Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
We are looking for a Middle Office Analyst to join our global Trading Operations team, based in our London office. This Analyst will be focused on our UK & European trade operations as a priority, whilst providing ad-hoc support to our North American Trade Control team.
This will be a full-time role, owning the following responsibilities:
- Ensuring the continued development of your team and providing cross-training to ensure coverage during scheduled and unscheduled outages.
- Preparing and assisting in the daily P&L and position reports for multiple businesses, specifically within the European physical and financial Power & Gas markets.
- Performing daily reconciliations of trades and positions.
- Acting as a liaison between the trading desks, counterparties, and FCMs.
- Managing static data setups for internal systems (products, prices, etc.).
- Commenting daily on P&L movements and explaining and critiquing the major positions and risks taken by the desk.
- Reconciling internal systems versus external counterparties.
- Liaising with different stakeholders (market risk, ALM, operations, finance, IT, business
- managers), serving as the main reference point for several aspects related to these businesses.
- Proactively engaging in internal projects to enhance processes and controls.
- Ensuring that processes are continually reviewed and improved, risks are managed, and results meet expectations.
- Handling invoicing and settlement of Power Purchase Agreements (PPA) for various renewable energy contracts.
This person will be an experienced trading operations professional, collaborative by nature, with tangible experience in energy markets. We believe the following experiences and skills will best set up this individual for success:
- Minimum of 3 years of experience within a commodities trading environment, specific expertise of Physical and/or Financial European Power & Gas markets.
- Strong understanding of futures and options P&L drivers, including the ability to analyse and explain basic P&L movements linked to trading activity, market moves, and lifecycle events.
- Knowledge of exchanges: EEX and ICE.
- Familiarity with trade flow at commodity exchanges.
- Proficiency in Excel is a must. Other programming skills, such as VBA, Python and SQL, are an asset.
- Comprehension about risk management (VaR, drawdown, Greeks) is an asset.
- Proactive and self-directed.
- Good interpersonal and teamwork skills with the ability to develop solid working relationships across functions.
What we offer
- Competitive compensation and participation in Engelhart’s discretionary bonus plan.
- 25 days of annual holiday entitlement, excluding UK public holidays.
- Robust benefits package such as medical, dental, life insurance, generous pension contribution, and supplemental benefits partially subsidised by the Company.
- Eligibility to receive external and internal training in accordance with our Training & Development Policy.
We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.
Top Skills
Engelhart London, England Office
Berkeley Square House, 4-19 Berkeley Square, 3rd Floor, Mayfair, London, United Kingdom, W1J 6BR
