Location: Dubai, United Arab Emirates
Industry: Commodity Trading / Derivatives
Job Type: Full-Time
Reports To: Head of Trading Operations / Risk Manager
A prominent commodity trading firm in Dubai is seeking a Middle Office Analyst to support their Derivatives Trading Desk. This role is responsible for managing derivative exposures, ensuring accurate trade capture, and producing daily P&L and exposure reports. The successful candidate will work closely with traders, risk managers, and back-office teams to ensure operational accuracy, valuation integrity, and risk compliance.
Work directly with derivatives traders to ensure accurate trade input, updates, and lifecycle management.
Manage trade validation and reconciliation of derivative transactions across multiple products and strategies.
Prepare and deliver daily P&L reports and exposure updates, identifying key drivers behind P&L movements.
Provide actionable insights and variance analysis to traders and senior management.
Develop, maintain, and apply valuation models and forward curves for derivative instruments.
Ensure daily pricing reflects accurate market values and complies with internal policies.
Conduct stress testing, scenario analysis, and back-testing of derivative positions.
Collaborate with the Quantitative Risk team to provide data and analysis for daily risk reports.
Lead month-end processes, ensuring accurate reporting and compliance with deadlines.
Ensure data integrity and support audit and compliance checks when required.
Liaise with the Back Office to investigate and resolve trade breaks and booking discrepancies.
Support the implementation of best practices in trade lifecycle management.
Work with IT/ETRM teams to enhance tools, automate workflows, and streamline middle office processes.
Identify opportunities for efficiency and operational risk reduction.
Bachelors degree in Finance, Economics, Engineering, Mathematics, or a related field.
Minimum 3 to 4 years of experience in Middle Office, Product Control, or Risk Management in an energy trading environment.
Familiarity with ETRM systems, derivative products, and commodity trading workflows.
Strong Excel proficiency (pivot tables, lookups, basic modeling).
Knowledge of VBA and SQL is a plus.
Solid understanding of paper contracts (swaps, futures) and oil options valuation.
Familiarity with Crude, LPG, Naphtha, Gasoline, Middle Distillates, and Fuel Oil markets.
Detail-oriented with strong analytical and problem-solving abilities.
Excellent communication skills to work across trading, risk, and operations teams.
Proven ability to work under pressure and meet deadlines.
Understanding of risk metrics and controls relevant to trading operations.
Competitive tax-free salary in Dubai.
Medical insurance, annual leave, and other benefits in accordance with UAE labor law.
Opportunity to work with a leading derivatives trading desk in the region.
Please fill in all the fields and submit your CV to this job post.
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