Power Trading Product Controller needed for Tier one global investment banks Houston base energy trading arm.
Power Trading Product Controller needed for Tier one global investment banks Houston base energy trading arm.
- Power Trading Product Controller | Global Commodities trading firm.
- Houston| USA
- Base Salary – $120,000 –$150,000 + exceptional bonus additional benefits
Tier one global investment bank is looking for a Senior product controller in their Houston based energy trading arm.
The role.
- Production and analysis of PL, including relevant reporting on energy products
- Implementation of new products and processes
- Generate, analyze and report daily, measures of market risk in the trading portfolio. Provide explanations and commentary on market risk measures (VAR, daily drawdown and stress test).
- Analyze changes in trading P/L, back test against market risk measures and explain against market and non market factors.
- Month end reconciliations/review
- Daily position exposure monitoring and reporting to traders, highlighting concentration and hedge requirements, and position exposure implications or changes resulting from the change in physical trade facts. Daily Profit Loss computation validating this against market movements or other costs / revenues.
- Risk PL reconciliations
- System enhancement - Work closely with project manager and system support team to continue developing platforms. Provide key input and requirements for major additions to service, and testing of enhancements before systems get released into production.
- Daily interaction with Operations staff on various aspects of physical oil logistics, quality and costs.
- Liaising with Financial Control team on accounting matters or trade / cost capture in accordance with company guidelines and generally accepted accounting principles.
- Tracking of physical trade movements and notifications and update the relevant trades in the system.
- Ad-hoc trader support and analysis – historical price movements / cargo movements / PL investigations or analysis, etc.
The Ideal Candidate
- Strong accounting background, with previous experience in a commodity trading environment highly beneficial
- University degree in Finance or quantitative subject (Science, Engineering in a science/engineering/economics subjects involving strong numerical skills
- Experience in the liquids market, preferably focusing on energy products.
- Ability to handle large amounts of data from various sources efficiently and accurately
- Strong at forming relationships across the business and working effectively with different teams
- Experience of Front Office liaison
- Highly committed individual, keen to push the team into new areas and able to express themselves effectively to all areas of the business, from junior analysts to senior level traders.
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