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  • Job reference: RMS0164499

Trade Control Analyst

  • Sector: Commercial
  • Location: London
  • Job type: Permanent
  • Date posted: 04/03/2016
  • Time left:
    d h m s
    (25/03/16)
This vacancy has now expired.
The Company:
Our Client is a global leading Chemicals company.

The Role:
The Trading and Shipping business unit is focused primarily on procuring Feedstock, Gas and Power for Company assets in Europe. The team manages the risk management strategy associated with this procurement activity and has recently expanded to take advantage of other trading opportunities.

The Shipping & Terminals side of the business has recently chartered additional vessels to manage the new feedstock supply chain from the USA to Europe. The candidate will be working as part of energetic team in central London offices within the Risk Management department. This is an important role to ensure Delegation of Authority compliance on all trading activity.

Key Responsibilities:

The successful applicants duties will include but are not limited to:
• Act as a gatekeeper for all transactions in Allegro (ETRM system). Validate and correct/reject incorrect trades, curves, market data and positions.
• Produce and issue daily position reports, and assist with the daily hedging process.
• Produce and distribute daily P&L statements, including commentary and proof reconciliations.
• Reconcile daily margin statements and arrange cash transfers as required.
• Ensure adherence to trading limits and compliance with Delegation of Authority (DOA) including daily commentary and headroom analysis.
• Post and produce invoices to settle bilateral trade portfolios, and confirm 3rd party portfolio reconciliations and trade confirmations.
• Daily reporting of trades to REGIS-TR Trade Repository for EMIR, REMIT and FINFRAG compliance.
• Full involvement in month end and accounting process, including journal preparation, SAP posting and KPI analysis.

Essential Skills / Qualifications:
Key Skills, Knowledge & Competencies:

• Educated to degree level.
• 2-3 years experience within trade control/risk management is desirable.
• Experience in Allegro or comparable ETRM system would be extremely beneficial.
• Accounting skills and Petrochemical background also desirable.
• Experience with SAP or comparable accounting software would be advantageous.
• The successful applicant will be a dedicated, analytical and numerate individual and will assist in the expansion of the Company's Trading and Risk Management department.
• The applicant must be highly motivated and proactive and work well both as an individual and as part of a team. Interaction with back, middle and front office is essential, and so strong communication and interpersonal skills are essential.
• The dynamic nature of the business means that the candidate will need to work well under pressure and to tight deadlines. The candidate must have a high concern for standards as accurate accounts are essent
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