Senior Middle Officer

Location Dubai
Discipline: Commodities
Job type: Permanent
Contact name: Freddie Ricks

Contact email: freddie.ricks@venturesearch.com
Job ref: 3038
Published: 14 days ago

A leading global oil trading firm is seeking a Senior Middle Officer to oversee risk control, exposure management, and P&L verification across complex physical and financial trading books. This role requires a deep understanding of trading operations, risk reporting, and financial controls to ensure accurate position management and compliance with internal risk frameworks.

Key Responsibilities:

Risk Control & Exposure Management

  • Act as the Middle Office lead for all matters related to trading books managed from [Location].
  • Take full ownership of position management, exposure monitoring, and risk control for physical oil and derivatives trading.
  • Ensure accurate daily ETRM system reconciliation of exposure and P&L, working closely with traders and risk teams.
  • Monitor and report on hedging activities, derivatives positions, and physical cargo risk.
  • Support the Market Risk team in interpreting and reporting VAR numbers, stress tests, and scenario analysis.

P&L & Trading Book Oversight

  • Publish daily position and P&L reports to traders and senior management.
  • Verify market prices, MTM valuations, and trading book accuracy.
  • Ensure all trades, hedges, and adjustments are accurately captured in the system.
  • Identify and escalate discrepancies in exposure, unrealized P&L, and risk reporting.

Cross-Team Collaboration & Compliance

  • Work closely with Operations, Claims, Finance, and Risk teams to ensure accurate trade capture and position reporting.
  • Partner with Back Office to reconcile positions and resolve discrepancies.
  • Ensure compliance with internal risk frameworks, credit policies, and regulatory requirements.
  • Contribute to internal risk control documents and policy updates.

Process Improvement & Leadership

  • Manage and mentor junior Middle Office analysts, providing guidance and training.
  • Drive innovation in reporting, risk processes, and system enhancements to improve efficiency.
  • Assist in developing monthly reconciliation processes between Middle Office and Finance.