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- Tasks: Lead the Middle Office for oil trading, managing risks and guiding junior team members.
- Company: Join a dynamic Global Commodities Trading Company based in London.
- Benefits: Excellent career progression, innovative work environment, and collaborative culture.
- Why this job: Be part of an expanding team with opportunities to drive change and enhance reporting.
- Qualifications: 7-8 years in a similar role; Bachelor's degree required; coding skills preferred.
- Other info: Experience with Symphony ETRM and knowledge of regulatory requirements is beneficial.
The predicted salary is between 72000 - 108000 £ per year.
Exciting opportunity to join a Global Commodities Trading Company. The role is based in their London office where you would be part of an expanding team. Excellent opportunities to progress and develop.
Key Responsibilities
- Be the Middle Office lead for all matters relating to trading books run from London.
- Take full risk ownership of complex physical oil product books and develop a deep understanding of the business and associated risks.
- Manage junior team members providing leadership and guidance as necessary.
- Help drive and enhance reporting change and innovation.
- Daily verification of ETRM system exposure and PNL.
- Publish position and PNL daily to traders and executive management.
- Advise traders of daily hedging requirements.
- Work closely with Operations, Claims & Finance to ensure the latest information concerning physical deals is reflected in the system (B/L, density, triggers, costs etc.), and verify any updates to the MTM exposure of physical trades.
- Help develop the company’s monthly reconciliation process between middle office and accounts.
- Work closely with Back Office to ensure positions are reconciled daily.
- Support the local Market risk team in the interpretation and reporting of VAR numbers.
- Help update, maintain and contribute to internal risk control documents.
Essential Qualifications
- Minimum 7-8 years’ experience in a similar middle office or risk role at a physical oil trading company or trading house.
- Educated to Bachelor’s Degree level (2:1 Hons) or higher.
Preferable Qualifications
- Worked with ‘Symphony’ ETRM.
- Experience working with SQL, Python or other coding.
Beneficial Knowledge
- Awareness of regulatory reporting requirements (MiFID).
Personal Skills and Behaviours Required for Success in the Role
- Has strong attention to detail.
- Analytically minded.
- Quick to pick up new processes and complex concepts.
- Good interpersonal skills and ability to build relationships between departments.
Senior Middle Officer - Oil Trading employer: ZipRecruiter
Contact Detail:
ZipRecruiter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Middle Officer - Oil Trading
✨Tip Number 1
Familiarise yourself with the specific ETRM systems mentioned in the job description, particularly 'Symphony'. Understanding how this system works will give you a significant edge during interviews and demonstrate your proactive approach.
✨Tip Number 2
Brush up on your knowledge of regulatory reporting requirements like MiFID. Being able to discuss these regulations confidently will show that you are well-versed in the compliance aspects of oil trading.
✨Tip Number 3
Highlight your experience in managing teams and mentoring junior members. Prepare examples of how you've successfully led teams in the past, as leadership is a key aspect of this role.
✨Tip Number 4
Network with professionals in the oil trading sector, especially those who work in middle office roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals for the position.
We think you need these skills to ace Senior Middle Officer - Oil Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in middle office or risk roles, particularly in physical oil trading. Emphasise your leadership skills and any specific projects that demonstrate your ability to manage complex trading books.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of the oil trading market and how your background aligns with the responsibilities outlined in the job description.
Highlight Technical Skills: If you have experience with Symphony ETRM, SQL, or Python, make sure to mention these skills prominently. Provide examples of how you've used these tools in previous roles to enhance reporting or manage risk.
Showcase Interpersonal Skills: Given the importance of collaboration in this role, include examples of how you've successfully built relationships across departments. Highlight any experiences where your interpersonal skills led to improved processes or outcomes.
How to prepare for a job interview at ZipRecruiter
✨Understand the Role Inside Out
Make sure you have a solid grasp of the responsibilities and requirements outlined in the job description. Familiarise yourself with terms like 'ETRM system', 'PNL', and 'VAR numbers' so you can speak confidently about them during the interview.
✨Showcase Your Analytical Skills
Prepare examples from your past experience that demonstrate your analytical mindset and attention to detail. Be ready to discuss how you've handled complex data or risk assessments in previous roles, especially in oil trading.
✨Highlight Leadership Experience
Since the role involves managing junior team members, be prepared to share instances where you've successfully led a team or provided guidance. Discuss your leadership style and how you foster collaboration between departments.
✨Familiarise Yourself with Relevant Technologies
If you have experience with 'Symphony' ETRM or coding languages like SQL or Python, make sure to mention it. If not, consider brushing up on these technologies to show your willingness to learn and adapt.
