Analyst - Derivatives

Trafigura; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Trafigura is seeking a Derivatives Operations professional to manage the full lifecycle of OTC and exchange-traded derivatives within the global treasury structure. You will handle collateral, settlement, and regulatory reporting while reconciling trades with traders and clearing banks.

Ideal candidates have experience in FX or commodity derivatives, and hands-on skills in macros, VBA and Python. Knowledge of MUREX and regulatory regimes is highly valued.

Qualifications

• Minimum 1 year experience in Derivatives - FX and/or physical commodity.
• Technical Skills in Macros, VBA & Python.
• Degree educated or equivalent in numerate discipline or above.

Responsibilities

• Collateral management and OTC Margin call processing.
• Ensure all trades processed through clearing banks are correct & reconcile to traders records.
• Work with internal departments, external counterparties and exchanges to resolve discrepancies on trades.
• Maintain all clearing accounts on the internal system daily, processing contract expiries and trade transfers between accounts.
• Inform the Treasury department of the daily movement of cash received or paid to the clearing houses.
• Perform Derivative settlements.
• Perform Regulatory reporting for regulations such as EMIR, MAS, Dodd Frank, REMIT.

Skills

Derivatives knowledge

Macros

VBA

Python

Education

Degree in numerate discipline

Tools

MUREX platform

Job description

Main purpose

Managing the entire lifecycle of Over The Counter and Exchange traded derivatives

Key responsibilities

• Collateral management and OTC Margin call processing
• Ensure all trades processed through clearing banks are correct & reconcile to traders records.
• Work with internal departments, external counterparties and exchanges to resolve discrepancies on trades
• Maintain all clearing accounts on the internal system daily basis, processing contract expiries and trade transfers between accounts
• Inform the Treasury department of the daily movement of cash received or paid to the clearing houses.
• Perform Derivative settlements
• Perform Regulatory reporting for Regulations such as EMIR, MAS, Dodd Frank, REMIT

Required qualifications

• Minimum 1 years experience in Derivatives - FX and/or physical commodity
• Technical Skills - Macros, VBA & Python
• Degree educated or equivalent in numerate discipline or above

Preferred qualifications

• SME/end user experience on MUREX platform
• Working knowledge of regulations such as EMIR, MAS, Dodd Frank, REMIT

Attributes for success

• Meticulous attention to detail
• Flexible attitude and self-motivated
• Proven ability to partner with global stakeholders
• Fast learner and comfortable operating in a dynamic environment

Department overview

All of Trafigura's global derivatives positions flow through this department which gives us a wide exposure to the different global derivatives contracts in the market. Swaps and Futures is the backbone of Trafigura's trading structure and as such we are responsible for managing the complete lifecycle of Derivative positions and are the key point of contact for all front and middle office derivative queries. Communication within this department is not limited to internal stakeholders but with external counterparties as well to ensure that the business commercial requirements are met. The nature of Trafigura's business is constantly changing with new assets classes being constantly added, all team members are trained to be adaptive to meet this challenge. Whilst tasks might be process-oriented, team members are encouraged to think critically to improve the current workflow. Opportunities in this team exist for cross-training and multiple members of this department in the past have gone on to take on more challenging roles within the organization

Key Relationships

Internal: Traders, Deals Desk, Treasury, Oil Accounting, Credit, IT
External: Clearing Brokers, Exchanges, Executing