What are the responsibilities and job description for the Middle Office Pricing Analyst position at Engelhart?
About Us
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
This is an exciting opportunity to join our Global Middle Office team as an analyst based in either Houston or Stamford. The analyst will primarily perform a controlling function, involving daily P&L calculation and position allocation/management for multiple businesses. Additionally, the analyst will engage in daily reconciliations and the development of internal projects aimed at optimizing existing controls. This key role offers direct exposure to the trading desks, risk department, IT, accounting, and other internal stakeholders.
This will be a full-time role, owning the following responsibilities:
This person will be proactive and self-directed, with strong interpersonal and teamwork skills as well as the ability to develop solid working relationships across functions.
In addition, we believe the following experiences and skills will best set up this individual for success:
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
This is an exciting opportunity to join our Global Middle Office team as an analyst based in either Houston or Stamford. The analyst will primarily perform a controlling function, involving daily P&L calculation and position allocation/management for multiple businesses. Additionally, the analyst will engage in daily reconciliations and the development of internal projects aimed at optimizing existing controls. This key role offers direct exposure to the trading desks, risk department, IT, accounting, and other internal stakeholders.
This will be a full-time role, owning the following responsibilities:
- Preparing and assisting in the daily P&L and position reports for multiple businesses, specifically within the North American physical and financial Power & Gas markets.
- Performing daily reconciliations of trades and positions.
- Acting as a liaison between the trading desks, ISOs, and FCMs.
- Managing static data setups for internal systems (products, prices, etc.).
- Reconciling exchange and index curves against 3rd party systems to internal.
- Commenting daily on P&L movements and explaining and critiquing the major positions and risks taken by the desk.
- Reconciling internal systems versus external counterparties.
- Pricing Futures, Options, and Physical Power & Gas products.
- Liaising with different stakeholders (market risk, ALM, operations, finance, IT, business
- managers), serving as the main reference point for several aspects related to these businesses.
- Proactively engaging in internal projects to enhance processes and controls.
- Ensuring that processes are continually reviewed and improved, risks are managed, and results meet expectations.
This person will be proactive and self-directed, with strong interpersonal and teamwork skills as well as the ability to develop solid working relationships across functions.
In addition, we believe the following experiences and skills will best set up this individual for success:
- Minimum of 4 years of experience within a commodities trading environment, specific knowledge of Physical/Financial North America Power & Gas is an asset.
- Knowledge of some or all exchanges: CME, ICE, NODAL, and NGX.
- Previous understanding of financial derivatives (futures and options) and physical power and gas.
- Familiarity with trade flow at commodity exchanges.
- Proficiency in Excel is a must. Other programming skills, such as VBA, Python and SQL, are an asset.
- Knowledge about risk management (VaR, drawdown, Greeks) is an asset.
- Familiarity with the following applications is a plus: Bloomberg, Zema, SAP.
- Competitive compensation and participation in Engelhart’s discretionary bonus plan.
- 20 days of annual holiday entitlement, excluding US public holidays.
- Robust benefits package such as Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidised by the Company.
- Eligibility to receive external and internal training in accordance with our Training & Development Policy.