutions.

Candidate Specifications:
•B.A. Degree or equivalent
•Minimum 3-5 years’ experience in financial services operations, compliance, or client service preferred
•AML/KYC experience needed – CAMS certification is a plus
•Individual must be detail oriented and self-directing
•Strong verbal and written communication skills are a must
•Excellent client and time management skills
•Adaptable, flexible and willing to work in a dynamic environment
•Comfortable working as a team or individually to deliver results
•Strong working experience with Microsoft Word, Excel and PowerPoint
•Good attention to detail;
•Proactive approach to work and ability to work with tight deadlines;
•Good knowledge of Microsoft Office suite;
•Full command of English language (written and spoken).

Treasury Operations Associate

Salary range: Permament - £26,000 - £31,500 p.a. + Annual Bonus & Benefits
Location: West End, London

The company’s business involves gathering and re—deploying liquidity, using a variety of products and techniques, focusing on treasury activities, concentrating on raising finance for the Group in the capital markets and managing liquidity to meet the requirements of the Group and maximise its competitive edge.

Our client is a London based treasury management company; acting on behalf of, and

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being part of a larger, International general Trading Corporation with operations in over 200 locations in approximately 90 countries worldwide, with seven business groups and more than 600 subsidiaries and affiliates.

The company’s business involves gathering and re—deploying liquidity, using a variety of products and techniques, focusing on treasury activities, concentrating on raising finance for the Group in the capital markets and managing liquidity to meet the requirements of the Group and maximise its competitive edge.

The Operations department is responsible for the full settlement and ongoing rate maintenance of all traded or issued Treasury products to include but not restricted to:
•Foreign Exchange, Money Markets, Interest Rate Swaps, Medium Term Notes, Asset Backed Securities, Mortgage Backed Securities and Commercial Paper (with complex amortizing cash flows becoming ever more frequent).

The successful candidate will have broad reaching responsibilities such as:
•Settlements: – Processing and maintenance of all settlement activities within the treasury systems.
•Manage workflows to ensure late deals are processed prior to cut-off
•Confirmations: Check and confirm all trades executed by the Front Office and supported with appropriate documentation
•Cash flows: Monitoring and processing of all cash flows in the treasury system.
•Payments: Preparation and processing of electronic and manual payments using online payment system while monitoring payment deadlines.
•Euroclear: Monitor account movements investigating any differences, funding balances using Euclid system.
•Rate resets: Re-fixing of all floating rate products in treasury system whilst checking against external sources and sending rate advices to sister companies.
•Rate uploads: Daily upload of different FX and interest rates into treasury system from external source.
•Issues: Investigate and report any settlement issues to completion.
•Documentation: Check IRS, MTN and Long Term Loan details against treasury systems.
•J-Sox: Assist in maintenance and update of Internal Control Procedures.
•Operating procedures: Maintain and update on an ongoing basis.

QUALIFICATIONS & PERSONAL QUALITIES REQUIRED:
•Proven experience in a Financial Services (banking) environment or similar, with exposure to the treasury products (as above), International payment and clearing systems.
•Good all round Microsoft Office skills with a strong experience level on MS Excel
•Understanding of ISDA definitions
•Highly self-motivated and a positive mind-set that can influence and motivate different personality types
•Ability to maintain an excellent degree of accuracy whilst working to tight deadlines and be able to adapt in a changing and demanding environment
•Excellent administration and time management skills – ability to manage and organise multiple work streams simultaneously
•Problem solving/decision making skills – ability to decide on best course of action required to solve a range of problems and queries
•Strong team player – The ability to work and engage across multiple teams, In a Japanese company with few staff, an ability to co-operate with and be considerate to colleagues is important
•Excellent communication skills, Able to communicate fluently in English, both written and orally
•Willingness and ability to work flexibly and efficiently within a time-bound environment, prioritising and balancing tasks and activities ensuring externally driven and often tight timescales/deadlines are adhered to

Commodity Settlements Team Leader / Supervisor

Salary range: Temporary to Permanent: £40,000 - £46,000 p.a.
Location: Docklands, London

The Commodities Settlements Team Leader/Supervisor will run a team of Settlement Analysts responsible for mixed Energy commodities, ensuring that processes are working efficiently and are accounted for correctly, whilst maintaining good relationships through the business including other Global Settlements Teams, Pricing Analysts, Front Office, Third Party suppliers, Accounts and Product Control.

The Commodities Settlements Team Leader/Supervisor will run a team of Settlement Analysts responsible for mixed Energy commodities, ensuring that processes are working efficiently and are accounted for correctly, whilst maintaining good relationships through the business including other Global Settlements Teams, Pricing Analysts, Front Office, Third Party suppliers, Accounts and Product Control.

You will currently be working (or within the last 12 months) for either a Commodity Trading company or Investment Bank with Supervison or Management responsibility, within either a Middle or Back Office role.

This role is anticipated to develop into a Permanent opportunity for the successful Candidate !

Senior Risk Analyst – Oil Trading

Salary range: Permanent: £60,000 - £70,000 p.a. + Substantial Bonus & Benefits
Location: West End, London

Due to continued success from their initial growth, we are actively recruiting a Senior Risk Analyst to report into the Market Risk & Control Manager.

Due to continued success from their initial growth, we are actively recruiting a Senior Risk Analyst to report into the Market Risk & Control Manager. 

The position will be based in London, and will have the following responsibilities whilst acting as deputy head of team: 

  • Ensure the risk policies, trading limits and procedures are followed by the trading personals.
  • Support risk systems and infrastructure development efforts.
  • Maintain and ensure the accuracy of the data in the risk management systems.
  • Responsible for monitoring and reporting trading risks (exposures) against policies, guidelines and trading risk limits.
  • Produce and report MTM p/l, position risk and risk metrics such as VaR, EaR, and CFaR of portfolios on a daily basis.
  • Calculate report and monitor Greeks.
  • Perform back-testing and stress testing to validate trading P/L and positions as per the Trading Policy.
  • Monitor and report trading book structure designed to meet the Company’s objectives.
  • Review, assess and validate the forward market curve. When required model and construct forward curves for the relevant commodities.
  • Monitor and ensure the appropriateness of intra-book trades against the transfer pricing formula and policy.
  • Work with finance to reconcile risk numbers with financial reports etc.
  • Analyse and report changes in portfolio to Senior Management.
  • Prepare monthly analytical reports for Senior Management
  • Assess the risks of new business opportunities (new markets, assets, strategies etc.) and their impact on the existing business profile. And develop and communicate independent market fundamental analysis to support the risk assessment.

Desired Skills & Experience

  • Must have in depth knowledge of the Oil Markets and possibly Natural Gas.
  • Must be numerate
  • Analytical, mathematical essential; numerate and computer literate
  • Must be I.T. literate
  • CXL experience is preferred but not essential.
  • Bachelor of Arts MBA or MSc in a relevant subject

Credit Risk Manager

Salary range: Permanent: £65,000 - £75,000 p.a.
Location: West End, London

Our client is an International corporation based in the Heart of London. As Credit Risk Manager you will analyse, continually monitor and review all aspects of credit risk pertaining to the European client portfolio.

The role as Manager is to “manage the function” rather than “manage staffs”, and it will cover a broad spectrum of industries including Energy, Metals and Food Commodities; to name but a few.

 DUTIES AND RESPONSIBILITIES:

  •  Credit analysis of new and existing customers using multi tools such as customers’ financial statements, credit reports, internal credit rating system and other independently sourced information;
  • Continuous monitoring of credit limits, terms of sale and maintenance of credit accounts within approved limits and terms.
  • Research and analyse credit risk data and make reasoned recommendations on credit risk aspects – specific responsibility will be for making recommendations to senior management for credit limits.
  • Management of credit insurance.
  • Undertake visits to counterparties as appropriate for due diligence purposes.
  • Interfacing with company’s partners, both internally and externally in order to obtain credit related information and intelligence.
  • Monitor and report credit exposures and condition of accounts.
  • Working in conjunction with Senior Management and all trading divisions to develop and maintain credit and risk management practices to reduce/eliminate potential losses.
  • Maintain and update Credit manuals as appropriate.
  • Maintain on-going risk management education of all trading departments either via structured training sessions, seminars or day to day contact.
  • Assist as necessary on the development of risk management systems.
  • Manage and report documentation and contract issues to management.

Desired Skills & Experience

REQUIRED SKILLS AND QUALIFICATIONS: 

Essential:

  • Broad Credit Risk experience to include trade finance.
  • Strong financial analysis skills.
  • Professional financial/management education.
  • Good verbal and written communication skills.
  • Working knowledge of any credit legal issues including export credit and securitisation to substantiate credit exposures.
  • Excellent negotiation skills and time management.
  • Ability to prioritise work with very high standard of accuracy and attention to detail.
  • Good computer skills in Word, Excel and financial modelling.
  • Ability to understand working in a multicultural environment, patient and flexible.

Desirable:

  • University degree in business/finance/accounting, or analytically based discipline;
  • Experience of cross border credit.
  • Experience of working closely with credit insurance underwriters.
  • Ability to read and understand financial accounts in various European languages and knowledge of accounting terms of German, French, Italian, Spanish, IFRS and US GAAP.
  • SAP Knowledge.
  • Legal contractual knowledge.
  • Good presentation skills including presenting both to senior management and non-management grades.

Commodity Contracts / Letters of Credit Analyst

Salary range: Permanent: £25,000 - £35,000 p.a.
Location: West End, London

The successful candidate will be working for a creative, growing Trading business headquartered in London. Due to continued growth there is need to bring in additional staff to support requirements.

The successful candidate will be working for a creative, growing Trading business headquartered in London.
Due to continued growth there is need to bring in additional staff to support requirements.

The Contract Administration team drafts and review all trade agreements to ensure that the business is fully and legally protected and to ensure that all contracts are consistent to prevent P&L losses and to ensure that all documentary/financial instruments are issued correctly.

Responsibilities:

•Preparing contracts and dealing with countering of contracts to conclusion.
•Computer filing, data entry, tracking and logging of contracts, and all related correspondence and e-mails.
•Raising invoices
•Input orders into the system
•Liaising with accounts/ finance team
•Opening L/Cs
•General ad hoc support

Risk Analyst

Salary range: Permanent: £45,000 - £50,000 p.a. + Bonus + Benefits
Location: West End, London

A major global integrated energy company and a market leader operating in oil and gas, oilfield services construction and engineering industries.

Our client is a major global integrated energy company and a market leader operating in oil and gas, oilfield services construction and engineering industries.  

The role lies within the trading arm responsible for the marketing of overseas crude oil and crude oil products, gas and derivatives. The main activity and responsibility is the buying and selling of crude oil and gas from and to other Divisions and affiliates, and third parties. 

Scope of the Position: 

  • ·       To conduct risk analysis on the portfolio, report the P&L and to keep the trading position accurately up to date.  

Key Responsibilities and Accountabilities:

 ·       To carry out risk analysis by creating the daily risk management reports (covering physical and financial exposures, mark to market, value at risk, P&L, scenario analysis and credit exposure)

  • ·       Good understanding and working knowledge of risk metrics, especially VaR.
  • ·       To highlight any variances (or potential future variances) of the trading activity compared to the mandate
  • ·       To manage any ad hoc risk analysis.
  • ·       To maintain the trading position by updating the trading books/trading and risk management system with deals and prices.

 Candidate Specification – Skills & Experience:

 ·       Relevant degree preferably in Economics, Finance or quantitative discipline.

  • ·       1-2 years of experience in a trading environment is preferred but not compulsory
  • ·       Able to work additional hours, including a 7.30 am start 2 or 3 times a week
  • ·       Strong excel skills advanced with working knowledge of macros and VBA is essential.
  • ·       Knowledge of the energy markets (especially gas and power) would be an advantage
  • ·       Analytical skills, flexible and adaptable, good communicator, able to pay good attention to detail and be a good team worker.

 Are you able to work in London on a permanent basis?

Do you have good demonstrable experience of working with Risk Metrics, especially VaR?

Do you have advanced Excel skills (macros and VBA is essential)?

Do you have relevant work based knowledge of the energy markets?

Commodity Settlements Team Leader

Salary range: Permanent - £40,000 - £50,000 p.a. + Bonus + Benefits
Location: Central London

An exciting opportunity to work for one of the world’s top Integrated Energy trading companies. The position is responsible for supporting the Settlements Manager in providing a world class settlements service to the rapidly growing and changing business.

An exciting opportunity to work for one of the world’s top Integrated Energy trading companies. The position is responsible for supporting the Settlements Manager in providing a world class settlements service to the rapidly growing and changing business.

The role is an excellent opportunity for a talented and motivated individual to either build on their management skills or climb the first rung of the managerial ladder. The role will build their exposure across a range of energy products and the organisation, while working in a dynamic and ambitious company which is the main trading arm of the world’s largest gas producer.

The key tasks of this role are:

· Leading and managing a small sub team within the Settlements department ensuring the timely settlement of gas and power physical products, from issuing of confirmations to invoicing of these trades across the product range;

· Working closely with Front Office representatives for these products, supporting and initiating improvements to the trading systems and work flow processes within Settlements, Finance and across FO to Settlements, to implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;

· Liaising and working with the Settlements Manager and Transformation teams to develop Settlements capability within the trading systems proactively;

· Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Treasury and Credit teams to ensure integrity of data within the trading system to accurate reporting within defined timescales;

· Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;

· Maintaining excellent working relationships with counterparties and other teams within the organisation.

· Supporting and developing members of the team in their growth and development.

Duties and Responsibilities:

Gas and Power confirmations, invoicing and reporting

  • Ensuring the team actively manages the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;
  • Monitoring the number of outstanding confirmations to ensure that risk is minimised;
  • Ensuring the team issues invoices for the various commodities and products according to the specific contractual terms by generating sales and shadow invoices, including detailed back up;
  • Proactively investigating and taking action to resolve any disputes with counterparties;
  • Develop in depth understanding of the various general & bespoke contract terms and conditions for the products and develop robust validation techniques for these invoices;
  • Be the key point of contact for FO for gas and power non standard and intergroup contracts;
  • Liaising with parent company for the provision of sales and purchases summary to the Reporting team as a basis for accruals and final invoice details for monthly reporting, to meet reporting timetable;
  • Ensuring all processes, procedures and controls are constantly reviewed, documented and updated.
  • Responsibility for the recruitment, development, motivation and performance of the team
  • Working with the Settlements Manager and other Lead Analysts to ensure the Settlements team is efficiently trained across a range of products;
  • Building solid working relationships with internal & external counterparties and stakeholders;
  • Deputising for the Settlements Manager as required

Senior Credit Risk Analyst

Salary range: Permanent - £75,000 - £102,000 + Bonus + Bens
Location: Geneva, Switzerland

A great opportunity to work for a successful Oil Trading business based in Geneva As the Senior Credit Risk Analyst, your primary purpose is to support the Group’s business and to protect its interests in accordance with the Company’s strategy.

 

Senior Credit Risk Analyst – £75,000 – £102,500 + Bonus + Benefits
Based: Geneva

A great opportunity to work for a successful Oil Trading business based in Geneva

As the Senior Credit Risk Analyst, your primary purpose is to support the Group’s business and to protect its interests in accordance with the Company’s strategy.

Primary Accountabilities

  • Act as gatekeeper to ensure that Credit Risk Procedures are compliant with Management’s expectations.
  • Assist and interact with other departments within the Company (Trading, Legal, Contract Desk, Finance, Accounting, Letter of Credit Desk, Cash Control, and others).

Preparation of Credit Lines – Spot Approvals:

  • Assess the credit worthiness of the Group’s counterparts, which includes the operating environment, shareholding structure, quality of management, financial structure, and comparison with peers.
  • Establishment and renewal of credit lines and spot approvals
  • Handle Tenders Terms’ reviewing and assess inherent risks to best protect the Group’s interests.
  • Responsible for negotiating reciprocal Credit Lines

Reporting:

  • Assisting CRM in monitoring exposures on various counterparts (credit line utilization). Reporting to Credit Control in case of overexposure / credit breach.

Legal:

  • Manage parental guarantees received.
  • Assist in ISDA’s negotiations between Third Parties and the Legal Department.

Scope & Interactions

  • Follow-up on counterpart evolution, meet counterparts.
  • Identify and submit alternative Credit Risk Coverage solutions ( banks, Insurances)
  • Support new business development together with Traders and Business Development.
  • Participate in ad hoc projects (i.e. ETRM 2011 Project); take actions to develop and implement new projects related to Credit Risk Management;
  • Participate in the Credit & Risk Management Committee and Trader’s meeting
  • Upon Head of Credit Risk’s demand, act as back up in terms of Credit Risks, Credit Control and any daily issues.
  • Train and mentor other less experienced Credit Risk team members.

Primary Accountabilities

  • Act as gatekeeper to ensure that Credit Risk Procedures are compliant with Management’s expectations. 

    ·         Assist and interact with other departments within the Company (Trading, Legal, Contract Desk, Finance, Accounting, Letter of Credit Desk, Cash Control, and others).

    Preparation of Credit Lines – Spot Approvals:

    ·         Assess the credit worthiness of the Group’s counterparts, which includes the operating environment, shareholding structure, quality of management, financial structure, and comparison with peers.

    ·         Establishment and renewal of credit lines and spot approvals

    ·         Handle Tenders Terms’ reviewing and assess inherent risks to best protect the Group’s interests.

    ·         Responsible for negotiating reciprocal Credit Lines

    Reporting:

    ·         Assisting CRM in monitoring exposures on various counterparts (credit line utilization). Reporting to Credit Control in case of overexposure / credit breach.

    Legal:

    ·         Manage parental guarantees received.

    ·         Assist in ISDA’s negotiations between Third Parties and the Legal Department.

    Scope & Interactions

    ·         Follow-up on counterpart evolution, meet counterparts.

    ·         Identify and submit alternative Credit Risk Coverage solutions ( banks, Insurances)

    ·         Support new business development together with Traders and Business Development.

    ·         Participate in ad hoc projects (i.e. ETRM 2011 Project); take actions to develop and implement new projects related to Credit Risk Management;

    ·         Participate in the Credit & Risk Management Committee and Trader’s meeting

    ·         Upon Head of Credit Risk’s demand, act as back up in terms of Credit Risks, Credit Control and any daily issues.

    ·         Train and mentor other less experienced Credit Risk team members.

Senior Oil Trade/Product Control

Salary range: Permanent - £55,000 - £65,000 p.a. + Bonus + Benefits
Location: West End, London

The creation of a new Trading team has created a fantastic opportunity to join a very forward thinking Commodity Trading company whose primary markets are Crude, Gas, Power and CO2,

a company who is striving to be a leading global presence with the aid of equally aspiring employees

Main Job Function:

The trade control team will provide daily performance and control analysis of the trading business and will work very closely with the traders and the other parts of the trading business.  This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. 

The team provides real-time front-line control and management information for management, vessel charters and traders. This includes daily profit and loss measurement, trading exposure reporting, and risk reporting. Because of the unique position of the team in the middle of the commercial activities, the team will also support broader commercial activities. 

 Key Responsibility Areas:

  • Manage performance feedback of junior staff together with the Trade Control Manager
  • Supervise procedural compliance; identify and document process opportunities
  • Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers; analyse and investigate results obtained from the underlying data
  • Provide routine analyses of book performance to the vessel charters and traders
  • Use knowledge of the book’s activities to understand and explain commercial activities and strategies
  • Spot and remedy any problems with relevant data (transaction, market or reference data)
  • Monitor vessel charters and traders’ adherence against their delegated authority
  • Guarantee compliance for trading procedures with relevant controls
  • Contribute to new business initiatives, systems or process improvement projects
  • Train other teams and share expertise
  • Maintain a good knowledge of market conditions through the use of provided tools
  • Maintain good relations with vessel charters and traders and other parts of the business

You will have:

  • Relevant experience within a Trade Control / Product Control environment in an oil trading company
  • Experience in heavy and middle distillates;
  • Knowledge of control processes applicable in a trading / regulated environment;
  • Knowledge of financial hedging on Oil & Products;
  • Commodity trading business experience; Vessel chartering, shipping or bulk commodity movement
  • Familiarity with asset commercial performance measurement concepts
  • Knowledge of vessel chartering or trading in physical oil; Robust interpersonal communication skills
  • Ability to work within a team and meet strict deadlines; Ability to display attention to detail at all times

Senior Trade / Product Control Analyst

Salary range: Permanent - £60,000 - £70,000 p.a. + Bonus + Benefits
Location: West End, London

An integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas are expanding their London operations with this key appointment

Key Responsibility Areas:

Manage performance feedback of junior staff together with the Trade Control Manager

Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers

Provide routine analyses of book performance to the vessel charters and traders

Use knowledge of the book’s activities to understand and explain commercial activities and strategies

Spot and remedy any problems with relevant data (transaction, market or reference data)

Monitor vessel charters and traders’ adherence against their delegated authority

Guarantee compliance for trading procedures with relevant controls

Contribute to new business initiatives, systems or process improvement projects

Train other teams and share expertise

Candidate Specifications:

Relevant experience within a Trade Control environment in an oil trading company; Mid-office experience is essential

Experience in heavy and middle distillates; Knowledge of control processes applicable in a trading / regulated environment;

Knowledge of financial hedging on Oil & Products;

Trade / Product Control Analyst

Salary range: Permanent - £55,000 - £65,000 + Bonus + Benefits
Location: West End, London

An integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas are expanding their London operations with this key appointment

The trade control team will provide daily performance and control analysis of the trading business and will work very closely with the traders and the other parts of the ETS business.

This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.

KEY RESPONSIBILITY AREAS:

  • Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers
  • Analyse and investigate results obtained from the underlying data
  • Provide routine analyses of book performance to the vessel charters and traders
  • Measure and providing insights into commercial performance
  • Spot and remedy any problems with relevant data (transaction, market or reference data)
  • Monitor vessel charters and traders’ adherence against their delegated authority
  • Guarantee compliance for trading procedures with relevant controls
  • Contribute to new business initiatives, systems or process improvement projects
  • Train other teams and share expertise
  • Maintain a good knowledge of market conditions through the use of provided tools
  • Maintain good relations with vessel charters and traders and other parts of the ETS business
  • Reconcile management information to accounting data on a timely and accurate basis.
  • Cover other analysts within the team when necessary

CANDIDATE SPECIFICATION:

  • Mid-office experience ; Relevant experience within a Trade Control environment in an oil trading company
  • Knowledge of financial hedging on oil & products;
  • Knowledge of vessel chartering or trading in physical oil; Robust interpersonal communication skills
  • Knowledge of control processes applicable in a trading / regulated environment;
  • Familiarity with asset commercial performance measurement concepts;
  • Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet, ICTS).

Senior Market Risk Analyst

Salary range: Permanent - £60,000 - £70,000 p.a. + Bonus + Benefits
Location: West End, London

An integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas are expanding their London operations with this key appointment

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

CANDIDATE SPECIFICATION – SKILLS & EXPERIENCE

  • University degree preferably in Economics, Finance or quantitative discipline.
  • Sound background Statistics sciences.
  • Understanding of the energy markets is a essential.
  • Understanding of option’s theory and models is a essential
  • Risk experience in Gas is essential whilst experience with Power and CO2 would be an advantage.
  • Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet, ICTS).
  • Banking/ Financial Service/ Commodity or Trading background.
  • Analytical mind.
  • Good attention to detail.
  • Good interpersonal and communication skills.
  • Ability to build and nurture effective relationships across multiple disciplines of ETS organisation.
  • Flexibility and adaptability to work in rapidly changing environment
  • Proactive approach to problem solving, and ability to identify and set priority actions and handle a high workload.
  • Be a good team player.
  • Full command of English language (written and spoken).

Credit Risk Analyst

Salary range: Permanent - £50,000 - £60,000 p.a. + Bonus + Benefits
Location: West End, London

An integrated energy company, committed to developing its activities in research, production, transport, transformation and marketing of oil and natural gas

Analyse and quantify credit risk profile of a single counterparty and of a portfolio of counterparties (Credit exposure and expected losses)Assess creditworthiness of a counterparty 

Develop and quantify credit risk limits and margining thresholdsRun daily credit reports and monitor daily credit risk limits 

Manage collaterals for credit risk mitigationSupport negotiation of Credit Support Annexes, Netting Agreements 

Drive projects for implementation of credit risk limits and reports  in IT systems (Openlink, Zainet)Guarantee compliance of credit risk procedures 

Candidate Specification – Skills & Experience  University degree preferably in Economics, Finance or quantitative discipline.  

Minimum of 2 years experience in credit management of Banking/ Financial Service/ Commodity or Trading firms.Understanding of the energy markets is a essential.

Risk experience in Gas is essential whilst experience with Power and CO2 would be an advantage. Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet)

Availability to frequent travels to Bruxelles

Market Risk Specialist

Salary range: Permanent - £50,000 - £60,000 p.a. + Bonus + Exc. Benefits
Location: Docklands, London

Our client deals in the exploration, production, refining, trading and distribution of energy. The role is about improving market risk measurement and control through:

(i) Maintenance and development of robust market risk measurement models
(ii) Interpretation and improvement of market risk policies and procedures
(iii) Analysis of market conditions and trading positions

Key accountabilities
* Interpreting existing company market risk policies and ensuring their correct application in GTEL as well as providing

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input into the definition of new policies and procedures
* Daily reporting of Value at Risk metrics as well as other risk model outputs including rigorous analysis of changes with regards to market environment and trading strategies
* Engaging the Front Office, other functions, and management to ensure transparency of market risk drivers
* Providing market risk input required as part of the functional assurance process through which new activities and projects considered by the Front Office are being evaluated and approved

Essential experience and job requirements
* Several years of relevant experience preferably in natural gas trading, market risk, or middle office environment
* Thorough understanding of Value at Risk concepts and other risk measurement tools including their pitfalls and limitations
* Strong analytical skills including the ability to understand and communicate complex transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio
* Candidate must be a team player with the ability to perform under pressure in a dynamic environment, the ability to handle numerous tasks simultaneously, and the ability to prioritise
* Familiarity with option valuation models, Monte Carlo simulation techniques, calculation of option Greeks, etc.
* Strong numeracy and advanced Excel skills

Essential Education
* A solid University degree in a quantitative discipline (finance,

engineering, etc.) is a requirement. Professional qualifications in financial analysis, risk management, business, or operations research would be desirable, but are not required.

Desirable criteria and qualifications
* Matlab/VBA programming skills
* Bloomberg/Energyscope/Business Objects/Openlink experience

Gas Settlements Analyst

Salary range: Temporary - £16.00 - £22.00 per hour
Location: London

A major global Oil & Gas Trading company based in London are creating a new Global Shared Settlements team

to offer world class settlements and analysis across it’s global.

The roles will be offered on an ongoing temporary Contract commencing in November 2011.

The scope of the roles include, but are not limited to:

As a Settlements Analyst you will be wholly responsible for a suite of 3rd Parties and Group companies and you will be expected to manage all aspects of the relationship ensuring transactions and queries are dealt with efficiently.

The role is within the wider Financial Settlements Team, part of Global Central Services. The team provides Trade Settlement support for three trading functions in Singapore, London and Chicago.

As a global trading organisation you may be required to work an early shift (from 7am), or a late shift (until 7pm), in addition there will be requirements to work on some bank holidays and weekends.

Key accountabilities

-Raising & Issuing 3rd Party AR Invoices (oil or ancillary) in line with highly variable contractual due dates OR Reconciling and paying incoming AP invoices, creating recharge invoices where necessary Raising & Issuing Intercompany Party AR Invoices (oil or ancillary) in line with highly variable contractual due dates

-Confirming incoming cash & consolidating to daily cash forecast within tolerance

-Resolving volume, tax and other disputes in a timely manner

-Managing re-invoicing workload due to operational data or pricing updates

-Ensuring all invoices are tax compliant

-Managing overdue debt

-understand and adhere to control and compliance policies

-Reconciling and matching payments fir incoming AP invoices, creating recharge invoices where necessary

-Managing the Quarterly Group Agreement process

-Resolving volume, tax and other disputes in a timely manner

Skills & Experience Required

-Thorough understanding of Commodity Settlements Process (ideally energy), gained in a Banking or Commodity Trading Environment

-System Literate – SAP experience is essential, and wide range of other in-house transactional systems

-Relationship Management with internal and highly sensitive external customers, globally

-Strong and confident communication skills

-Ability to manage workload independently to clear performance measurements with little supervision

-Highly numerate

-An accounting background is desirable; experience of Intercompany Processes would be advantageous, but not essential.

Product Control Analyst

Salary range: Permanent - £50,000 - £60,000 p.a. + Bonus + Benefits
Location: Docklands, London

Blue Chip Commodities Trading Company based in Canary Wharf, London, now looking for a Product Control Analyst to join their Distillate Oil Product Control team.

The organisation is a key player in global commodities trading presenting great career opportunities for the right individual. This position could lead to management opportunities in the Product Control function or lead to other opportunities in Front Office Trading or Risk.

The London Distillate Product Control team is responsible for managing the distillate oil trading activity in Europe. It is an important member of the global Distillate Product Control organisation which includes teams in Global Oil Americas (Cantera), Calgary and Eastern Hemisphere (Singapore).

The distillate product control team provides front-line control and management information for management and traders. This includes daily profit and loss reporting, trading exposure reporting, and risk reporting as well as performing the month end close for the books. In addition, the team also supports broader commercial activities including helping with:
– systems projects
– analysis of business opportunities
– providing deep insights into commercial performance
– monitoring trader adherence to authorised limits

The role reports to the Regional Head of Product Control Distillate, London, and is member of a team of 10.
The purpose of this role is to provide control and management information for front, mid and back office, including:
– Production of daily system of record exposure
– Daily Profit & Loss and accompanying analysis and insight
– Monitoring of Delegations of Authority and adherence to trading limits
– Enhance the control environment through critical evaluation of current controls and processes, utilisation of best practice and the introduction of ongoing improvements.
– Own the relationship with the relevant trader(s) and manage relationships with other teams and functions
– Forecast working capital requirements.
– Spot and remedy issues with trading positions and explain trading performance and strategies.
– Support process and system improvements through leading and participating in various project initiatives.
– Analysing and investigating the results obtained to the underlying data.

The ideal candidate will be at least a graduate from a Top University and have a minimum 12 months physical commodities product control (oil) experience together with knowledge of control processes applicable in a trading / regulated environment and working knowledge of trading and derivatives. Physical Commodities product Control experience is a must for this role. Ideally the candidate would be a studying towards further accounting or financial qualifications (ACCA, CIMA, CFA, or other relevant professional qualifications will be considered).

In return you will get a competitive base salary, bonus and huge benefits package, superb training and one of the best career paths in the market in an excellent working environment

Quantitative Analyst – Market Risk

Salary range: Permanent - £40,000 - £50,000 p.a. + Bonus + Benefits
Location: Berkshire, Windsor

A great opportunity to work as a Quantitative Analyst for a very successful commodities trading company

  • You will be responsible for running the weekly Power Optimization process; this includes gathering input data from independent sources as well as verifying contract data.
  • The end results of the process need to be verified and change analyses need to be performed to assure quality of the reporting.
  • Results need to be reported and communicated with the Power Asset Book Risk Manager and the Reporting Team.

Other tasks:

  • IAS39 Standard contracts preparation;
  • Monthly Stress testing.

Key challenges:

  • Power Optimization processes;
  • Reporting processes;
  • Strict deadlines.

Reporting to: Power Asset Book Risk Manager

Academic requirements:

  • Bachelor/Master in a quantitative or business subject;
  • strong excel skills;