Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry!
As a member of the EMEA Settlements and Collateral team within EMEA Financial Operations, the successful candidate will be responsible for the day-to-day functions within the Settlements team and occasionally in Collateral, while having the opportunity to be involved in a wide variety of projects and process enhancements.
Products are varied and include European power & gas, LNG, FX, IRS, emission allowances and voluntary carbon offsets as well as oil financial derivatives and related brokerage fees.
Job description:
- Communication with counterparties, invoicing and settlement of physical commodities settling on a monthly cycle and on ad hoc basis as traded.
- Confirming and processing all derivative transactions through the month
- Analysing TSO entries made within the ETRM system to accurately reconcile invoices.
- Agreeing and processing daily within day FX settlements within tight deadlines
- Owning and proactively chasing, escalating, and resolving breaks and fails.
- Back up to daily collateral margining and monthly collateral interest reconciliations
- Effective prioritisation amongst all tasks
- Working closely with other team members to ensure nothing gets missed and all tasks are completed within deadlines.
- Timely and effectively escalating to superiors where necessary.
- Problem solving for various issues effecting settlement (e.g., pricing differences, new static data etc.)
- Liaising with multiple teams within the organisation and in multiple locations (IT, Credit, Scheduling, Trading, MO, and Trade Finance)
- Analysing and developing team procedures when needed
- Focusing on continuously improving existing processes, identify, initiate, and work through process enhancements and automations.
- Seeing through to completion ad hoc tasks requested of the team.
- Running daily and monthly reports to analyse breaks in cash and unprocessed items within the systems.
- Dealing with and resolving to completion cash clearing issues
Requirements:
- The ideal candidate will have strong experience in commodities settlements including at least some experience of UK & European Power and Gas, LNG, Oil Derivatives & Emissions
- Experience in OTC collateral margining is an advantage.
- Demonstrates ownership of tasks
- An excellent understanding OTC commodities trade lifecycle
- Strong grasp of operational risks
- Ability to communicate effectively to different seniority levels both verbally and in writing.
- Good time management, and ability to prioritise effectively.
- Strong numerical skills
- Excellent MS Excel skills, VBA a plus
- Familiarity with Openlink/Endur and or ICTS is an advantage.
- Committed to seeing issues through until they are resolved.
- Demonstrate the ability to work independently and as part of a team.
- Eager to learn and take on new and complex tasks.
