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.
Trade Operations Analyst – London, UK
Full Time | Permanent | Hybrid (3+ days on-site)
About the Role
Engelhart’s Trading Operations team play a critical role in monitoring and managing trade and cash flows across global markets. The team handles commodities & FX futures and options on multiple exchanges, as well as OTC financial trading.
The successful candidate will work closely with colleagues across multiple time zones and build strong, direct relationships with traders, execution, Risk, Middle Office, and Back Office teams, helping to ensure efficient and accurate trade operations worldwide.
This role will own the following responsibilities:
- Monitor and manage global commodities and FX futures and options trades, including exchange-traded and OTC instruments.
- Handle real-time asks from desk and prioritise complexities in fast moving markets.
- Reconcile trades, calculate settlements, and ensure accurate P&L reporting on a daily basis.
- Maintain strong relationships with traders, execution teams, brokers, risk, finance and middle/back-office stakeholders.
- Operate and administer key trading and clearing platforms, including CME Direct, WebICE, Trayport, and TT.
- Support complex trading strategies, indexes, OTC swap settlements, and margin calculations.
- Act as a backup across operational functions to ensure smooth global trade operations.
- Identify opportunities to streamline processes and improve operational efficiency.
About You
This person will be a capable, mid-level trading operations professional with proven experience handling commodities and FX futures and options in a fast-paced, global environment. They will be confident managing complex trade flows, ensuring accurate settlements, and collaborating effectively with traders, execution teams, middle office, brokers, and other stakeholders.
The following experiences and skills are essential for application:
- Strong operational expertise in commodities and FX futures and options, including trade processing, settlements, and reconciliations across multiple exchanges. Experience with Power & Gas is strongly preferred.
- Solid understanding of exchange and clearing operations (ICE EU/US, NYMEX, CBOT, LME, CMX, Endex, Matif, SGX, NGX, ASX, Dalian, SHFE) and OTC swap settlements.
- Proven ability to calculate and settle financial futures and options, understand complex trading strategies and indexes, and monitor intraday P&L and market movements.
- Proficiency in trading and back-office platforms (CME Direct, WebICE, Trayport, TT) and application of SPAN margin models.
- Proficient in Excel, with experience using macros, pivot tables, and advanced formulas for process automation and data analysis.
- Strong communication and interpersonal skills, confident interacting with traders, front office, and senior management, with the ability to challenge and push back when required.
- Able to prioritise effectively, manage competing demands, and deliver under pressure and time demands in a fast-paced, global environment.
- Collaborative, proactive, and adaptable, with strong ownership, attention to detail, and a track record of streamlining processes and improving operational efficiency.
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
