Image

Latest Vacancies

Product Control

Salary range: £40,000 - £50,000 p.a. + Performance Bonus & Benefits
Location: London, City

Based in London, our client is a global energy trading business with exposure to a range of commodities. They are looking for a part qualified ACCA/CIMA candidate who has an interest in Product Control or a base knowledge of the profit & loss procedure. The successful candidate will have experience within a commodity trading company.

Based in London, our client is a global energy trading business with exposure to a range of commodities.

They are looking for a part qualified ACCA/CIMA candidate who has an interest in Product Control or a base knowledge of the profit & loss proceedure.

The successful candidate will have experience within a commodity trading company.

JOB RESPONSIBILITIES

1. Responsibility for daily P&L processes and timely provision of monthly key performance indicators to enable the business team to understand and manage trading performance, including daily exposure and P&L reporting, analysis, limit monitoring and monthly MI to accounts reconciliations.

2. Responsibility to review and check daily physical and paper transactions have been posted correctly, are within Trading Delegations of Authority, and also to ensure the hedging is carried out correctly each day;

3. Providing management information and cost analysis, specifically; monthly commercial performance measures; and, fixed cost reporting and cost analysis;

4. Reviewing market data, Substantiating and documenting attribution methodology;

5. Ensuring integrity of data through the implementation and use of suitable controls;

6. Development and maintenance of suitable infrastructure in support of business growth;

7. Calculation/maintenance of fair value adjustments (FVAs);

8. Responsible for being able to provide suitable cover across the Product Control team, as required.

Bio-Fuels Broker

Salary range: £60,000 - £80,000 p.a. + Uncapped Performance Bonus
Location: London, Victoria

Help us expand in the European biofuel market. As a Biofuel Broker, you will be responsible for building your own customer portfolio by generating new accounts while also managing part of the Company’s existing customer base.

Our client is looking for Bio Fuel specialist brokers to join their team in London, there is an opportunity to join the team or head up the desk depending on your experience!

The Role:

We are looking for new team members to help us expand in the European biofuel market.

As a biofuel broker, you will be responsible for:

  • Building your own customer portfolio by generating new accounts while also managing part of the Company’s existing customer base.
  • Nurturing client relationships and trust, always striving to provide a top-quality service.
  • Becoming the main source of information to your customers by keeping them constantly updated on latest developments in the market.
  • Developing a deep understanding of the marketplace to continuously identify innovative solutions for your Customers.
  • Structuring deals by matching supply and demand in a way that maximises long-term value generation for all parties involved.
  • Staying updated on relevant regulatory evolutions and building relationships with competent authorities.
  • Contributing to the Company’s reputation for integrity, reliability and customer focus.

Our Candidate:

Every new employee is hired with the belief that he or she will be a long-term employee and an eventual leader in the firm. For this reason, we always look for the following in our candidates

  • Ability to challenge the established thinking to seek a better way.
  • Relentless desire to learn and improve.
  • Strong problem solving and attention to details.
  • Entrepreneurial attitude.
  • Ability to work in team and support colleagues.

In addition, for this position, we are looking specifically for:

  • 2 – 5 years’ experience in brokerage, trading or account management.
  • Direct experience in trading or brokerage of biofuels and/ or biofuel certificates is a plus.
  • Fluent in English and another European language.
  • Great communication and interpersonal skills with a natural commercial drive.
  • Living in or available to relocate to London or Milan.

Junior Back Office Analyst

Salary range: £20,000 - £25,000 p.a. + Performance Bonus & Benefits
Location: London, Victoria

Our client is a Commodity & Financial Services firm based in London, West End. based Broking firm. This is a rare opportunity to join a successful, well established firm and receive 'fast-track’ training as an Junior Back Office Analyst you will be working within a team supporting the Trading floor !

Our client is a Commodity & Financial Services firm based in London, West End. based Broking firm.
This is a rare opportunity to join a successful, well established firm and receive ‘fast-track’ training as an Junior Back Office Analyst you will be working within a team supporting the Trading floor !

The successful candidate will be very personable, a strong team player, be confident and able to communicate with the front office.

Your responsibilities will include but may not be limited to:

• The collection of any deal tickets Traders and checking for their accuracy before allocating to a clearing system.

• Checking that all deals have been received and cleared.

• Send deal confirmations/recaps to customers throughout the day

• Ensuring all deal files include the relevant information

• Liaise with brokers who will need to check their trades, averages, and levels.

• Filing of incoming confirmations and associated paperwork.

• Providing cover for other back office staff.

• Plus any other duties that may be reasonably asked of you

• Be able to accurately work out positions from top day and previous day

You will be trained to use systems such as PTMS and Crystal and will gain working knowledge of relevant markets e.g. IPE, NYMEX, RBOB, HO through training.

Trading Support Analyst

Salary range: £40,000 - £45,000 p.a. + Performance Bonus
Location: London, City

An Investment Fund specialising in commodity derivatives are looking to appoint this new position candidate will take up an integral role within the Middle Office team. Our client takes pride in nurturing and developing their people to be the very best in the industry, and love to see continuous growth and development as key to the success.

An outstanding Trading Support Analyst is required to join an exciting client based in London.

An investment fund specialising in commodity derivatives.

The successful candidate will take up an integral role within the Middle Office team. Our client takes pride in nurturing and developing their people to be the very best in the industry, and love to see continuous growth and development as key to the success.

Responsibilities:

  • End of Day reporting.
  • PnL Reporting and Reconciliation.
  • Daily position reconciliation.
  • Monthly position management and optimization.
  • Risk reporting (margin, haircut, physically deliverable positions).
  • Regulatory Reporting.
  • Trading Activity Reporting.
  • Process automation.
  • Involvement in ad hoc cross-departmental projects.
  • Interacting with Front Office desks answering to ad-hoc requests and trade related questions.

Requirements:

  • A Bachelor’s degree in Finance, Accounting, Economics or a related analytical field.
  • 1-2 years of professional experience.
  • Strong Excel skills.
  • Commitment to working long hours.
  • Ability to work autonomously and use own initiative.
  • Strong analytical skills.

Desirable:

  • Python and VBA programming.
  • Experience with commodity derivatives.
  • Familiarity with Reuters, Bloomberg and Platts functionality.
  • Relevant work experience in a Middle Office role.

Trading & General Accounting Analyst

Salary range: £40,000 - £48,000 p.a. + Performance Bonus & Excellent Benefits package
Location: Docklands, London

A global gas & power company are recruiting this 12-month fixed term contract into their Trading Control team, which will lead to a Permanent role at the end of the Contract.

My client, a global gas & power company are recruiting this 12 month fixed term contract into their Trading Control team.

Trading Accounting

  • Gross margin process: Manage the daily flow of all trading invoices from the trading system to both the invoice analysis database and the financial ledgers in a timely manner (up to posting and analysis only, not settlement, netting or cash allocation).
  • Gross margin Control: Maintain the link and the reconciliation between the financial accounting system and the invoice analysis database (Qlickview) on a virtually real-time basis. Continuously apply and enhance (internal and SOX) controls to ensure all invoice documents are captured and processed correctly.
  • Gross margin analysis: On a regular basis compare invoices received to accruals/deals to identify posting errors, prior period adjustments, incorrect deal valuations, incorrect invoices, or weaknesses in the actual / accrual processes or systems, and clearly communicate findings to the Trading Control, Middle Office, Back Office or IT teams as appropriate.
  • Exchange reconciliations and cash allocations: Ensure the accurate reporting of, and reconciliation between, Book and Exchanges, the accurate allocation of cash to the P&L, and follow-up any issues in a timely manner.
  • Intercompany reconciliations: On a monthly basis report the intercompany P&L and outstanding balance sheet items with group companies and on a quarterly basis agree these values directly with the particular counterparts.

General Accounting

  • Cash accounting: contribute to cover the processing and reconciliation of all bank, futures exchange and counterpart collateral entries on a daily basis, maintaining tight control of bank suspense accounts and any automatic or manual cash allocations.
  • Expense processing: assist the team to ensure employee expenses are properly validated and authorised according to the delegation of authority schedule, and that these are paid by the appropriate method (BACS, Chaps, TT or cheque) within a reasonable turnaround time.
  • Balance sheet control and reporting: assist the team in the accounting, reconciling, reporting, investigation of the balance sheet, addressing items from the following perspectives:
  • Assist balance sheet substantiation and reporting by challenging remaining items, considering possible grossing-up issues or reporting visibility. Aim to keep balance sheet accounts clear of old or un-reconciled items, closing unused accounts and help to maintain the chart of accounts overall.
  • Indirect taxes: remain aware and considerate of indirect tax requirements when processing documents and transactions, ensuring correct tax treatment. Assist with certain aspects of the reconciliations and returns under the guidance of the General Accounting Supervisor and also the Tax Manager.

Operations Supervisor – Commodities

Salary range: £30,000 p.a. + Benefits package
Location: North Kent

A leading Resource Trading and management form are looking to appoint an experienced Operations Supervisor with experience of either Trade Finance or Physical Operations.

JOB PURPOSE

  • Lead from the front and oversee the work of the documentation and ticket teams, to ensure they work efficiently, effectively and accurately.
  • To assist with export customs clearance processes

ACCOUNTABILITIES

  • Manage and oversee the daily activities of the operations team (Export Documentation and Tickets team) following the company’s procedure and guidelines
  • Ensure that all documents being sent to the banks are checked in advance to ensure total accuracy while taking responsibility to contact the banks directly should errors arise with regards to Documentary Credits.
  • Be a lead in aligning exportation process with new rules and regulations following BREXIT.
  • Assist agents, internal and external customers and suppliers with any queries they may have and ensure optimum responses times to aid operational effectiveness.
  • Ensure that the correct inspection has been made for each end country as containers are being shipped to a range of locations
  • Record tonnage for each grade from each site and provide end use details on a monthly basis.
  • Support, oversee and take an active role in matching tickets on ExportMaster- ensure that correct tickets are imported to the correct sales orders and ensure company are receiving good quality photos from each site.
  • Assist Rest of the World logistics department with Detention and Demurrage requests and ensure efficient and effective response times.
  • Ensure that the DFR/Dashboard is regularly maintained and up to date with the correct information included.
  • Ensuring all filing systems are up to date and documents are controlled in line with internal standards.
  • Contribute to the development and monitoring of KPI’s set for the department and report on them.
  • Oversee and assist month end figures and submit required reports to complete month and year end activity.
  • To drive high standards of employee engagement, encouraging them to participate in employee surveys, creating local engagement plans and creating an environment of improved top down and bottom up communication

REQUIRMENTS:

  • Have, and maintain at all times a good understanding of the supply and demand cycles and market influence factors, competitors and trade prices of all materials.
  • Suitable experience in export customs clearance. With key focus on UK-Europe trade lane.
  • Must have a minimum of 2 years’ experience.

EXPERIENCE:

  • Strong supervisor with good people management skills
  • Well organised, logical and creative thinker.
  • Self-motivated with the ability to work to targets and deadlines.
  • Suitable export customs clearance knowledge.

Junior Oil Operator

Salary range: £35,000 - £40,000 p.a. + Performance bonus & Benefits package
Location: London, West End

Our client who is part of a major energy company specialising in oil are looking to recruit into their cargo team to assist with the smooth cargo transportation and operations of the oil.

Our client who is part of a major energy company specialising in oil are looking to recruit into their cargo team to assist with the smooth cargo transportation and operations of the oil.

Principal Duties/Responsibilities:

  • Diligently maintain and regularly update/manage filing system and records of all physical contract operations in such a way that would permit other team members to take over tasks at short notice
  • Review purchase and sale contracts;
  • Send chartering application when necessary, get vessels approved by the suppliers and buyers, send documentation instructions, appoint inspection company, apply insurance when necessary, and secure invoices from suppliers;
  • Liaise with Trading, Contracts, Shipping, Trade Finance, Cargo Control and Demurrage Claim teams;
  • Monitor vessel movement, identify quantity loss and quality off-spec and assist Cargo Control to lodge claim against suppliers/owners;
  • Observe B/L date and B/L quantity of all hedged cargoes and keep physical traders and OTC traders informed of any change;
  • Update data in trading systems promptly and accurately;
  • Strictly meet the timing requirements in the operation procedures;
  • Give clear hand-over instructions before taking annual leaves or business trips and cover other team members whenever required;
  • Any other tasks that the company may reasonably assign from time to time according to business need

Operations and Chartering Specialist (based Singapore)

Salary range: $110,000 - $140,000 Singapore dollars + Performance Bonus & Benefits
Location: Singapore

We are recruiting for a Global super-major Integrated Oil & Gas Commodity Trading company, ranked within the Top 100, Fortune 500 companies and operating in over 70 countries. The main job function includes the day-to-day operations related to the execution of the whole deal life-cycle for commodity contracts generated by pertinent Oil Trading Team

We are recruiting for a Global super-major Integrated Oil & Gas Commodity Trading company, ranked within the Top 100, Fortune 500 companies and operating in over 70 countries.
The main job function includes the day-to-day operations related to the execution of the whole deal life-cycle for commodity contracts generated by pertinent Oil Trading Team

  • the day-to-day operations related to the execution of the whole deal life-cycle for commodity contracts generated by pertinent Oil Trading Team(s), including but not limited to: (i) set-up of documentary instructions; (ii) dealing with Inspection Companies for related cargo quality/quantity controls; (iii) managing demurrage claims; (iv) certifying subject delivered performances and (if any) the consequent costs (v) manage voyage orders; pro-forma invoice; documentary instructions; vessel nominations; Letter of Credit; Provisional and Final cargo insurance; Narrowing/Nomination of dates/quantities; Vessel clearance, etc (vi) manage claims of ancillary costs such as freight differential; deviation cost; dead-freight and monitor progress of their resolutions;
  • the requested tasks and duties to timely and accurately perform the activity related to the provisions of company’s procedure and Risk Control Matrix actually in place;
  • the whole set of internal communication and co-operation regarding the pertaining cargoes such as shipping, credit, etc.;
  • the requested activities to ensure the company’s position keeping system timely and accurately up-to-date with all latest data regarding cargoes including bill of lading dates, actual volumes etc.;
  • maintaining good relationship with internal clients, head office and counterparties;
  • “On purpose” requests related to operations activities generated by Trading Team.
  • good working relationships and daily communication with the operations team of relevant counterparties;
  • the requested tasks and duties and will be the focal point for al communication with terminals regarding nominations of loading programs etc.;
  • manage voyage orders; pro-forma invoice; documentary instructions; vessel nominations; Letter of Credit; Provisional and Final cargo insurance; Narrowing/Nomination of dates/quantities; Vessel clearance, etc.;
  • manage claims of demurrage and ancillary costs such as freight differential; deviation cost; dead-freight and monitor progress of their resolutions;
  • managing chartering spot process working closely with traders and head office;
  • keeping the fixtures documentation with all latest data;
  • reduce the voyage expenses for an optimal returns for the Company’s tonnages;
  • in coordination with tanker chartering and operations teams ensure the maximum space utilisation of a vessel, number of port calls and estimated voyage financial results;
  • assist Management and the team with ad hoc requests;

Reporting Relationships;

This position currently hierarchically reports to the Singapore Branch Manager and functionally to the Oil/Products Trading Operations Manager and Chartering in London and has the following interfaces:

  • Internal – front office, shipping, legal, back office and middle office units on a daily basis;
  • External – counterparties, terminals, inspecting companies etc.

Candidate Specifications:

  • Strong academic credentials with a numeracy-oriented specialization;
  • Significant experience (4-8 year) in oil trading environment and multi-commodities operational management are compulsory;
  • Proficiency in handling cargo documentation, bill of lading, inspection activity related to Quality & Quantity controls, LC, Demurrage management (basic calculation and preventing from time-bar); voyage orders, customs duty and clearance related issues; Storage management and Ship-to-Ship operations; Blending; REACH provisions and requirements; Cargo Insurance issues;
  • Good knowledge of Commodity and Vessels Operations activities including Cargoes, Time Charters, Voyage Charters, Ships;
  • Full command of English language (written and spoken);
  • Analytical mind, strategic thinking and practical problem solving;
  • Innovative, pro-active and efficient approach to work;
  • Dedication and result oriented approach to work;
  • Good attention to detail, organised, structured and logical;
  • Awareness of Credit Recovery, Procedures, Compliance Policy;
  • Excellent communication skills and ability to build and nurture effective relationships internally and externally;
  • Strong team player, who is able to work with limited supervision and lead the activities;
  • Experience in working in a global and international organization;
  • Flexibility and adaptability to work in rapidly changing environment, be self-disciplined and stress resilient;
  • Working knowledge of Microsoft Suite.

Location:

  • Singapore

Trading Analyst (Oil)

Salary range: £40,000 - £46,000 p.a. + performance Bonus & Benefits
Location: West End, London

An entrepreneurial, established but rapidly expanding Commodity and Energy Trader of Oil, Gas, Power and LNG products are recruiting this new role as part of their continued expansion for 2018. You will use your current experience working alongside Commodity Trading teams to move into the Front Office and support the Crude Oil Trading team with trader deal entry, position reconciliations, and daily and intra-daily P&L assessment.

 

MAIN RESPONSIBILITIES: 

  • Active member of the Crude trading book, providing support for traders.
  • Important member of an inclusive team.
  • Position reconciliations; daily and intra daily P&L assessment; trader deal entry (paper and physical).

JOB RESPONSIBILITIES: 

  • Position reconciliations.
  • Generating hedging reports.
  • P&L calculation and reconciliation with back office.
  • Trader deal entry (paper and physical).
  • IT system deal management (e.g. LC, BFOE accruals).
  • Cargo tracking.
  • Ad hoc N Sea/Dated market analysis.

QUALIFICATION REQUIREMENTS:

The successful candidate will have a very good mathematical ability and strong Excel skills and you will be able to build strong relationships with the Front Office team.

  • Numerate Degree Qualified

WORKING EXPERIENCE: 

  • Preferably previous commercial experience, knowledge of exposure management/position keeping.
  • Preferably experience within and oil company or trading house

OTHER REQUIREMENTS: 

  • Strong spreadsheet skills.
  • Strong mathematical skills.
  • Strong analytical skills.
  • Someone willing to learn the business and work hard.

Graduate Treasury Analyst

Salary range: £30,000 - £36,000 p.a. + Performance Bonus & Benefits
Location: West End, London

An entrepreneurial, established but rapidly expanding Commodity and Energy Trader of Oil, Gas, Power and LNG products are recruiting this new role as part of their continued expansion for 2018.

You will have a keen interest in pursuing a Treasury / Money Markets / Finance based career and have either recently Graduated with a numerate Finance based degree, have Internship or some work based Treasury experience.

On a daily basis you will assist with Managing the daily cash position, including monitoring the position during the course of the day, following up internally regarding expected movements, liaising with banks regarding expected receipts of funds, pooling and sweeping between accounts held with various banks and arranging funding as required (spot and hedge)

  • Process daily payments using the online banking facilities
  • Monitor and reconcile monthly bank charges
  • Monitor and reconcile internal finance charges
  • Cash flow forecasting, including providing on a daily basis, a 14 day cash flow forecast, determining funding requirements and analysing variances between forecasting and actual positions, providing explanations for changes
  • Liaising with other internal departments to ensure that the data in systems used for cash flow forecasts is accurate
  • Process other manual payments, financing transactions.
  • Answer inquiries in a timely manner.
  • Support other treasury activities including trade finance.

QUALIFICATION & EDUCATION

  • Degree in Finance/Banking/Commercial/Treasury or equivalent
  • Knowledge/exposure of FX and money market products
  • Experience in preparing cash forecasts and cash flow analyses
  • Analytically minded

OTHER REQUIREMENTS

  • Analytical, organization, and interpersonal skills
  • Advanced spreadsheet and modelling skills
  • Advanced Excel and financial modelling experience
  • Interested in process improvement
  • Willing to adapt quickly to quick changes in direction
  • Internally motivated to seek out answers, generate ideas, and develop new skills

Trading Analyst Oil (Front Office)

Salary range: £40,000 - £50,000 p.a. + Performance Bonus & Benefits
Location: West End, London

An entrepreneurial, established but rapidly expanding Commodity and Energy Trader of Oil, Gas, Power and LNG products are recruiting this new role as part of their continued expansion for 2018.

You will use your current experience working alongside Commodity Trading teams to move into the Front Office and support the Crude Oil Trading team with trader deal entry, position reconciliations, and daily and intra-daily P&L assessment.

MAIN RESPONSIBILITIES: 

  • Active member of the Crude trading book, providing support for traders.
  • Important member of an inclusive team.
  • Position reconciliations; daily and intra daily P&L assessment; trader deal entry (paper and physical).

JOB RESPONSIBILITIES: 

  • Position reconciliations.
  • Generating hedging reports.
  • P&L calculation and reconciliation with back office.
  • Trader deal entry (paper and physical).
  • IT system deal management (e.g. LC, BFOE accruals).
  • Cargo tracking.
  • Ad hoc N Sea/Dated market analysis.

QUALIFICATION REQUIREMENTS:

The successful candidate will have a very good mathematical ability and strong Excel skills and you will be able to build strong relationships with the Front Office team.

  • Numerate Degree Qualified

WORKING EXPERIENCE: 

  • Preferably previous commercial experience, knowledge of exposure management/position keeping.
  • Preferably experience within and oil company or trading house

OTHER REQUIREMENTS: 

  • Strong spreadsheet skills.
  • Strong mathematical skills.
  • Strong analytical skills.
  • Someone willing to learn the business and work hard.

Head of Desk (Metals)

Salary range: to £75,000 p.a. + 100 - 150% Performance Bonus (on target)
Location: City,London

A leading independent Commodity execution services provider, benefitting from strategic partnership with a global financial broker, operating from offices in London, Paris, New York, Hong Kong and Houston.

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: £40,000 - £45,000 p.a. + to 20% Performance Bonus & benefits package
Location: Docklands, London

The role with a global Energy Trading business and part of one of the World’s Major Energy Groups, will support the growth expected in LNG & Dry products and report to the Credit Supervisor but will work in close co-operation with the Dry Bulk Desk alongside Traders and the Dry Bulk Operations desk, as well as Back Office and Legal Department when necessary. You will be 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:

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

Market Research Strategist – US Gas Focused

Salary range: £53,000 - 65,000 p.a. Plus performance excellent bonus & benefits
Location: Docklands, London

The role with a global Energy Trading business and part of one of the World’s Major Energy Groups, will support the growth expected through the year due to recent significant expansion

  • Market and Quantitative Research aims at providing better understanding of the markets in terms of price and fundamentals, finding ways to model / forecast their dynamics and dealing with complex issues requiring a quantitative approach (pricing, hedging and simulations of complex products, transactions or assets).
  • The Research team is typically staffed with 6 or 7 permanent analysts: the typical structure is 2 quantitative analysts, 3 to 4 market analysts, 1 meteorological analyst. In addition to permanent staff, the team regularly hosts interns.

The holder of the position covers primarily the US gas markets  but will get exposure to the other commodities traded (including worldwide gas, LNG and NGLs, power, emissions and dry products).

  • Provide market reports and analysis to global  trading desks and senior management, as well as to Paris headquarters, affiliates (RC) and market partners; create and update presentations on market-related topics
  • Analyse market data, market prices, fundamental data (supply, demand, storage, weather impact…) and stay up to date on market structure in terms of companies, infrastructures and regulations
  • Supervise relationships with Total market data repositories (Medeco, GP Insights) and develop new data sources
  • Support senior management by maintaining information regarding the business activity: trading statistics, portfolio
  • Understand what are the driving forces on the energy markets, apply economics concepts to forecasts and price determination mechanisms and play the role of US gas market expert on the trading floor
  • Ensure support to Paris headquarters on market-related issues that may arise on their regular activity
  • Work in association with the quantitative analysts within the Research team to design models including supply-demand equilibrium models or price-determination models
  • Maintain an understanding of the trading desks business models and stay up to date regarding their positions
  • Develop a market view and produce trading recommendations, risk management advisories and/or price forecasts

Proactively discuss and support market views to the trading desks or the management

  • Give a global view of energy markets, enhance group’s understanding of energy markets interactions
  • Provide in-depth analysis to identify current and future market drivers and behaviours.
  • Promote Total trading activities to clients via reports, meetings and intervention at external conferences
  • Provide a proactive advisory view of the markets to the relevant desks

 

 

Trader Middle Distillates (Diesel/Jet Fuel)

Salary range: To £75,000 p.a. plus excellent Performance Bonus and Benefits
Location: Central London

We are recruiting for a Global super-major Integrated Oil & Gas Commodity Trading company, ranked within the Top 100, Fortune 500 companies and operating in over 70 countries.

 

THE ASSIGNMENT:
The job holder will be responsible for and will take part in:

• Trading of Middle Distillates (Diesel/Jet-fuel).
• Keeping an up-to-date knowledge of the oil market at large.
• Managing price risk exposure and contract negotiations.
• Elaborate hedging strategies.
• Liaising with Shipping for the Chartering of oil tankers, on spot or term basis.
• Providing the analytical reports to assist in taking hedging decisions.

KEY RESPONSIBILITY AREAS:
TRADING;

• Develop and trade the MED cargo market and/or ARA barge market for Diesel and Jet fuel
• trade the Jet fuel market in NWE and in the MED
• Identify and develop new business opportunities in the MED, ARA and NWE
• provide suggestions for the new marketing strategies to the Management and contribute to the decision making process
• Provide support for potential acquisitions of assets such as storage/blending facilities
• Maintain daily contacts with all useful parties representatives
• Provide accurate market information on the oil markets to relevant departments
• Negotiate and conclude market transactions on a spot/term basis
• Update the internal trading system updated for all concluded transactions
• Maintain close contacts with Internal Departments and other Companies of the Group, to ensure that any transaction concluded is followed through correctly and aid Contract Administration and Operations departments in writing of contracts (reflecting verbal agreements) and assist in resolution of any operational problems
• Maintain constant contact with all trading desks and provide support to the global arbitrages strategies as well as contributing to the success of the global team
• Maintain up-to-date knowledge of Oil Industry Standards General Terms and Conditions for relevant products
• Collect and assess information on the financial liability of trading partners
• Carry out an ad hoc analysis of the crude oil /products markets

RISK MANAGEMENT;

• Evaluate structured transactions;
• Assist in the development of pricing models and methods;
• Maintain daily contacts with all useful representatives in order to manage the flow of information;
• Provide suggestions for the new risk management strategies to the Management
• Negotiate and conclude market transactions on a spot/term basis for hedging purposes
• Carry out ad hoc analysis.

REPORTING RELATIONSHIPS:

This position reports directly to the Trading Manager and expected to have the following interfaces:

• Internal – Trading Managers and other traders on a daily basis
• External – Brokers, Counterparties and Companies of the Group

CANDIDATE SPECIFICATIONS:

• University level education in Engineering, Economics with a specialisations and/or courses in Energy, refining, marine transportation etc
• More than 5 years of experience in products trading (Middle Distillates, Jet focus would be beneficial).
• Experience in Mediterranean market
• Experience with regards to Arbitrage
• Experience in the barge market
• Experience of proprietary trading, especially related to the best practice
• Experience with derivative instruments for hedging
• Knowledge of fundamental, futures and technical markets for products and market analysis
• Business Development attitude (with honesty and integrity)
• Result oriented approach and entrepreneurial mind
• Self-disciplined and stress-resistant
• Analytical mind, strategic thinking and practical problem solving
• Attention to Credit Recovery, Procedures and Policy Compliance
• Efficiency and Cost Optimization
• Excellent negotiation and communication skills. Ability to build and nurture effective relationships internally and externally
• Coaching and mentoring experience and strong team working skills, positive attitude and high self-esteem
• Full command of English language (written and spoken). Knowledge of other languages would be beneficial
• Working knowledge of the MO suite and software dedicated to the trading activities

 

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.

Contract Analyst- Oil

Salary range: To £60,000 + generous work/life benefits + final salary pension + bonus
Location: Central London

Our client is one of the world’s leading energy companies, with approximately 60,000 employees working in countries around the world. They explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including biofuels and geothermal energy.

Overview:

The Contracts and Master Data Management (MDM) groups manage and sustain core business services to the Supply & Trading organization. The global Contracts group, based in Houston, London and Singapore, supports contract requirements for the supply and trading business.

Responsibilities for this position may include but are not limited to:

  • Generate contracts/reviewing, understanding and drafting responses to contracts received from customers for our purchase of crude and products cargoes.
  • Incorporating trade economics, complex physical delivery clauses and legal terms.
  • Liaising with Traders/Trading Analysts to resolve trade discrepancies on a daily basis.
  • Liaise and negotiate agreeable contract terms with counterparts, state companies and partners.
  • Administer all contract work from initiation through to completion.
  • Review and recommend amendments to customers’ General Terms and Conditions (GT&C) as necessary.
  • Work closely with various departments such as Trading, Operations, Finance, Legal, Credit and Tax.
  • Support Natural Gas Europe (NGE) a section of GSAT in S&T, active in UK, Denmark & Netherlands.
  • Work in a fast moving commercial environment, agreeing priorities and workload in line with business needs and expectations.
  • Support the NGE Commercial team to negotiate and execute new gas contracts (EFET Master Agreement +Appendices, Gas Supply Agreements & Physical Swap Agreements).

Required Qualifications:

  • Experience of working in contracts for either Crude Oil and/or Product Cargoes in Europe ideally gained over 4+ years.
  • Experience of standard trading and/or contracts practices.
  • Understanding of Oil Majors GT&Cs and experience in reviewing counterparties’ GT&Cs/negotiating Side Letters.
  • Understanding of financial, operational and legal risks.
  • Experience in reviewing Tender documentation and good understanding of Incoterms (2000 & 2010) and transfer of title and risk.
  • Due to the size of the team, the candidate will need to be proficient within a short space of time with minimal training.
  • Knowledge and experience in Word and Outlook required.
  • Customer-focused with good planning and organizational skills.
  • A team player with strong interpersonal and motivational skills.
  • Knowledge of contracting standards and gas pipeline infrastructure network.
  • Excellent communication skills both written and verbally.
  • Proactive – Can do attitude.
  • Ability to meet tight deadlines.
  • Excellent attention to details.

Trade Control Analyst -Senior

Salary range: £35,000-£50,000,Plus Bonus and benefits
Location: London

ASSIGNMENT
This role is for Trade Control Analyst within the Middle Office (Trade Control) unit, involved in day-to-day trade control activities, particularly around oil trading activities.

The role will work closely with a number of other departments, in particular Front Office (FO), IT, Back Office (BO) and other departments. The Trade Control team performs daily price and transaction validation and controls activities and will work very closely with the Front Office and other streams within Middle Office, as well as other parts of the business.

MAIN JOB FUNCTION
The job holder will have a “transaction focus” to perform post-trade controls around the trading business. This ensures strong data integrity through daily validation of transactions, price verification, mandates control, market conformity controls, as well as working with internal and external audit teams to ensure full compliance with procedures.

KEY RESPONSIBILITY AREAS

• Being an independent and oversight function, perform all activities related to Physical Trade Control on Oil (Crude & Products).
• Carry out all SOX controls as foreseen by company’s policies & procedures by ensuring all daily, weekly, monthly and quarterly controls per RCM are appropriately and timely performed, documented and challenged, where necessary, with full audit trail. Ensure new controls are appropriately and timely implemented, where necessary.
• Perform daily validation of all new, modified and cancelled physical deals.
• Contribute in re-designing and automation of the whole physical trade control processes in particular:
o Implement automated controls, where possible, to guarantee timely and accurate validation workflow on physical transactions at T+1;
o Deep-dive into physical deal lifecycle and actively contribute in transformation of the whole workflow (in coordination with BO and other stakeholders) to make the processes robust, efficient & fit-for-purpose by achieving Straight-Through-Processing of deals.
o Enhancement of existing controls and implementation of new controls (where applicable)
o Transform all existing processes to leave better audit trail for traceability purposes.
• Contribute to the End of Day process in ETRM systems
• Provide support to the Month End processes in coordination with Finance, Accounting and BO;
• Contribute to Market Risk and Finance on new curves definition and implementation.
• Perform daily and monthly validation on market data (spot and forward curves, volatility curves)
• Act as dedicated MO interface with confirmation/ contracts/ operations Department;
• Perform checks on un-authorized trades and monitoring of mandates/limits (tenor/quantity/value etc.)
• Perform anti-fraud/surveillance controls on the traded prices and challenge FO, where necessary.
• Ensure all internal & external audit requests/issues are promptly addressed;
• Manage static data within the relevant system
• Build good working relationship with internal (FO, BO, Risk, IT, Finance, Sox, Audit, Compliance etc.) and relevant external stakeholders (auditors, clearers, brokers etc.).
• Monitor procedural compliance for the new Financial Regulations (EMIR/Dodd Franck) on first level control execution (reporting, reconciliation);
• Act as a back-up to cover other trade control members across Trade Control team
• Deal with ad hoc demands.

REPORTING RELATIONSHIPS

This position reports to the Trade Control Manager in London and includes the following interfaces:
INTERNAL – Front Office, Back Office, IT, finance, and other units on a daily basis;
EXTERNAL – Auditors, brokers, clearers etc.

CANDIDATE SPECIFICATIONS:

• Strong academic credentials with a numeracy-oriented specialization, preferably Finance or quantitative discipline;
• Experience in the middle office/product control/back office/risk management of the trading environment would be beneficial;
• Understanding of the commodities markets, preferably physical crude & products markets;
• Working knowledge of Microsoft Office suite and strong Excel skills are compulsory; whilst knowledge of macros and VBA would be beneficial;
• Analytical mind and problem solving approach;
• Controls oriented mind-set;
• Innovation, 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;
• 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.

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.

Senior Market Risk Analyst – Gas & Power

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

Supporting the activities related to development and improvement of middle office function with the capability to value, monitor and risk manage a range of traded gas, power, emissions and LNG products on different markets; Assisting the team leader in operational tasks and management of projects

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

Main Functions

Market risk measuring and analytics
Supporting the activities related to development and improvement of middle office function with the capability to value, monitor and risk manage a range of traded gas, power, emissions and LNG products on different markets;
Assisting the team leader in operational tasks and management of projects;
Dealing with ad hoc requests related to risk analytics for the whole middle office
Responsibility areas

Carry out analysis on the energy markets in which the business operates and develop useful risk framework for the activity;
Maintain a good knowledge of market conditions through the use of provided tools and develop or indicate the forward price curves needed to re-evaluate the positions;
Perform daily P&L and VAR calculations together with full explanation;
Structure the whole risk and P&L reporting;
Maintain good knowledge of risk metrics;
Manage ad hoc risk analysis;
Monitor procedural compliance;
Identify and support process improvements;
Interface and support Front Office in daily activities and in the development of new market opportunities;
Interface with IT to develop and update Middle Office systems;
Interface with BO to support P&L reconciliation and accounting;
Support the team leader in coordinating the team and the activities.
Technical skills

Solid knowledge of the subject and a relevant experience of 5+ years in trading environment are compulsory;
Strong knowledge and understanding of energy markets and the financial instruments commonly used for risk management for gas, power and emissions; (LNG knowledge is a nice to have).
An understanding of energy options, their applications in the energy markets and the metrics used to risk manage them.
Computer skills

A good foundation in market risk measurement including Value at Risk (VAR) and stress testing;
Strong Excel skills with macros and VBA knowledge and experience working with ENDUR or other Risk Management tools.
Other experiences

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;
Good attention to detail, organised, structured and logical;
Good communication skills and comfortable approaching front office on risk related issues;
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;

Crude Oil Operations Coordinator

Salary range: £60,000 - £70,000 p.a. + Annual Bonus + Excellent benefits
Location: West End, London

The purpose of the position will be to actively and independently manage all operational and financial aspects in the lifecycle of a physical crude oil transactions by the supply & trading business.

Our client is an integrated Energy company with a global presence. The Crude Operations Coordinator will be based in the Trading division in London, United Kingdom.

The purpose of the position will be to actively and independently manage all operational and financial aspects in the lifecycle of a physical crude oil transactions by the supply & trading business.

KEY RESPONSIBILITIES:

Entire handling of physical and financial operations for purchases, sales and storage of crude oil according to the relevant contracts and internal processes and guidelines

Letters of Credit (L/C): preparation, negotiation, opening, execution and monitoring

Recording terms and conditions of the transactions in a purchase & sale contract, negotiating details of the contract with the counterparty in alignment with Front Office

Nominating / coordinating / processing lifting dates with customers, suppliers and terminal operators

Nominating vessels to company vetting department and counterparties for vessel approvals

Preparing / sending voyage orders to company chartered vessels and liaising with relevant ship-broker or ship-owner operations teams

Preparing / sending documentary shipping instructions to the cargo supplier

Agreeing / appointing independent inspectors with terminal operators / counterparts

Ensure compliance with value-added tax, excise tax and customs regulations; liaise with counterparty, Front Office as well as external and internal advisors to structure transactions accordingly

Parent company guarantees and other undertakings: preparation, negotiation, execution, keeping records

Outgoing invoices: calculation, liaising with counterparties, collection, keeping records

Incoming invoices: checking and arranging of timely and correct payments, keeping records

Foreign exchange transactions: calculating correct amounts, placing in payment system, placing of orders to Treasury

Preparing the initial demurrage estimates for the demurrage department; submitting the initial claim to a 3rd party

Keeping track of outturn loss / gain, submitting a claim for a loss where necessary.

MINIMUM REQUIREMENTS:

Experience in crude operations or in a similar role

Knowledge about L/C’s, trade documents and contracts

Experience and knowledge in transportation logistics, cargo scheduling and all aspects of shipping operations

Good IT skills, in particular using Energy Trading and Risk Management software (ideally OpenLink Endur)

Excellent English proficiency (spoken, written)

Very high degree of reliability and accuracy

Excellent performance under stress, keep deadlines even in case of high workload

Able to work with a minimum of supervision and to make decisions

High affinity to and precision with numbers

Good communication and negotiation skill

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).

Senior Contracts Administrator – International Trading

Salary range: Permanent: £28,000 - £32,000 p.a. + Excellent benefits
Location: West End, London

Our client is an international Trading business, specializing specifically within the Perishable and Temperature Controlled, products market. Whilst the department make up is small, you will be working for an International Corporation with over 60,000 staff globally.

The summary of the role will be to assist the department with all aspects of import administration. Also, to be responsible for all procedures relating to order placement, shipment and stock control and to ensure records are maintained to meet potential audit requirements.

DUTIES AND RESPONSIBILITIES:

  • Contracts administration
  • Liaising with customers / suppliers for delivery and shipment instructions
  • Stock control and monitor stock levels
  • Stock reporting
  • Opening/amending letters of credit and set up export documents
  • FX Control
  • Applying for marine insurance
  • Issuing sales and purchase contracts
  • Invoicing customers
  • Credit control
  • Trade lines control
  • Looking after credit insurance account
  • Valpak waste packaging management
  • SarBox management
  • Regularly monitor price and performance of various forwarding agents and instructing them according to requirements for shipping
  • Administration duties as required

REQUIRED SKILLS AND QUALIFICATIONS:

  • Background in documentation for international trade
  • Excellent time management skills
  • Ability to work to a very high standard of accuracy
  • Ability to work on own initiative with little supervision
  • Good communication and interpersonal skills
  • Excellent PC skills, a thorough knowledge of Word and Excel
  • Experience of trade in perishable and temperature controlled goods – preferred
  • Experience with SAP or similar accounting system – preferred
  • Experience of supervising a team and allocating duties – preferred

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

Quantitative & Market Risk Analyst

Salary range: £55000- £75000 plus bonus and benefits
Location: City

Our client, an Energy and Commodity trading business, are seeking a Quantitative & Market Risk Analyst join the Risk function, which provides both independent oversight of their trading activities as well as support the business in various commercial decision making capacities.

The teams remit includes:

Running of risk models and production of divisional market risk numbers (including MVaR); Providing explanation of why these numbers have changed, and engaging with the different Market Risk Managers to understand the trading strategies underpinning the risk that is being measured.
Coordinate and develop central analysis and infrastructure for analyzing holistic market risks across regions and trading books.
Quantitative analysis of market risk either on a portfolio level or/and on a deal basis and help assessing risk methodologies.
Interface with Quant teams to understand and facilitate analysis and information between market risk and Front office and middle office Quants.
Responsible to support Head of Market Risk in engaging other regions to deliver wide requests as well as risk reports. Provide support on Market Risk analysis.
Interpreting divisional market risk policies and ensuring their applications for the division’s portfolio. Responsible for keeping up to date the limit registry process over official MVaR reporting and limits.
Data maintenance and consolidation for use in analysis and the creation of Global Market Risk Reports
The successful candidate will work in support of the above, and will be expected to initiate/ progress opportunities for process improvements, enhance accuracy and completeness of market risk metrics, and advance cross-regional/ product analysis.

MAIN RESPONSIBILITIES:

Calculation and analysis of daily MVaR and regular back-testing; working with regional market risk team specialists on investigation and analysis of risk
Quantitative analysis of market risk either on a portfolio level or/and on a deal basis

and help assessing risk methodologies
Participate in small/ big projects to introduce new systems or new market risk control measures
Preparing the daily/ monthly divisional Market Risk Report, including engaging with other market risk teams to draw out meaningful commentary.
Working with stakeholders to improve data quality, enhancing the daily process using automation or process re-design.
Maintain data for use in analysis and creation of market risk reports.
Prepare presentations and analysis packs about divisional market risk for use in senior management meetings.
SKILLS AND EXPERIENCE REQUIREMENTS FOR THE ROLE:

University degree in subject areas such as Engineering, Finance & IT or equivalent.
Strong presentation skills
Good IT skills – e.g. superior standard of familiarity with Excel, SQL, C# VBA, Access. Matlab is an advantage
Solid understanding of statistical techniques is an advantage and familiarity

with key market risk concepts – e.g. Value-at-Risk, Stress-testing is an advantage
Quantitative analysis of market risk in commodity/energy deals – physical optionality, assessment of risk methodologies other than VaR.
Very good knowledge and experience in measuring market risk on options and understanding of option models, Greeks.
Basic understanding of oil markets and trading instruments.
Experience of reporting and analysing VaR or PnL.