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- Tasks: Validate and configure ETRM systems, ensuring accurate contract setups and risk behaviour.
- Company: Join the UK's leading age-inclusive jobs board focused on empowering diverse talent.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Be part of a crucial project that shapes the future of commodities trading and risk management.
- Qualifications: Experience with ETRM systems, commodities knowledge, and strong analytical skills are essential.
- Other info: Ideal for those passionate about finance and looking to make an impact in the industry.
The predicted salary is between 54000 - 84000 £ 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 set up 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.
Languages: English: C2 Proficient
Seniority: Senior
Contact Detail:
Luxoft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Senior Commodities BA
✨Tip Number 1
Make sure to brush up on your knowledge of ETRM systems, particularly Aspect. Familiarity with the front end and understanding how to check configurations will give you a significant edge during discussions with our team.
✨Tip Number 2
Network with professionals in the commodities trading sector. Engaging with industry experts can provide insights into current trends and challenges, which will be beneficial when discussing your expertise in risk behaviour and contract validation.
✨Tip Number 3
Prepare to demonstrate your understanding of various asset classes, especially Emissions, LNG, and Crude. Being able to articulate your experience with these commodities will show us that you have the relevant background for the role.
✨Tip Number 4
Familiarise yourself with the lifecycle of trades and risk decomposition for indices. This knowledge will not only help you in the interview but also show us that you're ready to tackle the complexities of the role from day one.
We think you need these skills to ace Market Risk Senior Commodities BA
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and skills required for the Market Risk Senior Commodities BA position. Familiarise yourself with ETRM systems, particularly Aspect, and the specific commodities mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in ETRM systems, commodities trading, and risk management. Emphasise your familiarity with the front end of ETRM, as well as any specific knowledge of asset classes like Emissions, LNG, and Crude.
Craft a Compelling Cover Letter: Write a cover letter that showcases your expertise in commodities and risk behaviour. Mention specific examples of how you've successfully validated configurations or managed lifecycle testing in previous roles, demonstrating your fit for the position.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished 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, particularly Aspect. Be prepared to discuss how you would check configurations and validate contracts, as well as your experience with lifecycle testing.
✨Demonstrate Commodities Knowledge
Brush up on your knowledge of commodities trading, especially in areas like emissions, LNG, and crude. Be ready to explain how different asset classes behave and how you would approach risk and P&L analysis.
✨Prepare for Technical Questions
Expect technical questions related to pricing, risk decomposition, and contract configurations. Practise explaining complex concepts clearly, as this will showcase your expertise and communication skills.
✨Showcase Problem-Solving Skills
Be ready to discuss past experiences where you've identified issues and escalated them effectively. Highlight your ability to challenge existing processes and suggest improvements, as this is crucial for the role.
