Senior Product Control Analyst – Oil

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Permanent

Group 7

Location

London, UK

Our client is a trader of Commodity and Energy products including, Gas, Power, LNG and Oil, based in Central London. They offer a unique chance to work within a growing and diversifying business, with a strong commercial appetite.

As Senior Product Control Analyst, you will primarily support the Oil Trading team, and the role essentially requires previous Product Control/Risk Management experience within the Commodity trading sector. The ideal candidate will have specific Oil knowledge; but experience with other commodity products will also be considered favourably.

RESPONSIBILITIES WILL INCLUDE:

  • Responsible for ensuring that the position, P&L reporting, and commentary including trading costs (accrual, provisions, and actuals), are meaningful, transparent and timely, for the assigned business area within the Oil Business Units, Attributing and communicating in a meaningful way.
  • Daily interaction with relevant trading team and other front/middle office departments to support business risk management requirements.
  • Provide regular commentary on book performance and strategy, showing clear understanding and control to a variety of audiences.
  • Provide insightful management information and analysis as required and to proactively seek to support wider business stakeholders and needs.
  • Support and act as an escalation point for Oil Trading DoA and limit breaches.
  • Responsible for weekly/monthly/quarterly controls and input into close processes as required for designated business area.
  • Ensure integrity of data through the implementation of suitable controls, and regular review and management of data sources.
  • Responsible for setup of controls for new business initiatives, ongoing maintenance, and development and improvement thereafter as required.
  • Responsible for communicating and escalating the development and maintenance requirements of IT infrastructure in support of business growth.
  • Support the wider team by utilising cross cover capabilities for other team members and to support overall team flexibility.

EDUCATION & QUALIFICATIONS REQUIRED:

  • Degree level education, preferably in Business/Finance/Banking/Mathematics/Statistics/Engineering or with appropriate working experience.
  • Additional job-related professional qualifications an advantage

SKILLS, EXPERIENCE AND COMPETENCIES REQUIRED:

  • Proven background in Commodities Product Control and/or Market Risk or Trading.
  • Very strong understanding of Oil trading and risk management in the context of physical oil products. Experience in biofuels would be an advantage.
  • Strong Communication skills – ability to interact with a variety of departments and tiers.
  • Commercially aware
  • Team player and able to operate under tight deadlines
  • Track record of improving (or devising and implementing) controls and procedures.
  • Experience of market risk techniques and procedures an advantage.
  • Skill in VBA and experience of Symphony an advantage
  • Experience of managing or supporting significant business growth.
  • Project management experience;
  • Able to take, and maintain, an independent approach and challenge where appropriate.

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