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- Tasks: Validate and configure ETRM systems, ensuring accurate contract setups and risk behaviour.
- Company: Join a leading firm in commodities trading, focused on innovation and excellence.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, tackling real-world challenges in the commodities market.
- Qualifications: Experience with ETRM systems and commodities trading is essential; familiarity with Aspect is a plus.
- Other info: Collaborate closely with the EMEA Risk Director and contribute to impactful projects.
The predicted salary is between 48000 - 72000 £ per year.
Project description: ETRM migration from legacy trading system to target system "Aspect"; the resource will report to the director of EMEA Risk and will be responsible for checking and validating the Target state has been configured correctly, contracts/curves set up in Aspect by IT are as expected, correctly configured rights and produce the correct results. The resource will also provide expertise on how such contracts are expected to behave and configured in ETRM and perform full lifecycle testing and validation.
Responsibilities:
- Full front end ETRM (Aspect contract config/validation), such as UOM, Expiry profile, price feed, pricing.
- Full lifecycle validation of configuration, futures, forwards, swaps, float/float, fixed float, bullet, confirming Risk behaviour in system is correct.
- Understanding and creation of future equivalent view, understanding fixing and pricing risk.
- Validation of Risk decomposition for formula pricing for more complex indices.
- Generation of test files and test cases for downstream.
- Logging and escalating all known and identified issues until resolution.
- Provide second line and challenging current BAU process.
- Liaise with EMEA Risk Director on progress updates, challenges and problems.
SKILLS
Must have:
- Familiarity with working and navigating on the Front End of an ETRM ideally Aspect, checking configurations, ability to book trades and obtain necessary details for setup validation.
- Commodities knowledge both on physical and financial trading with an understanding of contracts, benchmarks, prevalent pricing, and understanding the full lifecycle of trades.
- Asset classes mainly focused on Emissions, LNG, EU Gas, US Gas, Crude, Distillates, Base Metals, Precious Metals.
- Physicals include storage, pipeline, refining, vessels, freight on crude, distillates and LNG.
- Products knowledge, Risk and P&L behaviour for Futures, swaps, forward, float/float, fixed/float, risk decomposition for indices, fixing risk, future equivalent view.
Nice to have:
- Aspect Skills.
- Model validation.
- Understanding Rates and FX, cross currencies, PV01, DV01, FX exposure, discounting.
Market Risk Senior Commodities BA employer: Luxoft
Contact Detail:
Luxoft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Senior Commodities BA
✨Tip Number 1
Familiarise yourself with the Aspect ETRM system. Since this role requires checking configurations and validating setups, having hands-on experience or knowledge of how to navigate the front end will give you a significant advantage during interviews.
✨Tip Number 2
Brush up on your commodities knowledge, especially in areas like emissions, LNG, and crude. Understanding the nuances of physical and financial trading will help you demonstrate your expertise and make you a more attractive candidate.
✨Tip Number 3
Prepare to discuss risk behaviour and P&L dynamics for various asset classes. Being able to articulate how different contracts behave and the implications of pricing risks will showcase your depth of understanding in the field.
✨Tip Number 4
Network with professionals in the commodities trading space. Engaging with industry experts can provide insights into current trends and challenges, which you can reference in your discussions with the EMEA Risk Director during the interview process.
We think you need these skills to ace Market Risk Senior Commodities BA
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in ETRM systems, particularly with Aspect. Emphasise your familiarity with commodities trading and any specific asset classes mentioned in the job description.
Craft a Strong Cover Letter: In your cover letter, explain why you are a good fit for the Market Risk Senior Commodities BA role. Mention your experience with lifecycle testing and validation, as well as your understanding of risk behaviour in trading systems.
Showcase Relevant Skills: Clearly outline your skills related to the job requirements, such as your knowledge of futures, forwards, swaps, and risk decomposition. If you have experience with model validation or understanding rates and FX, be sure to include that too.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Luxoft
✨Know Your ETRM Inside Out
Make sure you have a solid understanding of the ETRM system, especially Aspect. Be prepared to discuss how you would check configurations and validate setups, as this will be crucial for the role.
✨Demonstrate Your Commodities Knowledge
Brush up on your knowledge of commodities trading, including both physical and financial aspects. Be ready to talk about different asset classes like Emissions, LNG, and Crude, and how they impact risk behaviour.
✨Prepare for Lifecycle Testing Questions
Expect questions about full lifecycle testing and validation. Think about how you would approach validating configurations for various contracts and what challenges you might face during this process.
✨Show Your Problem-Solving Skills
Be ready to discuss how you would log and escalate issues, as well as how you would challenge current processes. Highlight any past experiences where you've successfully resolved complex problems in a similar context.
