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CIB F&BM - Global Commodities Group - Product Control - Associate - London Description
The EMEA Gas, Coal & Emissions and EMEA/Asia Oil Product Control team consists of 4 professionals supporting 13 traders across London and Singapore.
The primary underliers are UK and European Gas, EUAs, Global Coal, Brent and WTI products. The businesses trade ICE/NYMEX futures and options, as well as with OTC counterparties for forwards, options and other derivatives. In addition, the Emissions business holds physical inventory.
The successful candidate will have a strong understanding of derivative products, combined with a financial reporting and control mindset. They must be comfortable with complex structured transactions and have a strong understanding of the operational risks around the end-to-end product lifecycle. Communication skills are particularly essential as the candidate will have a lot of daily face to face interaction with a demanding front office spanning different regions and time zones and will need to co-ordinate relationships across departments including Finance, Market risk, Technology and Operations.
Supervising of daily P&L, review of breaks between risk management system and PnL aggregator, explain differences to trader predicts, provide Greek based market commentary, obtain trader sign off;
Reviewing month-end controls such as balance sheet substantiation, adjustments review and substantiation and reconciliation of the P&L reported through books and records.
Supervising Market Risk Reporting process for EMEA Energy;
Working closely with external reporting team for regulatory reporting requirements;
Acting as point person of the team & resolving any escalated issues;
Review PnL explains, Clean and Dirty buckets, understand and explain P&L residuals;
Continuous improvement to the system infrastructure & control environment;
Ensuring team has adequate training and product knowledge;
Coordination key business partners across Finance and other areas on projects and issue resolution;
Knowledge of Commodities markets, specifically the Energy businesses, would be beneficial.
Ability to communicate effectively across the organisation, both orally and in writing;
Excellent analytical and problem solving skills;
Good understanding of derivative products & inventory valuation;
Ability to manipulate large volumes of data efficiently;
A flexible proactive approach, ability to adapt to business change;
Demonstrates good Excel skills;
Pro-activity in identifying control gaps, defining resolution and taking to closure;
Team Orientated and motivated self-starter with a positive "can do" attitude;
Influencing skills to manage relationships with diverse groups internally and externally;
Experience of leading team would be beneficial;
All internal moves will normally take place on the same grade and same salary. Salaries are reviewed annually in February. Exceptions to the rule regarding transfer on current salary may include a move between geographic locations .
Internal Number: 6111707
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