Trade Support Analyst

Cititec; Greater London; On-site; GBP 42,000 - 61,000; Full time

Job summary

Cititec is supporting a global commodities trading firm in London to recruit a Trade Support Analyst focused on P&L, VaR and risk reporting for biofuels and oil products. You will collaborate with traders to understand positions, monitor risk and help automate reporting processes.

The role requires 3-5 years in Middle Office or Risk in a trading environment, and strong Excel/Python/SQL skills to drive improved controls and efficiencies.

Qualifications

• 3-5 years' experience in 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.

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

P&L reporting

VaR reporting

Risk management

Derivatives

Greeks

Excel

VBA

Python

SQL

Trading systems

Tools

Excel

VBA

Python

SQL

ETRM systems

Trading platforms

Job description

Cititec are working with a global commodities trading firm who are looking for a Trade Support 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.