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- Tasks: Support trading teams by ensuring accurate exposure and profit/loss reporting.
- Company: Leading Energy Trading company operating in the UK and Europe.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for growth.
- Other info: Opportunity to automate processes and enhance risk monitoring tools.
- Why this job: Dive into the exciting world of energy trading and develop essential risk management skills.
- Qualifications: 1-3 years in energy/commodity trading, strong Excel skills, and teamwork ability.
The predicted salary is between 45000 - 55000 £ per year.
Our client is a leading Energy Trading company who trade crude oils and refined products in the UK and Europe as well as a range of paper derivative products such as swaps, futures and options. The Product Control Analyst will be expected to work closely with the trading teams and other Product Control Analysts on the desk to develop an understanding of the portfolios managed by the traders, and to ensure that exposure and daily mark-to-market reporting are accurate, timely and informative. This key role is aimed at supporting the control activities on each desk including calculating an independent view of exposure and supporting daily profit and loss generation when required, and will provide the Product Control Analyst with a detailed understanding of the businesses undertaken by the business. The role should also provide an opportunity to learn and develop skills in the identification, assessment and implementation of risk management techniques and strategies. It will also include assisting with finessing processes associated with SAP, the Risk system of record, to ensure smooth and efficient daily processing.
RESPONSIBILITIES:
- Understanding the deal life cycle and keeping track of deals through systems to ensure the accuracy of exposure, VaR and P&L reporting.
- Building strong relationships with the trading and operations teams and developing the role into a recognised advisory resource for the business.
- Enhancing risk monitoring and evaluation tools for the physical business.
- Leverage knowledge gained to deliver value-add analyses to the business.
- Ensure timely and accurate reporting of exposure from first principles data and profit and loss from systems of record.
- Ensure accurate base data in system of record including prices and volumes of trade.
- Liaise closely with traders, operators, finance and other Product Control Analysts to ensure smooth transitions between back/middle and front offices.
- Seek to automate manual tasks and seek process improvements to allow earlier production of daily information and improved reconciliations to earnings.
CANDIDATE PROFILE:
- 1 to 3 years’ experience within physical Energy/Commodity Trading, in a trading house, bank or financial environment.
- Understanding of end-to-end physical trade lifecycle.
- Knowledge and experience of commodity trading including swaps and other derivative products would be an advantage.
- Excellent spreadsheet capability in MS Excel.
- Strong mathematical skills particularly in terms of analysis of complex data to be able to draw clear and accurate solutions.
- Strong team-working ability - able to work in a dynamic small team and be able to provide cover for the other team members.
- Knowledge of SAP would be advantageous.
Product Control Analyst (Oil) in City of London employer: Richard James Recruitment Specialists Ltd
Contact Detail:
Richard James Recruitment Specialists Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Control Analyst (Oil) in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in energy trading. Use platforms like LinkedIn to connect and engage with professionals. A friendly chat can sometimes lead to job opportunities that aren't even advertised!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the deal life cycle and risk management techniques. Be ready to discuss how you can add value to the team and improve processes. Show them you're not just a candidate, but a potential asset!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing the job! We love seeing candidates who take the initiative to engage directly with us. Plus, it makes tracking your application easier for both you and us!
We think you need these skills to ace Product Control Analyst (Oil) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Product Control Analyst. Highlight your experience in energy trading and any relevant skills, like your Excel prowess and understanding of the trade lifecycle. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the energy trading sector and how your background aligns with our needs. We love seeing enthusiasm and a clear connection to the role.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight any relevant projects or experiences where you've successfully tackled complex data. We’re looking for those strong mathematical skills that can help us make informed decisions.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Richard James Recruitment Specialists Ltd
✨Know Your Stuff
Make sure you understand the deal life cycle and the specifics of commodity trading, especially in oil. Brush up on your knowledge of swaps, futures, and options, as well as how they relate to the role. This will show that you're not just interested in the job, but that you’re genuinely engaged with the industry.
✨Excel at Excel
Since strong spreadsheet skills are a must, practice using MS Excel before your interview. Be ready to discuss how you've used Excel in past roles, particularly for data analysis or reporting. If you can demonstrate your ability to manipulate complex data, you'll stand out from the crowd.
✨Build Relationships
The role involves liaising closely with traders and other teams, so be prepared to talk about your teamwork experience. Share examples of how you've built strong working relationships in previous roles, and how you can bring that collaborative spirit to their team.
✨Show Your Problem-Solving Skills
Think of specific instances where you've identified inefficiencies or improved processes in your past work. Be ready to discuss how you approached these challenges and what the outcomes were. This will highlight your proactive attitude and your ability to contribute to process improvements in their operations.