Deputy Manager/Manager - Mid Office - Commodity Trading

Role Summary:

The Mid Office Analyst manager will play a key role in ensuring the accuracy, integrity, and timeliness of trading data and risk reporting.

He/ She act as the bridge between the front office (traders) and back office (settlements/logistics), and should have a strong focus on trade validation, risk exposure monitoring, internal & external compliance and P&L reporting. The role is crucial for supporting trading decisions and maintaining robust internal controls.

Key Responsibilities:

1. Trade Capture & Validation

- Review and validate trades entered by traders (physical and financial commodities).

- Ensure completeness, accuracy, and correct market data input in the trading system.

- Liaise with front office and back office to resolve trade discrepancies.

2. Daily P&L and Risk Reporting

- Generate daily mark-to-market (MtM) P&L reports and exposure summaries.

- Reconcile actual P&L vs trader estimates and explain variances.

- Track positions, exposures, and hedges across books and counterparties.

3. Risk Management Support

- Monitor limits: volume, credit, and market exposure.

- Assist with Value at Risk (VaR) calculations and scenario analysis.

- Escalate breaches of risk limits to management promptly.

4. System & Data Integrity

- Maintain trading book structures and data consistency in CTRM (Commodity Trading and Risk Management) systems)

- Support automation and improvements in reporting tools and dashboards.

5. Process Controls & Compliance

- Ensure that trades comply with internal policies and risk frameworks.

- Support internal/external audits and regulatory requests.

- Document procedures and maintain accurate trade records.

6. Collaboration

- Work closely with:

- Traders: for trade economics and strategy alignment.

- Logistics/Operations: to understand physical movements and pricing implications.

- Finance: for invoicing and reconciliation.

- IT: for system enhancements and issue resolution.

Qualifications:

- Degree in Finance, Economics, Engineering, or a related field.

- 2-5 years of experience in commodity trading, middle office, or risk control.

- Strong understanding of physical and paper commodity markets (preferably in metals).

- Proficiency in Excel, VBA, and BI tools (Power BI, Tableau).

- Experience with CTRM systems (e.g., Murex) is a plus.

Core Competencies:

- Analytical mindset with attention to detail.

- Ability to work under pressure and manage tight deadlines.

- Strong interpersonal and communication skills.

- Commercial awareness of commodity markets and trading strategies.