At a Glance
- Tasks: Produce daily P&L reports and support the LNG desk with cargo economics and optimisation.
- 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 systems and assist with annual audits.
- Why this job: Be part of a dynamic team that values innovation and offers real-world impact in energy trading.
- Qualifications: 3+ years in LNG/Gas Risk with strong IT skills; degree in a relevant field 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 Slough 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 Slough
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the LNG market. This will not only help you understand the dynamics of pricing but also demonstrate your proactive approach during interviews.
✨Tip Number 2
Network with professionals already working in Middle Office roles or related fields. Engaging in conversations can provide insights into the role and may even lead to referrals, increasing your chances of landing an interview.
✨Tip Number 3
Brush up on your Excel and SQL skills, as these are crucial for the role. Consider taking online courses or tutorials to enhance your proficiency, which can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss complex deal structures and how you would approach P&L monitoring. Having specific examples ready can showcase your expertise and problem-solving abilities during the interview process.
We think you need these skills to ace Middle Officer in Slough
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 knowledge of accounting and financial reporting.
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 Experience:When detailing your work experience, focus on specific achievements related to P&L reporting, risk monitoring, and your ability to communicate effectively with management and front office teams.
Highlight Continuous Learning:Mention any ongoing education or certifications that relate to LNG, energy trading, or financial reporting. This shows your commitment to staying updated in the field and enhances your application.
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 specific examples of how you've used these tools in previous roles, particularly in relation to P&L reporting or market analysis.
✨Demonstrate Market Knowledge
Stay updated on current trends in the LNG and gas markets. During the interview, share your insights on recent market dynamics and how they could impact pricing and risk management. This will show your potential employer that you have a proactive approach to understanding the industry.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think critically about cargo economics and optimisation scenarios. Practice articulating your thought process and decision-making strategies when faced with complex trade situations or market fluctuations.
✨Communicate Clearly and Effectively
Since the role involves communicating P&L and positions to management and front office teams, practice explaining complex concepts in a clear and concise manner. Use examples from your past experience to illustrate how you’ve successfully communicated important information in high-pressure situations.
