Middle Officer - Power

Gunvor is one of the largest independent energy trading companies in the world operating in over 100 countries, with its main trading offices in Geneva, Singapore, London, Dubai, Shanghai, and Houston. Gunvor Group Ltd, the group holding company, is based in Nicosia, Cyprus. As a major independent commodity trading company, Gunvor leads in the trade, transport, storage, and optimization of oil and energy products. In 2021, Gunvor traded 240 million tons of commodities and generated USD 135 billion in revenue. Key Responsibilities Oversee daily trading positions, Profit & Loss (PnL), and VaR; promptly alert management to any limit breaches. Coordinate daily reconciliation of pricing exposure and PnL between power traders, Operations, and back office. Confirm positional accuracy and PnL; prepare detailed daily reports for senior leadership. Review and ensure data reliability in the in-house Energy Trading & Risk Management (ETRM) system. Develop, implement, and monitor forward curve models within ETRM; ensure integration and market value adherence. Check the accuracy of power forward curves against actual market prices. Improve processes like market data validation, trade completion, and regulatory reporting specific to the power desk. Manage and verify power-related intercompany transactions across offices. Validate futures trades in ETRM against clearinghouse and exchange data. Coordinate with Operations and back-office teams for trade execution and settlement. Oversee mark-to-market valuation of physical power trades; allocate hedges according to strategies. Reconcile cost inputs in ETRM with Ops’ records and external invoicing. Reconcile month-end results with accounting and translate trading outcomes into financial statements. Serve as backup for other energy desks’ Middle Officer duties as needed. Collaborate with Front Desk, IT, Operations, Finance, and Credit to support trading operations and risk controls. Profile 2-5 years in a middle office role within commodities trading, with a focus on power markets (North America preferred). Experience with trading/ETRM systems; SQL or scripting skills are a plus. Expertise in Excel modeling, data analysis, and reporting. Strong business analysis skills and attention to detail. Understanding of power markets, pricing, and trading dynamics. Ability to lead process improvements and projects. Proactive, disciplined, and detail-oriented. Excellent communication skills for stakeholder engagement. If you believe this position suits you, we encourage you to apply!

Our people make all the difference in our success. At Gunvor, we seek talented, motivated individuals to contribute to our growth. Our global opportunities and career paths are diverse. If no suitable vacancies are available, set up alerts for future openings.

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