What are the responsibilities and job description for the Deals Desk Analyst, Power position at Trafigura?
As a Power Risk Analyst, you will ensure maintenance and improvement of core PnL data to increase accuracy and timeliness of the daily trading results. All responsibilities and accountabilities of the role remain based the core principles of risk management, the factors that drive them change on an hour-by-hour, day by day basis as the company discovers new and innovative ways to generate a wide and truly diversified portfolio.
You will be part of the team who is also responsible for the production and reporting of daily trading positions and management P&L, production and monitoring of daily trading P&L and volumetric exposure reports, post deal review and system reconciliation, enter inception PnL for all new trading strategies, and maintain the economics on these strategies throughout the trade lifecycle.
You will be part of the Houston-based Deals Desk Team, reporting to Regional Manager who is also based in Houston.
Key Responsibilities
Ability to independently justify the economics in each trading strategy in the power sector.
Understand the forward curve on daily basis for physical and derivative markets to current position and to explain the impact on the trading PnL.
Produce daily commentary for board of directors / traders to explain the daily changes in the trading profit and loss due to market changes/change in estimated/actual economics for the physical and derivative power trading strategies
Analyze exposure and report profit and loss including derivatives and physical exposure.
Monitor data entry of new business in the Mark to Market System.
Ensure all market price risk is captured and hedge actions executed.
Assess implication of changes to future physical deliveries, report, and discuss impact of hedge strategy.
Creation and maintenance of ad-hoc reports to assist in any area of position reporting /structure/hedging.
Full responsibility of data integrity held within the trading systems.
Produce comprehensive lookback analysis of Trading strategies, combining key risk metrics with review of historical performance.
Liaising with other key departments of Credit, Tax, Accounting and Scheduling to ensure smooth functioning of the day-to-day business translates into accurate reporting on a daily basis
User Acceptance Testing (UAT) with IT to constantly improve proprietary Trading and Risk Management systems. Ensuring all basis risk and volumetric positions are correct and appropriate hedge actions taken, and that all executions are correctly allocated within trading system.
Required Qualifications
Bachelor or Master’s degree in Finance or related field
Minimum of 3 years’ exposure to market risk management in Energy
Minimum of 3 years of experience in physical & derivatives Energy markets inclusive of its underlying structures and instruments, preferred in the Power sector
Solid understanding of trading models and trading strategies and exposures that arise out of them
Concrete understanding of Trading activities
Experience in Trading and Risk Management System, preferred Allegro/Horizon
Preferred Qualifications:
Python / SQL coding skills
Power exposure
Cross-product or Multiple Region market analysis exposure
Attributes for success
Ownership: Takes responsibility for accuracy and timely resolution of issues and deadlines
Attention to Detail: Demonstrates diligence and solid understand of receivables, challenge the results of what has been produced prior to distributing it.
Challenge: Thrives to improve processes and procedures to maximise efficiency.
Organizational Skills: Manages multiple priorities while maintaining data integrity
Resilience: Thrives in a fast-paced, high-pressure environment with competing priorities
Communication: Negotiates effectively, problem solving and make recommendations
Key Relationships
Physical Traders
Head of Trading Books
Head of Deals Desk (Risk Analysis)
Derivatives Traders
Finance
Credit
Operations
Department Overview
Deals Desk within Trafigura is a global middle office team providing risk analysis globally on a real time basis. Our primary responsibilities revolve around monitoring all elements of risk and exposure related to our commercial activity and report it directly to the board on a daily basis. We serve in a support role for traders through which requires daily interaction with operations, finance and accounting teams. Commercially, we add value by providing traders with risk assessments and analysis, which highlight their exposure, optionality and PnL. These reports are essential to help them make the right commercial decisions and optimize the opportunities their portfolios generate, all the while providing deals desk employees with an unprecedented front office learning experience in the world of trading.
Equal Opportunity Employer
We are an Equal Opportunity Employer and take pride in a diverse workforce. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.