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Product Control Analyst - LNG, G&P, FX, Derivatives - London
July 6, 2018
London, United Kingdom
DUTIES AND RESPONSIBILITIES
Responsible for ensuring that the LNG, Gas, Power, FX and Derivatives position and P&L reporting are accurate and timely, and that commentary is meaningful and transparent;
Reviewing and checking daily that physical and paper transactions have been posted correctly, are within Trading Delegations of Authority, including hedging of trading FX exposure;
Escalation point for LNG, Gas, Power, FX and Derivatives Trading limit breaches. Reviewing market data, substantiating and documenting attribution methodology;
Providing management information and analysis as required and to proactively seek to provide commercial analysis;
Ensuring integrity of data through the implementation of suitable controls;
Responsible for developing, monitoring and maintaining control processes for the robust incorporation of structured product (modelled) transactions into daily reporting; responsible for initial validation of structured product model inputs;
Responsible for setup of controls for new business initiatives, and ongoing maintenance, development and improvement thereafter;
Responsible for communicating and escalating the development and maintenance requirements of infrastructure in support of business growth;
Responsible for calculation/maintenance of fair value adjustments (FVAs);
Responsible for oversight of the LNG, Gas & Power and Derivatives month end close process, including MI to accounts reconciliation;
SKILLS AND COMPETENCIES
Very strong understanding of risks (i.e. Greeks) and P&L attribution in the context of options and structured LNG, Gas & Power, FX and Derivative products;
Track record of improving (or devising and implementing) controls and procedures;
Skill in VBA and experience of Endur an advantage;
Experience in LNG, Gas & Power, FX and Oil Derivative products and markets;
Experience of managing or supporting significant business growth;
Project management experience;
Able to take, and maintain, an independent approach and challenge where appropriate.
Minimum 3 years relevant experience
Commodities/Derivatives Product Control and/or Market Risk or Trading
Degree level education, preferably in Finance/Banking/Mathematics/Statistics/Engineering
Professional qualifications (Accounting, ERM, CISI) an advantage
***Oil Recruitment is working as an agent on behalf of a client for this role. We have been working with some of the world's leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon.
To learn more about our business and to see details of our other vacancies visit www.oilrecruitment.co.uk