Oil Trading Product Control Analyst – Relocate and be Dubai (DIFC) Based – £137k Basic TAX FREE
Asset backed commodity trading arm of a Global leading Oil & Gas Major seeks a Crude Oil & Refined Products Product Control Analyst to join in their HQ/sole office based in DIFC in Dubai.
You can be based anywhere globally (including already being based in Dubai now), but most likely you will be based in one of the major global commodity trading hubs – London, Geneva, Singapore, Houston.
My client will assist you with relocation from these major trading hubs, help you set up your UAE bank account and sponsor/manage your Emirates ID, allowing you to live and work in Dubai.
Reporting into the Head of Risk, the successful Oil Trading Product Control Analyst will be responsible for the evaluation and reporting of the daily P&L of all trading activities, as well as the valuation of the contracts, markets and hedging instruments that sit behind them.
Key Responsibilities include:
- Daily P&L evaluation and reporting for all trading books and strategies, including the attribution of that P&L to change in market prices, new transactions and other portfolio updates typical of a waterborne cargo trading organisation.
- Evaluating and reporting the exposure of each book to market price risk, including aggregation and presentation in commonly traded spread and outright views.
- Challenge traders on their MTM choices by ensuring the fair valuation.
- Reconcile OTE and Open position with the clearer and confirm daily Margin Calls (IM & VM).
- Support the finance team with a month end close process, owning and providing trade and contract valuations, as well as inventories and trade accruals as necessary.
- Working with the back-office finance team, review and confirm booking of new physical transactions in the ETRM system, verifying terms including pricing rules and terms.
- Establishing valuation approaches for the product trades, including forward price and basis curve construction, as well as independent price verification (IPV) process around it.
Key Skills & Experience:
- 5 years + experience working directly on an oil trading floor as a Product Control Analyst / Middle Office Analyst / Back Office Analyst preparing daily exposure and P&L (no service centre) for an Oil Major, large commodity trader or NOC (with a developed supply and trading function). To repeat, you can NOT come from a service center, you need to have worked directly for a major oil trading business with a well developed supply and trading function.
- Strong Oil Trading knowledge and experience is essential.
- Proficiency in trading systems (ETRM /CTRM), Excel, VBA, Python and Power BI is a plus.
- Ability to work in a fast moving, early stage trading organisation, supporting growth whilst ensuring control and risk management objectives are met.
- Strong understanding of accounting principles, financial controls, and compliance.
- Fluency in English is essential.
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Analyst
Industries: Oil and Gas
Please e‑mail me (Ben) for more information at jobsBR@bramwithconsulting.co.uk.
