ETRM Business Analyst

JR United Kingdom; London; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

A prominent commodity trading firm is seeking an experienced ETRM Business Analyst to join its dynamic trading hub. This hybrid role focuses on infrastructure upgrades and the migration from a legacy ETRM system to Aspect. You will collaborate with various teams to enhance system capabilities and ensure seamless integration across trading operations. If you possess a strong understanding of commodity trading risk and have hands-on ETRM experience, this opportunity offers a competitive salary and benefits in a vibrant work environment.

Qualifications

• Strong understanding of physical and financial commodity trading.
• Experience with ETRM migrations, ideally from legacy systems to Aspect.

Responsibilities

• Review and validate contract configurations within the ETRM system.
• Ensure accurate risk decomposition for pricing models and trade lifecycle.

Skills

Commodity Trading Knowledge

ETRM Systems Experience

Risk Assessment

Cross-Functional Collaboration

Financial Instruments Proficiency

Job description

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A prominent commodity trading firm is offering the opportunity for an experienced ETRM Business Analyst to join its vibrant and fast-paced trading hub. This is a key role in driving infrastructure upgrades, with a particular focus on the migration from a legacy ETRM system to Aspect, while also resolving issues related to contract and trade configurations.

You will collaborate closely with teams across Product Control, IT, and ETRM ownership to improve system capability and ensure seamless integration across trading operations.

Key Responsibilities:

• Review and validate contract configurations within the ETRM, ensuring accurate set-up of critical trading parameters (e.g. unit of measure, expiry profiles, price feeds, pricing structures).
• Carry out full lifecycle validation of trades across futures, forwards, and swaps.
• Ensure accurate risk decomposition for formula-based pricing models, including correct equivalence for blended pricing structures.
• Develop and test files for downstream integration to support Market Risk teams with implementation and validation.
• Validate trade lifecycle processes to ensure precise risk and valuation assessments.
• Apply and interpret future-equivalent views, fixing mechanisms, and pricing risks appropriately.
• Ensure risk decomposition aligns with sound financial modelling practices (e.g. proper exposure allocation for blended pricing).
• Actively challenge existing procedures, identify and escalate issues, and contribute expertise to enhance system functionality and risk processes.

Key Requirements:

• Strong understanding of both physical and financial commodity trading.
• Asset Classes: Emissions, LNG, EU Gas, US Gas, Crude, Distillates, Base Metals, Precious Metals.
• Physical Trading: Experience with storage, pipelines, refining, vessels, and freight (including crude, distillates, LNG).
• Financial Instruments: Proficiency in futures, swaps, forwards, float/float and fixed/float structures.
• In-depth knowledge of contracts, benchmarks, pricing mechanisms, and trading workflows.
• Previous experience in ETRM migrations, ideally involving transition from a legacy platform to Aspect.
• Demonstrated ability to work cross-functionally with Product Control, IT, and ETRM stakeholders to drive system optimisation.

This is a hybrid role 2/3 days into the London office with a salary up to £120k and competitive wider benefits.

If you are a detail-oriented analyst with a strong understanding of commodity trading risk and hands-on experience in ETRM systems, particularly Aspect, please apply now!