Trading Controller

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Salary Description:
From £45,000 to £50,000 per annum
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NEW 12 - 18 Month Fixed Term Contract with TOP 10 Commodity Trader Trading Controller (Market Risk) UP TO £50,000 Location: London * Qualified accountant (preferred but NOT essential) * Reporting: Represent the gross trading marked-to-market (M2M – MTM) * Strong appreciation of UK and International Accounting Standards. * Proven responsibility for Management Accounts. * Knowledge of energy trading and mark-to-market valuations. SITUATION IN ORGANISATION Reports to the Trading Control Supervisor, then Head of Trading Control, which-in-turn reports to the Finance Director. ACTIVITIES · Reporting: Represent the gross trading marked-to-market (M2M) results in a form suitable for publication to management both locally and in head-office (monthly) and ultimately to shareholders and markets (quarterly). · Control: Reconcile this ‘financial’ perspective of the results to the ‘Trading’ perspective used by the traders and trading management in order to ensure that the deal results reported ultimately generate invoices and cash flow. Internal management and external audit and SOX control requirements must be satisfied and continuously enhanced. · Analysis: Analyse the results by various other perspectives to enhance reporting and control procedures, and also enhance the financial management’s understanding of the business and therefore its ability to challenge the representation of deals in the Trading Book. CONTEXT AND ENVIRONMENT The role draws information from the Trading system and often requires contact with the Trading department in order to obtain and understand the data, in particular with Middle Office, and Research and Systems. Interaction with all Finance teams is required in order to draw upon information in the financial systems and to provide guidance of treatment of certain items. Reports and reconciliations produced, often under time-pressure, will feed through to finance management in HQ, and will be used and assessed by internal control and external audit. Queries are regularly received from management (both routine and ad hoc) for which clear responses may require detailed investigation.

Contact Details:
Tel: not in use
Contact: Kris Clare

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