Job Details

Commodities Trade Support

Description

The Back Office team for Commodities supports the European Commodities Business across the following business lines: Gas, Power, Coal, Freight, Emissions, Oil, Base and Precious Metals, Softs and Weather. Trading is both physical and financial.

Products range from vanilla derivatives to complex options and structured and hybrid products.

The Commodities Back Office Group is a team of 14 people who provide contract administration and trade position support to the European Commodities Business.

The team is responsible for the accurate and timely drafting, reviewing and execution of confirmations between our client and third parties and accurate reconciliation of daily trading positions.

This person will be part of the team covering the activities of our Power, Gas, Emissions desk.

? Daily reconciliation of deal tickets, broker and counterparty confirmations ensuring that all information held in the Commodities trading systems is accurate.

? Daily reconciliation of Commodities trading desk positions requiring daily involvement with Front Office, Product and Financial Control.

? Ensuring the company receives fully completed confirmations on all transactions within a given time frame.

? Production and review of confirmations (as appropriate) in compliance with all appropriate formats and contracts, working closely with Credit, Legal, Marketers, Trading Desk and Counterparties

? Ensure that all correct control procedures are adhered to and a full audit trail is recorded and maintained at all times.

? Assist in streamlining of all Back Office procedures and become actively involved with system development ranging from technical enhancements to new product release.

? Production and analysis weekly reports for Management.

? Working as part of a team to meet daily deadlines.