Back to all jobs
E
Middle Office Analyst
Engelhart
London22h ago
About the role
<div class="content-intro"><h2><strong>About Us</strong></h2>
<p>Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.</p>
<p>In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.</p>
<p>Our talented and experienced individuals work together according to its four company values: <strong>Performance, Agility, Collaboration, Entrepreneurship</strong>.</p></div><h3><strong><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">About the Role</span></span></strong><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></h3>
<p><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">We are looking for a Middle Office Analyst to join our global Trading Operations team, based in our London office. This Analyst will be focused on our UK & European trade operations as a priority, whilst providing ad-hoc support to our North American Trade Control team.</span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></p>
<p><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">This will be a full-time role, owning the following </span></span><strong><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">responsibilities</span></span></strong><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">:</span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></p>
<ul>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof" data-ccp-parastyle-defn="{"ObjectId":"84faabb2-db39-543c-9e8c-00e37c9ab562|1","ClassId":1073872969,"Properties":[335551547,"1033",201342446,"1",201342447,"5",201342448,"1",201342449,"1",469777841,"Aptos",469777842,"Aptos",469777843,"Calibri",469777844,"Aptos",201341986,"1",469769226,"Aptos",268442635,"24",469775450,"elementtoproof",201340122,"2",134233614,"true",469778129,"elementtoproof",335572020,"1",134233118,"true",134233117,"true",469778324,"Normal"]}">Ensuring the continued development of your team and providing cross-training to ensure coverage during scheduled and unscheduled outages. </span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Preparing and </span><span data-ccp-parastyle="elementtoproof">assisting</span><span data-ccp-parastyle="elementtoproof"> in the daily P&L and position reports for multiple businesses, specifically within the </span><span data-ccp-parastyle="elementtoproof">European</span><span data-ccp-parastyle="elementtoproof"> physical and financial Power & Gas markets.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Performing daily reconciliations of trades and positions.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Acting as a liaison between the trading desks, </span><span data-ccp-parastyle="elementtoproof">counterparties</span><span data-ccp-parastyle="elementtoproof">, and FCMs.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Managing static data setups for internal systems (products, prices, etc.).</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Commenting daily on P&L movements and explaining and critiquing the major positions and risks taken by the desk.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Reconciling internal systems versus external counterparties.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Liaising with different stakeholders (market risk, ALM, operations, finance, IT, business</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">managers), serving as the main reference point for several aspects related to these businesses.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Proactively engaging in internal projects to enhance processes and controls.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Ensuring that processes are continually reviewed and improved, risks are managed, and results meet expectations</span><span data-ccp-parastyle="elementtoproof">.</span></span></li>
<li>Handling invoicing and settlement of Power Purchase Agreements (PPA) for various renewable energy contracts.</li>
</ul>
<h3> </h3>
<h3><strong><span data-contrast="auto">About You</span></strong><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></h3>
<p><span data-contrast="none"><span data-ccp-parastyle="No Spacing">This person will be an experienced trading operations professional, collaborative by nature</span><span data-ccp-parastyle="No Spacing">, with tangible experience in energy markets. </span><span data-ccp-parastyle="No Spacing">We</span><span data-ccp-parastyle="No Spacing"> believe the following </span></span><strong><span data-contrast="none"><span data-ccp-parastyle="No Spacing">experiences and skills</span></span></strong><span data-contrast="none"><span data-ccp-parastyle="No Spacing"> will best set up this individual for success:</span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></p>
<ul>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Minimum of </span><span data-ccp-parastyle="elementtoproof">3</span><span data-ccp-parastyle="elementtoproof"> years of experience within a commodities trading environment, </span><span data-ccp-parastyle="elementtoproof">specific </span><span data-ccp-parastyle="elementtoproof">expertise</span><span data-ccp-parastyle="elementtoproof"> of </span><span data-ccp-parastyle="elementtoproof">Physical and/or </span><span data-ccp-parastyle="elementtoproof">Financial</span><span data-ccp-parastyle="elementtoproof"> </span><span data-ccp-parastyle="elementtoproof">European</span><span data-ccp-parastyle="elementtoproof"> Power & Gas</span><span data-ccp-parastyle="elementtoproof"> </span><span data-ccp-parastyle="elementtoproof">markets.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto">Strong understanding of futures and options P&L drivers, including the ability to analyse and explain basic P&L movements linked to trading activity, market moves, and lifecycle events.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Knowledge of exchanges: </span><span data-ccp-parastyle="elementtoproof">EEX and</span><span data-ccp-parastyle="elementtoproof"> ICE</span><span data-ccp-parastyle="elementtoproof">.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Familiarity with trade flow at commodity exchanges.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Proficiency</span><span data-ccp-parastyle="elementtoproof"> in Excel is </span><span data-ccp-parastyle="elementtoproof">a must</span><span data-ccp-parastyle="elementtoproof">. Other programming skills, such as VBA, Python and SQL, are an asset.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Comprehension</span><span data-ccp-parastyle="elementtoproof"> about risk management (</span><span data-ccp-parastyle="elementtoproof">VaR</span><span data-ccp-parastyle="elementtoproof">, drawdown, Greeks) is an asset.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Proactive and self-directed.</span></span><span data-ccp-props="{"134233117":true,"134233118":true}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="elementtoproof">Good interpersonal and teamwork skills with the ability to develop solid working relationships across functions.</span></span><span data-ccp-props="{"134233117":true,"134233118":true,"335551550":6,"335551620":6}"> </span></li>
</ul>
<p><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></p>
<h3><strong><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">What we offer</span></span></strong><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></h3>
<ul>
<li><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">Competitive compensation and participation in Engelhart’s discretionary bonus plan. </span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">25 days of annual holiday entitlement, excluding UK public holidays.</span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">Robust benefits package such as </span><span data-ccp-parastyle="No Spacing">m</span><span data-ccp-parastyle="No Spacing">edical, </span><span data-ccp-parastyle="No Spacing">d</span><span data-ccp-parastyle="No Spacing">ental, </span><span data-ccp-parastyle="No Spacing">l</span><span data-ccp-parastyle="No Spacing">ife insurance, </span><span data-ccp-parastyle="No Spacing">generous </span><span data-ccp-parastyle="No Spacing">pension contribution, and supplemental benefits partially subsidised by the Company. </span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></li>
<li><span data-contrast="auto"><span data-ccp-parastyle="No Spacing">Eligibility to receive external and internal training </span><span data-ccp-parastyle="No Spacing">in accordance with</span><span data-ccp-parastyle="No Spacing"> our Training & Development Policy.</span></span><span data-ccp-props="{"335551550":6,"335551620":6}"> </span></li>
</ul><div class="content-conclusion"><p><em>We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.</em></p>
<p> </p></div>
753,000+ hidden jobs like this
Engelhart and thousands of companies post here first — often days before LinkedIn or Indeed. Your first 5 applications are free; go Pro to apply without limits.
Everything Pro unlocks:
- Unlimited applications — free stops at 5
- Track every application in one place
- Apply straight to the source, one click
- Save & organize roles you love
- Roles pulled from company boards before the big sites
