Middle Officer - Fuel

We are seeking a highly motivated and detail-oriented Middle Officer to join our Fuel desk. The successful candidate will play a key role in supporting the trading team by ensuring the accurate and timely processing of all transactions. This involves verifying trade details, coordinating with various departments, and resolving any discrepancies that may arise.

Additionally, the Middle Officer will be responsible for managing and mitigating operational risks associated with trading activities. This includes conducting regular reconciliations, monitoring risk exposure, and implementing risk management strategies.

The role also requires maintaining robust operational controls to ensure compliance with internal policies and external regulations. The ideal candidate will have a strong analytical mindset, excellent problem-solving skills, and the ability to work effectively under pressure.

Role and Responsibilities :
Responsible for timely deal entry, correct position reporting, pricing reporting and adherence with trading limits
Production of a daily P&L for the trading team, be able to produce a breakdown and explain key drivers (P&L attribution)
Manage the risk profile of the trading business in line with the agreed appetite for risk and risk limits
Strong interaction with traders in a challenging and growing environment
Implement new controls: liaise with IT team to improve and enhance processes
Liaise with back office/trade support/accounting/credit teams
Work closely with the trading desk to be able to understand their strategy and be able to challenge them

Skills Required :
0-3 years’ experience in a similar role on an oil desk
Strong understanding of mark-to-market, physical differentials, cargo economics, storage, etc.
Strong interest to manage risk management ETRM systems and tools
Ability to work independently and proactively
Strong interest in learning about other commodities
Advanced Excel skills, good level of VBA/Excel and Python/Tableau
Fluent English

Mercuria is one of the world’s leading independent energy and commodity groups. Our purpose is to connect markets and to advance the energy transition. We bring markets together to support the world’s energy needs of today by trading, structuring finance, and investing in strategic assets, whilst generating over $170 billion in turnover. We are committed to advancing the transition to a more sustainable, affordable, and reliable energy system for tomorrow. We are well ahead of the pledge we made in 2021 that over half of our investment capital will go into sectors that are advancing the energy transition by 2025, to contribute to global efforts to combat climate change.