Our client is a global energy & commodity trading group; recognized as one of the most exciting and commercially driven Commodity Trading houses in the industry!
Working as a member of the EMEA Financial Operations team, the successful candidate will play a key role in the day-to-day functions across the various teams within Clearing Operations as well as be involved in a wide variety of projects and process enhancements. Products covered are varied and include primarily (but not restricted to) Oil derivatives, European Power & Gas, Metals and FX.
RESPONSIBILITIES:
- Completing intra-day and EOD controls to ensure all processes are running and all trades are feeding from source to books and records system.
- Experience and knowledge of Brokerage and Broker rate agreements.
- Responding to ad-hoc requests from Middle Office/ desks regarding positions, broker setup requests.
- Exchange/CCP & Broker Reconciliations
- Understanding and reporting listed options and futures expiries to the trading desks and middle office. Being aware of risks around the expiry processes on expiry day.
- Review KPI's daily to ensure aged items and outstanding issues are resolved in a timely manner.
- Ensure that all risk items are prioritized and escalated where appropriate.
- Working closely with multiple teams within the organisation and in multiple locations (IT, Credit, Scheduling, Trading, MO, Trade Finance)
- Regulation - Good level of understanding within the MiFID II space to ensure correct monitoring of MiFID obligations.
- To present business cases for self-driven or otherwise, initiatives and projects to senior management.
- Any other tasks as directed by your line manager.
- Analyse and develop team procedures in line with market requirements.
- Setting up of new entities on exchanges and with clearing brokers
- Transfer of positions across clearing brokers, clearing accounts and exchanges, represented both internally as well as on exchange/clearing broker.
EXPERIENCE REQUIRED:
- Ideal candidate will have 2+ years' experience in either clearing / listed derivatives operations or general commodities operations
- Experience of the Clearing/ Listed Derivatives world and daily interactions with clearing participants.
- Strong derivatives product knowledge, including knowledge of 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 call
- Good system skills (Openlink/ENDUR, Amphora, ICE Credit Management, ICE Clearing Admin, TLM, 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.