Trade Confirmation Analyst

INEOS, Wakefield

Trade Confirmation Analyst

Salary not available. View on company website.

INEOS, Wakefield

  • Full time
  • Permanent
  • Onsite working

Posted 6 days ago, 15 Aug | Get your application in now to be included in the first week's applications.

Closing date: Closing date not specified

Job ref: e88d1bdef0a54f968c13260ec34c1e55

Location ref: Wakefield

Full Job Description

INEOS Energy Trading operates as the single face to the Gas, LNG, Power, Carbon, and Crude Oil commodity markets for INEOS. Our core mission is to fully monetise INEOS Energy's equity oil and gas production across Europe and the US. Beyond this, the Trading and Business Development teams are tasked with originating and developing third-party physical business. We also support the wider INEOS group by leveraging our carbon trading capabilities and supplying crude oil, LNG, gas, and power to INEOS's industrial base for deals on pipeline capacity, trucks, storage tanks, and shipping.
Our Middle Office function acts as a key control point between Trading, Risk and Finance, ensuring all trading transactions are accurately confirmed, recorded and aligned between internal systems and counterparties. As our trading activity and counterparty base continues to grow, we are seeking a detail-oriented Trade Confirmation Analyst to join the team and support the accuracy and integrity of our trade confirmation process.
The Trade Confirmation Analyst is responsible for ensuring all energy trading transactions are accurately confirmed, recorded and aligned between internal systems and counterparties. The role supports the middle-office function, acting as a key control point between Trading, Risk and Finance teams across Gas, Power, LNG, Oil and Emissions.
The Analyst generates, validates and issues trade confirmations, reconciles trade details between the ETRM/CTRM system and counterparty confirmations, and tracks trade lifecycle events including amendments, novations and cancellations. The role requires close daily collaboration with Front Office, Middle Office, Back Office and external counterparties to maintain accurate, timely and well-controlled trade records., Generate, validate and issue trade confirmations for physical and financial energy deals across Gas, Power, LNG and Oil.Reconcile trade details between ETRM systems (e.g. Horizon or equivalent) and counterparty confirmations, ensuring price, volume, delivery terms and other trade data are accurate and consistent.Liaise directly with counterparties to resolve discrepancies or disputes in trade details; maintain strong working relationships with external partners and internal stakeholders.Work with the Front Office to clarify trade inputs and deal structures; support Middle and Back Office teams with accurate P&L and settlement information.Validate deals in the ETRM/CTRM system; track trade lifecycle events including amendments, novations and cancellations, ensuring these are correctly reflected and re-confirmed where required.Support audit and compliance checks related to trade confirmations, providing documentation and evidence as required.Identify and recommend improvements to confirmation
processes and controls; support automation and efficiency initiatives within the confirmation workflow.

Education/ExperienceBachelor's degree in Finance, Business, Economics or a related field.Experience in energy trading operations, middle office, or confirmations desirableKnowledge of energy commodities (Gas, Power, LNG, Oil, Emissions) desirableFamiliarity with trading systems desirableUnderstanding of contractual frameworks (EFET, ISDA, NAESB) is a plus.
Behavioural skillsStrong attention to detail and ability to manage multiple deadlines.Excellent communication and stakeholder management skills.Self-motivated with the ability to work independently and resolve issues with limited supervision.Collaborative approach; works effectively across Front Office, Middle Office and Back Office functions.Proactive problem solver; identifies process improvements and supports automation initiatives.Professional and tactful in managing counterparty relationships and resolving disputes.

Direct job link

https://www.jobs24.co.uk/job/trade-confirmation-analyst-127199714

About this company

A truly global company, INEOS comprises of 36 businesses with 194 sites in 29 countries throughout the world. We also encompass a range of consumer brands and sports interests. We pride ourselves in offering a working environment that is friendly and welcoming, that offers employees true autonomy and empowerment and that enables everyone to achieve their goals and to have a fulfilling professional career with us.