Middle Office Manager, US

Responsibilities

• Production of daily profit and loss for the trading books, ensuring its consistency and integrity
• Resolving any queries from traders or other departments relating to P&L, and escalating as required to the Head of Risk
• Validation of internal trade physical and paper marks
• Validation of all physical commodity and derivative deal entries to ensure accurate capture into the ETRM system (EKA)
• Forward curve and algorithm maintenance
• Contract and confirmation management for financial trades
• Daily reconciliation of internal system vs clearing banks for exchange traded products
• Management of the relationship with clearing brokers and clearing banks
• Making sure the trading activity is monitored; highlighting and reporting unusual activity
• Supporting the Market and Credit risk monitoring
• Supporting the Treasury team in margin management
• Supporting Finance in month-end financial closing processes
• Summarizing key analytics (e.g. weekly, monthly) on relevant metrics
• Engaging in active discussions with Front Office, Market Risk, and Credit Risk around trading strategy, positions, and overlaps with other management and risk reporting

Requirements

Key Qualifications and Experience:

• Minimum 10 years of work experience, preferably with a degree in an accounting discipline or similar
• Experience in a senior Middle Office role in another energy or commodity trading firm, preferably with coal, freight or LNG experience
• Ability to engage with commercial teams and other internal stakeholders, to provide firm but constructive challenge and ensure adherence to the control framework and the associated policies / processes
• Technically educated to degree level or equivalent professional qualification
• Excellent understanding of risks in trading businesses and a strong risk mindset
• Strong understanding of the physical commodity trade life-cycle and derivative products
• Ability to engage and empathise with stakeholders across the Supporting Functions
• Good negotiation skills and understanding of contractual frameworks
• Knowledge of US gas and power products, and an understanding of Oil, Coal, LNG, Dry-Freight, Emissions, and/or Power products will be beneficial
• Strong communication skills in the English language (verbal and written) are required
• Strong quantitative analysis skills, including the ability to structure clear, but concise answers to complex problems, often involving large data-sets
• Structured and methodical approach to problem solving and systems testing