Main Purpose:
Deals Desk within Trafigura is a middle office team providing risk analysis globally on a real time basis. Our primary responsibilities revolve around supervising all elements of risk and exposure related to our commercial activity and report it directly to the board daily. We serve in a support role for traders through which requires daily interaction with operations, finance and accounting teams. Commercially, we contribute by providing traders with risk assessments and analysis, which highlight their exposure, optionality and PnL. These reports are crucial to help them make the right commercial decisions and optimize the opportunities their portfolios generate, all the while providing deals desk employees with an unprecedented front office learning experience in the world of trading.
Whilst all responsibilities and accountabilities of the role remain based upon the core principles of risk management, the factors that drive them change on an hour-by-hour, day by day basis as the company discovers new and innovative ways to generate a wide and truly diversified portfolio.
Maintenance and enhancement of core P and L data to increase accuracy and timeliness of the daily trading results.
Be responsible for the production and reporting of daily trading positions and management P&L, production and monitoring of daily trading P&L and volumetric exposure reports, post deal review and system reconciliation. Enter inception PnL for all new trading strategies, and maintain the economics on these strategies throughout the trade lifecycle.
Knowledge Skills and Abilities, Key Responsibilities:
- Strong communicator, comfortable liaising in English with own team, Traders and internal departments.
- Motivated to succeed in a high-pressure environment.
- Strives to improve processes and procedures to maximise efficiency.
- Excellent attention to detail, seeks to understand and question the results of what they have produced prior to distributing it.
Requirements
- Meticulous and innovative
- Market analysis skills
- Proficient excel abilities
- Familiar with using multiple systems
- Strong organisational skills
- Excellent communicator
- Ability to work in a fast paced high-pressure environment
Key Responsibilities
- Ability to independently justify the economics in each trading strategy.
- Understand the forward curve on daily basis for physical and derivative markets to current position and to explain the impact on the trading PnL.
- Produce daily commentary for board of directors / traders to explain the daily changes in the trading profit and loss due to market changes/change in estimated/actual economics for each deal.
- Analyse exposure and report profit and loss including derivatives and physical exposure.
- Monitor data entry of new business in the Mark to Market System.
- Ensure all market price risk is captured and hedge actions executed.
- Assess implication of changes to future physical deliveries, report, and discuss impact of hedge strategy.
- Creation and maintenance of ad-hoc reports to assist in any area of position reporting /structure/hedging.
- Full responsibility of data integrity held within the trading systems.
- Accounting review of accruals/exceptions daily.
Key Relationships and Department Overview:
- Physical Traders
- Head of Trading Books
- Head of Deals Desk
- Derivatives Traders
- FX treasury
- Operations
Reporting Structure
- Global Head of deals desk
- Head of deals desk RM
- Geneva deals desk product managers
About Us
At the heart of global supply, Trafigura connects vital resources to power and build the world. Through our Oil & Petroleum Products, Gas and Power, and Metals and Minerals, commercial divisions, we use infrastructure, logistics and financing to connect producers and consumers, using our deep understanding of the markets we serve to make supply more efficient, secure and sustainable.
We are committed to responsible business practices and believe that the supply of energy and raw materials is essential for growth, development and prosperity. We are accelerating our investments in renewable energy, including hydrogen, ammonia and other low-carbon energy technologies required for the transition to a low carbon future. And we work with our stakeholders to improve environmental and social standards, bringing greater trust and transparency to global supply chains.
A career at Trafigura offers a gateway to working on some of the most exciting challenges of a rapidly changing world – from helping to optimise supply chains to developing infrastructure and new markets. In a culture that is founded on openness and energy, our people work as part of a multinational, globally connected team and thrive in a fast-paced environment where they can nurture and commercialise bold ideas. Everyone has a voice and is empowered to collaborate across geographies and disciplines to help shape our business and the wider world. We know the importance and value of diversity in our business and we invest in attracting, developing and retaining talent from all backgrounds.
Founded in 1993, Trafigura is one of the largest independent employee-owned commodities groups in the world with over 13,000 people working in 48 countries. The Trafigura Group owns global multi-metals producer Nyrstar; fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, investing in wind, solar and battery storage projects.
