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Junior Middle Officer
SARAS SPA
For our Middle Office department in Geneva, we are looking for a resource whose the main tasks are follow-up of both crude and oil physical books, compiling the daily positions to hedge and perform hedging on the market, in line with the Hedging Strategy of the Company.
The person must also ensure hedging of all physical books on the paper market and, in particular:
• Ensure the correctness of all the derivatives positions in the CTRM system
• Assure Netting of positions between books through proper internal deal postings
• Efficient and correct financial hedging execution on all the crude, feedstock and products books in order to comply with the Risk Policy (flat price exposure management)
• Manage trigger contracts with Marketing divisions, subsidiaries and clients
Must ensure also appropriate Middle Office activities in particular by:
• Timely feeding CTRM systems or other risk system/tools with paper positions
• Proper liaison with traders, operations, Risk and back-office departments
• Follow-up of P&L’s
• Assist front office with various had-hoc analytical reports
• Assist in the production of reports to provide senior management with a clear view of trading performance/risk
• Liaison with IT department for a proper configuration of CRTM system in terms of strategies/books
Must have requirements
• Master’s degree in economics or finance (Master in Commodity Trading or equivalent is a plus)
• Fluent in English
• Excellent Microsoft Office skills, in particular of the Excel program, Visual Basic Applications (VBA) and CTRM systems (CXL- TriplePoint knowledge would be a plus)
Nice to have requirements
• Analytical skills
• Passion about commodities, and especially financial instruments (futures, swaps, options…)
• Aptitude for teamwork and good interpersonal and communication skills
• Confident, hands-on and able to work in a po-active way
• Extremely well organized and able to planning and managing activities.
SARAS, among the top 10 Italian industrial groups, third economic reality in the Oil & Gas sector and largest company in Sardinia, boasts one of the biggest high complexity refineries in the Mediterranean Sea with a refining capacity of 300,00 barrels per day, and also one of the most advanced in terms of plant complexity.
The heart of the Group is represented by the Sarroch industrial site located on the south-western coast of Sardinia; it is a reference model in terms of efficiency and environmental sustainability, thanks to the know-how developed over about 60 years in the business.
At the beginning of 2000, the refining business was accompanied by the production and sale of electricity through the start-up of an IGCC (Integrated Gasification Combined Cycle) plant, which is one of the largest of its kind in world. The Sarroch IGCC has an installed capacity of 575MW and covers about 40% of Sardinia’s electricity needs.
Saras business model is based on the integration of its supply chain, through close coordination between refinery operations and commercial activities. This includes the subsidiary Saras Trading, which has been operating in Geneva since the beginning of 2016 and engages in the purchase of crude oils and other raw materials, the sale of finished products and trading activities.
In Sardinia, the Group produces and sells electricity from renewable sources, through three wind farms managed by the subsidiaries Sardeolica, and finally is active in the field of industrial and technological services for the oil, energy and environment sectors through its subsidiary Sartec srl.
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