Middle Office Analyst

TL;DR

Middle Office Analyst (Power & Gas): Preparing daily P&L and position reports, performing trade reconciliations, and managing static data for European physical and financial Power & Gas markets with an accent on futures/options drivers and exchange operations. Focus on explaining P&L movements, liaising with stakeholders, and enhancing processes/controls for trading desks.

London, United Kingdom (office-based)

Company

Commodities trading company focused on energy markets, with expertise in quantitative analysis, risk management, and renewable power optimization following the acquisition of Trailstone.

What you will do

• Prepare and assist in daily P&L and position reports for European Power & Gas businesses.
• Perform daily reconciliations of trades and positions across internal systems and counterparties.
• Act as liaison between trading desks, counterparties, FCMs, and stakeholders like market risk, operations, and finance.
• Manage static data setups and comment on P&L movements, positions, and risks.
• Handle invoicing and settlement of Power Purchase Agreements for renewable energy contracts.
• Proactively engage in projects to improve processes, controls, and team cross-training.

Requirements

• Minimum 3 years in commodities trading, with specific expertise in Physical/Financial European Power & Gas markets.
• Strong understanding of futures and options P&L drivers and ability to analyze/explain movements.
• Knowledge of EEX and ICE exchanges and commodity trade flows.
• Proficiency in Excel (VBA, Python, SQL as assets).
• Comprehension of risk management concepts (VaR, drawdown, Greeks) as asset.
• Proactive, self-directed with strong interpersonal and teamwork skills.

Culture & Benefits

• Competitive compensation with discretionary bonus.
• 25 days annual holiday plus UK public holidays.
• Robust benefits: medical, dental, life insurance, generous pension, supplemental benefits.
• External and internal training per Training & Development Policy.
• Collaborative culture driven by values: Performance, Agility, Collaboration, Entrepreneurship.
• Inclusivity across diverse backgrounds.