Main Purpose
The Deals Desk is a middle office team providing market and risk analysis globally. The team’s primary responsibilities revolve around monitoring all elements of the risk and exposures related to commercial activity and report it directly to the Management Board on a daily basis.
Commercially, the team adds value by providing traders with risk assessments and analysis which highlight their exposure, optionality and P&L. These reports are essential to help them make the right commercial decisions and optimize the opportunities their portfolios generate, all the while providing Deals Desk employees with an unprecedented office learning experience in the world of trading.
The deals desk team is responsible for maintenance and enhancement of core P&L data to increase accuracy and timeliness of the daily trading results.
Knowledge and Skills & Abilities
Candidates preferably with at least 1-5yrs work experience with the following: •
MBA in Finance
Degree in Engineering is desirable
Should be meticulous and innovative
Have reasonable market analysis skills
Should be proficient excel abilities
Familiarity with using multiple systems is a plus
Strong organisationalskills
Should have excellent English communication skills
Ability to work in a fast paced high pressure environment
Key Responsibilities
Be responsible for the production and reporting of daily trading positions and management P&L, production and monitoring of daily trading P&L and volumetric exposure reports, post deal review and system reconciliation. Enter inception P&L for all new trading strategies, and maintain the economics on these strategies from cradle to grave
Independently justify the economics applied to each trading strategy.
Apply forward curve on daily basis for physical and derivative markets to current position and to explain the impact on the trading P&L.
Produce daily commentary for board of directors / traders to explain the change in the trading profit and loss due to market changes/change in estimated / actual economics for each deal.
Analyse exposure and M2M profit and loss on physical/derivative portfolios
Ensure all market price risk is captured and hedge actions executed
Assess implication of changes to future physical deliveries and report and discuss impact of hedge strategy
Creation and maintenance of ad-hoc reports to assist in any area of position reporting /structure /hedging ( data integrity / trade entry / irregular business structures).
Full responsibility for integrity of data in trading systems that is used to generate the above items
Key Relationships
Deals Management, Physical/Derivative Traders, Operators, Finance Dept, Chartering Dept, Demurrage Dept, Deals Team
Reporting Structure
Deals Desk Manager at TGS
Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders and is active in over 150 countries.
Visit: www.trafigura.com
