Middle Office Analyst - Energy Trading Operations

About the Role

We are seeking a Middle Office Analyst remote to join our global Trading Operations team at Engelhart, based in our London office. This role focuses on UK & European trade operations while providing ad-hoc support to our North American Trade Control team. As a Middle Office Analyst remote, you will play a critical role in ensuring the smooth functioning of our trading operations.

What You'll Do

• Ensure the continued development of your team and provide cross-training for coverage during outages.
• Prepare and assist in daily P&L and position reports for multiple businesses, particularly within the European physical and financial Power & Gas markets.
• Perform daily reconciliations of trades and positions.
• Act as a liaison between trading desks, counterparties, and FCMs.
• Manage static data setups for internal systems (products, prices, etc.).
• Comment daily on P&L movements and explain major positions and risks taken by the desk.
• Reconcile internal systems versus external counterparties.
• Liaise with stakeholders (market risk, ALM, operations, finance, IT, business managers) as the main reference point for various aspects related to these businesses.
• Engage proactively in internal projects to enhance processes and controls.

Requirements

• Minimum of 3 years of experience within a commodities trading environment, with expertise in Physical and/or Financial European Power & Gas markets.
• Strong understanding of futures and options P&L drivers, with the ability to analyze and explain basic P&L movements linked to trading activity.
• Knowledge of exchanges: EEX and ICE.
• Familiarity with trade flow at commodity exchanges.
• Proficiency in Excel is essential; additional programming skills such as VBA, Python, and SQL are advantageous.
• Comprehension of risk management (VaR, drawdown, Greeks) is a plus.
• Proactive and self-directed with good interpersonal skills.
• Ability to develop solid working relationships across functions.

Nice to Have

• Experience with data analysis tools and risk management software.
• Knowledge of regulatory requirements in the energy sector.
• Experience in a fast-paced trading environment.

What We Offer

• Competitive compensation and participation in Engelhart’s discretionary bonus plan.
• 25 days of annual holiday entitlement, excluding UK public holidays.
• Robust benefits package including medical, dental, life insurance, and a generous pension contribution.
• Eligibility for external and internal training in accordance with our Training & Development Policy.
• A commitment to inclusivity and diversity in the workplace.