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Commodity Risk Analyst

Posted: 8 Oct 2019 Closes: 7 Dec 2019
City of London, London Competitive
Permanent & Full-time 109301BR_1570532665

We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day.

Role Synopsis:

The Commodity Risk (Product Control) Analyst is a key control position within the Commodity Risk (Product Control & Risk) and Integrated Supply & Trading Finance organization. This role is accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a
business enabling partnership. This position requires a deep understanding of the activities within Product Control Analytics and market risk in order to meet the team's core accountability of delivering independent daily exposures, P&L reporting and analysis. The successful candidate will initially be assigned to a Products bench executing control accountabilities there. Moving across benches to broaden experience is encouraged over the tenure of a Commodity Risk Analyst candidates' time working in Commodity Risk


  • Responsible for providing independent, timely, globally
  • aligned and accurate valuations of trading book position, exposure, performance data and analysis to facilitate trading execution, control of trading, management reporting, market risk management, credit risk management and compliance
  • Develop a deep understanding of IST's the Products trading business, exposures, strategies and market fundamentals
  • Validating integrity of management information provided to Financial Accounts for the Group Accounts and financial disclosures
  • Independent understanding to identify/escalate and mitigate financial, operational & reputation risk related to trading book positions and exposures
  • Supporting the remediation of working capital related issues. Forecasting, allocation and optimization of working capital for ensuring book remains within limits
  • Provide support for entering/exiting new instruments/markets & growth/contraction of existing business via effective due diligence
  • Operate in accordance with Operating Standards and Control Processes in relevant region
  • Hold relationship with relevant Traders and Operational Leadership

Essential Experience:

  • Business experience in financial accounting and/or control within a trading environment
  • Good knowledge and understanding of energy trading markets and instruments
  • Ability to work in a team, with the ability to train and develop other team members
  • Strong understanding of key controls used to mitigate risks
  • Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects)
  • Innovative approach to problem solving
  • Attention to detail and ability to work within a very deadline orientated environment
  • Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers
  • Knowledge of the front to back Deal Life cycle, the role of Commodity Risk (Product Control) through this cycle and the applications employed
Desirable Qualifications:
  • MBA or other financial certification including CFA, ACA, CPA.
  • Experience in process reengineering and use of new technologies (e.g. Python, Power BI)
  • Solid understanding of Market and Credit Risk functions


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