Commodity Trading Specialist
4 weeks ago
Our client, a leading global energy and commodity trading group, is seeking a skilled Commodity Clearing Analyst to join their EMEA Financial Operations team. As a key member of this team, you will play a vital role in ensuring the smooth operation of clearing processes and contributing to various projects and process enhancements.
Responsibilities:
- Performing daily controls to ensure all processes are running smoothly and trades are accurately recorded.
- Developing and maintaining knowledge of brokerage and broker rate agreements.
- Responding to ad-hoc requests from Middle Office and trading desks regarding positions, broker setup requests, and exchange/clearing broker reconciliations.
- Understanding and reporting listed options and futures expiries to trading desks and middle office, with a focus on risk management.
- Reviewing KPIs daily to ensure aged items and outstanding issues are resolved in a timely manner.
- Ensuring all risk items are prioritized and escalated where necessary.
- Collaborating with multiple teams within the organization, including IT, Credit, Scheduling, Trading, MO, and Trade Finance.
- Regulatory compliance - maintaining a good understanding of MiFID II requirements to ensure correct monitoring of obligations.
- Presenting business cases for self-driven or otherwise, initiatives and projects to senior management.
- Performing any other tasks as directed by your line manager.
- Analyzing and developing team procedures in line with market requirements.
- Setting up new entities on exchanges and with clearing brokers.
- Transferring positions across clearing brokers, clearing accounts, and exchanges, both internally and externally.
Requirements:
- 2+ years' experience in clearing or listed derivatives operations or general commodities operations.
- Strong derivatives product knowledge, including the trade lifecycle of cleared/futures trades.
- Good knowledge of various exchanges, such as CME, EEX, LME, or ICE.
- Prior exposure to and understanding of CCP and clearing broker margin calls.
- Good system skills, including Openlink/ENDUR, Amphora, ICE Credit Management, ICE Clearing Admin, TLM, and Excel.
- Previous exposure to oil derivatives, European Power & Gas, and metals.
- Able to work independently without direct supervision but also happy in working as a team on projects.
- Ideal but not a requirement, experience of the commodities physical market would be advantageous.
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