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- Tasks: Analyse and report on trading risks in a dynamic commodities environment.
- Company: Join a leading global energy and commodity trading group.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on innovation and risk awareness.
- Why this job: Make an impact in the fast-paced world of commodities trading.
- Qualifications: Degree in a numerate subject and experience in risk management.
The predicted salary is between 60000 - 80000 £ per year.
Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry! Working as part of the London Middle Office team, responsible for UK and European LNG, Power, Gas, Ags and Oil (Financial) traded products, correct position reporting, pricing and adherence with trading limits, and more.
Principal Duties / Responsibilities:
- Production of a daily PnL and Risk reports for the trading desks (also supporting other desks covering the commodity spectrum, more specifically Ags, LNG, Metals), be able to produce a breakdown and explain key drivers.
- Production of weekly management reporting on all portfolios with concise communication on changes to the risk profiles within the books.
- Development of non-linear risk reporting for option portfolios.
- IPV on prices, and volatility.
- Improvements to enhanced reporting platform and risk decomposition.
- Key point of contact for communicating changes to risk profile to management with clear narrative as to subsequent changes to risk profile and commercial understanding as to reasons for positions.
- Support with complex trade booking.
- Good understanding of financial derivatives including options and option sensitivities.
- Frequent and daily interaction with traders to understand core positions and trading rationale.
- Implement new controls: liaise with tech team to improve and enhance processes.
- Development of enhanced reporting platform.
Skills:
- Educated to bachelor’s degree (or equivalent) level in highly numerate subject (Mathematics, Financial Mathematics, Mathematical Finance, etc.)
- Ability to work as part of a team.
- Ideally 2-5 years’ work-based Middle Office/Product Control/Risk Management experience in a similar role in an Energy/Commodities trading environment.
- Technically competent with ETRM systems and tools; specifically, Openlink/Endur/ICTS.
- Self-starter organized and autonomous.
- Fluent English, speaking and writing.
- Passionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.
Seniority level: Associate
Employment type: Full-time
Job function: Analyst, Finance, and Other
Industries: Oil and Gas, Financial Services, and Investment Banking
Quantitative Middle Office Analyst - Commodities in England 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 Quantitative Middle Office Analyst - Commodities in England
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in commodities or energy trading. A friendly chat can lead to insider info about job openings that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of financial derivatives. Be ready to discuss how you can contribute to risk management and reporting – show them you’re the perfect fit!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that excite you! Use our website to find roles that match your skills and interests. Tailor your approach to each company’s culture and values.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
We think you need these skills to ace Quantitative Middle Office Analyst - Commodities in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Quantitative Middle Office Analyst role. Highlight your experience in risk management and financial derivatives, and don’t forget to mention any relevant ETRM systems you’ve worked with!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about commodities trading and how your skills align with the responsibilities listed in the job description. Keep it concise but impactful.
Showcase Your Analytical Skills: In your application, be sure to showcase your analytical skills and experience with PnL reporting and risk analysis. Use specific examples to demonstrate how you've successfully managed risk in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Richard James Recruitment Specialists Ltd
✨Know Your Numbers
As a Quantitative Middle Office Analyst, you'll be dealing with PnL and risk reports daily. Brush up on your financial mathematics and be ready to discuss how you would analyse key drivers behind these numbers. Show them you can break down complex data into understandable insights.
✨Understand the Trading Environment
Familiarise yourself with the commodities market, especially LNG, Power, Gas, and Ags. Be prepared to discuss recent trends or news that could impact trading decisions. This shows your passion for the industry and that you're not just another candidate.
✨Communicate Clearly
You'll need to convey changes in risk profiles to management effectively. Practice explaining complex concepts in simple terms. During the interview, demonstrate your ability to communicate clearly and concisely, as this is crucial for the role.
✨Show Your Technical Skills
Since the role requires familiarity with ETRM systems like Openlink/Endur, make sure you highlight any relevant experience. If you’ve worked with similar tools, be ready to discuss specific projects or tasks where you used them to improve processes or reporting.