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Senior Middle Officer - Oil Trading, London
Client:
Eleven
Location:
London, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Views:
2
Posted:
21.03.2025
Expiry Date:
05.05.2025
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.
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.
Minimum Requirements:
* 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.
* Worked with ‘Symphony’ ETRM.
* Experience working with SQL, Python or other coding languages.
Beneficial:
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.
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