Deputy Manager- Mid Office

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:

• Bachelors 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.