Middle Office Senior Analyst (Trading) (m/f/d) in London

Senior analyst within the Middle Office who will be involved across the full range of aspects of the team's activities, with an expectation of shaping, focusing and improving the business processes, with responsibility for the accurate, independent reporting of daily economic Gross Margin, open financial & physical exposures and attribution/commentary thereof daily. This is coupled with the generation of an accurate monthly IFRS-compliant Gross Margin, along with the full reconciliations vs the Economic revaluations. Additional accountability includes the direct support of the commercial aims of the company by designing and delivering new product / commodity onboarding within the parameters of the DLC, provision of ad-hoc analysis, support, challenge & corroboration with the commercial teams supported and proactively & continuously identifying and implementing efficiency and control improvement initiatives. The role also includes accountability for supporting the junior members of the Middle Office team with daily operational challenges and sharing business knowledge.

WHAT WILL YOU DO

• Independent generation of a T+1 daily economic P&L revaluation, physical & financial exposure reporting and full attribution thereof linking back to underlying market and position changes, working within the parameters of the middle office policies and frameworks.
• Conduct any ad‑hoc/one‑off portfolio analysis upon both the Front Office or any other Support Function requests with regards to both the economic and IFRS valuation impact of new commercial transactions/hedging strategy, coupled with the creation of both periodic and ad‑hoc Middle Office reports for senior management, along with acting under delegation where required for the Middle Office Team Lead.
• Preparation of monthly IFRS compliant portfolio valuations, ensuring full understanding of any variances to the daily Economic P&L, adhering to the appropriate accounting frameworks.
• Proactively identifying and prioritising IT‑supported initiatives and end‑user tactical solutions to improve team efficiencies and reduce operational risk and controls.
• Implementing end‑user tactical solutions, along with sufficient controls and governance around their usage.
• Work closely with the Commercial Teams, both providing ad hoc independent challenge to/support of the commercial functions and facilitating & supporting new business and operational readiness ventures, generating ideas to solve problems while adhering to the DLC framework.
• Work closely with other core Risk functions, ensuring alignment and consistency on risk treatment, and with Finance/Tax, ensuring alignment on month‑end IFRS reporting.
• Regularly review the existing Reporting & Control system in the light of the ever‑changing nature of the portfolio and external market conditions.
• Generating and maintaining appropriate methodology documentation for all process deliverables.
• Solid representation of the Middle Office.

WHAT WILL YOU BRING

• Bachelor's degree or similar qualification.
• Experience within a Middle Office/Risk function experience within commodities trading is mandatory, coupled with sound knowledge of Middle Office best practices across the Deal Lifecycle.
• Exposure to economic valuation principles of one or more of the following is mandatory; Natural Gas, LNG, Power or Oil.
• Prior direct experience of Non‑Linear valuation principles and the greeks is desired.
• Excellent communication skills are essential given the interaction across a broad range of stakeholders.
• Proactive self‑starter attitude, with a proven record of delivering system and process improvements.
• Solid understanding of the global energy markets and key drivers of price change.
• Ability to conduct high‑calibre deliveries in a timely manner in a fast‑growing working environment; foster feasible albeit robust solution to problems within the imparted timeline.
• Solid analytical skills are a must, facilitating concise report generation for senior management and other stakeholders.
• Coding skills (Python, VBA) are desired but not essential.

ABOUT US

SEFE is an international energy company anchored in Europe, delivering energy solutions that ensure reliable and affordable supply. Our activities span the entire energy value chain – from origination and trading to sales, transport and storage. With decades of trading expertise and a growing LNG portfolio, SEFE is one of Europe’s leading suppliers to industrial customers, providing more than 200 TWh of gas and power each year. We supply over 50,000 clients, from small businesses to municipalities and multinational organisations. By investing in clean energies, we support our customers on their decarbonisation journey and contribute to the energy transition. SEFE employs over 2,000 people worldwide and is owned by the Federal Government of Germany. Securing energy – now and for the future.

OUR BENEFITS

We’re committed to creating an inclusive environment that embraces diversity and fosters the development of knowledge, skills, and experience. Whatever your role, you’ll find an open, welcoming atmosphere that empowers you, and recognises your contribution. In return we offer a competitive starting salary supported by a comprehensive range of financial, lifestyle and wellness benefits with the flexibility to follow a hybrid working model.

• Bonus earning potential.
• Non‑contributory pension with 10% employer contribution.
• 25 days holiday plus bank holidays and volunteering days.
• Buy/sell holidays.
• Life assurance.
• Medical and dental insurance (family cover).
• Range of optional flexible benefits.

We are committed to supporting your career growth with opportunities to develop both your knowledge and experience through a blended approach to learning.