Middle Officer

LME Trading DMCC; Dubai; On-site; AED 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Middle Office Analyst for its Derivatives Trading Desk. This role is pivotal in managing derivative exposures, ensuring accurate trade capture, and providing insightful P&L reporting. The ideal candidate will collaborate closely with traders, oversee risk management processes, and contribute to process improvements in a dynamic trading environment. With a focus on energy products, this position offers a unique opportunity to engage with key market instruments and enhance reporting efficiencies. If you thrive in a fast-paced setting and possess a solid understanding of derivatives, this is the perfect chance to make a significant impact.

Qualifications

• 3-4 years of experience in Middle Office, Product Control, or Risk Management.
• Solid understanding of paper instruments in energy trading.

Responsibilities

• Manage derivative exposures and ensure accurate trade capture.
• Provide daily P&L reporting and risk exposure updates.
• Develop forward curves and valuation models for derivatives.

Skills

Middle Office Experience

Risk Management

Trade Validation

Advanced Excel Skills

Knowledge of Oil Markets

Tools

MS Excel

VBA

SQL

Job description

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 :

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

EXPERIENCE :

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

KNOWLEDGE :

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