Quantitative Middle Office Analyst - Commodities

Richard James Recruitment Specialists Ltd; England; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global energy and commodity trading group is seeking a Quantitative Middle Office Analyst to join their London team. Responsibilities include the production of daily PnL and risk reports, management reporting, and enhancing risk reporting platforms. The ideal candidate will have a bachelor's degree in a quantitative field, 2-5 years of experience in a similar role, and proficiency in ETRM systems. This full-time position offers opportunities to improve reporting processes and engage with trading teams.

Qualifications

• Educated to bachelor's degree level in a highly numerate subject.
• 2-5 years of experience in Middle Office/Product Control/Risk Management in a trading environment.
• Technically competent with ETRM systems and tools.

Responsibilities

• Produce daily PnL and Risk reports for trading desks.
• Communicate risk profile changes to management.
• Support complex trade booking.

Skills

Teamwork

Numerical analysis

Risk management

Financial derivatives knowledge

Self-starting and autonomous

Fluent English (spoken and written)

Education

Bachelor's degree in Mathematics or related field

Tools

ETRM systems (Openlink/Endur/ICTS)

Job description

Quantitative Middle Office Analyst – Commodities

Direct message the job poster from Richard James Recruitment Specialists Ltd

Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry!

Working as part of the London Middle Office team, responsible for UK and European LNG, Power, Gas, Ags and Oil (Financial) traded products, correct position reporting, pricing and adherence with trading limits, and more.

Principal Duties / Responsibilities:

• Production of a daily PnL and Risk reports for the trading desks (also supporting other desks covering the commodity spectrum, more specifically Ags, LNG, Metals), be able to produce a breakdown and explain key drivers.
• Production of weekly management reporting on all portfolios with concise communication on changes to the risk profiles within the books.
• Development of non-linear risk reporting for option portfolios.
• IPV on prices, and volatility.
• Improvements to enhanced reporting platform and risk decomposition.
• Key point of contact for communicating changes to risk profile to management with clear narrative as to subsequent changes to risk profile and commercial understanding as to reasons for positions.
• Support with complex trade booking.
• Good understanding of financial derivatives including options and option sensitivities.
• Frequent and daily interaction with traders to understand core positions and trading rationale.
• Implement new controls: liaise with tech team to improve and enhance processes.
• Development of enhanced reporting platform.

Skills:

• Educated to bachelor’s degree (or equivalent) level in highly numerate subject (Mathematics, Financial Mathematics, Mathematical Finance, etc.)
• Ability to work as part of a team.
• Ideally 2-5 years’ work-based Middle Office/Product Control/Risk Management experience in a similar role in an Energy/Commodities trading environment.
• Technically competent with ETRM systems and tools; specifically, Openlink/Endur/ICTS.
• Self-starter organized and autonomous.
• Fluent English, speaking and writing.
• Passionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.

Seniority level: Associate

Employment type: Full-time

Job function: Analyst, Finance, and Other

Industries: Oil and Gas, Financial Services, and Investment Banking