Job Description

ROLE OBJECTIVES

Supporting GM&T’s continued growth in commodity and derivatives trading, GM&T’s Global Trading Operations team is looking for a highly motivated, analytically minded individual to join its Product Control team on a permanent basis.

The role offers the opportunity to learn both about the commodities and markets GM&T trades, as well as the derivatives and contract structures executed within them. Further, the individual will learn how these positions are valued in GM&T’s risk reporting and stat accounts, as well as how changes in this value are explained and attributed to a number of market factors.

DUTIES & RESPONSIBILITIES

• Daily economic profit and loss, as well as financial exposure reporting, for a selection of GM&T’s trading strategies including but not limited to Gas storage, Gas Options and Natural Gas swing contracts.
• Fully attribute daily P&L change to new deals, movements in market curves and basis spreads, as well as volumetric and other transaction updates.
• Support the month-end financial closing processes for at least one GM&T legal entity.
• Work closely with GM&T’s Trading Capability, Front Office, Market & Operational Risk and Finance teams to complete “Operational Readiness” projects, ensuring new products, derivatives and contract structures can be integrated successfully into GM&T’s Middle Office.

SKILLS & COMPETENCIES

• Strong analytical skills (e.g. ability to understand impact of market changes on P&Ls, as well as economic events in the lifecycle of a deal)
• Understanding of the deal-lifecycle of typical commodity trade types (forwards, futures, swaps & options)
• Excellent numerical skills with the ability to problem solve in a logical & commercial manner.
• Able to work effectively in a fast moving, changing environment
• Highly motivated and proactive individual and team player
• Able to manage sometimes differing priorities of multiple parties
• Communication and influencing skills
• Strong business partnership skills

EXPERIENCE

• Prior knowledge and exposure to commodity option and forward contracts. Previous experience of Natural Gas storage and option structures, preferred but not essential.
• Trading deal lifecycle experience, whether directly involved in a front, middle or back office/financial reporting role, or as a business or process analyst thereto.
• Experience of mark-to-market (fair value) calculation for derivatives transactions is a necessity.
  Experience of Microsoft Excel is a necessity

EDUCATION

• Part of Fully Qualified Accountant (e.g. ACA, ACCA or CIMA) desirable
• Degree level education, preferably in a numerate discipline (or equivalent experience).

Required Knowledge, Skills, and Abilities

• Prior knowledge and exposure to commodity option and forward contracts. Previous experience of Natural Gas storage and option structures, preferred but not essential. • Trading deal lifecycle experience, whether directly involved in a front, middle or back office/financial reporting role, or as a business or process analyst thereto. • Experience of mark-to-market (fair value) calculation for derivatives transactions is a necessity. Experience of Microsoft Excel is a necessity