Want to join us on our journey?
This opportunity is in the well-regarded Global Middle Office team, based in London.
The successful candidate will be involved in all aspects of the team’s activities:
- Daily Economic Valuation/Exposures/Attribution reporting of all open exposure; Monthly IFRS compliant reporting;
- Independent Price Verification (IPV) and market curve data management;
- Facilitating the operational readiness of new products;
- Development activities including continuous improvements to the Middle Office processes;
- Developing analysis tools and reports; valuation and exposure analysis on new structured transactions.
What you will do?
Reporting & Control:
- Generation of an Independent T+1 daily economic P&L revaluation, exposure reporting and full attribution thereof linking back to underlying market and position changes
- Closely working with the Commercial Teams to ensure full understanding of the rationale for positions held / trading strategies that are applied, and on a daily basis ensuring the P&L changes and financial exposure modelling are understood
- Preparation of monthly IFRS complaint portfolio valuations, with full explanation of any variances to the daily Economic P&L, ensuring understanding of the appropriate accounting frameworks
- Implementation and administration of the daily Independent Price Verification (IPV) and settlement curve integrity processes
- Create and prepare periodic and ad-hoc valuation reports for senior management (weekly and monthly valuation reporting, IFRS Risks analysis, Economic vs IFRS valuation differences)
- Conduct any ad-hoc/one-off portfolio analysis upon both the Front Office or any other Support Function requests with regard to both the economic and IFRS valuation impact of a new commercial transactions/hedging strategies
- Develop, implement and maintain the Product Control reporting framework within the SEFE M&T policies, supporting the development of these policies as necessary
Systems Development:
- Contribute to the Operational Readiness process for the trading of a new product and/or the execution of a new bespoke complex structured transaction, ensuring relevant aspects of the DLC are adhered to
- Design, specify and UAT any functionality delivered through systems development and enhancement. Regularly review the existing Reporting & Control system in the light of the ever-changing nature of the portfolio and external market conditions
- Proactively identifying and prioritising both IT supported initiatives / end user tactical solutions to improve team efficiencies and reduce operational risk and controls
Skills & Competencies
- Sound knowledge of Middle Office best practices across the Deal Lifecycle, with experience in commodity valuations
- Conduct high-calibre deliveries in a timely manner in a fast-growing working environment; particularly fostering feasible albeit robust solution to problems within the imparted timeline;
- Manage stakeholder’s expectations, particularly to develop and maintain trust and close partnership with both the Front Office and other Support Functions;
- Strong verbal/written communication skills, with the ability to present complex concepts in a simple and immediately understandable way tailored to the audience;
- Very good analytical skills to review/assess a standalone complex structured transaction and/or a large trading portfolio;
- Be a high-calibre performer with a proven track record of significant deliveries through innovative thinking
What you’ll bring to the role?
- Prior experience in a Middle Office role, environment dealing with reporting, controls and systems development;
- Good understanding of the energy commodity market, with prior expertise in one or more asset in this list is preferred; Natural Gas and Power
- Experience in commodity valuations, across both linear structures and non-linear products (Vanilla Options, Storage, Transportation) is preferred
- Excellent Excel skills; Experience in VBA/SQL/Python or any other programming language is a preferential
Our offer to you
In return we offer a competitive starting salary supported by a comprehensive, and broad reaching benefits package which includes
- bonus earning potential
- non-contributory pension
- 25 days holiday plus bank holidays and volunteering days
- buy / sell holidays
- life assurance
- medical and dental insurance
- range of optional flexible benefits
Who are we?
Securing Energy for Europe – it’s a simple statement, with a bold ambition. SEFE is not just our name, but also encompasses everything that drives us. To accomplish this, we’re taking immediate action to secure gas supply – but also looking forward, to explore our role in the European energy transformation and how we can contribute to a stable and sustainable future.
SEFE, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.
Join SEFE and help us secure gas supply across Europe and shape a better, more sustainable tomorrow.
Securing energy – now and for the future.
