UK Settlement Analyst

2 weeks ago

London, Greater London, United Kingdom Engie Full time
NEW OPPORTUNITY: UK Settlements Analyst - London

About Us:

ENGIE is a leader in sustainable energy supply and services. We are united by our purpose of delivering the energy transition and leaving the legacy of a greener future for everyone.

Our purpose is to accelerate the transition towards a net zero economy through reduced energy consumption and more environmentally friendly solutions, reconciling economic performance with a positive impact on people and the planet.

Purpose of the job:

The Settlements Analyst is responsible for working with colleagues to maintain the Back Office function for EUM's UK trading activities. This includes the development, maintenance and use of an effective system for settlement, payment, validation, and provision of month end reporting information. The Settlements Analyst is also expected to contribute to developing and maintaining a reputation for the Back Office as a provider of accurate, efficient and timely information to its internal and external stakeholders, which include Finance teams within ENGIE, counterparty Back Offices, Risk Management teams and Group Reporting. The team provides full Back Office services for:
  • commodities (including Power, Gas, Foreign Exchange, Emissions, Renewables/green products such as REGOs and RGGOs)
  • instruments (including Forwards, Futures, Financial Commodity Swaps, Financial FX Swaps) within UK and European Traded Markets.
  • Standard and complex contract structures including GTMA, NBP, EFET, ISDA, Exchange Rules, imbalances with TSOs and Power Purchase Agreements (PPAs).
Key Accountabilities:
  • Validation and Confirmation of transactions across a wide range of commodity markets and with trading counterparties (internal and external) for all UK trading activities. This includes trades executed on exchanges and Over the Counter (OTC) directly with counterparties under various contract structures. Maintain a system for tracking outstanding confirmations and liaise with counterparties to ensure all outstanding confirmations are received.
  • Invoicing: Accurate preparation and validation of commodity invoices, associated fees (including broker fees, gas shipping and transportation charges) and some ancillary services.
  • Daily cash margining process: agree daily cash margin (also referred to as cash collateral) exposures with trading counterparties. This is a time sensitive process that involves daily payments by set deadlines and being proactive in following up if there are late responses and/or mismatches.
  • Query Resolution: Have a thorough understanding of commodities and contract structures traded to successfully resolve queries from internal and external counterparties.
  • Compliance control: Review deals from a compliance and control point of view and flag up for corrective action (e.g. errors and breaches by traders)
  • Financial Control: Liaise with colleagues in the wider business to ensure cash settlement occurs and follow up late payments with counterparties where necessary.
  • Internal Control, Best Practise and Audit: Develop and maintain clear and logical administrative processes with efficient audit trails. Assist with audit queries as and when they arise. Strive to develop the Back Office as an area of "Best Practise".
  • Financial and Trading Reporting: Ensure all required information is provided under agreed deadlines to various users including:
  • Finance teams - for cash forecasting, gross margin reporting and month end reporting
  • Risk Management- for trading reports
  • Wider areas of the business for ad-hoc analysis
  • Compliance with Contractual Terms: Ensure all Back Office processes are carried out in accordance with contractual obligations.
  • Regulatory reporting: support Back Office team with regulatory reporting (REMIT, EMIR etc)
Experience and qualifications:
  • At least 2 years' experience in a Back Office environment within the UK/European energy industry
  • Experience with an ETRM system for the energy industry such as Orchestrade (OT) is a plus
  • Strong knowledge of MS Office (candidates with coding skills will be considered favourably, e.g., VBA, Python, SQL, Power BI, advanced MS Excel etc)
  • Experience in back office process automation and digitalization.
  • Experience in large scale systems projects / or equivalent project work.
  • Awareness of UK VAT rules (not essential but desirable)
Skills and behavioural capabilities:
  • Self-driven, proactive, and able to work without direct supervision at times
  • Ability to work to tight deadlines and under pressure
  • Focus on automation and eliminating manual/inefficient processes.
  • Demonstrated ability to work effectively in a small team environment
  • Numerical, with high attention to detail
  • Clear and confident communication style, with customer focus.
  • Outcome and solution focussed.
  • Adaptable to change
Why ENGIE UK?
  • Opportunity to make a significant impact on the future of energy supply.
  • Collaborative and innovative work environment.
  • Bonus programme.
  • Healthcare cash plan.
  • Employer pension contribution.
  • Commitment to professional development and growth.
How to Apply

If you are passionate about operational excellence and eager to contribute to the energy sector, we want to hear from you. At ENGIE UK, we value diversity and are committed to creating an inclusive environment for all employees. Even if you do not meet all the requirements listed, we encourage you to apply. Your unique skills and experiences could be just what we need.

To apply, please submit your CV detailing your experience and why you are the ideal candidate for this role.

  • UK Settlement Analyst

    2 days ago

    London, Greater London, United Kingdom ENGIE Group Full time

    NEW OPPORTUNITY: UK Settlements Analyst – LondonAbout Us:ENGIE is a leader in sustainable energy supply and services. We are united by our purpose of delivering the energy transition and leaving the legacy of a greener future for everyone.Our purpose is to accelerate the transition towards a net zero economy through reduced energy consumption and more...

  • Settlement Analyst

    2 weeks ago

    London, Greater London, United Kingdom William Rose Associates Full time

    William Rose Associates is currently partnering with an established financial firm based in London, which is looking for a Settlement Analyst to join the business.ESSENTIAL SKILLS | Settlement Analyst 1 - 2 years experience in trade settlement with a focus on equitiesProficient in CREST for post-trade processing and settlementOVERVIEW | Settlement Analyst...

  • Settlement Analyst

    2 weeks ago

    London, Greater London, United Kingdom William Rose Associates Full time

    Job Description William Rose Associates is currently partnering with an established financial firm based in London, which is looking for a Settlement Analyst to join the business.ESSENTIAL SKILLS | Settlement Analyst1 - 2 years experience in trade settlement with a focus on equitiesProficient in CREST for post-trade processing and settlementOVERVIEW |...

  • Settlement Analyst

    2 hours ago

    London, Greater London, United Kingdom William Rose Associates Full time

    Job Description William Rose Associates is currently partnering with an established financial firm based in London, which is looking for a Settlement Analyst to join the business.ESSENTIAL SKILLS | Settlement Analyst1 - 2 years experience in trade settlement with a focus on equitiesProficient in CREST for post-trade processing and settlementOVERVIEW |...

  • UK Settlement Analyst

    7 days ago

    London, Greater London, United Kingdom ENGIE Group Full time

    Select how often (in days) to receive an alert:NEW OPPORTUNITY: UK Settlements Analyst – LondonAbout Us:ENGIE is a leader in sustainable energy supply and services. We are united by our purpose of delivering the energy transition and leaving the legacy of a greener future for everyone.Our purpose is to accelerate the transition towards a net zero economy...

  • Settlements Analyst

    2 weeks ago

    London, Greater London, United Kingdom Rothstein Recruitment Full time

    Settlements Analyst - FX, Money Market, Securities, BondsSettlements Analyst - FX, Money Market, Securities, BondsExcellent opportunity opens for a Senior Settlements Analyst to join a growing International Banks' Operations Department in a crucial role. Working in the Settlements Operations team, you will be responsible for providing operational support to...

  • Senior Settlements Analyst

    5 days ago

    London, Greater London, United Kingdom Goodman Masson Full time

    I am keen to speak with Senior Settlements Analysts to join an investment bank based in central London. This is an initial 6-month contract with the expectation for extension.The Senior Settlements Analyst will be responsible for a team of Securities Settlements Analysts in a BAU capacity but also working on process improvement initiatives.We are ideally...

  • Settlements Analyst

    5 days ago

    London, Greater London, United Kingdom Richard James Recruitment Full time

    Our client is one of the world's leading Energy & Commodity Trading businesses with a successful history of growth. Their distinct culture thrives on values, giving them a strong base and passion to succeed as a team. Employees enjoy an environment that allows them to develop their skills, knowledge and experience giving them every opportunity to have...

  • Senior Settlements Analyst

    3 days ago

    London, Greater London, United Kingdom LGT Group Full time

    Senior Settlements Analyst (12 month FTC) London (GB)LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two...

  • Settlements Analyst

    5 days ago

    London, Greater London, United Kingdom Page Personnel Full time

    Excellent permanent opportunity in currency management Terrific progression, training and development on offer About Our Client This is a well-established firm with over 500 employees operating within the Technology & Telecoms industry. Based in London, the company prides itself on delivering superior services to its clients and constantly evolving to...

  • Operations Analyst, Settlement Operations

    6 days ago

    London, Greater London, United Kingdom Amazon Full time

    Operations Analyst, Settlement OperationsJob ID: 2940022 | Amazon Pay (India) Private LimitedWe're looking for an Experienced Analyst for Settlement Operations for Amazon India Payments Business. The candidate must be proficient in Microsoft Excel & Access. The successful candidate will be process driven, with responsibility for delivering top-notch customer...

  • Trade Settlement Analyst

    7 days ago

    London, Greater London, United Kingdom Quilter Full time

    What the Hiring Manager Says Our company ethos is "Dependable, Stronger Together and Pioneering". We value these behavioural skills and are looking for a new team member who we can depend on, who acts with focus and care and concentrates on the finer details and maintains a high level of accuracy under pressure. You will be joining a team of eight...

  • Power & Gas Settlements Analyst

    2 weeks ago

    London, Greater London, United Kingdom SEFE Securing Energy for Europe GmbH Full time

    Working within the Settlements Team, within Trading Operations Department ensuring the timely settlement of a variety of products.IN SHORTThis position is responsible for supporting the Lead Settlements Analyst in providing a world-class settlements service to the business.The role will provide an excellent opportunity for a talented and motivated individual...

  • Power & Gas Settlements Analyst

    3 days ago

    London, Greater London, United Kingdom SEFE Energy GmbH Full time

    Working within the Settlements Team, within Trading Operations Department ensuring the timely settlement of a variety of products.IN SHORTThis position is responsible for supporting the Lead Settlements Analyst in providing a world-class settlements service to the business.The role will provide an excellent opportunity for a talented and motivated individual...

  • Power & Gas Settlements Analyst

    2 weeks ago

    London, Greater London, United Kingdom SEFE Marketing & Trading Ltd Full time

    Working within the Settlements Team, within Trading Operations Department ensuring the timely settlement of a variety of products.IN SHORTThis position is responsible for supporting the Lead Settlements Analyst in providing a world-class settlements service to the business.The role will provide an excellent opportunity for a talented and motivated individual...

  • Power & Gas Settlements Analyst

    2 weeks ago

    London, Greater London, United Kingdom SEFE Energy Limited Full time

    Working within the Settlements Team, within Trading Operations Department ensuring the timely settlement of a variety of products.IN SHORTThis position is responsible for supporting the Lead Settlements Analyst in providing a world-class settlements service to the business.The role will provide an excellent opportunity for a talented and motivated individual...

  • Settlements Clerk

    3 days ago

    London, Greater London, United Kingdom BGC Group Full time

    Direct message the job poster from BGC GroupTalent Acquisition Business Partner at Cantor Fitzgerald & BGC GroupSettlements Clerk | BGC Group – LondonBGC Group is looking for a detail-oriented and experienced Settlements Clerk to join our Operations team in London. This is a fantastic opportunity to work in a fast-paced environment, contributing to the...

  • Payments and Settlements Officer

    4 days ago

    London, Greater London, United Kingdom FirstBank UK Limited Full time

    Get AI-powered advice on this job and more exclusive features.Executive Search, Talent Acquisition & Recruitment OutsourcingPayments & Settlements OfficerFirstBank UK is a globally recognised, successful bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial...

  • Business Analyst

    4 days ago

    London, Greater London, United Kingdom JAC Recruitment (UK) Ltd. Full time

    Company:Japanese IT Consulting FirmLocation:London, UKSalary:Up to ¥12,000,000 (approximately £60,000)Start Date:January 2025Client's Business Areas:Corporate Lending:Bilateral and syndicated loansMarket Transactions:Foreign exchange, interest rates, bonds (spot and derivatives)Funds and Securities SettlementProject Support Areas:Business processes and...

  • Senior Employment Solicitor

    7 days ago

    London, Greater London, United Kingdom Settlement Agreement Solicitors Full time

    At Settlement Agreement Solicitors, we care passionately about the experience that our clients have when they come to us in search of expert legal assistance and support. Clients are placing a great deal of trust in us at a time when they are facing losing their jobs and it is critical that we repay this trust by treating them with the warmth,...