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- Tasks: Join us as a Front-Office Risk Business Analyst, enhancing Power Trading capabilities.
- Company: Be part of a leading Commodities & Energy Trading House undergoing a tech transformation.
- Benefits: Earn up to £750/day outside IR35 with a flexible hybrid work model.
- Why this job: Gain hands-on experience in trading while collaborating directly with users on the trading floor.
- Qualifications: 5 years in IT Business Analysis with a focus on physical commodities trading required.
- Other info: Opportunity for continuous learning in a dynamic environment with a rolling 6-month contract.
The predicted salary is between 54000 - 75600 £ per year.
Commodities & Energy Trading House are going through a technology landscape transformation. A big project is removing their Valuations and PnL portfolio out of their current ETRM and transferring the data to a brand new, bespoke ETRM that can facilitate the trades of Power.
This Power Business Analyst role will be focussed on improving and changing the Front Office Power Trading capabilities. You will work with users from across the business and cover functionality across the end-to-end trade lifecycle for physical OTC Power & Gas. As such, Power Business knowledge is critical for this role. An understanding of ETRM’s, OTC exchanges, Reporting such as REMIT, concepts like baseload, peak and off peak, intraday and day ahead trading, PPAs, the Physical Power Trade Lifecycle, M2M and P&L, VAR, Power Grids etc.
As a Power Business Analyst, you will work with both front office and middle office users, with direct desk access on the trading floor, gaining exposure across end-to-end trade lifecycle for physical Power. You will be required to perform extensive hands-on work in the current ETRM, understanding the Physical Commodities lifecycle and the data needed from both front and middle office, in order to develop extensive system and app knowledge of the different trades. You will be required to be proactive in engaging with users and working with them in a collaborative and open manner. You must take ownership of creating structured documentation (e.g. backlogs of user stories) and be able to communicate effectively with technical and non-technical individuals.
Duties of the Power Business Analyst:
- Working with the users to identify their needs
- Creating worked examples, mock-ups, test cases or similar to help users understand their requirements and potential solution options
- Performing hands-on system or data analysis to identify changes (e.g. to usage, to configuration or to class-event)
- Able to work in both an Agile and Waterfall methodology
- Assessment, Documentation, Prioritisation, Workshops etc
Experience needed for the Power Business Analyst:
- 5 years’ experience as an IT Business Analyst in Trading
- Physical commodities trading experience – understanding of the physical trading lifecycle
- Power – REMIT (Plus), OTC Exchanges, Balancing, Baseload, Peak and Off-Peak, Intraday/Day Ahead, PPAs, VAR, Power Grids
- Front / middle office knowledge; pricing and valuation (P&L, risk exposure, etc.)
- Agile AND Waterfall experience
If you are interested in this Power Business Analyst role, please reply with your latest CV or send it direct to oscar@virtuetech.io.
Front-Office Risk Business Analyst | Gas & Power Trading | £750/Day Outside IR35 | 2-3 days offic... employer: VirtueTech Recruitment Group
Contact Detail:
VirtueTech Recruitment Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Front-Office Risk Business Analyst | Gas & Power Trading | £750/Day Outside IR35 | 2-3 days offic...
✨Tip Number 1
Familiarise yourself with the specific terminology and concepts mentioned in the job description, such as ETRM, PnL, and REMIT reporting. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the Gas and Power Trading sector. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss your hands-on experience with both Agile and Waterfall methodologies. Be ready to share specific examples of how you've successfully implemented these approaches in previous roles, particularly in trading environments.
✨Tip Number 4
Demonstrate your proactive engagement skills by preparing questions for the interview that show your interest in collaborating with users. This could include asking about their current challenges or how they envision the new ETRM improving their workflow.
We think you need these skills to ace Front-Office Risk Business Analyst | Gas & Power Trading | £750/Day Outside IR35 | 2-3 days offic...
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in physical commodities trading and your understanding of the Power Trading lifecycle. Use specific keywords from the job description to demonstrate your fit for the role.
Craft a Strong Cover Letter: Write a cover letter that showcases your knowledge of ETRM systems and your experience with both Agile and Waterfall methodologies. Explain how your background aligns with the responsibilities outlined in the job description.
Showcase Relevant Skills: In your application, emphasise your skills in documentation, user engagement, and system analysis. Provide examples of how you've successfully worked with both technical and non-technical stakeholders in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Business Analyst role.
How to prepare for a job interview at VirtueTech Recruitment Group
✨Showcase Your Power Trading Knowledge
Make sure to brush up on your understanding of the physical trading lifecycle, including concepts like baseload, peak and off-peak trading. Be prepared to discuss how these elements impact trading decisions and risk management.
✨Demonstrate Your Analytical Skills
Prepare to provide examples of your hands-on experience with data analysis and system configuration. Highlight any specific projects where you identified changes or improvements in trading processes, especially within ETRM systems.
✨Communicate Effectively
Since you'll be working with both technical and non-technical users, practice explaining complex concepts in simple terms. Use clear examples to illustrate your points during the interview, showing that you can bridge the gap between different teams.
✨Be Ready for Methodology Questions
Expect questions about your experience with Agile and Waterfall methodologies. Be prepared to discuss how you've applied these approaches in past projects, particularly in relation to trading environments and user engagement.
