Job Description

Job Title:

Back Office Specialist

Contract Type:

Time Type:

Full time

The Back Office analyst position’s purpose is to support the deal life-cycle process through timely verification of derivatives’ or physical energy (natgas, power, lng, carbon/emissions) trade data in Gunvor ETRMs against external data sources; drafting, delivery and reconciliation of contracts under master agreement frameworks (ISDA, EFET etc); issuing and accepting margin calls; timely issuance and processing of relevant settlement invoices; operational delivery of carbon/emissions/green units/certificates to and from counterparties; handling mandatory regulatory reporting (EMIR, REMIT etc) and internal reporting on derivatives / gas&power business.

Main Responsibilities

• Daily verification of trading activity – reconciliation of all financial (paper) trades in the Trading system(s) against external data sources (exchange, trade recap, brokerage recap etc)
• Investigate position issues and discrepancies and advise other stakeholders on how to correct those
• Reconciliation of Group open positions in derivatives
• Regulatory reporting (EMIR)
• Daily margining activities (issuing margin calls and reconciliation of the ones received)
• Issuing contracts from templates with customized clauses when needed, validation of counterparty contracts; resolving relevant discrepancies in standard cases
• Processing derivatives/vendor receivable and payable invoices, investigating discrepancies; understanding and providing price calculation to counterparties if necessary
• Handling internal mappings (e.g. brokerage fees mapping, including complex cases)
• Interacting with counterparty contacts and internal stakeholders to resolve discrepancies
• Handling operational delivery of carbon/emissions/green units/certificates to and from counterparties
• Participation in UAT testing of IT systems

Profile

• Bachelor’s degree in accounting, finance or similar
• Minimum 2 years of relevant experience, preferably in Back Office (banking, commodity trading or similar) 
• Microsoft Office advanced user (especially Excel)
• Knowledge and/or experience in financial markets is highly beneficial 
• Good stress resilience
• Team player and able to work independently
• Good communication skills in both written and spoken English
• Second major European language is beneficial

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.