Crude Oil & Refined Products Product Control Analyst, Dubai (DIFC) Based

Bramwith Consulting; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A commodity trading arm of an Oil & Gas Major seeks a Product Control Analyst in Dubai. Candidates must have over 5 years of experience in oil trading and proficiently evaluate daily P&L and market exposures. This role requires expertise in trading systems and a strong grasp of financial controls. Fluency in English is essential, and knowledge of Arabic is desirable. Competitive salary offered.

Qualifications

• 5+ years experience on a commodity trading floor working for an Oil Major or large commodity trader.
• Strong understanding of accounting principles and financial controls.
• Ability to work in a fast-paced, early-stage trading organization.

Responsibilities

• Daily P&L evaluation and reporting for trading books.
• Evaluate and report exposure to market price risk.
• Challenge traders on MTM choices and ensure fair valuation.
• Support the finance team with month-end close processes.
• Work with back-office finance to confirm booking of new transactions.
• Provide consolidated performance commentary for management.

Skills

Crude Oil & Refined Products knowledge

ETRM / CTRM proficiency

Excel

VBA

Python

Power BI

Fluency in English

Fluency in Arabic

Job description

Bramwith Consulting

Crude Oil & Refined Products Product Control Analyst - Dubai (DIFC) Based - AED 25-34k PCM

Company: Commodity trading arm of Oil & Gas Major

Location: Dubai (DIFC)

Money: AED 25k-34k PCM

Key experience: 5 years+ Oil Trading Product Control Analysis experience

Working for an Oil Major, large commodity trader or NOC (with a developed supply and trading function).

Asset-backed commodity trading arm of a Global leading Oil & Gas Major seeks a Crude Oil & Refined Products Product Control Analyst to join in their HQ / sole office based in DIFC in Dubai (UAE).

You will ideally already be living and settled in Dubai, or possibly Abu Dhabi, although my client will relocate an outstanding Oil Trading Product Control Analyst from other major trading hubs (London, Geneva, Singapore, Houston etc). They will also sponsor your Emirates ID and help with relocation.

You will be joining an Oil Trading business who has been trading for 18 months now and recently moved from back-to-back trading to hedged / risk based trading. They are going through rapid growth and are looking for several key hires to help them continue their Dubai trading desk expansion but with big plans for setting up new offices / trading desks in Singapore and Geneva and expansion into other commodities (Natural Gas, LNG etc) as well.

Reporting into the Head of Risk, the successful Product Control Analyst will be responsible for the evaluation and reporting of the daily P&L of all trading activities, as well as the valuation of the contracts, markets and hedging instruments that sit behind them.

Key Responsibilities

• Daily P&L evaluation and reporting for all trading books and strategies, including the attribution of that P&L to change in market prices, new transactions and other portfolio updates typical of a waterborne cargo trading organisation.
• Evaluating and reporting the exposure of each book to market price risk, including aggregation and presentation in commonly traded spread and outright views.
• Challenge traders on their MTM choices by ensuring the fair valuation.
• Reconcile OTE and Open position with the clearer and confirm daily Margin Calls (IM & VM).
• Support the finance team with a month end close process, owning and providing trade and contract valuations, as well as inventories and trade accruals as necessary.
• Working with the back-office finance team, review and confirm booking of new physical transactions in the ETRM system, verifying terms including pricing rules and terms.
• Provide consolidated performance commentary for senior management as well as audit and risk committee, summarising key drivers of P&L over a week / month and positions taken.
• Establishing valuation approaches for the product trades, including forward price and basis curve construction, as well as independent price verification (IPV) process around it.
• Identify and implement process improvements, collaborate with IT teams to optimize the use of trading systems and reporting tool.

Key Skills & Experience :

• 5 years + experience working directly on a commodity trading floor preparing daily exposure and P&L (no service centre) for an Oil Major, large commodity trader or NOC (with a developed supply and trading function) - 100% ESSENTIAL
• Strong Crude Oil & Refined Products knowledge and experience
• Proficiency in trading systems (ETRM / CTRM), Excel, VBA, Python and Power BI is a plus.
• Ability to work in a fast moving, early stage trading organisation, supporting growth whilst ensuring control and risk management objectives are met.
• Strong understanding of accounting principles, financial controls, and compliance.
• Fluency in English is essential with any fluency in Arabic being highly desirable

Please e-mail me (Ben) for more information at