Senior Middle Officer - Oil Trading

Job Description

Senior Middle Officer – Oil Trading

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.