At a Glance
- Tasks: Produce daily P&L reports and support the LNG desk with cargo economics.
- Company: Join a leading energy trading company focused on LNG and gas markets.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Other info: Collaborate with IT to enhance our ETRM system and assist with audits.
- Why this job: Be part of a dynamic team that values innovation and market insights.
- Qualifications: 3+ years in LNG/Gas Risk; strong IT skills in Excel & SQL required.
The predicted salary is between 48000 - 72000 £ per year.
About the Role
SOCAR Trading is looking for a Middle Officer to join its Middle Office team in London. This role will support the daily risk management of trading books, working closely with traders and key internal stakeholders to ensure accurate profit and loss, exposure, position and price reporting across physical and paper trading activity.
The successful candidate will develop a strong understanding of the books under their responsibility and act as a reliable point of contact for traders, supporting robust controls, accurate reporting and continuous improvement across Middle Office processes.
Key Responsibilities
- Review post-deal P&L, perform variance analysis and investigate trading P&L estimates.
- Produce daily commentary explaining changes in trading profit and loss.
- Prepare daily and monthly P&L, price, exposure and position reporting for trading desks, covering physical and paper positions.
- Monitor trade input, positions, costs and estimates, escalating any issues in line with the management and risk framework.
- Analyse exposure, VaR and mark-to-market profit and loss across physical and derivative portfolios.
- Understand contractual risks and their impact on physical deliveries and hedging strategies.
- Control and validate forward curves, premiums and market data inputs into the ETRM system.
- Support Front Office and Financial Accounting reconciliation processes.
- Work with IT, Back Office, Operations, Front Office, Internal Control and other stakeholders to improve data accuracy, reporting, automation and controls.
- Contribute to efficiency and control projects across the Middle Office and Risk agenda.
Candidate Profile
- Bachelor’s or Master’s degree in a scientific, mathematical, engineering, accounting, economics or related discipline.
- 2-3 year experience, with at least a first experience in Middle Office, ideally within a commodity trading or risk management environment.
- Knowledge of physical oil markets, including crude, gasoline, naphtha, middle distillates or biofuels.
- Understanding of risk management concepts, exposure reporting, VaR, options trading and Greeks.
- Experience with ETRM systems; TPT experience would be an advantage.
- Strong analytical mindset with the ability to interpret market, position and P&L movements.
- Proficient IT skills, particularly Excel/VBA, SQL and BI tools such as Power BI or Tableau.
- Fluent English communication skills, with the ability to work effectively with traders and cross-functional teams.
What We Are Looking For
We are looking for a precise, proactive and collaborative individual who takes ownership of their work, communicates clearly and enjoys working in a fast-paced trading environment. The ideal candidate will combine strong analytical skills with attention to detail, curiosity and the ability to build trusted relationships with internal stakeholders.
Middle Officer in London employer: SOCAR Trading
SOCAR Trading is an exceptional employer that fosters a collaborative and dynamic work environment in the heart of London. With a strong emphasis on employee development, we offer numerous growth opportunities and encourage continuous learning, making it an ideal place for professionals seeking to enhance their skills in risk management and trading operations. Our commitment to robust controls and accurate reporting ensures that every team member plays a vital role in our success, while the vibrant culture of teamwork and innovation makes working here both meaningful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Middle Officer in London
✨Tip Number 1
Familiarise yourself with the latest trends in LNG and gas markets. Understanding current market dynamics will not only help you during interviews but also demonstrate your proactive approach to staying informed.
✨Tip Number 2
Network with professionals in the LNG and Middle Office sectors. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your Excel and SQL skills, as these are crucial for the role. Consider taking online courses or tutorials that focus on advanced functions and data analysis to enhance your technical proficiency.
✨Tip Number 4
Prepare to discuss complex deal structures and how you would handle them. Think of examples from your past experience where you successfully managed similar challenges, as this will showcase your problem-solving abilities.
We think you need these skills to ace Middle Officer in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in LNG, Gas Risk, or Middle Office functions. Emphasise your strong IT skills, particularly in Excel and SQL, as well as any experience with ETRM or CTRM systems.
Craft a Compelling Cover Letter:In your cover letter, explain why you are interested in the Middle Officer position. Discuss your understanding of physical markets and how your background aligns with the responsibilities outlined in the job description.
Showcase Relevant Skills:When detailing your experience, focus on specific tasks that relate to the job, such as producing P&L reports, monitoring risk limits, or developing tools for P&L queries. Use quantifiable achievements where possible.
Proofread Your Application:Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the role of a Middle Officer.
How to prepare for a job interview at SOCAR Trading
✨Showcase Your Technical Skills
Make sure to highlight your strong IT skills, especially in Excel and SQL. Be prepared to discuss how you've used these tools in previous roles, particularly in relation to P&L reporting and market analysis.
✨Demonstrate Market Knowledge
Stay updated on current LNG and gas market trends. During the interview, share your insights on recent market dynamics and how they could impact pricing and risk management.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to run cargo economics and optimisation scenarios. Think of examples from your past experience where you successfully managed complex trades or improved processes.
✨Communicate Clearly
Effective communication is key, especially when discussing P&L and positions with management. Practice explaining complex concepts in a straightforward manner, as this will demonstrate your ability to convey important information clearly.
