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Latest Vacancies

Junior Sales Trader

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

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

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

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

Requirements:

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

Credit & Trade Finance Analyst

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

Qualifications / Experience required

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

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

 

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

 

Trade Finance

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

 

Reporting:

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

 

Credit Analysis

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

 

Accountabilities

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

IT Supports Administrator

Salary range: £28,000-£35,000
Location: Maidstone ,Kent

Role Responsibilities
•Installation, configuration and on-going management of systems, workstations and Windows-based server network, with a combination of physical and VMware based virtual servers
•Ensures server performance and maintains applications on servers
•Problem solving and documentation of current and new servers in both physical and virtual environments
•Performs and oversees continuous system health checks, application of patches and upgrades
•Perform system monitoring, verifying the availability and integrity of all servers, systems and key processes
•Provides business continuity through thorough back-up and restore procedures
•Installs, configures, and troubleshoots group policy and administrative templates
•Installs, configures, troubleshoots, and maintains server-based applications running on the network including MS Exchange, MS SQL, MS IIS; and Active Directory Services 2008 and 2012, VMWare
•Coordinates and works with outside vendors to resolve problems and issues with hardware and software
•Assists in planning and deployment of new systems and solutions
•Third line support for desktop resolution issues
•Ensures compliance to security standards, policies and guidelines

Market Research Strategist – US Gas Focused

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

  • 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

Fluent in English – knowledge of French is an advantage

 

Medical Insurance Telephone Co-ordinator

Salary range: To 20k
Location: Maidstone, Kent

You will be working for a specialist Travel Insurance Group in their exciting offices in Kings Hill.
Working on a 4 days on, 4 days off, 12 hour shift pattern (including weekends and public holidays) the medical co-ordinator’s role is to handle requests for assistance, obtaining case details and liaising with the in-house medical team and insurers to identify and provide the appropriate response to emergencies.
• 24/7 emergency medical assistance case handling
• Managing customer expectations in line with operational guidelines
• Protecting insurer client’s interests at all times
• Dealing with customers, clients and colleagues in a pleasant and courteous manner
• Ensuring that case information is recorded accurately
• Liaising with the EAF in-house medical team and insurers to ensure the right kind of assistance is provided in the most efficient and cost-effective way possible
• Helping to plan and put into effect medical repatriations
• Providing caring and compassionate support to family members of patients and deceased relatives
• Supporting, and becoming an integral part of, the Assistance team
• To refer to a manager when any work falls outside their area of knowledge or expertise
Personal Qualities & Key Skills
• Preferably educated to degree level or of graduate calibre
• Excellent verbal and written communication skills in English essential
• Preferably fluent in at least one European language (preferably Greek, Portuguese, French or German), Turkish or Arabic (North African)
• Proven successful experience of customer service role (experience in medical assistance not essential)
• Experience of working shift patterns which include weekends, bank holidays and/or nights
• Ability to work under pressure
• Ability to empathise with people in stressful circumstances while at the same time defending a company stance, often under significant pressure
• Be able to work as part of a team as well as on their own initiative
• Excellent keyboard skills, both speed and accuracy, are also essential to the role

Accounts/Ledger Clerk

Salary range: Up to 19k
Location: Maidstone ,Kent

This new role within our expanding financial services client includes:
• Managing petty cash
• Coding and inputting staff expenses
• Purchase and Sales Ledger: coding and posting invoices
• Processing claims payments
• Credit control
• Updating and maintaining accounting journals, ledgers and other records detailing financial business transactions
• Reconciliation of Bank Accounts

Personal Qualities & Key Skills
An interest in studying  , An understanding of nominal ledger accounting and a Competency in Microsoft applications including Word, Excel and Outlook

Accounts Assistant

Salary range: £18,000-£19,000
Location: Kingshill, Kent

The Accounts Assistant will perform a variety of general accounting support tasks, working as part of the Accounts team.

• To perform a variety of general accounting support tasks in an
accounting department including:
• Managing petty cash
• Coding and inputting staff expenses
• Purchase and Sales Ledger: coding and posting invoices
• Processing claims payments
• Credit control
• Updating and maintaining accounting journals, ledgers and other records
detailing financial business transactions
• Data input using defined computer programs
• Compilation of data and preparation of reports
• Reconciliation of Bank Accounts
• Other reconciliations as required
• Other ad hoc accounting duties as required

Personal Qualities & Key Skills
• AAT part qualified desirable
• An understanding of nominal ledger accounting
• Competency in Microsoft applications including Word, Excel and Outlook
• Motivated
• Well organised
• Good levels of initiative
• Able to prioritise
• Methodical
• Excellent attention to detail
• Knowledge of financial services is advantageous

Shift Operator, Gas and Power

Salary range: £46,000 + Performance bonus & benefits
Location: London,Docklands

The Jobholder has the responsibility of Operating the Company’s portfolio of physical Gas & Power contracts in the UK and Continental Europe and is a key interface between the Gas & Power Trading Desks, the LNG Trading Desk, the Procurement Teams, Back Office, Finance and Legal departments.
The job comprises:
• Nomination and Scheduling of  physical Gas and Power portfolio that includes the traded volume of 110 Bcm of Natural Gas and over 120 TWh of Power.
• Managing Operational risk to minimise losses and exposure to system and imbalance charges.
• Optimisation and Trading of physical positions within-day, out of hours & day-ahead.
• Operation of a £2m contract for Upstream affiliate
ACTIVITIES
The primary role of the Gas & Power Operator is to directly support the Gas and Power Trading Desks through the following activities:
• Constant liaison with the Gas, Power and LNG Trading Desks, Upstream & Downstream Group affiliates, Off-Shore Field Operators and external parties in the management of the physical portfolio.
• Accurate and timely Notification of physical positions to all relevant Transporters, Network Operators and Thirdparties in the UK and Continental Europe via dedicated communication systems.
• Commercial Optimisation of physical positions out of office hours by Trading on electronic energy exchanges and OTC including the optimisation of contracts on a prompt basis under the direction of the relevant Trading desks.
• Monitoring of Operational data streams in conjunction with within-day and day-ahead price movements.
• Commercial responsibility for the balancing of the portfolio by reacting to changes in supply and demand and/or instruction by the relevant Energy Procurement Desks.
• Manage the Upstream Gas portfolio and other Entities for whom we act as a Shipping Agent on a daily basis as instructed and to provide balancing reports detailing this activity.
• Ensure that Entry and Exit Capacity requirements are satisfied.
• Liaise with counterparts to retrospectively trade physical gas positions.
• Analyse after the day allocation information, validate against nominated quantities and highlight and resolve discrepancies.
• Actively engaging in business developments and taking the initiative to exploit new business opportunities.
CONTEXT AND ENVIRONMENT
The Activities are performed as a key member of an Operational Shift Team on a dynamic, open-plan Trading Floor of about 150 persons:
• Operational areas of responsibility include the major UK and European Trading Hubs, Interconnectors, Storage Facilities, LNG Terminals, Off-Shore Fields, Power Plant and Refineries.
• Significant commercial responsibility in the optimisation of the Gas & Power portfolio for all UK and European operations through working defined Shifts including Weekends and Bank Holidays.
• Working in a fast-moving and evolving environment requiring quick and efficient reactions to the movements in the energy markets and changing situations.
QUALIFICATIONS / EXPERIENCE REQUIRED
• Degree educated in one of the following areas: Maths, Economics, Science, Engineering (essential)
• Numerically literate with ability to manipulate large quantities of data (essential)
• English required – other European language skills an asset.
• 1-3 years industry experience, ideally in similar position.
• Hard working and able to react quickly and confidently under pressure.
• Flexibility to adapt to the job requirements and developing business environment
• Team spirit, attentive to detail and good commercial skills.
• Strong interpersonal and communication skills.
• Computer literate Excel, Word, Powerpoint etc.

Oil Operator (Junior) (Barges)

Salary range: Up to £53,000 plus bonus and benefits
Location: Central London

Experience with ICE and Platts as well as good knowledge of the barging market and ARA as well as the ability to handle a very high volume of barges (typically 50-100 Barges at a time) are essential requirements of the role

MAIN RESPONSIBILITIES

Co-ordinating operations from trade inception to completion relating to products (mainly distillates, but also for cover in Bio Fuels and Gasoline).
Requires frequent afterhours and weekend work to complete operational tasks.
Work closely with traders.
Work independently in handling varied and complex operational issues.
Be proficient in Platts and ICE barge rules and nomination procedures.
Obtain clean acceptance of barges in a timely manner.
Fix barges (under chartering guidelines), issue voyage orders and monitor progress of barges, informing trading of any slippage or speed-ups in a timely manner.
Appoint approved inspectors as required.
Ensure cargo loading and discharging adhere to any credit or L/C requirements.
Accurately update Symphony and spreadsheets in a timely fashion.
Check all calculations relating to the trade (freight, demurrage, product, inspectors, cargo superintendents, gains/losses, insurance and additives). Be knowledgeable of TTB rules.
Minimize profit leakage.
Make or assist in claims where necessary.
Establishing and maintaining good and professional working relationships with internal and external counterparties.
Maintain accurate records of each cargo including prompt and accurate filing.
Maintain excellent HSE standards.
Adhere to company policies and procedures.
Ensure compliance with all operational processes.

EDUCATION

Qualifications: Bachelor’s Degree is preferred.

 

OTHER REQUIREMENTS

Teamwork – Fosters ethical business relationships with customers, suppliers and co-workers. Works effectively with peers, customers and management. Maintains a positive attitude.
Communication– Clearly presents thoughts and ideas, both orally and in writing.
Organisation – Exhibits highly organised approach to detailed work. Maintains accurate and effective files.
Multi-Tasking abilities – Proactively manages multiple, time sensitive tasks simultaneously and under pressure.
Analytical/problem solving – Thinks and manages problems and tasks through to completion. Evaluates and understands financial impact of decisions/activities.
Knowledge and experience in IT including Microsoft Outlook, Excel, and Word.

Trader; Middle Distillates (Diesel/Jet Fuel)

Salary range: To £75,000 plus excellent benefits and bonuses
Location: London

Trading Oil & Products Department

COMPANY BACKGROUND:
One of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas.

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

 

Settlements Officer – Payments

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

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

Duties:

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

Key skills / Experience:

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

Accountant and Office Manager Based Singapore

Salary range: $60,000-$80,000 SGD plus benefits and discretionary bonus
Location: Singapore

 

Our client ranks amongst the major oil and petroleum trading companies in the industry, who trade over 10 million barrels of futures and options contracts each day.

From oil and products trading to risk management, shipping management, operational and financial arrangements, customer satisfaction is the primary focus of every team within the business.

In geographical terms, the business coverage is extensive, contacts extend from the Americas and Northern and West Africa throughout the Mediterranean to the Middle and Far East.

Following an acquisition of an agricultural trading business in Singapore, with ambitions to extend trading activities to include oil products, the business is looking to hire an individual to carry out the following responsibilities;

• Accounting for our two Singapore based legal entities. One of which is a legacy entity which is slowly being wound down, the second of which is a sales office which recharges it’s costs on a cost-plus basis to the Cayman operating entity. Potential for this individual to also do the accounting for the Cayman entity.
• Handling potential AEPL legacy issues
• Transfer pricing to Cayman entity
• Bank reconciliations
• Treasury – margin calls for some trading accounts and local payments in Singapore
• Local Goods and Services Tax
• Office Admin – Booking flights, handling local office issues such as building management, etc.
• Management of local overhead costs
• Compliance / Government returns in Singapore.

Salary: 60,000 – 80,000 (SGD) + benefits + discretionary bonus

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

Accounts Assistant

Salary range: £18,000-£19,000
Location: Maidstone

• To perform a variety of general accounting support tasks in an
accounting department including:
• Managing petty cash
• Coding and inputting staff expenses
• Purchase and Sales Ledger: coding and posting invoices
• Processing claims payments
• Credit control
• Updating and maintaining accounting journals, ledgers and other records
detailing financial business transactions
• Data input using defined computer programs
• Compilation of data and preparation of reports
• Reconciliation of Bank Accounts
• Other reconciliations as required
• Other ad hoc accounting duties as required

Personal Qualities & Key Skills
• AAT part qualified desirable
• An understanding of nominal ledger accounting
• Competency in Microsoft applications including Word, Excel and Outlook
• Motivated
• Well organised
• Good levels of initiative
• Able to prioritise
• Methodical
• Excellent attention to detail
• Knowledge of financial services is advantageous

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

Regional Strategy Coordinator- Fluent Japanese

Salary range: £35,000-£45,000 plus Benefits and bonuses
Location: London

JOB SUMMARY
Regional Strategy & Co-ordination Department (RSC) is responsible for developing the annual regional strategy for the Europe and Africa (EA), as well as facilitating business coordination between the region’s 7 business groups and corporate departments.

The jobholder will support the General Manager to build regional strategy for the EA region and maintain awareness of geopolitical factors that might impact business operations. In case of any critical incident, the jobholder will provide business co-ordination between the EA region and Tokyo Head Office.

DUTIES AND RESPONSIBILITIES

• Operate as an integral part of the Global Business Continuity Team and input to/ support wider global crisis management initiatives as and when required.
• Establish, maintain and exercise a crisis management framework for the Europe/Africa region which incorporates clarity on escalation, roles, responsibilities and accountabilities.
• Educate internal colleagues and leadership in crisis management principles and practice, ensuring appropriate awareness of how business continuity contributes to client satisfaction, growth and retention.
• Provide support during crisis events ensuring appropriate reporting, tracking and closure of issues.
• Undertake analysis, summarise data and distribute reports on a wide range of topics for countries within EA region. Areas of focus may include economic and political updates, international relations, economic and demographic data, political movements, sanctions etc. Reports should be provided in Japanese and English to Tokyo Headquarters in accordance with their requests.

• Communicate and liaise with external consultants and research institutes.
• Organise regional management meetings and conferences internally & externally (creating programmes and content, preparing materials, logistical support for secretaries, etc.).

• Administer and facilitate internal programmes such as the process for investment and research applications. Review and assess investment and research applications and, based on your evaluation, make recommendations to senior management. Keep accurate records and budget control.

• Organise schedules and arrange logistics for Regional CEO and VIP, senior executives, visitors from Japan and other areas.

This information does not define or limit the scope of employment. The Company might reasonably require an employee to perform other duties from time to time.

REQUIRED SKILLS AND QUALIFICATIONS ESSENTIAL
• Ability to work as part of a virtual team across diverse geographies.
• Committed to continuous improvement, incorporating attention to detail and an ability to maximise a wide range of internal and external relationships.
• Graduate with a degree in geopolitics, International relations or other relevant qualifications.
• Ability to prioritise work and deal with multiple tasks concurrently.
• High standard of accuracy and attention to detail.
• Fluent Japanese and English written and verbal communication skills due to requirement to liaise with Tokyo Head Office in crisis situations.
• Ability to work under pressure whilst remaining calm, methodical and professional.
• Self-starter and able to work without direct supervision;
• Flexibility as job holder will need to be immediately available to respond to crisis events as and when they may occur.
• Ability to multi task and prioritise work within deadlines.
• Ability to travel overseas as and when required.
• Microsoft Office (Word, Excel and Powerpoint) to intermediate level or above
• Working experience in research work with an international business or research organization.

HOURS OF WORK

09:30am to 05:30pm Monday to Friday

SALARY AND BENEFITS

25 days holidays
Life Assurance @ 4 x salary, Private Health Insurance, Private Dental Cover
Discretionary Bonus

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.

HR Business Partner

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

Working for this successful Japanese General Trading company, you will manage Stakeholder management including building relationships at all levels

You will be working for this successful General Trading (Japans largest) in Central London.

Principal Duties and Responsibilities

  • Stakeholder management including building relationships at all levels
  • All aspects of recruitment, including provision of assistance to managers in defining roles and responsibilities, liaison with agencies and negotiation of terms, interviews etc
  • Employee relations – advise, manage and provide guidance to client areas
  • Performance management – supporting Managers and employees with the recently rolled out new appraisal process
  • Provide HR support and guidance during change management processes such as restructuring, TUPE transfers, and redundancies
  • Provide HR support to strategic business plans and guide managers on HR best practice to achieve business aims
  • Provide cultural support and training to managers including explaining HRM practices/ procedures and employment law in the UK as appropriate
  • HRM administration and co-ordination

Qualifications and Skills Required

Essential

  • Up to date knowledge of UK employment law and practical experience in providing all aspects of a HR generalist service at a business partner level
  • Excellent verbal and written communication skills
  • Ability to work with sensitive data and maintain trust and confidentiality
  • Excellent time management and organisation skills
  • Ability to explain, influence, and persuade key managers based on the technical knowledge and understanding of the cultural issues
  • Ability to build relationships up to and including senior management level
  • Attention to detail
  • Ability to apply tact and discretion
  • Flexible attitude to cover other tasks
  • Practical IT skills in Word, Powerpoint and Excel

Desirable

  • Chartered membership of the CIPD or an equivalent professional qualification
  • Experience working in an international business environment
  • Knowledge of Japanese customs and culture
  • Previous practical experience of TUPE
  • Experience of developing HR IT systems – is this really desirable?

Treasury Dealer

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

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

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

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

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

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

Its principle objectives are:

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

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

    Asset Liability Management (including Liquidity Management):

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

    Cash Management:

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

    Financial Advice to Group Companies:

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

    Reporting and Administration:

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

    QUALIFICATIONS AND EXPERIENCE:

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

Treasury Manager

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

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

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

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

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

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

Its principle objectives are:

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

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

    Asset Liability Management (including Liquidity Management):

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

    Cash Management:

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

    Financial Advice to Group Companies:

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

    Reporting and Administration:

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

    QUALIFICATIONS AND EXPERIENCE:

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

Credit Risk Analyst

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

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

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

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

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

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

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

    KEY SKILLS AND EXPERIENCE:

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

Secretary

Salary range: £25,000 - £32,000 p.a. + Benefits
Location: London, West End

A subsidiary of a Japanese Trading company are currently recruiting for someone to assist the Office Manager and Executive Secretary with Secretarial duties.

My client, a subsidary of a Japanese Trading company are currently recruiting for someone to assist the Office Manager and Executive Secretary with Secretarial duties.

  •  To provide secretarial and administrative services for management
  •  Coordinate and manage arrangements for meetings and conferences
  •  To provide ad hoc administrative support to visitors to the office and international business partners
  •  Greet and screen incoming visitors in a professional manner and promptly notify appropriate person of the guest’s arrival.
  •  To arrange hotels, air tickets and cars for the business trips of managers
  •  Screen telephone calls and forward messages
  •  Facilitate day to day business matters through professional communication and liaison with stakeholders
  •  Complete weekly business trip schedule. Attend weekly meetings with associated departments, and report back to the CEO.
  •  To maintain holiday/other absence records, help maintain documents for DTC’s Internal Policy, Business Crisis Plan and any ad hoc tasks.
  •  To maintain company’s data base using Excel
  •  Prepare documents, letters and presentation materials using Microsoft Word/ Excel/ PowerPoint
  •  To liaise with suppliers and clients to ensure the smooth settling of invoices and payments.
  •  Prepare and arrange payment of invoices and business trip expenses
  •  To assist team with expense reports, timesheets and other tasks as requested.
  •  To assist in office management and any office related costs (rent, rates, service fees, purchases etc.).
  •  To assist with any IT related matters and communicate with IT service providers, IT department at Mitsubishi Corporation International (Europe) and the DTC team. Monitor IT access of joiners and leavers. Maintain and monitor costs for IT.
  •  To assist with internal control matters and communicate with all necessary department at MCIE

Essential

  • Strong verbal and written communication skills in English
  •  Microsoft Office [WORD/EXCEL/POWER POINT] to at least intermediate level Flexible and facilitative
  •  Ability to establish and build relationship with others
  •  Ability to work independently and as part of a team
  •  Ability to work on own initiative
  •  High standard of organisation, accuracy and attention to detail required.
  •  Ability to prioritise and work within deadlines.
  •  Ability to work calmly and methodically under pressure

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.

Shipping Operations Manager

Salary range: £70,000 - £75,000 p.a. + Excellent Benefits + Bonus
Location: West End, London

We are seeking an experienced Shipping Operations Team Leader/Manager with a strong understanding of Oil fundamentals, products, grades, qualities, geopolitical & environmental influence on the commodity trading markets

Our client is a Commodity Trading and marketing firm (Oil, Gas & Power) based in central London. Working within a “boutique” trading environment, you will have great interaction with Stakeholders (Front Office, Risk, external counterparts etc) and you will benefit from a culture which is ambitious, and is still actively growing as a business!

We are seeking an experienced Shipping Operations Team Leader/Manager with a strong understanding of Oil fundamentals, products, grades, qualities, geopolitical & environmental influence on the commodity trading markets.

Responsibilities will include buy may not be limited to:

Team Leader for shipping operations department across specialized, products, crude and LNG desks.

Vets tonnage offered to chartering department via online vetting system.

Plans, anticipates, prepares and executes voyage instructions to spot and time chartered tonnage.

Nominates and or appoints ships Agents, coordinates and monitors cargo and shipping operations. Maintains close attention to operational risks that may increase demurrage exposure.

Complies with shipping department ‘Check List’ to ensure company policy and procedures are adhered to. Coordinates and cooperates closely with all inter-company departments such as oil operations and treasury and, similarly with other third party service providers such as ships Agents and shipbrokers.

Understands the limitations and restrictions for marine infrastructure at refineries.

Checks and approves freight and other shipping related invoices for accuracy and compliance with company procedures and delegations of authority.

Prepares lay time statement for accruals purposes.

Prepares and maintain basic Excel spreadsheets where required.

Assists in the preparation of weekly management reports.

Maintaining awareness of the business context and company profitability, including budgetary control issues.

Ensures all shipping deadlines and priority cut-off times are met.

EXPERIENCE & QUALIFICATIONS REQUIRED:

Degree in Shipping/ Commerce/ Logistics Management or qualified by experience.

Understanding oil fundamentals, products, grades, qualities, geopolitical and environmental influence on commodity markets.

Previous experience in a similar role OR previous experience as trader with practical expertise in shipping.

Minimum 3 years relevant experience with ship-owners, charterers or shipbrokers.

Strong leadership and discipline skills required.

Committed team player with ‘can do – will do’ attitude. Flexible approach.

Available out of office hours.

Be able to multi-task and perform excellent communication, supervisory and customer service skills.

Be able to identify problems and resolve in a timely manner.

Possess a sense of urgency and ability to prioritize tasks and resources appropriately.

Promote an environment conducive to maximum employee morale, productivity, and effectiveness.

Be proficient with MS Office and operational systems/software.

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

Back Office Confirmations & Settlements Analyst

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

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

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

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

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

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

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

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

Reconcile counterpart/pipeline invoices against the system.

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

Submit payment instructions to finance.

Daily reconciliation of Exchange Position

Check daily to ensure all trades have matched

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

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

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

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

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

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

QUALIFICATIONS/EXPERIENCE REQUIRED:

University educated to degree level as a minimum.

Work/Intern based experience within a comparable Back Office environment

Highly numerate and ability to work under pressure.

Knowledge of energy commodity markets.

European languages desirable.

Confirmations Clerk (Power & Gas)

Salary range: Temporary Contract - £42,000 - £48,000 equivalent
Location: Central London

This position is working within a team of confirmation clerks in providing a world class confirmation service to the rapidly growing business.

Summary: This position is working within a team of confirmation clerks in providing a world class confirmation service to the rapidly growing business.

The key tasks of this role are:

•        Ensuring that all confirmations are sent out and agreed within industry deadlines;
•        Supporting the trading desk in counterparty relationships and in ensuring quality information flows
across the business;
•        Maintaining excellent working relationships with counterparties and other teams within the
organisation.

Duties and Responsibilities:

Power & Gas Confirmations

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

•        Completeness of Broker Reconditions, to ensure that all trades are captured correctly in our ETRM

•        Checking of direct trades that the business executes. Ensuring that trades are booked correctly in the ETRM

•        Ensuring trades load into EFET.Net and that trades are matched with our counterparties. If discrepancies occur, investigate the discrepancies. Build good relationships
with our counterparties. Escalate issues to management

•        Ensure that we send out paper confirmations to counterparties whom we do not electronically match with and we sign and return paper confirmations we receive from
counterparties. Become the 4-eyed check for these confirmations

•        Provide Metrics / Stats to management on a daily basis

•        Setting and managing the teams and individuals objectives. Complete 1-2-1’s with the members of the team

•        Ensuring all processes and procedures are constantly reviewed, documented and updated.

Candidate Specification/ Qualifications:

•        Experienced in confirmations for energy and related products preferred

•        Good working knowledge of trading systems, preferably ENDUR

•        Experience of using an electronic matching platform, preferably EFET.

•        Exposure to new systems implementation and systems development;

•        Fluent in English with excellent written and verbal communication skills;

•        Experienced in leading, motivating a team;

Confirmations Team Leader Power & Gas

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

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

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

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

The key tasks of this role are:

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

Duties and Responsibilities:

Power & Gas Confirmations

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

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

Candidate Specification:

Qualifications:

  • Degree level education or equivalent work experience

Skills:

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

Competencies:

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

Experience:

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

Demurrage Negotiator (Shipping Contracts)

Salary range: Temporary to Permanent - £13.50per hour - £15,00 per hour
Location: Docklands, London

The Demurrage Team forms part of the wider Operations Team within this Global Oil team and provides expertise associated with voyage chartered tonnage, contracts of affreightment and oil contracts for both the vessel and barge markets.

The Demurrage Team forms part of the wider Operations Team within this Global Oil team and provides expertise associated with voyage chartered tonnage, contracts of affreightment and oil contracts for both the vessel and barge markets.

The Demurrage Team is a highly motivated, exciting, innovative and diverse team which is the centre of expertise for demurrage and post fixture expenses within IST Global Oil Europe.

The role offers career development opportunities to progress through the team development structure and gain knowledge across the many trading teams

The essential skills of the team are negotiation, numerical, analytical and communication with the ability to develop and maintain strong relationships.

The job has a commercial input and a need to communicate with a variety of third parties, BP group companies, traders, operators, charterers, brokers and other staff. The Demurrage team is also responsible for challenging and changing workflows and procedures to ensure optimum efficiency is achieved in the handling of demurrage, expense claims and freight payments.

Roles & Responsibilities

Time Management and Organisational Skills
Pro-active and able to work with minimal supervision
Commercial Awareness
Oral and written communication skills
Ability to Communicate at all levels
Ability to interpret contracts
Attention to detail
Team player and work on own initiative
Interpersonal, networking and influencing skills
Ability to build and maintain relationships
Ability to undertake administrative tasks
Ability to use numerous and varied internal BP Group systems
PC literate – Microsoft Word, Excel, PowerPoint, Outlook

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.

Financial Controller / Manager

Salary range: Permanent - £60,000 - £75,000 p.a. + Annual Bonus & Benefits
Location: Central London

The successful candidate will be working for a well established Global Commodity Trading house with a reputation for high levels of service.

The successful candidate will be working for a well established Global Commodity Trading house with a reputation for high levels of service.

Main Accountabilities
•Management of a team of four staff
•Ensure production of monthly management accounts within stated deadlines
•Monthly reconciliation of trading balance sheet accounts
•Liaison with accountants and directors from other global offices
•Liaison with external auditors on all trading related issues
•Ensure validity of debtor / creditor balances with clients & suppliers
•Monthly checks on mark-to-market pricing of futures and physicals
•Resolving issues with traders and operations staff to ensure correct accounting
•Management of ad-hoc projects/enhancements to systems
•Responsible for production of monthly management accounts for trade book.
•Ensure validity of all pricing invoices sent to clients.
•Constant monitoring of debtors and creditors

Knowledge Skills and Experience
•Qualified Accountant (ACA, ACCA or CIMA)
•Knowledge of US GAAP (including Mark to Market principles)
•Knowledge of SOX
•Experience of commodity trading business
•Strong control framework understanding (Audit experience)

Senior Credit Risk Analyst

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

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

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

The Assignment

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

Main Job Function:

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

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

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

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

Key Responsibility Areas:

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

Reporting Relationships

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

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

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

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

KYC Analyst (Commodities)

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

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

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

The Assignment

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

Main Job Function:

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

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

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

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

Key Responsibility Areas:

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

Reporting Relationships

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

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

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

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

Gas Settlements Analyst

Salary range: Permanent - £28,000 - £32,000 p.a. + Bonus & Benefits
Location: Central London

This position is responsible for supporting the Settlements Management team in providing a world class settlements service to the rapidly growing business.

This position is responsible for supporting the Settlements Management team in providing a world class settlements service to the rapidly growing business.

The role is an excellent opportunity for a talented and motivated individual to gain exposure across a very wide range of energy products and to work in a dynamic and ambitious company which is the main trading arm of the world’s largest gas producer.

The key tasks of this role are:
•Working in a team ensuring the timely settlement of traded products, from issuing of confirmations to invoicing of these trades across the product range, namely natural gas, power, capacity and inter-group trades;
•Making suggestions for improvement to the trading system and work flow processes, to implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;
•Liaising and working with the Lead Analyst and Trading Capability teams to develop Settlements capability within the trading system;
•Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Treasury and Credit teams to ensure integrity of data within the trading system to accurate reporting within defined timescales;
•Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;
•Maintaining excellent working relationships with counterparties and other teams within the organisation.

Duties and Responsibilities:

Gas confirmations and invoicing

Ensuring the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;
•Production of invoices for the various commodities and products according to the specific contractual terms by generating sales and pro-forma purchase invoices, including detailed back up;
•Proactively investigate and taking action to resolve any disputes with counterparties;
•Develop an understanding of various gas sundry invoices from other counterparts and develop robust validation techniques for these invoices.
•Provision of sales and purchases summary to the Reporting team as a basis for accruals and final invoice details for monthly reporting, to meet reporting timetable;
•Ensuring all processes and procedures are constantly reviewed, documented and updated.

Candidate Specification:

Qualifications:
•Degree level education or equivalent work experience

Skills:
•Experienced in confirmations and invoicing processes for energy and related products preferred
•Good working knowledge of trading systems;
•Exposure to new systems implementation and systems development;
•Fluent in English with excellent written and verbal communication skills;

Competencies:
•Concern for accuracy and ability to meet tight deadlines;
•Attention to detail;
•Diligent and dependable;
•Good organisational and execution skills;
•Able to work as part of a team as well as individually;
•Able to work effectively cross-functionally with all areas of the business;
•Dedication to review and improvement of existing processes;
•Commercially astute with the ability to develop and understand issues.

Experience:
•Proven experience of Settlements in an energy trading environment preferred;
•Experience of working with trading counterparties

Treasury Operations Associate

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

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

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

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

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

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

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

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

Back Office Intercompany Settlement Analyst

Salary range: Temporary to Permament - £30,000 - £35,000 p.a.
Location: Docklands, London

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

As an Intercompany/Finance Settlements Analyst you will be wholly responsible for a suite of our clients Group Companies. You will be expected to manage all aspects of the relationship ensuring transactions and queries are dealt with efficiently. We are looking to fill two roles, one supporting the Oil business and one supporting the Gas business.

The role is within the Group Settlements team, part of the Global Central Services team. The team provides Trade Settlement support for three trading functions in Singapore, London and Chicago.
•Managing the Quarterly Group Agreement process and resolving group differences
•Posting adjusting fully supported entries.
•Raising & Issuing Intercompany AR Invoices (Gas, Oil or ancillary) in line with highly variable contractual due dates
•Reconciling and matching payments for incoming AP invoices, creating recharge invoices where necessary
•Resolving volume, tax and other disputes in a timely manner
•Managing re-invoicing workload due to operational data or pricing updates
•Ensuring all invoices are tax compliant
•Managing overdue debt
•Understand and adhere to control and compliance policies
•Relationship Management with internal and highly sensitive external customers, globally
•Ability to manage workload independently to clear performance drives with little supervision
•Highly numerate
•An accounting background is desirable; experience of Intercompany Processes would be advantageous, but not essential.
•An Understanding of Commodity Settlements Process (ideally energy), gained in a Banking or Commodity Trading Environment would be preferable
•System Literate – SAP and Excel.
•Part Qualified Accountant (CIMA, ACCA or Equivalent)

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

Metals Sales / Trader

Salary range: Permanent - £35,000 - £40,000 p.a. + Excellent Bonus's & Benefits
Location: West End, London

Our client is a wholly owned subsidiary of Japan’s largest general trading company, with over 200 bases of operations in approximately 80 countries worldwide.

Our client is a wholly owned subsidiary of Japan’s largest general trading company, with over 200 bases of operations in approximately 80 countries worldwide. They have long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.

Principal Duties and Responsibilities

Trading/Sales:
•Contribute to the expansion of our client’s customer base in EMEA while at the same time assisting in the servicing of our clients current client base from London. Business development in other areas may also be added to the remit in the future. The main focus will be on the Titanium metal but where appropriate will also include Stainless Steel and High Performance Alloys
•Market within the designated business framework and assigned trading limits.
•Trading responsibilities in STHPA metals, when required will include spot, consignment and long term frame agreement business or other products, as specified.

Business support and development:
•Help maintain and expand existing client relationships in EMEA and elsewhere and to cultivate new business opportunities and relationships.
•Service the needs of our client’s offices globally when required in STHPA metals businesses.
•Business development objectives will embrace all aspects of the precious STHPA markets. This will range from supporting and developing relationships with steel mill companies, and players in the secondary supply market through to building links with STHPA metals consumers including but not limiting to aerospace companies, oil and gas companies, chemical companies, architectural companies, distributors, fabricators and EPC companies.

Team building and personal development:
•Take a proactive approach in building inter-office communications to improve the use and understanding of market-related information.
•Actively develop personal skills and knowledge through ongoing training.
•Share skills and knowledge with colleagues and encourage their development.

Compliance:
•Comply with our client’s internal regulations and guidelines and to adhere to trading and position limits that may be applied.
•Comply with normal market practices and to ensure total compliance with all relevant national and international rules and laws.

Qualifications and Skills Required

Essential
•Educated to at least A level or equivalent
•Established track record in STHPA metals trading/sales and direct P&L generation
•Extensive market experience in STHPA metals
•A good knowledge of all aspects of the STHPA markets
•Good understanding of risk management and credit issues
•Good understanding of trading (import/export) issues
•Knowledge of duties, VAT and compliance
•Broad understanding of steel markets
•Good communication skills with the ability to communicate at all levels within a multi-cultural environment.
•Ability to work under pressure whilst remaining calm and methodical
•Ability to prioritize workload under guidance of the General Manager
•Ability to work on own initiative with little supervision
•Ability to work to a very high standard of accuracy and attention to detail
•Excellent time management skills
•Effective interpersonal skills
•Willingness to undertake extensive travel within the EMEA region and overseas
•Working knowledge of Excel, Word, PowerPoint
•Working knowledge of electronic mail platform

Desirable
•Knowledge of a European language, besides English
•Knowledge of Japanese culture
•Experience in working in Japanese or Asian environment

Commodity Settlements Team Leader / Supervisor

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

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

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

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

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

Senior 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

Senior Risk Analyst – Oil Trading

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

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

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

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

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

Desired Skills & Experience

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

Credit Risk Manager

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

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

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

 DUTIES AND RESPONSIBILITIES:

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

Desired Skills & Experience

REQUIRED SKILLS AND QUALIFICATIONS: 

Essential:

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

Desirable:

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

Commodity Contracts / Letters of Credit Analyst

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

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

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

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

Responsibilities:

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

Risk Analyst

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

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

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

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

Scope of the Position: 

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

Key Responsibilities and Accountabilities:

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

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

 Candidate Specification – Skills & Experience:

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

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

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

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

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

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

Trading Accountant (Commodities)

Salary range: Permanent - £50,000 - £60,000 p.a. (depending on experience & current package) + Bonus + Benefits
Location: East London and West End

To measure and report the profits, losses and risks of the trading business daily. To produce monthly numbers on the trading system and have them incorporated into the accounts.

based London

Purpose of role

To provide technical and business support to the world trading and operational refinery teams. To provide insightful challenge to business propositions. To provide timely, accurate and useful management reports, analyses and interpretation. The job-holder must be a strong character capable of building and developing relationships throughout the business.

Main Accountabilities

Commercial trading support / Daily Reporting
• Keep up-to-date profit and position/ risk reports on the physical trading book, which includes hedging derivatives, and speculative books. Also a lot of emphasis on stock valuation.
• Preparation of Daily Profit & Loss and Position Report, analyse results and provide explanations to traders and wider stakeholders.
• Analyse foreign exchange exposure.
• Review mark to market valuations.
• Discuss with management the changing risks facing the business.
• Drive planning, budgeting, forecasting and production of appropriate performance measures.
• Help the traders understand their responsibilities in maintaining a visible control over their business.

Accounting / Monthly reporting
• Process month end ITAS activities – book the inventory journal entry, reconcile raw and white sugar inventory.
• Analyse and develop regular reports to allow operational understanding and accounting for stocks processing eg yield results.
• Analyse the monthly performance, work out key performance drivers and produce commentary.
• Focus on continuously improving processes and methods of regular routines to allow increasing focus on providing business support, analysis and financial advice.

Other Tasks
• Resolve differences on inter-company balances and transactions to/from trading business.
• Reconcile differences between trading and accounting system.
• Support internal and external audit processes.
• Provide support to the trade operations team re vessel accounting.

Qualifications/Essential Experience

• Be a qualified accountant (CIMA/ACCA/ACA).
• Have experience of world market commodity trading including Futures and Options.
• Experience in SAP and BI or equivalent data warehousing and reporting tools.
• Have advanced Excel modelling skills and the ability to adapt models for users with less advanced Excel skills.
• Have experience of modelling projects and ”what-if scenarios” and of providing interpretation and advice.
• Have experience in writing reports and developing presentations.
• Must be able to work effectively under time pressure.

Physical Operator Fuel Oil

Salary range: £80,000 p.a
Location: Singapore

We are looking for candidates with experience on the products and in operations. These roles are for experienced/senior operators who know the products they will work on.

Key Activities & Accountabilities:

* Co-ordinates all shipping/logistics in order to effect the trade smoothly and successfully.
* Obtain clean acceptance of vessels on subjects and notify Chartering of progress in this regard.
* Review and comment on contracts.
* Issue voyage orders and LOI’s to Ship-owner. Monitor progress of the vessel during voyages.
* Appoint Shipping Agents and Independent Inspectors.
* Issue documentary instructions to Contract Supplier.
* Check freight calculations against C/P and arrange for the payment of same.
* Liaise/Coordinate with Finance, providing them with accurate and timely data needed for issuing of L/C’s and obtaining P/Us.
* Ensure invoicing of and payment of cargoes. Monitor accounts receivables and issue interest invoices where applicable.
* Maximise recoveries and ensure that all claims to third parties are correctly documented and presented. Secure payment of third party claims.
* Maintain good Contract and Shipping files.
* Maintain good working practise with other Trade support divisions – keeping demurrage section advised with progress /status of vessels at load and discharge ports.
* Ensure that the internal system is the primary tool for information is updated regularly and at all times reflects the latest information available.
* Monitors and advises deals desk all costs related with each transaction (P+L awareness)
* Prepare cargo / chaterer liability insurance declarations in a timely manner
* Completes voyage reconciliations and identifies loss/gain differences for every operation
* Complete storage reconciliations and identify and investigate loss/gain differences
* Responsible for all aspects of customs exportation/importation where applicable.
* Collect information for trading opportunities. provide technical and team management support to Group Operations Manager and any other support as required.
* Establish and/or maintain good working relationships with Contractual Operations Counterparts and with third party service Companies on a regular basis regarding post deal activities (Local and International).
* Deal with local and international clients on a regular basis regarding post deal activities.
* Ensures revenues maximised; claims documented; payments secured.

Experience:

* Experienced in physical oil operations
* Understanding of technical shipping and maritime terminology
* Good understanding of commercial shipping and the impact on oil cargo operations.

Head of Finance – Energy

Salary range: £80,000- £120,000 p.a plus comprehensive benefits package
Location: Central London

Our client is a fast growing business which forms part of a Global Group, which consolidates, trades and supplies electricity; representing an excellent opportunity to join an exciting business within the Energy Sector.

Reporting to the Chief Operating Officer, a new hands-on Vice President Finance is required to lead and manage a team of 16 qualified and part-qualified accounting staff responsible for all aspects of accounting and finance.

Responsibilities will include but may not be limited to:

* Accounting Policy.
* Statutory Financial Reporting.
* Financial and accounting compliance.
* Liaising with internal and external auditors.
* Budgeting and reviewing all the revenues, gross margin and expenditures against budgets, and re-forecasting.
* Prepare the medium and long term financial projection.
* Provide financial input, analysis and expertise to any business development activities.
* Consolidation and reconciliation of information from different IT systems (Zainet, ETRM, SBS, ERS) into SAP Accounting system.
* Timely presentation of accurate monthly management accounts.
* Day to day oversight and management of the finance group (currently 16 staff).
* Responsible for accounts payable, accounts receivable, billing and credit control.
* Funding strategy, cash flow forecasting, borrowing facilities.
* Fixed asset, purchase orders etc; and generally supporting the management and the business system.

QUALIFICATIONS:

* University degree (or equivalent)
* Qualified Accountant ACA, ACCA, CIMA (or equivalent)
* Minimum 15 years’ relevant experience in accounting roles
* Fully conversant with UK GAAP and IFRS
* Previous experience of managing a finance team
* Understanding of electricity industry or commodity trading
* Experience of significant process and system change programmes
* Experience of managing and controlling large volumes of data
* Understanding of energy trading related accounting standards
* Experience gained in an FSA regulated company would be preferred.

Settlements Analyst / Receivables / Billing Commodity Trading

Salary range: £34,000-£38,000 p.a plus Bonus and excetional benefits
Location: Docklands

The Lead Settlements Analyst is responsible for all aspects of International Sales Invoices for the Trading and the day to day supervision of two analysts.

You will be expected to manage all aspects of the relationship ensuring transactions and queries are dealt with efficiently.
The role sits within the Central Service Operations function which provides Global Central Settlement Services for the Trading Function and will provide Settlement operations. The team provides Trade Settlement support for three trading functions in Asia, United Kingdom and the US.
Key Accountabilities
o Daily Supervision of 2 Analysts
o Ensure team produce Daily Invoicing for International Activity
o Ensure Complaint Credit Notes are produced in a timely manner to counterparties by the Analysts
o Ensure team prompt Brokerage payments and send Remittance advices
o Key Performance Indicator (KPI) Reporting for the Marine team
o Develop relationships with local invoicing operational teams
o Act as single point of accountability for International Activity
o Actively seek and implement new efficient ways of performing role
o Understand and adhere to control and compliance policies
o Ad hoc projects
Essential Criteria
o Good communicating and interpersonal skills, networking and influencing, are essential
o Relationship Management with internal and highly sensitive external customers, globally
o Ability to manage workload independently to clear performance drives with little supervision
o Highly numerate
o Proactive nature
o Problem Solver
o Team working skills
o Numeracy and Accuracy
o IT skills
o Flexibility and ability to work in pressurised situations
o Determination to complete – and to deadline.
o Excel Experience (Intermediate)
Desired Criteria
o Part qualified in CIMA/ACCA or equivalent experience
o SAP Experience
o Pricing for Oil & Products

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.

Commodity Settlements Team Leader

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

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

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

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

The key tasks of this role are:

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

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

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

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

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

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

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

Duties and Responsibilities:

Gas and Power confirmations, invoicing and reporting

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

Senior Credit Risk Analyst

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

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

 

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

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

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

Primary Accountabilities

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

Preparation of Credit Lines – Spot Approvals:

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

Reporting:

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

Legal:

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

Scope & Interactions

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

Primary Accountabilities

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

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

    Preparation of Credit Lines – Spot Approvals:

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

    ·         Establishment and renewal of credit lines and spot approvals

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

    ·         Responsible for negotiating reciprocal Credit Lines

    Reporting:

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

    Legal:

    ·         Manage parental guarantees received.

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

    Scope & Interactions

    ·         Follow-up on counterpart evolution, meet counterparts.

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

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

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

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

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

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

Senior Oil Trade/Product Control

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

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

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

Main Job Function:

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

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

 Key Responsibility Areas:

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

You will have:

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

Senior Trade / Product Control Analyst

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

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

Key Responsibility Areas:

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

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

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

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

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

Monitor vessel charters and traders’ adherence against their delegated authority

Guarantee compliance for trading procedures with relevant controls

Contribute to new business initiatives, systems or process improvement projects

Train other teams and share expertise

Candidate Specifications:

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

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

Knowledge of financial hedging on Oil & Products;

Trade / Product Control Analyst

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

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

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

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

KEY RESPONSIBILITY AREAS:

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

CANDIDATE SPECIFICATION:

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

Senior Market Risk Analyst

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

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

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

CANDIDATE SPECIFICATION – SKILLS & EXPERIENCE

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

Credit Risk Analyst

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

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

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

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

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

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

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

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

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

Availability to frequent travels to Bruxelles

Market Risk Specialist

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

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

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

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

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

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

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

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

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

Market Risk Analyst (Oil)

Salary range: Permanent - £50,000 - £55,000 p.a. + Bonus + Exc. Benefits
Location: London

Our client is a leading Oil Trader, wholesale, and retail business who are seeking a Risk Analyst to work in the Middle Office

whose departmental responsibilities are as follows:
*Monitor and report position to Management in London.
*Monitor and report MTM P&L to Management in London.
*Liaise with Headquarters Controlling department on the above position for Risk reporting.
*Prepare opening FX requirement from IT System for execution by Marketing and Supply.
*Prepare daily profitability analysis.
*Manage standing data, trades and create complex contracts.
*Provide support and problem solving skills around system to all users.
*Manage transaction data in the Accounting module.
*Reconcile Futures account to broker statement.
*Prepare contract confirmations for spot / presale business from system, match to deal sheets and issue to customers.
*Prepare and maintain records of trade amendments and input quality.
*Agree and arrange for settlement the monthly swap trading.

Duties and Responsibilities of Risk Analyst:
*Position and Forecast Position analysis
*Review P&L in system and produce Daily P&L Report
*Set up and maintain market curves
*Monitor the integrity of commodity (physical and hedge) and FX deal entry
*Square physical positions with theoretical hedges
*Guide the Marketing team with ideas about pricing provisions and deal entry requirements in system.
*Back Office position impact analysis.
*Scheduling position impact analysis.
*Local technical support for system to Back Office, Supply and Marketing.
*Ad-hoc project work to develop new reports

Knowledge, Skills and Abilities:
*High level of numeracy
*Commercial awareness
*Understanding of systems
*Excellent organizational skills
*Able to work on own initiative as well as being a team player
*Able to adapt to different working environments

Credentials and Experience required:
*Educated to degree standard.
*Previous work based experience working within an oil industry environment, preferably within wholesale business.
*Proficient Excel-skills.

Salary & Benefits:

£45,000 – £55,000 depending level of previous experience + Company health scheme, Company pension scheme, Childcare vouchers, Free membership Gym, Season Ticket loan, Discretionary Bonus paid on personal and company performance.

Gas Settlements Analyst

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

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

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

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

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

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

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

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

Key accountabilities

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

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

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

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

-Ensuring all invoices are tax compliant

-Managing overdue debt

-understand and adhere to control and compliance policies

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

-Managing the Quarterly Group Agreement process

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

Skills & Experience Required

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

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

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

-Strong and confident communication skills

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

-Highly numerate

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

Product Control Analyst

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

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

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

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

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

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

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

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

Global Oil Settlements Analyst

Salary range: Temporary - £15.00 - £20.00 per hour
Location: Docklands, London

As a Global Settlements Analyst you will be wholly responsible for a suite of internal and external third parties and intercompany relationships

You will be expected to manage all aspects of the Global relationship ensuring transactions and queries are dealt with efficiently.

The role sits within the Global Central Services. The team provides Trade Settlement support for three trading functions in Singapore, London and Chicago.
As a global trading organisation you may be required to work an early shift (from 7am), or a late shift (until 7pm), in addition there will be requirements to work on some bank holidays and weekends.

Key accountabilities

– Raising & Issuing 3rd Party AR Invoices (oil or ancillary)
in line with highly variable contractual due dates
– Reconciling and paying incoming AP invoices, creating recharge invoices where necessary
– Confirming incoming cash & consolidating to daily cash forecast within tolerance
– Resolving volume, tax and other disputes in a timely manner
– Managing re-invoicing workload due to operational data or pricing updates
– Ensuring all invoices are tax compliant
– Managing overdue debt
– Understand and adhere to control and compliance policies
– Managing the Quarterly Group Agreement process

Skills & Experience Required

– Thorough understanding of Commodity Settlements Process (ideally energy), gained in a Banking or Commodity Trading Environment
– System Literate – SAP experience is essential, and wide range of other in-house transactional systems
– Relationship Management with internal and highly sensitive external customers, globally
– Strong and confident communication skills
– Ability to manage workload independently to clear performance measurements with little supervision
– Highly numerate

Quantitative Analyst – Market Risk

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

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

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

Other tasks:

  • IAS39 Standard contracts preparation;
  • Monthly Stress testing.

Key challenges:

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

Reporting to: Power Asset Book Risk Manager

Academic requirements:

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

HR Advisor

Salary range: Permanent - £25,000 - £30,000 p.a.
Location: Central London

Our client is a unique, UK based business offering an unrivalled combination of fit-out, construction

and facilities management services.

The multi-disciplinary group provides a full range of services for the occupiers and owners of buildings; from office fit-out and building refurbishment, to technical fit-out for facilities such as laboratories and data centres. The facilities management division of the group provides post-project support for clients as well as traditional maintenance and facilities management services to a wide range of organisations.

Key activities in the role will include:

  • Managing the organisations learning and development activities, including writing the yearly learning and development plan, producing a programme of training events, designing new programmes and analysing course evaluations.
  • Recruiting staff at all levels, liaising with advertising and recruitment agencies, advising, as well as interviewing candidates using behavioural interviewing techniques.

  • Training for Team Leaders up to Manager level relating to supervision of staff, how to conduct disciplinary and Grievance meetings, successful recruitment practices.
  • Providing HR support and advice to managers and staff at all levels as and when required, managing the private pension scheme, cycle to work scheme, TUPE, Maternity entitlement and new legislation, variations to contracts.
  • Involvement with Disciplinary, Grievance and Appeal processes, to assist managers and manage senior management processes
  • Induction programmes for Administrators, Managers and Senior Managers, including devising a plan to cover key areas for each job role and manage the programme from the start, analyse the feedback and adapt programmes as necessary

  • Conducting CRB and reference checks

Person Specification

You will be highly motivated, HR professional wanting the next step in your career.  This is a stand alone role and so the successful applicant will be a self starter with the ability to think for themselves and organise the HR function to run smoothly.