Derivatives Analyst

Main Purpose:

Knowledge Skills and Abilities, Key Responsibilities:

Experience, Knowledge and Skills

Essential:

• Working knowledge on Derivatives - Equities, commodities and OTC
• Meticulous attention to detail
• Excellent communication skills
• Flexible attitude and self-motivated
• Multitasking abilities
• Proven ability to partner with global stakeholders
• Good Analytical and Reasoning Skills
• Fast learner and comfortable operating in a dynamic environment
• Degree educated or equivalent in numerate discipline or above
• Strong IT knowledge, Proficient in MS Excel, Power BI, Data Analytics , AI usage

Desirable:

• SME/end user experience on MUREX, Allegro, OpenGamma, FIA Tech platforms
• Working knowledge of reconciliation, settlements, Collateral / margin management of OTC/ETD products

Key Responsibilities

• Ensure all trades processed through clearing banks are correct & reconcile to trader’s records.
• Work with internal departments, external counterparties and exchanges to resolve discrepancies on trades
• Maintain all clearing accounts on the internal system daily basis, processing contract expiries and trade transfers between accounts
• Inform the Treasury department of the daily movement of cash received or paid to the clearing houses and perform derivatives settlements.
• Collateral management and OTC Margin call processing
• Perform Regulatory reporting for Regulations such as EMIR, MAS, Dodd Frank, REMIT, MIFID, CFTC
• Perform Position Monitoring (exchange vs internal) versus the Internal/External limits
• Provide Margin Optimization ideas between clearer’s/Exchanges
• Broker commission - invoice reconciliation and timely settlement.
• Post settlement accounting reconciliation
• Automation of activities to reduce the processing time of the tasks performed

Key Relationships and Department Overview:

Key Relationships

• Internal: Traders, Deals Desk, Treasury, Accounting, Credit, IT
• External: Clearing Brokers, Exchanges, Executing brokers
• External: OTC Counterparties

Department Profile

All of Trafigura’s global derivatives positions flow through this department which gives us a wide exposure to the different global derivatives contracts in the market. Swaps and Futures is the backbone of Trafigura’s trading structure and as such we are responsible for managing the complete lifecycle of Derivative positions and are the key point of contact for all front and middle office derivative queries. Communication within this department is not limited to internal stakeholders but with external counterparties as well to ensure that the business commercial requirements are met.

The nature of Trafigura’s business is constantly changing with new assets classes being constantly added, all team members are trained to be adaptive to meet this challenge. Whilst tasks might be process-orientated, team members are encouraged to think critically to improve the current workflow. Opportunities in this team exist for cross-training and multiple members of this department in the past have gone on to take on more challenging roles within the organization