Contracts and Settlements Supervisor - London, United Kingdom - EDF Trading

EDF Trading

Verified Company

London, United Kingdom

3 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world

When you join EDF Trading you'll become part of a diverse international team of experts who challenge conventional ideas, test new approaches and think outside the box.

Energy markets evolve rapidly so our team needs to remain agile, flexible and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil and environmental products.

EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management.

Trading for over 20 years, it's experience that makes us leaders in the field. Energy is what we do.

Most of all, we value our people.

Become part of the team and you will be offered a great range of benefits which include hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessment, corporate gym memberships, electric car lease programme, childcare vouchers, cycle to work scheme, season ticket loans, volunteering opportunities and much more.

We even provide free fruit to keep you healthy.

Gender balance and inclusion are very high on the agenda at EDF Trading so you will become part of an ever-diversifying family of around 850 colleagues based in London, Paris, Singapore, Tokyo and Houston.

Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group, a world leader in low-carbon sustainable electricity generation partnered with JERA, one of Japan's largest utilities; the perfect organisation at which to begin or progress your career in the commodities sector.

Join us, make a difference and help shape the future of energy.

Job Description:

Job title:
ETD Supervisor (Contracts & Settlements)

Reports to:
OTC & ETD Settlements Manager

Location:
London

Department

Contracts and Settlements is one of several support functions that enable EDF Trading to tightly control its commercial activities and process a large number of transactions with a wide variety of counterparts.

The department acts as an enabler for the commercial side of the business whilst ensuring effective processes and controls are in place to mitigate operational risk and potential loss whether financial (actual or lost opportunity) or reputational.

Position purpose

The primary purpose of the ETD Supervisor role is to ensure that all exchange related activity such as the margin call process, reconciliation of the derivative trades and positions and the monitoring and control around the OTC complex transactions that EDFT undertakes is managed in a controlled and accurate manner in line with the business transaction procedures.

Responsibilities:

Team Responsibilities

Process derivative transactions through to completion within the performance standards set out in the business transaction procedures.
To reconcile and report on all Profit Centre and derivative specific records within the set performance standards. Actively monitoring and clearing all open exceptions within set timeframes.
To provide management information statistics in accordance with departmental requirements.
To monitor and review all derivative specific standing data ensuring that all products are correctly defined and that fees applied to derivatives based systems are accurate and correct.
To monitor and review all derivative processes as to suggest enhancements to current procedures, controls and contingencies.
Ensure that all clearing and execution fees are validated and processed in a timely manner.
To control and maintain all Trader access to 3rd party Exchange platforms and Broker connections within Trayport.
In addition, look to support the activities of the Structured derivatives desk, dealing mainly with OTC Structured Options. To include the below;
Ensure all derivative deals are correctly captured in core systems and the deal booking accurately reflects the terms.
Ensure all option deals are correctly exercised within required timeframes.
Ensure all counterparty reporting requirements are being adhered to.
Develop and implement business processes and controls to support the operational management of derivative deals.
Maintain reconciliations between multiple core systems where appropriate.
Assist with the UAT testing and deployment of new system releases.

Supervisory Responsibilities

Daily supervision of the team, task allocation and completion.
Objective setting and performance management of all team members.
Coaching and development of all team members.
Production & analysis of relevant MIS for team management.
Evaluate current operational processes to identify gaps and to streamline & automate current processes.
Liaise and maintain relevant relationships with key ex