Trading Accountant; Oil and Gas

Recruiter
Insight Recruitment Solutions
Location
London
Salary
50000.0000
Posted
11 Feb 2017
Closes
11 Mar 2017
Sector
Engineering
Contract Type
Permanent
Hours
Full Time

Our Client is a leading Commodity Trading house with a truly global reach; this role exists within the Energy Trading business which trades various products including Oil & Gas.

Main Job Function / Key Responsibilities

  • Monitor the timely and accurate daily market exposure and profit and loss reporting for derivatives trading books
  • Analyse and investigate p&ls trading results focusing on traders performance and market trends
  • Spot and remedy any problems with relevant data (transaction, market or reference data)
  • Develop and manage oil derivatives price quotation data and contribute to the development of the forward curve automation process
  • Perform market liquidity assessments and coordinate the new product approval process together with all the internal relevant functions
  • Monitor traders’ adherence against their delegated authority, contribute to the development of a mandate scheme to be implemented embedded in the ETRM system
  • Monitor the daily derivatives trades validation process managing internal and external relationships
  • Reconcile management information to accounting data on a timely and accurate basis
  • Implement & improve risk measures processes accordingly to the company policies and procedures
  • Actively participating and contributing in the ETRM system implementation process designing the to be end of day closing process
  • Contribute to new business initiatives, systems or process improvement projects
  • Contribute to the improvement and automation of the daily exposure and results reporting processes
  • Guarantee compliance for trading procedures with relevant controls
  • Train other teams and share expertise
  • Maintain a good knowledge of the market conditions and underlying physical assets.

Candidate Specification

  • Mid-office experience; Relevant experience within a Risk Management environment in an OIL/GAS/POWER utility company / financial institution or pure trading company
  • Knowledge of financial hedging on oil/products; knowledge of hedge accounting principle
  • Knowledge of control processes applicable in a trading / regulated environment;
  • Robust interpersonal communication skills
  • Familiarity with asset commercial performance measurement concepts;
  • Familiarity with trading tools such as Web Ice, CME Direct, Trayport,
  • Bloomberg, Reuters
  • Advanced knowledge of MS Office, VBA

Qualifications

  • University degree preferably in Economics, Finance, Statistics or quantitative discipline.