Oil Trading Product Control Analyst – Relocate and be Dubai (DIFC) Based – SGD 240k Basic TAX FREE

Oil Trading Product Control Analyst – Relocate and be Dubai (DIFC) Based – SGD 240k Basic TAX FREECompany: Asset backed energy trading arm of NOC (National Oil & Gas Major)Location: Dubai (DIFC)Likely to be based currently in London, Geneva, Singapore or Houston and be keen to relocate and be based in DubaiMoney: AED 40-55k PCM (SGD 180k - 240k basic) TAX FREE + bonus + benefitsKey experience: 5 years+ experience working in Oil Trading as a Product Control Analyst / Middle Office Analyst / Back Office Analyst working for an Oil Major, large commodity trader or NOCIt is 100% essential that you have worked in a major global trading hub (London, Singapore, Geneva etc) with a developed supply and trading function. You can NOT come from a service center.Asset backed commodity trading arm of a Global leading Oil & Gas Major seeks a Crude Oil & Refined Products Product Control Analyst to join in their HQ/sole office based in DIFC in Dubai.You can be based anywhere globally (including already being based in Dubai now), but most likely you will be based in one of the major global commodity trading hubs – London, Geneva, Singapore, Houston. My client will assist you with relocation from these major trading hubs (London, Geneva, Singapore, Houston etc), help you set up your UAE bank account and sponsor/manage your Emirates ID, allowing you to live and work in Dubai.You will be joining an Oil Trading business who has been trading for 2 years now and recently moved from back-to-back trading to hedged/risk based trading. They are going through rapid growth and are looking for several key hires to help them continue their Dubai trading desk expansion but with big plans for setting up new offices/trading desks in Singapore and Geneva and expansion into other commodities (Natural Gas, LNG etc) as well.Reporting into the Head of Risk, the successful Oil Trading Product Control Analyst will be responsible for the evaluation and reporting of the daily P&L of all trading activities, as well as the valuation of the contracts, markets and hedging instruments that sit behind them.Key Responsibilities include:Daily P&L evaluation and reporting for all trading books and strategies, including the attribution of that P&L to change in market prices, new transactions and other portfolio updates typical of a waterborne cargo trading organisation.Evaluating and reporting the exposure of each book to market price risk, including aggregation and presentation in commonly traded spread and outright views.Challenge traders on their MTM choices by ensuring the fair valuation.Reconcile OTE and Open position with the clearer and confirm daily Margin Calls (IM & VM).Support the finance team with a month end close process, owning and providing trade and contract valuations, as well as inventories and trade accruals as necessary.Working with the back-office finance team, review and confirm booking of new physical transactions in the ETRM system, verifying terms including pricing rules and terms.Establishing valuation approaches for the product trades, including forward price and basis curve construction, as well as independent price verification (IPV) process around it.Key Skills & Experience:5 years + experience working directly on an oil trading floor as a Product Control Analyst / Middle Office Analyst / Back Office Analyst preparing daily exposure and P&L (no service centre) for an Oil Major, large commodity trader or NOC (with a developed supply and trading function). To repeat, you can NOT come from a service center, you need to have worked directly for a major oil trading business with a well developed supply and trading functionStrong Oil Trading knowledge and experience is essentialProficiency in trading systems (ETRM /CTRM), Excel, VBA, Python and Power BI is a plusAbility to work in a fast moving, early stage trading organisation, supporting growth whilst ensuring control and risk management objectives are metStrong understanding of accounting principles, financial controls, and complianceFluency in English is essentialPlease e-mail me (Ben) for more information at jobsBR@bramwithconsulting.co.uk