Manager, Nat Gas

4 weeks ago

London, UK, United Kingdom myGwork Full time

This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ+ business community.

Job Summary

We are recruiting for a NatGas Nomination and Position Management Specialist to join a new team that will manage nominations, positions and support our multi-asset class physical commodity middle office.

Primary duties include handling gas positions with the trading desk, managing the nomination process at virtual trading points or directly with the relevant TSO, and resolving issues to achieve balance. Additionally, the role involves managing LNG cargoes with delivery in Europe and Asia.

As the gas desk expands, the Specialist will be required to assist in the drafting of processes and procedures, managing the nominations processes, storage operators, or interconnector points, working with stakeholders to ensure balance, ensuring transactions comply with credit terms and registry T&Cs and management of a portfolio of commodity collaterals.

Join this new team as we grow our gas trading and nomination processes in a dynamic environment.

This specialist role focuses on nat-gas nominations and position management as the primary function, with additional support provided to the broader team across a multi-asset class physical commodity middle office.

Key Responsibilities

Responsibilities:

Processes:

  • Manage gas positions with the Gas trading desk, handle the nomination process at virtual trading points via a service provider or direct to the TSO, and resolve issues to achieve balance within the delivery period.
  • Handle LNG cargoes bought and sold on the water, eventually delivered in Europe and Asia.
  • Manage changes to the nominations process as capacity and storage expand, including storage operators or interconnector points for cross-border flows.
  • Monitor and control transactions to ensure compliance with approved credit terms and applicable registries T&Cs.
  • Manage commodity collateral in the CTMU managed portfolio.

Credit Monitoring:

  • Manage a portfolio of commodity finance facilities, monitoring credit facilities and physical collateral.
  • Maintain and build relationships with the Bank’s customers and intermediaries.
  • Approve and monitor transactions to ensure they remain within approved parameters.
  • React to facility excesses and collateral shortfalls to manage credit risks.
  • Notify risk management of deviations and deterioration in the Bank’s credit risk position.
  • Liaise with financial and trading contacts of clients and intermediaries, providing timely release instructions and information updates.

Strategy:

  • Support the implementation of the target operating model for CTMU in the region.
  • Identify process efficiencies and streamline requirements to provide better client service and risk management.
  • Increase the profile of the CTMU function with internal and external stakeholders.
  • Business:
  • Maintain active dialogue with RCO/SCO and trading desks, understanding business requirements and the markets in general.
  • Contribute to team and division productivity goals.
Qualifications
  • "Hands on" Natural Gas Scheduling Experience
  • Preferably degree qualified or with relevant commodity and/or collateral management experience.
  • Skills in managing conduct, risk, people, products, processes, bank lending, business partnering, and process management.
About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
  • Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
  • Flexible working options based around home and office locations, with flexible working patterns.
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

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