JOB TITLE : Middle Office Analyst for Derivatives Trading Desk

JOB PURPOSE SUMMARY : Middle Office Analyst for Derivatives Trading Desk- Responsible for managing derivative exposures, accurate trade capture, reporting & explaining daily Expo and P&L moves to Traders and Management.

PRIMARY ACCOUNTABILITIES:

1. Trader Collaboration: Work closely with derivatives traders to ensure accurate trade capture and management across multiple products and strategies.
2. P&L & Exposure Reporting: Provide daily P&L reporting and risk exposure updates, highlighting key drivers and performance insights for traders and management.
3. Valuation & Forward Curves: Develop and maintain forward curves and valuation models for derivatives, ensuring accurate daily pricing and market reflection.
4. Month-End Closing & Compliance: Manage month-end closing activities, ensuring compliance with internal deadlines and reporting requirements.
5. Validation & Risk Management: Oversee trade validation, stress testing, and back-testing to assess and mitigate risk.
6. Break Resolution: Coordinate with the Back Office to resolve trade breaks and discrepancies, ensuring timely reconciliation.
7. Collaboration with Risk Desk: Support the Quantitative Risk team with data and analysis for daily risk assessments.
8. Process Improvement: Partner with IT/ETRM teams to develop tools for process optimization and workflow efficiency.

EXPERIENCE:

1. 3-4 Years of Relevant Experience: Proven experience in Middle Office, Product Control, or Risk Management within an energy trading environment.
2. Product Knowledge: Solid understanding of paper instruments across various energy products, including Crude, Naphtha, Gasoline, LPG, Middle Distillates, and Fuel Oil.

KNOWLEDGE:

1. Advanced Excel Skills: Strong proficiency in MS Excel; basic knowledge of VBA and SQL is a plus.
2. Paper Contracts Expertise: Solid understanding of paper contracts, including swaps and futures.
3. Oil Options & Valuation: Knowledge of oil options instruments, their valuation methods, and key risk metrics.
4. Derivatives & Oil Markets: Strong understanding of derivatives in the oil markets, including terminology, contracts, data, and market fundamentals.
5. Risk Management Knowledge: Familiarity with the requirements and controls of Risk Management.