Business Analyst

Role: Business Analyst

Location: London, UK (Hybrid)

Type: Contract Position

Please find below JD:

• Business analysis in calculating daily Management Information (position and P&L) for crude/lights/distillate/assets & derivative books.
• Excellent knowledge of Physical and Derivative Deal Life Cycles across Front, Middle and Back Office for Oil, including understanding of core concepts such as P&L, Exposure and Mark to Market(MTM) reports.
• Working closely with Commodity Risk & Front office Traders for Hedging and flat price checks to ensure exposure risk is managed on all the books.
• Ability to explain Profit & Loss movement on the attribution level post End of Day(EOD) such as Amendment, Market Move, Daily Pricing etc.
• Subject Matter Expert on Credit Risk, Demurrage, Deal capture/Contracts, Profit & Loss, Exposure & Cash and Working Capital, Exchanges etc.
• Strong knowledge on FX Exposure (both Pricing and Settlements) for trades using cross currency to eliminate the risk involved in foreign exchange rate.
• Understands the Trading strategy, sources of value from any exceptional trading incidences and ensuring the trading activities are within the trading limits.
• Continuous improvement through critical evaluation of current controls and processes in ETRM domain.
• Working in an iterative Scrum/Agile environment and engage in activities such as sprint planning, daily scrums, reviews and retrospectives.
• Strong understanding of the data flows between systems upstream and downstream of the Position Manager application and associated Excel Add-in (PMWS).
• Directing efforts to ensure systems respond to urgent business requirements such as new legislation (EMIR, Dodd-Frank) and trading in new commodities (North Sea Oil, Metal, CORN etc.)
• Liaising with Pricing & Settlements team to settle accruals queries and provide detailed analytical assessments of outstanding claims / costs to trading and Bench Commodity Risk.
• Deep dive into cross-product portfolio of freight and post fixture barge claims.

Project delivery:

• Supports the full project lifecycle including global delivery and Early Life Support.
• Supports and manages dependencies with other workstreams across I&E as and when required.
• Provides quality assurance on analysis deliverables through peer review.
• Delivers clear user communications and manages user expectations.

Essential experience and job requirements:

• Be highly analytical – able to problem solve, able to absorb large amounts of detail and able to see the big picture. Be able to manage conflicting ideas and demands to provide clarity.
• Be a good communicator – able to deliver a message effectively and concisely at all levels, on both a technical and a business level. Have excellent written and verbal communication skills.
• Be self-motivated and self-starting – able to work with little supervision and able to pick up new or unfamiliar concepts quickly. Be confident and demonstrate good judgement. Be able to work in a demanding development environment.
• Build team capability – identify best practice, build knowledge transfer artefacts, and perform knowledge transfer.
• Be an excellent team player, with the ability to influence others to achieve success.
• Understanding of business process, in particular relating to Commodity Risk
• Practical experience of working in an iterative/Agile development environment (including sprint planning, daily scrums, reviews and retrospectives)
• Experience in toolsets for managing requirements, for example, MS Whiteboard/Mural, SharePoint, Azure DevOps etc.
• Product Manager Experience of the full project delivery cycle