About the role
Job Title:
Back Office SpecialistContract Type:
Time Type:
Full timeJob Description:
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.
Aplyr's read
Gunvor is a leading global commodity trading firm, attracting professionals in energy markets and data analytics. It offers dynamic roles in a fast-paced industry.
What's promising
- •Gunvor provides opportunities in diverse roles across global energy markets.
- •The company is known for its strong presence in oil and natural gas trading.
- •Employees gain exposure to international markets and complex trading strategies.
What to watch
- •The volatile nature of commodity markets can lead to job instability.
- •Intense competition in the trading sector may limit career advancement.
- •Regulatory scrutiny in energy trading can impact business operations.
Why Gunvor
- •Gunvor's focus on energy commodities sets it apart from broader trading firms.
- •The company offers specialized roles in power and gas market analysis.
- •Its global reach provides employees with international career opportunities.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Gunvor
Gunvor Group Ltd is a global commodity trading company specializing in the trading of oil, natural gas, and other energy products.
