About us
Securing Energy for Europe GmbH (SEFE GmbH) is a major European energy company focused on maintaining the security of supply and generating commercial value in Europe. Its main business areas include supplying energy to customers, energy trading, gas transportation and the operation of gas storage facilities. SEFE GmbH is an internationally operating group consisting of around 50 companies in 16 countries in Europe, Asia and North America. The SEFE Group employs approximately 1,500 employees, around 200 of whom work at its Berlin headquarters.
SEFE Marketing & Trading Limited (SM&T) is an integral part of the SEFE Group. Headquartered in London, SM&T is an agile multi-commodity trader and trading partner. With deep experience in derivatives, digital and analytics and ready for the opportunities arising from the energy transition, we seek to create value, both on a proprietary basis and for its partners, in all key European gas, LNG, power and environmental products markets.
Our culture is defined by our people. Through living our values every day, we continue to create a culture that enables us all to succeed. We work as one team with our customers, our parent company and each other in order to understand each other’s needs. With an unstoppable passion for excellence, growth and learning, we’re committed to creating an environment that fosters the development of knowledge, skills and experience, so that our people can thrive and prosper in their careers with us. We believe that we have the best team in the industry which makes us a trusted partner across international capital and energy markets. Our diverse employee base, with a wealth of expertise, knowledge and experience makes SM&T a truly exciting place to work. We encourage new ideas and initiatives as innovative thinking is central to how we do business. Most importantly, we are a growing and developing business where inspired individuals can make a difference and help shape our future.
Role objectives
This opportunity is in the well-regarded Global Product Control team, working from London.
The successful candidate will be involved in all aspects of the team’s activities:
- Daily Economic Valuation//Exposures/Attribution reporting of all open exposure; Monthly IFRS compliant reporting;
- Independent Price Verification (IPV) and market curve data management;
- Facilitating the operational readiness of new products;
- Development activities including continuous improvements to the Middle Office processes;
- Developing analysis tools and reports; valuation and exposure analysis on new structured transactions;
- Supporting and training junior members of the team
Duties & Responsibilities
- Reporting & Control:
- Daily economic PnL revaluation, exposure reporting and full attribution of any daily changes
- Monthly IFRS compliant revaluations, and full explanation and understanding of any valuation differences
- Ensure full understanding of the rationale behind all open positions within books under ownership
- Closely work with the book owners to ensure all changes in Exposure and PnL attribution is aligned to expectations
- Support the daily IPV process
- Create and prepare periodic and ad-hoc valuation reports for senior management (weekly and monthly valuation reporting, IFRS Risks analysis, Economic vs IFRS valuation differences)
- Conduct any ad-hoc/one-off portfolio analysis upon both the Front Office or any other Support Function requests with regard to both the economic and IFRS valuation impact of a new commercial transactions/hedging strategy;
- Develop, implement and maintain the Product Control reporting framework within the SEFE M&T policies, supporting the development of these policies as necessary
Systems Development:
- Contribute to the Operational Readiness process for the trading of a new product and/or the execution of a new bespoke complex structured transaction, ensuring relevant aspects of the DLC are adhered to
- Design, specify and UAT any functionality delivered through systems development and enhancement
- Regularly review the existing Reporting & Control system, adopting a philosophy of continuous control improvements, integral in the light of the ever-changing nature of the portfolio and external market conditions
- Support IT development to ensure efficiency of the Global EOD process
Skills & Competencies
- Sound knowledge of Middle Office best practices across the Deal Lifecycle, with experience in commodity valuations
- Conduct high-calibre deliveries in a timely manner in a fast-growing working environment; This entails in particular to foster feasible albeit robust solution to problems within the imparted timeline;
- Manage stakeholder’s expectations. This entails in particular to develop and maintain trust and close partnership with both the Front Office and other Support Functions;
- Strong verbal/written communication skills, with the ability to present complex concepts in a simple and immediately understandable way tailored to the audience;
- Very Good analytical skills to review/assess a standalone complex structured transaction and/or a large trading portfolio;
- Be a high-calibre performer with a proven track record of significant deliveries through innovative thinking
Experience
- Prior experience in a Middle Office role, environment dealing with reporting, controls and systems development;
- Good understanding of the energy commodity market, with prior expertise in one or more asset in this list is preferred; Natural Gas, LNG, Oil or Power
- Experience in commodity valuations, across both linear structures and non-linear products (Vanilla Options, Storage, Transportation) is preferred
- Excellent Excel skills; Experience in VBA/SQL or any other programming language is a preferential
- Prior experience of Openlink Endur ETRM system is preferred
Education
Degree level qualification or equivalent experience, with degree qualification preferably in a subject with mathematical or economics component
