Analyst, Front Office, Commodities

  • Market rate
  • London, England, United Kingdom
  • Permanent, Full time
  • ICBC Standard Bank Plc
  • 13 Oct 18

Working on the trading floor as a Front Office Analyst within the Energy and Bulk Commodities team, you will be managing the risks associated with complex structures that involve a mix of physical & financial commodities as well as funding transactions. Opportunity to start your career in Front Office, you will be required to have strong mathematical / analytical skills, and highly detail oriented with some exposure to physical commodities (oil / refinery) business. Our experience in the Bulk and Energy market and our access to capital markets positions us well to provide such financing solutions across the energy spectrum.

Analyst, Front Office, Commodities

Working on the trading floor as a Front Office Analyst  within the Energy and Bulk Commodities team, you will be managing the risks associated with complex structures that involve a mix of physical & financial commodities as well as funding transactions.

Opportunity to start your career in Front Office, you will be required to have strong mathematical / analytical skills, and highly detail oriented with some exposure to physical commodities (oil / refinery) business.

ICBCS is a leading financial markets and commodities bank, our experience in the Bulk and Energy market and our access to capital markets positions us well to provide such financing solutions across the energy spectrum.

The key responsibilities within this role will be;

New transactions
• Work with Structuring to understand clients’ needs and provide tailored product and solution
• Assess physical, financial, credit and operational risks associated to new transactions and possible hedges/mitigants /risk-recycling opportunities
• Review feasibility of new transactions in terms of operations and booking
• Negotiate physical parameters in contract
• Liaise with whole front-to-back deal team during the setup and executions of transactions, including external counsels
• Pricing of initial and future funding requirements
• Ensure all documentations are in place and commodity specs and locations are as agreed before trade execution

Book Management
• Book/amend physical trades to reflect full deal lifecycle and liaise with internal support functions to ensure completeness
• Manage any open price risk through TAS and other financial instruments
• Ensure physical and paper positions are correctly captured in systems at all time
• Manage funding requirement of the overall portfolio
• Review trading pnl
• Manage scheduling
• Supervise payments of cargos, sales and associated costs (demurrage, port costs and freight) invoices
• Inventory monitoring and reporting on daily basis and ensure inventory limits are respected with regards to insurance limits; reconcile inventories to internal system
• Manage terminal and warehouse inspections and ship vetting process using independent inspection and ship vetting companies.
• Participate and assist in IT projects relating to developments for physical commodities business
• Verify and agree supplier’s cargo purchase contracts
• Produce management information on transactions for senior management
• Standardise and streamline processes to enable scalability of the platform

Preferred Qualifications and Experience
• Some understanding of physical commodity and asset-backed financing
• Good Front to Back understanding of the Business Model
• Internal processes (Credit, Market Risk, Regulatory Capital, Product Control, Operations, Insurance, etc)
• External processes (Inspection Agents, Assayers etc.)
• Understanding of the role third parties have in our business in terms of oversight and control.
• Strong communication skills, enthusiastic, fast learner
• Commercially minded

Personal attributes:
•  Global mindset
•  Resilience
•  Client mindset
•  Pays attention to detail
•  Results-orientated
•  High level of integrity

The role would suit someone who is:
•  Able to navigate complexity
•  Can work in ambiguity