Deals Desk Analyst, Oil

Trafigura • Calgary, AB

10d • Onsite

About The Position

As a Risk Analyst for Oil, you will ensure the maintenance and improvement of core PnL data to increase the accuracy and timeliness of daily trading results. All responsibilities and accountabilities of the role remain based on 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 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, entering inception PnL for all new trading strategies, and maintaining the economics on these strategies throughout the trade lifecycle. Join the Calgary-based Deals Desk Team, reporting to the Deals Desk Team Lead with professional communication directed to the Global Product Manager.

Requirements

• Bachelor or Master’s degree in Finance or related field
• Minimum of 1 year exposure to market risk management in Energy
• Minimum of 1 year of experience in physical & derivatives Energy markets inclusive of its underlying structures and instruments, preferred in the Oil Sector
• Solid understanding of trading models and trading strategies and exposures that arise out of them

Nice To Haves

• CFA charter-holder/candidate
• Python / SQL coding skills
• Oil Exposure

Responsibilities

• Independently justify the economics in each trading strategy in the oil sector.
• Understand the forward curve on a daily basis for physical and derivative markets in relation to the current position and explain the impact on the trading PnL.
• Produce daily commentary for the 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 oil 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 the implication of changes to future physical deliveries, report, and discuss the 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 a review of historical performance.
• Liaise 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.
• Ensure all basis risk and volumetric positions are correct and appropriate hedge actions are taken, and that all executions are correctly allocated within the trading system.

Benefits

• We are an Equal Opportunity Employer and take pride in a diverse workforce.
• At the heart of global supply, Trafigura connects vital resources to power and build the world.
• We are accelerating our investments in renewable energy, including hydrogen, ammonia and other low-carbon energy technologies required for the transition to a low carbon future.
• We are committed to responsible business practices and we work with our stakeholders to improve environmental and social standards, bringing greater trust and transparency to global supply chains.
• A career at Trafigura offers a gateway to working on some of the most exciting challenges of a rapidly changing world – from helping to optimise supply chains to developing infrastructure and new markets.
• In a culture that is founded on openness and energy, our people work as part of a multinational, globally connected team and thrive in a fast-paced environment where they can nurture and commercialise bold ideas.
• Everyone has a voice and is empowered to collaborate across geographies and disciplines to help shape our business and the wider world.
• We know the importance and value of diversity in our business and we invest in attracting, developing and retaining talent from all backgrounds.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level