Middle Office Analyst - Oil

Company:  Richard James Recruitment Specialists Ltd
Location: London
Closing Date: 20/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry. Working as part of the London Middle Office team, you will be mainly responsible for Oil (Financial) traded products, correct position reporting, pricing and adherence with trading limits and more. PRINCIPAL DUTIES/RESPONSIBILITIES:Production of a daily PnL and Risk reports for the London Oil trading desk (also supporting other desks covering the commodity spectrum, more specifically Gas, Power, Ags, LNG, Metals), be able to produce a breakdown and explain key drivers. Production of weekly management reporting on all portfolios with concise communication on changes to the risk profiles within the booksDevelopment of non-linear risk reporting for option portfoliosIPV on prices, and volatility Improvements to enhanced reporting platform and risk decomposition.Key point of contact for communicating changes to risk profile to management with clear narrative as to subsequent changes to risk profile and commercial understanding as to reasons for positions.Support with complex trade booking Good understanding of financial derivatives including options and option sensitivitiesFrequent and daily interaction with traders to understand core positions and trading rationale.Implement new controls: liaise with Tech team to improve and enhance processes.Development of enhanced reporting platform.SKILLS:Educated to bachelor degree (or equivalent) level in highly numerate subject (Mathematics, Financial Mathematics, Mathematical Finance, etc.) Ability to work as part of a team.Ideally 1-5 years’ work-based Middle Office/Product Control/Risk Management experience in a similar role in an Energy/Commodities trading environment; Oil experience highly preferred. Technically competent with ETRM systems and tools; specifically, Openlink/Endur/ICTS.Self-starter, organized and autonomous.Process improvement mindset.Fluent English, speaking and writing.Advanced Excel skills, VBA SQL, Python preferred. Data visualization experience, Tableau/DashPassionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.
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Richard James Recruitment Specialists Ltd
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