Derivative Accountant recruitment

Blue Chip Commodities Trading Group based in Canary Wharf, London. We are looking for a Derivative Accountant to join our finance team.

We are a self clearing on ICE Futures and therefore the team is responsible for claiming of all trades done directly on the exchange as well as through execution brokers. The team has responsibility for reconciling positions and PNL with the clearing house the following morning and verifying the margin payments to the exchange. In this role you will work closely with the Brent and Gasoil Futures Options (FO) execution traders in London as well as having contact with the US FO traders to resolve issues in real time. Due to the nature of the regulatory environment and the high volumes traded by the team also work closely with Compliance to ensure accurate and timely position reporting is available at all times.

The team also performs daily reconciliations for a model based trading book with futures and options positions across a variety of exchanges and a wide portfolio of commodities cleared through a broker.

In addition the team also monitors and reconciles Gas Power trades covering Natural Gas and a range of power and emissions exchanges in Europe and the UK.

Key accountabilities: We bring together under one umbrella, all the trading activities within the group. This position is part of the Product Control Global Operations team. The position is based in our state of the art trading offices in Canary Wharf.

Accountabilities include: -
• Working with Oil and Gas Power Accounts teams to ensure any Derivative PL is reflected in the ledgers accurately and reported in accordance with the month end timelines and Group Policy.
• Complete Oil, Gas, Power and Freight Broker Reconciliations, Report these to management and/or Auditors and investigate any discrepancies.
• Point of contact for all MI/MA breaks; cash team queries; systems support projects and other regions relating to Derivative trading.
• Post exchange and broker fees ensuring correct allocation to the correct trading chains and trading entities.
• Support new trading initiatives that will include broker set–up, SAP testing, new products or instruments and cash management clearing agreements with the broker/exchange.

Essential experience and job requirements:
Significant Back Office experience.
Previous experience of LIFFE, IPE, ICE or CME exchanges.
Margin Reconciliation knowledge.
Excellent Knowledge of SAP
Excellent Excel capabilities
Knowledge of Openlink
Strong interpersonal and communication skills

Desirable criteria qualifications:
Formally recognised Accounting qualification (ACA, CPA etc)
Degree educated