Confirmations Analyst

Our client is one of the world’s leading Energy & Commodity Trading businesses with a successful history of growth. Their distinct culture thrives on values, giving them a strong base and passion to succeed as a team. Employees enjoy an environment that allows them to develop their skills, knowledge and experience giving them every opportunity to have successful careers. New ideas and initiatives are encouraged as it is widely believed that inspired individuals can make a difference and help shape the future of the business.

This position is responsible for accurately and timely confirming physical Power, Gas, Carbon, Green Certificate, Derivatives and FX trades, with external Clients and Brokers, as well as the reporting of these trades to Dodd Frank, EMIR, REMIT, MiFID, MAS and ACER LNG Regulators. The role is an excellent opportunity for a talented and motivated Confirmations / Regulatory Reporting Analyst to gain exposure across a very wide range of energy products and to work in a dynamic and ambitious company.

• Accurate checking of standard, bespoke and structured trade confirmations received from Counterparties to the ETRMs.
• Ensuring the issue and receipt of timely and accurate confirmations to and from Counterparties and investigating and resolving discrepancies.
• Completeness of Broker Reconciliations, to ensure that all trades are captured correctly in ETRMs.
• Checking of Direct trades that are executed.
• Ensuring that trades are booked correctly in our ETRMs.
• Ensuring trades feed electronic matching platforms and that trades are matched with Brokers and Counterparties by T+1.
• Investigate and resolve discrepancies.
• Ensure that we send out paper confirmations to counterparties we do not electronically match with by T+1.
• Complete trade reconciliations with Grids to ensure that all trades are captured correctly in ETRMs.
• Investigate and resolve discrepancies.
• Complete Excel based reconciliations of internal and external Counterparty transactions.
• Build good relationships with Counterparties and Brokers.
• Management of static data updates received internally and externally.
• Escalate issues to management in a timely fashion.
• Provide daily, weekly and monthly reports and relevant commentary to Management.
• Liaison with various teams within the organization such as Front Office, Settlements Regulatory Compliance, Product Control, Legal, IT, and Credit.
• Developing and maintaining excellent working relationships with these stakeholders.
• Ensuring all processes and procedures are constantly reviewed, documented and updated.
• Constantly review and provide ideas for improving processes across the team to streamline and automate current processes.

• Knowledge of confirmations for Commodity products essential.
• Experience in the checking / drafting of Commodity bespoke and structured confirmations preferred.
• Knowledge of the regulations EMIR, REMIT, Dodd Frank, MiFID, MAS and ACER LNG.
• Experience of performing the regulatory reporting processes for EMIR, REMIT, Dodd Frank, MiFID, MAS and ACER LNG.
• Good working knowledge of trading systems, preferably ENDUR.
• Experience of using an electronic matching platform, preferably Equias.
• Experience of Swift matching for FX confirmations.
• Exposure to new systems implementation and systems development.
• Fluent in English with excellent written and verbal communication skills.
• Good grasp of Excel.

• Concern for accuracy and ability to meet tight deadlines.
• Diligent and dependable.
• Able to work as part of a team.
• Good organisational and execution skills.
• 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.

• Proven experience of working in a Confirmations and /or Regulatory Reporting Team in an Energy Trading or Bank environment.
• Experience of working with Trading Counterparties/Brokers and direct contact with Trading desks.