Middle Officer

Job Title:

Middle Officer

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Summary of Company

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers. Founded in 2000, Gunvor reported revenues of $90’929 billion (USD) on volumes of 137 million MT in 2014.

Gunvor has more than 1,400 employees, of which more than 200 operate in the company’s Geneva office. Geneva is one of Gunvor’s fastest growing offices, reflecting the organic growth of the company and its trading and investments. Gunvor also maintains offices in Singapore, Moscow, Abuja, Beijing, Amsterdam, Nassau, Dubai and Tallinn, with new offices planned in strategically relevant markets.

To support its logistics operations, Gunvor wholly owns Clearlake Shipping, one of the largest charterers of tanker vessels in the world and an operator of drybulk vessels and cargoes. Since 2003, Clearlake has operated around a high-quality fleet of Tankers, Gas Carriers and drybulk vessels on a time-charter basis to accommodate Gunvor’s growing needs for ocean transportation across all major ocean routes, in addition to the needs of third-party business.

Main Responsibilities

Daily monitoring of the trading Position & Profit and Loss (PnL)

Daily pricing exposure reconciliation with trading & operations (Ops)

Validate position and PnL in an timely manner

Report position and PnL daily to management

Review and maintain information reliability in in-house ETRM system, including costs

Build & monitor in-house forward curves in ETRM including front to back implementation for market assessment

Check accuracy and consistency of forward curves vs market values

Complete and improve upon daily processes such as market data checks, trade completeness and regulatory reports

Coordinate and check intercompany deals with other desks/offices of the group

Check and reconcile futures trades between ETRM and clearing agents & exchanges

Liaise and coordinate as needed with Ops (or similar functions) and back-office

Check and monitor MTM of physical deals entered in ETRM

Allocate hedges in strategies, as the case may be

Check & compare costs in ETRM vs Ops costs and invoices

Monitor exposure/VAR and inform management in case of limits breaks

Verify and reconcile end of month results with accounting

Back up for other desks as needed

Work with Front Office, IT, Ops, Finance & Credit as the case may be

Profile

One - Five years’ experience in Middle Office in a commodity trading environment with comprehension of energy trading, related trading experience can substitute

Trading system experience, programming/SQL/IT skills seen as an advantage

Experienced user of Microsoft Office with an emphasis in Excel

Demonstrated business analysis skills

Demonstrated knowledge of commodities

Project Management skills

Proactive / self-motivated

Rigorous and detail oriented

Good verbal and written presentation skills

University Degree

US working permit

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.