Middle Office Analyst

Repsol SA; Madrid; Híbrido; EUR 42.000 - 60.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Permanent contract

Bonus according to objectives

Medical insurance

Pension plan

Digital disconnection

Conciliation measures

Legal advice

Employee support services

Descripción de la vacante

Repsol SA in Madrid seeks a Middle Office Analyst to support Wholesale Gas, LNG and Power trading, ensuring trade integrity, risk reporting and valuation across the lifecycle.

Suitable candidates have a bachelor’s degree in finance or related field, 1–3 years in energy trading or middle office, strong Excel skills, and excellent communication to liaise with Front Office, Risk and Back Office.

Formación

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Business, Energy Management, or a related discipline.
• 1–3+ years in energy trading, middle office, risk management or related commercial support functions.
• Understanding of physical and/or financial gas, LNG, power, or commodity trading markets.
• Experience working with trading and risk management systems (ETRM experience preferred).
• Strong Excel capabilities.

Responsabilidades

• Support daily middle office activities including position validation, exposure monitoring, P&L reconciliation, valuation review, and risk reporting.
• Validate trade capture and ensure the accuracy and completeness of transactions across trading systems.
• Analyze and explain daily profit and loss movements, market exposures, and valuation changes.
• Monitor compliance with risk limits, trading mandates, and internal control requirements, escalating issues where appropriate.
• Investigate and resolve trade, pricing, position, or settlement discrepancies in collaboration with Front Office and Back Office teams.
• Produce regular management reporting related to market risk, trading performance, exposures, and operational KPIs.
• Support month-end, quarter-end, and audit processes by providing analysis and documentation as required.
• Identify opportunities to improve processes, controls, reporting, and automation within the middle office function.
• Participate in the implementation of new products, markets, systems, and business initiatives, including the expansion of Power Trading activities.
• Build strong working relationships with traders, risk managers, operations, finance, and technology teams to support effective front-to-back business management.

Conocimientos

Analytical thinking

Problem solving

Excel advanced

Communication

Stakeholder management

Educación

Bachelor's degree or higher

Herramientas

ETRM system

Descripción del empleo

We explore and discover the limitless possibilities of energy so we can all progress. We believe in the power of talent to shape the future. That’s why we’re looking for curious, bold individuals who are eager to grow and create new ways forward—people who want to join us in building a more sustainable, innovative, and inclusive world. We strongly believe that diversity fuels creativity and innovation. That’s why we welcome professionals who are ready to grow, learn, and bring their perspective to the energy challenges of today and tomorrow. Here, you’ll find a place to grow and unlock your full potential.

Key information

Team: Wholesale Gas and LNG
Location: Madrid, Spain
Experience level: 1-3 years
Job type: hybrid

Requirements: English B2 or higher + Bachelor's degree or higher.

The team you are joining Reporting to the Manager, Middle Office and Structuring Analysts, the Middle Office Analyst will play a key role in supporting the Wholesale Gas, LNG, and Power Trading business by ensuring the integrity of trading activity, risk reporting, valuation processes, and operational controls across the trade lifecycle.

Acting as a critical link between Front Office, Risk, Back Office, and support functions, this position is responsible for monitoring exposures, validating positions and P&L, supporting risk reporting, investigating discrepancies, and driving continuous improvements to trading processes and controls.

The successful candidate will possess strong analytical and problem‑solving skills, a solid understanding of energy trading markets, and the ability to work effectively in a fast‑paced and evolving trading environment.

Main tasks

• Support daily middle office activities including position validation, exposure monitoring, P&L reconciliation, valuation review, and risk reporting.
• Validate trade capture and ensure the accuracy and completeness of transactions across trading systems.
• Analyze and explain daily profit and loss movements, market exposures, and valuation changes.
• Monitor compliance with risk limits, trading mandates, and internal control requirements, escalating issues where appropriate.
• Investigate and resolve trade, pricing, position, or settlement discrepancies in collaboration with Front Office and Back Office teams.
• Produce regular management reporting related to market risk, trading performance, exposures, and operational KPIs.
• Support month‑end, quarter‑end, and audit processes by providing analysis and documentation as required.
• Identify opportunities to improve processes, controls, reporting, and automation within the middle office function.
• Participate in the implementation of new products, markets, systems, and business initiatives, including the expansion of Power Trading activities.
• Build strong working relationships with traders, risk managers, operations, finance, and technology teams to support effective front‑to‑back business management.

What we offer

• Permanent contract
• Bonus according to objectives
• Medical insurance
• Contribution to pension plan
• Digital disconnection
• Conciliation measures
• Legal advice
• Employee support services

You will fit the position if Bachelor's degree in Finance, Economics, Engineering, Mathematics, Business, Energy Management, or a related discipline.

1-3+ years of experience in energy trading, commodity trading, middle office, risk management, trade control, or related commercial support functions.

Understanding of physical and/or financial gas, LNG, power, or commodity trading markets.

Experience working with trading and risk management systems (ETRM experience preferred).

Strong analytical and quantitative skills with advanced Excel capabilities.

Ability to analyze large datasets and identify trends, anomalies, and risks.

Excellent communication and stakeholder management skills with the ability to interact effectively across Front Office, Risk, Finance, and Operations.

Demonstrated attention to detail, strong organizational skills, and a commitment to maintaining a robust controls environment.

Excellent written and verbal communication skills

At Repsol, more than 24,000 people work with full energy to help build the future. We are a global multi‑energy company undergoing a profound transformation, where talent, curiosity and a drive to move forward are at the core of who we are. Here, you will find challenging projects, diverse and international teams, and the opportunity to be part of a real energy transition, driven by innovation, technology and people. We believe in an inclusive, flexible and collaborative environment where every idea counts and every person makes a difference. This is an exciting time for us: if you are inspired by challenges, driven by purpose and eager to grow in a project with real impact, this is the place for you. Now more than ever, we need energy like yours.

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