Middle Officer

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers. Founded in 2000, Gunvor reported revenues of $90’929 billion (USD) on volumes of 137 million MT in 2014.

Gunvor has more than 1,400 employees, of which more than 200 operate in the company’s Geneva office. Geneva is one of Gunvor’s fastest growing offices, reflecting the organic growth of the company and its trading and investments. Gunvor also maintains offices in Singapore, Moscow, Abuja, Beijing, Amsterdam, Nassau, Dubai and Tallinn, with new offices planned in strategically relevant markets.

To support its logistics operations, Gunvor wholly owns Clearlake Shipping, one of the largest charterers of tanker vessels in the world and an operator of drybulk vessels and cargoes. Since 2003, Clearlake has operated around a high-quality fleet of Tankers, Gas Carriers and drybulk vessels on a time-charter basis to accommodate Gunvor’s growing needs for ocean transportation across all major ocean routes, in addition to the needs of third-party business.

Main Responsibilities

1. Daily monitoring of the trading Position & Profit and Loss (PnL)
2. Daily pricing exposure reconciliation with trading & operations (Ops)
3. Validate position and PnL in a timely manner
4. Report position and PnL daily to management
5. Review and maintain information reliability in in-house ETRM system, including costs
6. Build & monitor in-house forward curves in ETRM including front to back implementation for market assessment
7. Check accuracy and consistency of forward curves vs market values
8. Complete and improve upon daily processes such as market data checks, trade completeness and regulatory reports
9. Coordinate and check intercompany deals with other desks/offices of the group
10. Check and reconcile futures trades between ETRM and clearing agents & exchanges
11. Liaise and coordinate as needed with Ops (or similar functions) and back-office
12. Check and monitor MTM of physical deals entered in ETRM
13. Allocate hedges in strategies, as the case may be
14. Check & compare costs in ETRM vs Ops costs and invoices
15. Monitor exposure/VAR and inform management in case of limits breaks
16. Verify and reconcile end of month results with accounting
17. Back up for other desks as needed
18. Work with Front Office, IT, Ops, Finance & Credit as the case may be
19. Reports directly to the Regional Head of Risk – Oil & Products – Americas Middle Office

Profile

1. One - Five years’ experience in Middle Office in a commodity trading environment with comprehension of energy trading, related trading experience can substitute
2. Trading system experience, programming/SQL/IT skills seen as an advantage
3. Experienced user of Microsoft Office with an emphasis in Excel
4. Demonstrated business analysis skills
5. Demonstrated knowledge of commodities
6. Proactive / self-motivated
7. Rigorous and detail oriented
8. Good verbal and written presentation skills
9. University Degree
10. US working permit

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.