At a Glance
- Tasks: Produce daily PnL and risk reports, support trading desks, and enhance reporting platforms.
- Company: Join a leading global energy and commodity trading group with a dynamic culture.
- Benefits: Competitive salary, career growth opportunities, and a collaborative work environment.
- Why this job: Make an impact in the exciting world of energy and commodities trading.
- Qualifications: Bachelor’s degree in a numerate subject and experience in Middle Office or Risk Management.
- Other info: Work with cutting-edge tools and be part of a passionate team focused on risk awareness.
The predicted salary is between 36000 - 60000 £ 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.
- Process improvement mindset.
- Fluent English, speaking and writing.
- Advanced Excel skills, VBA SQL, Python preferred.
- Data visualization experience, Tableau / Dash.
- Passionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.
Quantitative Middle Officer employer: Richard James Recruitment
Contact Detail:
Richard James Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Middle Officer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in energy and commodities. 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. Make sure you can talk confidently about financial derivatives and risk management. We want you to shine when discussing your experience with ETRM systems and data visualisation tools!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to discuss how you've improved processes in past roles. Employers love candidates who can demonstrate a process improvement mindset, especially in a fast-paced trading environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who are eager to make an impact in the trading world.
We think you need these skills to ace Quantitative Middle Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Quantitative Middle Officer role. Highlight your experience in risk management and financial derivatives, and don’t forget to mention any relevant tools like Excel or Python that you’ve used.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the energy and commodities trading sector. Share specific examples of how your skills align with the responsibilities listed in the job description.
Showcase Your Analytical Skills: Since this role involves producing PnL and risk reports, make sure to showcase your analytical skills in your application. Mention any relevant projects or experiences where you’ve successfully analysed data and communicated findings.
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
✨Know Your Numbers
As a Quantitative Middle Officer, you'll be dealing with PnL and risk reports daily. Brush up on your financial derivatives knowledge, especially options and sensitivities. Be ready to discuss how you would break down key drivers of risk and PnL during the interview.
✨Showcase Your Technical Skills
Make sure to highlight your experience with ETRM systems like Openlink or Endur. If you've worked with data visualisation tools like Tableau, mention specific projects where you used these skills to improve reporting processes. This will show that you're not just a numbers person but also tech-savvy.
✨Communicate Clearly
You'll need to explain complex risk profiles to management, so practice articulating your thoughts clearly. Use examples from your past experiences where you had to communicate changes in risk or PnL effectively. This will demonstrate your ability to convey important information succinctly.
✨Emphasise Teamwork and Process Improvement
This role requires collaboration with traders and the tech team. Share examples of how you've worked as part of a team to implement new controls or improve processes. Highlight your self-starter attitude and any initiatives you've taken to enhance efficiency in previous roles.