Manager, S&T Derivatives Operations

Posted 6 Days Ago
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Hiring Remotely in London, England
Remote
Senior level
Energy
The Role
The Manager of S&T Derivatives Operations will oversee team activities, ensure reconciliation of trades, coordinate with exchanges, manage margin processes, and resolve discrepancies in the commodity trading sector. The role involves leading process improvements and mentoring team members.
Summary Generated by Built In

At World Kinect, our employees are the key to our global success. We are industry leaders due to the innumerable talents of our approximately 5000 strong professional team. Our people thrive in an entrepreneurial and culturally-diverse environment, where innovative thinking, collaboration and efficient execution are highly valued. Our high-performance culture is what allows us to drive sustained growth. Stronger together, we promote an environment where individuals can thrive.
 

 

Primary Duties & Responsibilities:

  • Oversee and supervise the team activities and priorities.
  • Assist with WFS FCM negotiations and co-ordination with the Exchanges.
  • Ensure all reconciliation for all current day trades, previous day trades and open positions of our Futures, Options and swaps transactions that are cleared through the exchange have been completed.
  • Ensure FX Corporate Balance Sheet transactions and settlement process has been completed.
  • Ensure that Daily Margin process has been completed.
  • Ensure that the MTM Counterparty Reports process has been completed.
  • Administrate Traders Exchange access rights.
  • Transmit cash payment instructions to the Account Payable team.
  • Work with Finance and assist in resolving AR/AP discrepancies.
  • Attention to detail and ability to manage several tasks at once by ensuring all trade economics and discrepancies are appropriately investigated and resolved, while managing client expectations and potential fail exposure.
  • Liaise with counterparties, and internal teams such as Front Office, Middle Office to resolve transactions discrepancies and / or settlement failures in a timely manner.
  • Maintain shared outlook mailbox, by responding timely with accurate information to both external and internal customers.
  • Assist on providing information relating to our SOX controls with Internal/External Auditors.
  • Lead continuous process improvements by utilizing new and existing technologies (i.e., automation and robotics)
  • Mentors, coaches, and develops employees through orientation, training, establishment of objectives, communication of policies and rules, and constructive discipline; builds morale and motivation; enabling high level of retention within the team.

Qualifications:

  • Degree level or possess an equivalent level qualification.
  • 5 years’ experience in the energy sector and in the commodity trading business, ideally related to exchange traded products.
  • Experience of understanding financial markets and derivative products is essential.
  • Margining experience is preferrable.
  • International experience is preferrable.

Skills:

  • Strong Excel skills.
  • Ability to meet deadlines in a fast-paced environment.
  • Able to work independently and prioritize multiple tasks in a changing environment.
  • Analytical and problem-solving skills
  • Strong planning and organizational skills
  • Innovative in providing and addressing business needs in a changing environment.
  • Use of Microsoft Office Suite including Word, PowerPoint, Access, Excel and Outlook, and willingness to experiment and work with new technologies.

#LI-CW1

Please note that by submitting an employment application you consent to World Fuel Services processing your information for this role and potentially for future employment opportunities, in accordance with applicable laws. To learn more about how we protect and/or process personal information, please visit the WFS Privacy Center at: https://www.wfscorp.com/en/privacy-center.

Top Skills

Automation
Excel
Robotics
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The Company
Melbourne, Victoria
5,028 Employees
On-site Workplace

What We Do

Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a leading global energy management company, offering a broad suite of solutions across the energy product spectrum. In addition to our core energy and fuel offerings to customers in the transportation sector, we provide advisory services, sustainability and renewable energy solutions, as well as supply fulfillment for natural gas and power. We continue to focus on advancing the energy transition to lower carbon alternatives through expanding our portfolio of energy solutions and providing customers with greater access to sustainably sourced energy. For more information, visit https://corp.worldkinect.com.

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