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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.

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

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;

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

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).