At a Glance
- 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 industry 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 Slough employer: Richard James Recruitment Specialists Ltd
As a leading Energy Trading company, we pride ourselves on fostering a dynamic and collaborative work environment where Product Control Analysts can thrive. Our commitment to employee growth is evident through tailored training opportunities in risk management and exposure analysis, alongside the chance to build strong relationships with trading teams. Located in the heart of the UK energy sector, we offer a unique opportunity to engage with cutting-edge trading practices while enjoying a supportive culture that values innovation and teamwork.
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 Slough
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in energy trading. 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 deal life cycle and risk management techniques. We want you to impress with your understanding of the trading environment!
✨Tip Number 3
Showcase your Excel skills! Be ready to discuss how you've used spreadsheets to analyse complex data. We love seeing candidates who can turn numbers into insights.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals to join our team.
We think you need these skills to ace Product Control Analyst (Oil) in Slough
Some tips for your application 🫡
Show Your Understanding of the Role:Make sure to highlight your knowledge of the deal life cycle and how it relates to the responsibilities of a Product Control Analyst. We want to see that you understand the trading environment and can articulate how your experience aligns with the role.
Highlight Relevant Experience:If you've got 1 to 3 years in physical Energy/Commodity Trading, shout about it! We love candidates who can demonstrate their understanding of commodity trading and derivatives. Share specific examples of how you've contributed in previous roles.
Excel Skills are Key:Since strong spreadsheet capability is a must, don’t forget to mention your MS Excel skills. If you've worked with complex data analysis, let us know how you’ve used Excel to draw insights or improve processes.
Apply Through Our Website:We encourage you to apply directly 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!
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 proficiency with examples, it’ll definitely set you apart from other candidates.
✨Build Relationships
The role involves working closely with traders and operations teams, so be prepared to talk about your teamwork experience. Share examples of how you've built strong relationships in previous roles and how you’ve contributed to a collaborative environment. This will highlight your ability to fit into their team dynamic.
✨Show Your Problem-Solving Skills
Be ready to discuss how you've identified and implemented process improvements in your past roles. Think of specific instances where you automated tasks or enhanced reporting processes. This will demonstrate your proactive approach and your ability to add value to the business.
