Quantitative Middle Officer

Richard James Recruitment; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global energy and commodities trading group in Greater London is seeking a Middle Office professional. The role involves producing daily PnL and Risk reports, managing option portfolios, and enhancing risk reporting processes. Ideal candidates will have a degree in Mathematics, 2-5 years of relevant experience, and strong skills in financial derivatives. Proficiency in ETRM systems and advanced Excel, along with a process improvement mindset, are essential for success in this exciting opportunity.

Qualifications

• Educated to bachelor’s degree (or equivalent) level in a highly numerate subject.
• 2-5 years’ experience in a Middle Office/Product Control/Risk Management role in the Energy/Commodities sector.
• Fluent English, both speaking and writing.

Responsibilities

• Produce daily PnL and Risk reports for trading desks.
• Develop non-linear risk reporting for option portfolios.
• Communicate changes to risk profile to management.

Skills

Teamwork

Financial derivatives knowledge

Analytical skills

Excel

VBA

SQL

Python

Data visualization

Education

Bachelor’s degree in Mathematics or related field

Tools

ETRM systems

Openlink

Endur

ICTS

Tableau

Dash

Job description

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.
• Process improvement mindset.
• Fluent English, speaking and writing.
• Advanced Excel skills, VBA SQL, Python preferred. Data visualization experience, Tableau / Dash
• Passionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.