Middle Office Analyst

• We explore and discover the limitless possibilities of energy so we can all progress. We believe in the power of talent to shape the future. That’s why we’re looking for curious, bold individuals who are eager to grow and create new ways forward—people who want to join us in building a more sustainable, innovative, and inclusive world.
• We strongly believe that diversity fuels creativity and innovation. That’s why we welcome professionals who are ready to grow, learn, and bring their perspective to the energy challenges of today and tomorrow.
• Here, you’ll find a place to grow and unlock your full potential.

Key information

Team : Wholesale Gas and LNG

Location : Madrid, Spain

Experience level : 1-3 years

Job type : hybrid

Requirements: English B2 or higher + Bachelor's degree or higher.

The team you are joining

Reporting to the Manager, Middle Office and Structuring Analysts, the Middle Office Analyst will play a key role in supporting the Wholesale Gas, LNG, and Power Trading business by ensuring the integrity of trading activity, risk reporting, valuation processes, and operational controls across the trade lifecycle. Acting as a critical link between Front Office, Risk, Back Office, and support functions, this position is responsible for monitoring exposures, validating positions and P&L, supporting risk reporting, investigating discrepancies, and driving continuous improvements to trading processes and controls. The successful candidate will possess strong analytical and problem-solving skills, a solid understanding of energy trading markets, and the ability to work effectively in a fast-paced and evolving trading environment.

Main tasks

• •Support daily middle office activities including position validation, exposure monitoring, P&L reconciliation, valuation review, and risk reporting.
• •Validate trade capture and ensure the accuracy and completeness of transactions across trading systems.
• •Analyze and explain daily profit and loss movements, market exposures, and valuation changes.
• •Monitor compliance with risk limits, trading mandates, and internal control requirements, escalating issues where appropriate.
• •Investigate and resolve trade, pricing, position, or settlement discrepancies in collaboration with Front Office and Back Office teams.
• •Produce regular management reporting related to market risk, trading performance, exposures, and operational KPIs.
• •Support month-end, quarter-end, and audit processes by providing analysis and documentation as required.
• •Identify opportunities to improve processes, controls, reporting, and automation within the middle office function.
• •Participate in the implementation of new products, markets, systems, and business initiatives, including the expansion of Power Trading activities.
• •Build strong working relationships with traders, risk managers, operations, finance, and technology teams to support effective front-to-back business management

What we offer

Permanent contract

Bonus according to objectives

Medical insurance

Contribution to pension plan

Digital disconnection

Conciliation measures

Legal advice

Employee support services

You will fit the position if

• •Bachelor's degree in Finance, Economics, Engineering, Mathematics, Business, Energy Management, or a related discipline.
• •1-3+ years of experience in energy trading, commodity trading, middle office, risk management, trade control, or related commercial support functions.
• •Understanding of physical and/or financial gas, LNG, power, or commodity trading markets.
• •Experience working with trading and risk management systems (ETRM experience preferred).
• •Strong analytical and quantitative skills with advanced Excel capabilities.
• •Ability to analyze large datasets and identify trends, anomalies, and risks.
• •Excellent communication and stakeholder management skills with the ability to interact effectively across Front Office, Risk, Finance, and Operations.
• •Demonstrated attention to detail, strong organizational skills, and a commitment to maintaining a robust controls environment.
• •Excellent written and verbal communication skills