TRADING CONTROL ANALYST (10018383)
Company : Total Gas & Power Ltd
Contract : permanent position
Branch : Gas & Power
Location : United Kingdom – London
Interviews will take place in : Canary Wharf (E14)
Starting date : As soon as possible
Salary : According to profile
Reporting to the Trading Control Manager, which in turn reports to the Finance Director, the role draws information from the Trading system and often requires contact with the Trading department in order to obtain and understand the data, in particular with Middle Office, and Research and Systems. Interaction with all Finance teams is required in order to draw upon information in the financial systems and to provide guidance of treatment of certain items. Reports and reconciliations produced, often under time-pressure, will feed through to finance management in London and Paris HQ, and will be used and assessed by internal control and external audit. Queries are regularly received from management (both routine and ad hoc) for which clear responses may require detailed investigation.
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The Trading activity accounts for almost 90% of Gas and Powers revenue, representing over £10 billion per annum of delivered natural gas, LNG, power and emissions. Trading transactions average in excess of 10,000 per month covering both intra-desk and external counterparty deals. There are over 120 counterparts for these operations and contracts take various forms (such as forwards, futures, options and swaps). Total gross trading margin was £117m for 2007.
Reporting: Represent the gross trading marked-to-market results in a form suitable for publication to management both locally and in head-office (monthly) and ultimately to shareholders and markets (quarterly).
Control: Reconcile this financial perspective of the results to the Trading perspective used by the traders and trading management in order to ensure that the deal results reported ultimately generate invoices and cash flow. Internal management and external audit and SOX control requirements must be satisfied and continuously enhanced.
Analysis: Analyse the results by various other perspectives to enhance reporting and control procedures, and also enhance the financial managements understanding of the business and therefore its ability to challenge the representation of deals in the Trading Book.
Knowledge of the gas and power industry and its physical and financial features, and knowledge of the Gas and Powers position within this market and therefore the nature of the various contracts committed. Ability to implement financial and management information standards and best practices, using software tools available such as the Trading Book and Silverlight, accounting systems (Sun, Vision and Qlickview), MS Excel and Access.
The role exists to ensure that a true and fair view of the Trading results are presented, to ensure consistency in the results reported between the various systems, and to assist management in understanding the factors driving the results.
Numerate degree. Qualified accountant.
Appreciation of UK and international accounting standards.
Knowledge of energy trading and mark-to-market valuations desirable
Ideally the candidate will have 2-3 years post professional (accountancy) qualification experience.
Strong maths, IT, communication and problem solving skills.
Self motivation and pro-activity are essential in order to understand the information produced and continuously enhance reporting, analysis and control procedures.
APPLICANTS MUST BE ELIGIBLE TO WORK IN THE UNITED KINGDOM