Commodities Portfolio Pricing & Valuations Specialist

Millennium Management LLC; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

A leading company in the financial services sector is seeking a Commodities Portfolio Pricing & Valuations Specialist to join their global team. The successful candidate will play a pivotal role in developing a cutting-edge platform for pricing and valuations of commodities, ensuring data integrity and collaborating with various teams. Ideal candidates will have a strong analytical background, significant experience in the field, and excellent communication skills.

Qualifications

• 5+ years in trading, structuring, or quant risk roles covering commodities.
• Experience with pricing and modeling of commodity products.
• Knowledge of market risk fundamentals and fair value concepts.

Responsibilities

• Develop and maintain pricing, risk, and P&L platform for Commodities.
• Manage data and ensure integrity of real-time P&L and risk representation.
• Collaborate with cross-functional teams to enhance pricing methodologies.

Skills

Analytical skills

Problem solving

Attention to detail

Communication skills

Education

Bachelor’s degree in Mathematics, Economics or Engineering

Tools

Endur/ETRM

Job description

Commodities Portfolio Pricing & Valuations Specialist

The successful candidate will join the global Commodities Portfolio Pricing and Valuations team to lead pricing and valuations efforts in the EMEA region.The role involves developing and maintaining a cutting-edge real-time pricing, risk, and P&L platform for commodities, while analyzing and implementing new pricing models and ensuring data integrity. The candidate will also need to collaborate with cross-functional teams and stakeholders to advance pricing methodologies, portfolio valuation, and system workflows.

Principal Responsibilities

• Play a key role in the development and maintenance of a best-in-class real-time pricing, risk and p&l platform for Commodities
• Analyse, design and productionize new pricing models and present proposals to senior stakeholders
• Manage existing data and system workflows and build relevant controls to ensure the integrity of real-time p&l and risk representation
• Work with PMs for pricing support and general portfolio valuation queries including reviewing curve construction, interpolation methods or market data quality
• Contribute to the ongoing improvement of intraday/EOD marking and P&L explain methodologies,
• Act as representative of the Pricing and Valuation team in specific business development, analytics, market data or technology projects
• Collaborate with Portfolio Managers, Quant Research, Risk, Middle Office, Operations and various Technology and Data teams to advance the real-time pricing and valuations framework

Qualifications/Skills

• Bachelor’s degree in Mathematics, Economics, Engineering or a related field
• 5+ years of experience in a trading, structuring, quant risk or related role covering commodities, knowledge of European power and gas advantageous
• Experience with pricing and modelling commodity physical and/or derivative products, good understanding of market risk fundamentals
• Knowledge of non-linear/option products a strong plus
• Good understanding of Fair Value and derivative recognition concepts
• Endur/ETRM knowledge advantageous, but not essential
• Solid understanding of trade lifecycle, ability to deep dive into system and data flows
• Strong analytical, problem solving skills and attention to detail
• Ability to prioritize and deliver effectively in a fast-paced and dynamic environment
• Strong communication and interpersonal skills, with the ability to work collaboratively as part of a global team.