Middle Officer Trade Officer Derivatives Trading Jobs in Dubai
Location: Dubai United Arab Emirates
Industry: Commodity Trading / Derivatives
Job Type: FullTime
Reports To: Head of Trading Operations / Risk Manager
Job Description
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 backoffice teams to ensure operational accuracy valuation integrity and risk compliance.
Key Responsibilities
Trade Capture & Validation
- 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.
P&L & Exposure Reporting
- 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.
Valuation & Curve 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.
Risk Analysis & Support
- Conduct stress testing scenario analysis and backtesting of derivative positions.
- Collaborate with the Quantitative Risk team to provide data and analysis for daily risk reports.
MonthEnd Closing & Compliance
- Lead monthend processes ensuring accurate reporting and compliance with deadlines.
- Ensure data integrity and support audit and compliance checks when required.
Break Resolution & Operations Oversight
- Liaise with the Back Office to investigate and resolve trade breaks and booking discrepancies.
- Support the implementation of best practices in trade lifecycle management.
Process Optimization & System Enhancements
- Work with the IT/ETRM teams to enhance tools automate workflows and streamline middle office processes.
- Identify opportunities for efficiency and operational risk reduction.
Candidate Requirements
Education & Certification
- Bachelors degree in Finance Economics Engineering Mathematics or a related field.
Experience
- 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.
Technical Knowledge
- 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.
Skills & Competencies
- Detailoriented with strong analytical and problemsolving 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.
Benefits & Compensation
- Competitive taxfree 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.
Similar Job Titles in Dubai
- Derivatives Middle Office Analyst
- Product Control Analyst Commodities
- Risk Analyst Trading Desk
- Trade Officer Oil Derivatives
- P&L and Valuations Analyst Energy Sector
To Apply
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