Middle Office Manager

Company:  OPTIMUS (TX)
Location: Houston
Closing Date: 22/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Job Summary:
Our client is seeking a skilled Risk Control Manager to oversee risk analysis and reporting within the Gas, LNG, and Dry Bulks trading sectors. This leadership role involves managing a team of Middle Office Analysts, ensuring accurate risk assessments, and maintaining compliance with trading limits and regulatory requirements. The position requires collaboration with various departments to support informed decision-making and drive operational improvements.
Key Responsibilities:

  • Partner with the Front Office to evaluate and communicate the risk impact of transactions, providing insights to guide strategic decisions based on thorough market analysis.
  • Supervise and develop a team of 3-5 Middle Office Analysts, managing daily activities and conducting performance reviews.
  • Coordinate with Back Office, Finance, Credit, Legal, and Internal Control teams to ensure risk management practices align with compliance standards and drive operational enhancements.
  • Oversee internal risk limits, ensure compliance with policies, and handle approvals for non-standard transactions.
  • Design and implement Middle Office risk policies and procedures to support business growth and address potential risks.
  • Serve as the primary point of contact for trading-related inquiries, assist traders with complex trade modeling, and ensure detailed reporting.
  • Lead the accurate and independent analysis, valuation, and reporting of risk positions and trading outcomes.
  • Track and report operational risk incidents, including near-misses and failures, and promote a proactive risk management culture.
  • Collaborate with global teams in Geneva and Singapore to support international risk control practices.
  • Act as a subject matter expert on North American Gas and other commodities, working closely with Power and other commodity teams.
Qualifications:
  • Bachelor's degree in Accounting, Finance, Mathematics, Economics, or a related field (Master's degree or relevant certifications preferred).
  • Deep understanding of the energy sector, commodity trading, risk management, and financial principles.
  • Minimum of 5 years of experience in a mid-office role within commodity trading, with experience in a supervisory or team lead capacity preferred.
  • Knowledge of North American Gas and LNG markets, including fundamentals of pipelines, storage, trading, and shipping.
  • Strong analytical skills with expertise in risk management techniques.
  • Excellent communication and leadership abilities, with a proven track record in team development.

  • We are not entertaining third-party companies or agencies for this opportunity. All applicants must apply directly and be eligible to work without sponsorship. No C2C candidates will be considered.
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