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Trade Operations Analyst

3 weeks ago


London, Greater London, United Kingdom Castleton Commodities International Full time

Castleton Commodities International (CCI) is looking for a Trade Operations Analyst to join our Exchange Clearing Operations team in the London office. This role is crucial for ensuring effective control and smooth business operations within Global Merchant Operations. The successful candidate will work closely with commercial teams and support departments, including Scheduling, Market Risk, Product Control, and Compliance. The position focuses on enhancing processes and supporting both strategic and tactical technology initiatives, offering significant exposure to energy commodity trading in a fast-paced environment. Key responsibilities include clearing, reconciliation, trade capture, and managing the trade lifecycle, with a specific focus on Exchange Traded Derivatives (ETD) involving Oil, Natural Gas, and Power. This provides a unique opportunity to engage with the dynamic markets of these essential energy commodities.

Responsibilities:
  • Daily validation of CCI's exchange positions across exchanges, predominantly in oil, gas, and power products.
  • Manage futures and options expiration activities and associated physical delivery.
  • Collateral management including settlement of daily margin calls, margin analysis, optimization, and stress testing.
  • Processing, reconciliation, and settlement of transaction costs, including brokerage, identifying, and implementing opportunities to reduce cost.
  • Ensuring all entries within the trading book are correct and verified against ICE, CME, etc.
  • Partnering with Traders, Exchanges, Clearing Brokers, and cross-functional businesses within CCI (Compliance, P&L, IT, Reference Data) to onboard new trading desks and platforms.
  • Reporting listed options and futures expiries to the Trading desks and Middle Office.
  • Providing ongoing support and communication to traders regarding market access, trade execution, and operational processes.
  • Collaborating with exchanges and clearing brokers on product enablement and compliance items to ensure smooth trading operations.
  • Daily position management, including monitoring and reporting of key metrics related to trading activities and performance.
  • Supporting the physical delivery of futures and options, ensuring compliance with all regulatory and operational requirements.
  • Assisting in the management and reporting of costs and fees related to exchange business, identifying areas for improvement and cost-saving initiatives.
  • Engaging with external vendors and stakeholders to enhance trade execution platform support (Trayport) and resolve any operational issues.
  • Participating in ad-hoc projects which include new business implementation, system improvements, change management, and efficiency/cost-saving initiatives.
Qualifications:
  • Bachelor's Degree in Business, Finance, Accounting, Economics, or related field.
  • Minimum of 2 years' experience in commodity trading, preferably in an area covering exchange traded derivatives.
  • Ability to multi-task and prioritize effectively in a high intensity environment.
  • Excellent problem solving and numerical skills; ability to seek information and interpret data from multiple sources in order to resolve problems or implement new processes.
  • Strong technical skills – Python, SQL, VBA highly preferred.
  • Highest level of ownership and accountability.
  • Strong organizational and communication skills.
  • Ability and desire to work in a team-centered environment.
Employee Programs & Benefits:

CCI offers competitive benefits and programs to support our employees, their families and local communities. These include:

  • Competitive comprehensive medical, dental, retirement and life insurance benefits.
  • Employee assistance & wellness programs.
  • Parental and family leave policies.
  • CCI in the Community: Each office has a Charity Committee and as a part of this program employees are allocated 2 days annually to volunteer at the selected charities.
  • Charitable contribution match program.
  • Tuition assistance & reimbursement.
  • Quarterly Innovation & Collaboration Awards.
  • Employee discount program, including access to fitness facilities.
  • Competitive paid time off.
  • Continued learning opportunities.

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