Deals Desk Analyst, Power

Trafigura • Houston, TX

10d • Onsite

About The Position

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.

Requirements

• 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

Nice To Haves

• Python / SQL coding skills
• Power exposure
• Cross-product or Multiple Region market analysis exposure

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.

Benefits

• We are an Equal Opportunity Employer and take pride in a diverse workforce.
• 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