The Deals Desk is a middle office team providing market and risk analysis globally on a real time basis. The team’s primary responsibilities revolve around monitoring all elements of the risk and exposures related to commercial activity and report it directly to the Management Board on a daily basis.
Commercially, the team adds value by providing traders with risk assessments and analysis which highlight their exposure, optionality and P&L. These reports are essential to help them make the right commercial decisions and optimize the opportunities their portfolios generate, all the while providing Deals Desk employees with an unprecedented office learning experience in the world of trading.
The deals desk team is responsible for maintenance and enhancement of core P&L data to increase accuracy and timeliness of the daily trading results.
Knowledge Skills and Abilities, Key Responsibilities:
Candidates preferably with at least 1-5yrs work experience with the following:
- MBA in Finance
- Degree in Engineering is desirable
- Should be meticulous and innovative
- Have reasonable market analysis skills
- Should be proficient excel abilities
- Familiarity with using multiple systems is a plus
- Strong organisational skills
- Should have excellent English communication skills
- Ability to work in a fast paced high pressure environment
To fully master the role takes years of training as it requires an in-depth knowledge of every element of physical and derivative trading, as well as being able to interpret the impact of operational, financial and political changes on the underlying position and profit. Whilst all responsibilities and accountabilities of the role remain based upon the core principles of risk management, the factors that drive them change on an hour by hour, day by day basis as the company discovers new and innovative ways to generate a wide and truly diversified portfolio
Be responsible for the production and reporting of daily trading positions and management P&L, production and monitoring of daily trading P&L and volumetric exposure reports, post deal review and system reconciliation. Enter inception P&L for all new trading strategies, and maintain the economics on these strategies from cradle to grave
Independently justify the economics applied to each trading strategy.
Apply forward curve on daily basis for physical and derivative markets to current position and to explain the impact on the trading P&L.
Produce daily commentary for board of directors / traders to explain the change in the trading profit and loss due to market changes/change in estimated / actual economics for each deal.
Analyse exposure and M2M profit and loss on physical/derivative portfolios.
Allocate all physical and derivative transactions to correct trading strategy.
Ensure all market price risk is captured and hedge actions executed.
Assess implication of changes to future physical deliveries and report and discuss impact of hedge strategy.
Creation and maintenance of ad-hoc reports to assist in any area of position reporting /structure /hedging ( data integrity / trade entry / irregular business structures ).
Full responsibility for integrity of data in trading systems that is used to generate the above items
Key Relationships and Department Overview:
Deals Management, Physical/Derivative Traders, Operators, Finance Dept, Chartering Dept, Demurrage Dept, Deals Team
Deals Desk Manager at TGS
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.