Senior Settlements Analyst

Group 29



Stroke 1

Role Type


Group 7


London, UK

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


  • 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.


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