Associate, Energy Derivatives Valuations/Product Control
KEY ACCOUNTABILITIES:
1.Profit Loss Reporting
-Manage Profit and loss from Energy trading activities, and evaluate the accuracy of trader supplied valuations. It includes calculating and analyzing PL be able to explain PL movements based on attributions such as Delta, Gamma, Vega, Cross Sensitivities Etc. Liase closely with multiple groups such as Operations, technology, Market Risk to resolve issues.
2.IPV Valuation Reserves
Obtain independent quotes for the trading portfolio from third party energy commodity valuations for linear and non linear products and revalue portfolio. Perform calculation of various valuation reserves.
3.System Specifications
-Assist in formulation of system specifications for new products. Support process and system improvements through leading and participating in various project initiatives.
4.Management Reporting
Identify issues that require escalation to senior management and provide recommendations for resolution. Act as a source of knowledge for energy business within Business Unit Control and provide required support to other areas e.g. Operations, Technical Support, Market Risk Etc.
Who are we looking for:
- Post-graduate degree in finance or a quantitative discipline would be desirable.
- 3 to 5 years of experience in Commodities trading business with direct experience in energy derivative products and heavy focus on Non-Linear products (Swaptions, Options) and valuation.
- Strong analytical and financial modeling skills
- Leadership skills - ability to promote Control culture in a front office environment
Business Coverage: Crude oil, refined products, natural gas and liquids, emission credits, agriculture and power trading businesses. Products include financial derivatives (OTC and exchange-traded swaps, options, futures) as well as physical products (storage and transportation).
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