At a Glance
- Tasks: Validate trades, ensure timely confirmations, and maintain compliance with KPIs.
- Company: Join EDF Trading, a leader in energy trading with a supportive environment.
- Benefits: Competitive salary, career development opportunities, and a dynamic work culture.
- Why this job: Make an impact in the energy sector while honing your analytical skills.
- Qualifications: Degree level education or equivalent experience in operations within energy trading.
- Other info: Collaborative team atmosphere with opportunities for growth and learning.
The predicted salary is between 28800 - 48000 £ per year.
The Contracts and Settlements department is one of several support functions that enable EDF Trading to tightly control its commercial activities and process a large number of transactions with a wide variety of counterparts. The department acts as an enabler for the commercial side of the business whilst ensuring effective processes and controls are in place to mitigate operational risk and potential loss whether financial (actual or lost opportunity) or reputational.
The role will primarily be to validate trades entered into by the company, ensuring trade confirmations are sent in a timely manner, matched where possible electronically and followed up regularly to ensure both compliance with the agreed departmental KPIs and most importantly the integrity of the company’s traded position and associated PnL.
Main responsibilities:
- Reconcile broker recaps and investigate any mismatches.
- Draft and ensure the timely dispatch of all counterparty confirmations.
- Ensure controls around long form contracts are adhered to.
- Receive and reconcile all counterparty confirmations investigating and resolving discrepancies, and escalating issues to Management as appropriate.
- Follow up outstanding and overdue confirmations to ensure receipt within contractual deadlines.
- Monitor electronic confirmations for failures and resolve through to successful match.
- Promote and encourage counterparties to use our electronic matching platform.
- Ensure all processes and procedures are constantly reviewed, documented and updated.
Experience required:
- Prior experience of working in an Operations function of an energy trading environment having worked with trading counterparties and Front Office, including direct contact with trading desks is an advantage.
- You also need to be a self-starter, a logical thinker and a quick learner, someone who is proactive with strong initiative and excellent communication and interpersonal skills.
Person specification:
- Degree level education or equivalent work experience.
- Good working knowledge of the trade life cycle and trading systems.
- Numerate with a strong attention to detail and ability to deliver high standards of accuracy.
- Experience of working with trading counterparties and direct contact with trading desks.
- A team player, confident in building strong working relationships at all levels.
- Ability to follow procedures, identify problems and follow up on resolution.
- Fluent in English with the ability to communicate messages clearly and concisely, both verbally and in writing, with colleagues including senior management.
- Motivated by daily operational processes and the opportunity to develop and refine those processes, reducing risk and improving efficiency.
Contracts and Settlements Analyst in London employer: EDF Trading
Contact Detail:
EDF Trading Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Contracts and Settlements Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in contracts and settlements. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the trade life cycle and trading systems. We want you to be able to discuss how you can help mitigate operational risks and improve processes with confidence!
✨Tip Number 3
Showcase your attention to detail! During interviews, share examples of how you've successfully reconciled discrepancies or improved accuracy in previous roles. This will highlight your fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.
We think you need these skills to ace Contracts and Settlements Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Contracts and Settlements Analyst role. Highlight any relevant experience in operations, especially in energy trading, and showcase your attention to detail and problem-solving skills.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific experiences that relate to validating trades and working with trading counterparties.
Showcase Your Communication Skills: Since communication is key in this role, make sure to demonstrate your ability to convey messages clearly in both your CV and cover letter. Use concise language and avoid jargon to keep it straightforward.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go!
How to prepare for a job interview at EDF Trading
✨Know Your Trade Life Cycle
Make sure you brush up on your knowledge of the trade life cycle and trading systems. Being able to discuss this confidently will show that you understand the core responsibilities of the role and can hit the ground running.
✨Demonstrate Attention to Detail
Since the role requires a strong attention to detail, prepare examples from your past experiences where you successfully identified discrepancies or improved processes. This will highlight your ability to maintain high standards of accuracy.
✨Showcase Your Communication Skills
Be ready to discuss how you've effectively communicated with trading desks or counterparties in previous roles. Clear and concise communication is key, so practice articulating your thoughts on complex topics in a straightforward manner.
✨Prepare for Problem-Solving Scenarios
Think of specific instances where you’ve had to identify problems and follow through on resolutions. The interviewers will likely want to see how you approach challenges, so having a few solid examples will help you stand out.