Market Risk Senior Commodities BA

Luxoft; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior ETRM Specialist to lead the migration from legacy systems to a modern platform. This role involves validating configurations, ensuring compliance with trading behaviors, and providing insights into risk management. The ideal candidate will have a deep understanding of commodities trading, asset classes, and the full lifecycle of trades. Join a dynamic team focused on excellence and innovation in risk management, where your expertise will directly impact the success of trading operations. If you're passionate about driving change and improving processes, this opportunity is perfect for you.

Qualifications

• Must have familiarity with ETRM front end and configuration validation.
• Strong commodities knowledge essential for physical and financial trading.

Responsibilities

• Validate full lifecycle configuration for futures, forwards, and swaps.
• Generate test files and cases while logging identified issues.

Skills

ETRM Front End Navigation

Commodities Knowledge

Asset Classes Knowledge

Risk and P&L Behaviour

Model Validation

Understanding Rates and FX

Tools

Aspect ETRM

Job description

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Project Description

ETRM migration from legacy trading system to target system "Aspect"; the resource will report to the director of EMEA Risk and will be responsible for checking and validating the Target state has been configured correctly, contracts/curves set up in Aspect by IT are as expected, correctly configured rights and produce the correct results. The resource will also provide expertise on how such contracts are expected to behave and configured in ETRM and perform full lifecycle testing and validation.

Responsibilities

1. Full front end ETRM [Aspect contract config/validation], such as UOM, Expiry profile, price feed, pricing.
2. Full lifecycle validation of configuration, futures, forwards, swaps, float/float, fixed float, bullet, confirming Risk behaviour in system is correct.
3. Understanding and creation of future equivalent view, understanding fixing and pricing risk.
4. Validation of Risk decomposition for formula pricing for more complex indices.
5. Generation of test files and test cases for downstream.
6. Logging and escalating all known and identified issues until resolution.
7. Provide second line and challenging current BAU process.
8. Liaise with EMEA Risk Director on progress updates, challenges and problems.

Skills

Must have:

1. Familiarity with working and navigating on the Front End of an ETRM ideally Aspect, checking configurations, ability to book trades and obtain necessary details for set up validation.
2. Commodities knowledge both on physical, and financial trading with an understanding of contracts, benchmarks, prevalent pricing, and understanding the full lifecycle of trades.
3. Asset classes mainly focused on Emissions, LNG, EU Gas, US Gas, Crude, Distillates, Base Metals, Precious Metals.
4. Physicals include storage, pipeline, refining, vessels, freight on crude, distillates and LNG.
5. Products knowledge, Risk and P&L behaviour for Futures, swaps, forward, float/float, fixed/float, risk decomposition for indices, fixing risk, future equivalent view.

Nice to have:

1. Aspect Skills
2. Model validation
3. Understanding Rates and FX, cross currencies, PV01, DV01, FX exposure, discounting.

Other

Languages: English: C2 Proficient

Seniority: Senior