Commodities Portfolio Pricing & Valuations Specialist

Millennium Management; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the financial sector is seeking a Commodities Portfolio Pricing & Valuations Specialist to enhance their pricing and valuation efforts across the EMEA region. The role involves developing a cutting-edge pricing platform and collaborating with various teams to ensure data integrity and advance pricing methodologies. Ideal candidates will have a strong background in mathematics, economics, or engineering, with significant experience in commodities trading and risk management.

Qualifications

• 5+ years of experience in trading, structuring, or quant risk roles covering commodities.
• Knowledge of European power and gas is advantageous.

Responsibilities

• Lead development of a real-time pricing, risk, and P&L platform for commodities.
• Collaborate with cross-functional teams to improve pricing methodologies.

Skills

Analytical

Problem Solving

Communication

Education

Bachelor’s degree in Mathematics

Bachelor’s degree in Economics

Bachelor’s degree in Engineering

Tools

Endur

ETRM

Job description

Commodities Portfolio Pricing & Valuations Specialist

The successful candidate will join the global Commodities Portfolio Pricing and Valuations team to lead pricing and valuations efforts in the EMEA region. The role involves developing and maintaining a cutting-edge real-time pricing, risk, and P&L platform for commodities, while analyzing and implementing new pricing models and ensuring data integrity. The candidate will also need to collaborate with cross-functional teams and stakeholders to advance pricing methodologies, portfolio valuation, and system workflows.

Principal Responsibilities

• Play a key role in the development and maintenance of a best-in-class real-time pricing, risk and p&l platform for Commodities
• Analyse, design and productionize new pricing models and present proposals to senior stakeholders
• Manage existing data and system workflows and build relevant controls to ensure the integrity of real-time p&l and risk representation
• Work with PMs for pricing support and general portfolio valuation queries including reviewing curve construction, interpolation methods or market data quality
• Contribute to the ongoing improvement of intraday/EOD marking and P&L explain methodologies,
• Act as representative of the Pricing and Valuation team in specific business development, analytics, market data or technology projects
• Collaborate with Portfolio Managers, Quant Research, Risk, Middle Office, Operations and various Technology and Data teams to advance the real-time pricing and valuations framework

Qualifications/Skills

• Bachelor’s degree in Mathematics, Economics, Engineering or a related field
• 5+ years of experience in a trading, structuring, quant risk or related role covering commodities, knowledge of European power and gas advantageous
• Experience with pricing and modelling commodity physical and/or derivative products, good understanding of market risk fundamentals
• Knowledge of non-linear/option products a strong plus
• Good understanding of Fair Value and derivative recognition concepts
• Endur/ETRM knowledge advantageous, but not essential
• Solid understanding of trade lifecycle, ability to deep dive into system and data flows
• Strong analytical, problem solving skills and attention to detail
• Ability to prioritize and deliver effectively in a fast-paced and dynamic environment
• Strong communication and interpersonal skills, with the ability to work collaboratively as part of a global team.