Settlements Analyst

Established in 2004, Mercuria is one of the leading integrated energy and commodity trading companies in the world. We bring energy markets together to support the needs of today by trading, structuring finance, and investing into strategic assets, while generating more than $110 billion in turnover.

Our operations span over 50 countries on 5 continents, including all the major energy hubs. We trade physical oil, energy products, environmental products and other commodities from Geneva, London, Singapore, Shanghai, Beijing, Dubai, Houston, Calgary and Greenwich (CT).

We are committed to advancing the transition to a more sustainable, affordable and reliable energy system for tomorrow. Over 50% of our assets are in low carbon & energy transition sectors – providing a strong platform to trade these new markets and support decarbonization.

In 2023, we established Silvania, a $500 million fund, investing into restoration and protection of nature and biodiversity globally and in support of the Paris Agreement goals & UN 30×30 biodiversity initiative. This new asset class supports nature protection and provides sustainable financial returns.

Position Purpose:

This role sits within EMEA Financial Operations. The successful candidate will be responsible for the reconciliation and settlement of brokerage fees for a variety of desks across a wide range of products, the settlement of FX trading transactions, Interest Rate Swaps, and other products. The role offers opportunities to enhance processes, contribute to projects, and gain cross-functional exposure to other settlement functions in the commodities space, as time permits, including Power, Gas, LNG, Environmental Products, Uranium, Oil Derivatives.

Job Description:

• Reconcile trades between broker invoice statements and internal systems
• Timely processing of broker fee settlements in a monthly cycle
• Communicate effectively with brokers
• Build good relationship with internal stakeholders, including Middle Office, Traders, Accounting, Controllers, IT, and other Operations units
• Handle the daily FX trade settlements
• Manage the invoicing of Interest Rates Swaps and Asset Loans
• Potentially other settlements responsibilities as the business necessitates
• Provide regular updates to management
• Analyse and improve existing processes and procedures
• Proactively identify and lead process enhancements
• Opportunity to cross-train in commodity settlements

Requirements:

• Strong attention to detail and accuracy
• Proficient in handling and analysing large datasets
• Demonstrates ownership and commitment to seeing issues through to resolution
• Ability to meet tight deadlines and manage multiple priorities
• Self-motivated and able to work both independently and as part of a team
• Solid understanding of the trade lifecycle, particularly in commodities
• Awareness of operational risk and best practices in risk mitigation
• Strong organizational, time management, and prioritization skills
• Excellent numerical and analytical capabilities
• Advanced proficiency in Microsoft Excel and general systems (experience with ICTS or other CTRM systems is an advantage
• Prior experience in settlements is strongly preferred