Middle Officer

Cititec; Greater London; On-site; GBP 42,000 - 56,000; Full time

Job summary

Cititec are working with a global commodities trading firm to hire a Middle Office Analyst in London. You will ensure accurate P&L, VaR and risk reporting, while supporting system and process improvements across the trading business.

You will collaborate with traders and risk, front office, operations, finance and technology teams to resolve breaks and automate reporting, helping the business scale. The role requires 3–5 years in Middle Office or Risk, with knowledge of P&L, VaR, derivatives and

Qualifications

• 3–5 years' experience in Middle Office, Risk, Product Control or similar in a commodities trading business.
• Strong understanding of physical commodity markets, ideally oil products, biofuels, refined products or related energy markets.
• Experience working closely with Front Office / Traders in a fast-paced trading environment.
• Strong understanding of P&L reporting, VaR and market risk.
• Good knowledge of derivatives and options, including Greeks and options exposures.
• Experience with risk management systems, ETRMs or trading platforms.
• Strong analytical and problem-solving skills with the ability to explain complex movements clearly.
• Proficiency in Excel, VBA, Python and/or SQL, with an interest in automation.

Responsibilities

• Produce and analyse daily P&L reporting, investigating and explaining P&L movements and discrepancies.
• Prepare and monitor VaR and wider market risk reporting across the trading portfolio.
• Work closely with traders to understand positions, exposures, valuation movements and trading activity.
• Support the Middle Office function across physical biofuels and oil products, as well as associated derivatives.
• Monitor and validate trading positions, transactions, valuations and risk exposures.
• Support options trading and derivatives reporting, including understanding of Greeks and associated exposures.
• Work with Risk, Front Office, Operations, Finance and Technology teams to ensure accurate and timely reporting.
• Identify breaks, discrepancies and data issues and work through their resolution.
• Support the implementation and improvement of risk management and trading systems.
• Develop and automate reporting and processes where possible, improving efficiency and reducing manual intervention.
• Contribute to the development of controls, processes and reporting frameworks as the trading business grows.

Skills

Analytical thinking

Problem solving

Communication

Tools

Excel

VBA

Python

SQL

Job description

Cititec are working with a global commodities trading firm who are looking for a Middle Office Analyst to join their growing business focused on biofuels and physical oil products.

The successful candidate will play a key role in ensuring accurate P&L, VaR and risk reporting, while also supporting the development and improvement of the systems and processes used by the trading business.

Key Responsibilities

• Produce and analyse daily P&L reporting, investigating and explaining P&L movements and discrepancies.
• Prepare and monitor VaR and wider market risk reporting across the trading portfolio.
• Work closely with traders to understand positions, exposures, valuation movements and trading activity.
• Support the Middle Office function across physical biofuels and oil products, as well as associated derivatives.
• Monitor and validate trading positions, transactions, valuations and risk exposures.
• Support options trading and derivatives reporting, including understanding of Greeks and associated exposures.
• Work with Risk, Front Office, Operations, Finance and Technology teams to ensure accurate and timely reporting.
• Identify breaks, discrepancies and data issues and work through their resolution.
• Support the implementation and improvement of risk management and trading systems.
• Develop and automate reporting and processes where possible, improving efficiency and reducing manual intervention.
• Contribute to the development of controls, processes and reporting frameworks as the trading business grows.

The ideal candidate will have:

• 3-5 years' experience within a Middle Office, Risk, Product Control or similar function in a commodities trading business.
• Strong understanding of physical commodity markets, ideally oil products, biofuels, refined products or related energy markets.
• Experience working closely with Front Office / Traders in a fast-paced trading environment.
• Strong understanding of P&L reporting, VaR and market risk.
• Good knowledge of derivatives and options, including an understanding of Greeks and options exposures.
• Experience working with risk management systems, ETRMs or trading platforms.
• Strong analytical and problem-solving skills, with the ability to investigate issues and explain complex movements clearly.
• A strong technical skillset, with proficiency in tools such as Excel, VBA, Python and/or SQL.
• An interest in improving and automating existing processes rather than simply maintaining them.
• Excellent communication skills and the confidence to work directly with traders and senior stakeholders.

The Environment

This is a hands-on Middle Office role within a commodities trading environment, rather than a purely operational position. You will sit close to the trading business and have exposure to physical commodities, derivatives, risk, P&L and trading systems.

The role would suit someone who enjoys working at the intersection of trading, risk and technology, and who wants to develop their career within a sophisticated commodities trading organisation.