Middle Office Analyst

Company: Repsol
Location: Houston
Posted on: March 19, 2023

Job Description:

At Repsol, we are committed to equality and do not request personal information.

We believe that diversity contributes to innovative ideas and provides added value that enables us to benefit from mutual learning and perform our best work. Here, what counts is your experience and your ability to create value. We offer you the opportunity to grow professionally, develop your career with challenging projects and collaborate with talented people worldwide. As a company committed to diversity and inclusion, we encourage all professionals who meet the job description requirements to apply.

Repsol has an opening for a Middle Office Analyst to join the Wholesale & Gas Trading Business Unit. The position is based out of our US headquarters in The Woodlands, Texas. We offer a hybrid work model (3 days in the office, 2 days remote) and a compressed work schedule (9/80).

Summary

The Middle Office area reports to the Control & Administration North America Management Unit and is in charge of the measure and follow-up of both economic results and market risks within the North America business.

The Junior Middle Office Analyst is responsible for analysis of market risks taken within a specific product area, monitoring commodity risk positions, understanding P&L attribution and drivers, and performing quantitative and qualitative analysis on material positions and risks of the respective portfolio. The role will assess risk exposures, prepare daily position and P&L reports and communicate with key areas of the organization. Analysts will primarily interface with the trading desk and other middle office and support groups (i.e. Finance, Operations, etc.).

Responsibilities: The Middle Office Analyst will be primarily responsible for and contribute to:

* Generate timely and accurate daily and end-of-month P&L along with market risk exposure reports
* Review reports to ensure deal capture, positions, price curves, and settlement prices are accurately reflected
* Assist in the setup and configuration of ETRM systems
* Ensure that commercial transactions and related risks are appropriately defined and captured by the ETRM system and risk methodologies
* Define and develop new analysis tools and/or improvement of the current ones
* Implementation support of these developments in the official systems. Functional design and validation
* Communication and dialogue with other business areas (Front Office, Back Office, Process Support, Accounting, Corporate Risk, Contracts)
* Assist with special projects, such as: ETRM and related technology projects; New product initiatives; Periodic accounting close activities, such as explain economic results to accounting results; Ad hoc inquiries
* Contribute to the development of the Middle Office team and to the positive working environment

Experience & Qualifications:

* Authorized to work in the United States for any US employer
* Bachelor's degree (Engineering, Finance, Business or similar field)
* 2+ years of experience in energy or other commodity business preferred. Internships could be considered for experience.
* Understanding of Natural Gas transactions including financial, physical, structured transactions, transportation and storage
* Understanding of risk management methodologies and valuation models.
* MS Excel required and experience with VBA and/or SQL a plus
* Dynamic interpersonal skills with strong verbal, writing and presentation skills
* Strong attention to detail
* Ability to work independently in a fast-paced environment as well as part of a team
* Knowledge of Allegro a plus

Repsol is an Equal Opportunity Employer M/F/Disability/Veteran

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Job posting end date:

15-03-2023

Keywords: Repsol, Houston , Middle Office Analyst, Professions , Houston, Texas