Commodity Trading Derivative Operations Analyst – £40-60k

Commodity Trading Derivative Operations Analyst

Global leading commodity trading house seeks a bright, dynamic and ambitious Commodity Trading Derivative Operations Analyst to join their Central London Global HQ, starting working from home (WFH) / remotely until Covid lockdown restrictions allow return to the office.

My client is one of the best-known commodity trading firms on the planet, recognised for their high profits (and corresponding bonuses), dynamic and entrepreneurial environment with fast track career progression. Starting as a Derivative Operations Analyst, this is your route into the business, starting by learning the commodity trading business from the inside, working very closely with the trading desk and building up your knowledge in order to move forwards most likely into a Risk or even Front Office position.

As such, this role is looking for a bright, dynamic and entrepreneurial Commodity Trading Back/Middle Office professional who is looking to join a World leading firm with the expectation of working in a demanding, fast moving trading environment with progression in circa 18 months to a Risk or trading role if you're good. This role has become available as the incumbent Derivative Operations Analyst has progressed into a Risk Manager role.

Your core role:

• Reconciliation of the company's Daily Cleared Open Derivative positions with the Exchange and Clearing House
• Reconciliation of the company's Daily Margin Call requirements
• Independently query, challenge and resolve reconciliation discrepancies with the Clearing House
• Drafting OTC paper Confirmations compliant with ISDA Definitions
• Checking incoming OTC paper and electronic confirmations
• Chasing outstanding and inbound OTC paper confirmations
• Validate market ad hoc operations - system static data amendments
• Invoicing and agreeing Settlements for OTC transactions
• Perform Portfolio Reconciliation as required by EMIR
• Processing Brokerage invoices, reconciling to statements and settling invoices
• Build and maintain effective relationships with all areas of the business, particularly the Front Office, Risk Managers, Compliance and Credit

Salary: Open depending on the level of experience but circa £35-60k basic + 30-40% bonus + benefits

Key skills & experience sought

• 15 years experience working in a similar Commodity Trading Derivative Operations Analyst role with good previous experience in BackMiddle Office operations
• Previous commodity trading experience is 100% essential
• Strong knowledge and understanding of Exchange Traded Products and their lifecycle
• Experience supporting Cleared and OTC business as an Exchange, bank or similar Oil & Gas market participant
• 1 year+ experience working with Exchange Cleared Oil & Gas contracts and OTC confirmation
• Excellent Excel skills are essential, preferably at an Advanced level
• British passport, ILR or European passport with Settled or PreSettled Status is needed as my client will NOT sponsor visas.

For more information, please e-mail through an up-to-date copy of your CV to Ben at jobsBR@bramwithconsulting.co.uk .