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Front Office Analyst

Location:
London, Greater London, United Kingdom
Posted:
May 06, 2020

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Resume:

Irminder Singh Jassal

Haywards Heath, West Sussex

+44 (0-798-***-****

adc3x6@r.postjobfree.com

Profile:

Experienced professional with a demonstrated history of working in the oil, energy and derivatives trading space. Roles have ranged from Trading, Operations and IT supporting and assisting the business as well as technology.

Employment History

Petronas Energy Trading (FTC): Business Analyst/Application Support (Apr 2019 – Current)

Business Analyst supporting Gas & LNG trading, leading requirements gathering from users via workshops and stakeholder engagement

Managed process change and associated responsibilities, training and documentation on processes, coordinating the UAT and signoff

Provide L1/L2 support for use of ETRM system (Triplepoint CXL) providing solutions where possible and raising tickets with vendor (TPT/ION)

Conduct regression testing in a systematic and methodical way to ensure new ETRM system release are successful

Centrica Energy Trading (FTC): Trading Ops & Support Specialist (May 2018 – Apr2019)

Ensure the timely and accurate booking, amending, reconciliation, validation of all physical and paper trades in the relevant trade capture systems e.g. Endur, CodeRunner and EuroRunner across Gas, Power, LNG, Oil & Coal

Nominating and management of UK/Europe Gas & Power deals with constant reconciliation of W/D positions

Enhanced operational efficiency by introducing automation of tasks and processes, reviewing and optimizing current procedures and improving trade support delivery

Working with IT to help with new business setup (new products, exchanges, counterparties etc.) in Endur trading system, end-to-end testing of changes to all business functions prior to deployment

Accenture (FTC at ENI): Management Consultant (Nov 2017 – Apr 2018)

Facilitated the Data migration process for project to install Openlink Endur for physical oil business leading requirement gathering and solutions from workshop facilitation, presentations/demos and senior business stakeholder engagement.

Translate requirements to create as-is and to-be process maps, ensured all data migration elements were identified, captured and documented

Finalised Front Office business requirements with all change requests, documenting for technical team to use in UAT scenarios

Tracked daily workflow (build, test & deployment) using Team Foundation Server (TFS) to create progress reports for review in daily huddles

Shell Trading (Oil Products Trading Desk): Derivative Sales (Nov 2015 – Oct 2017)

Tailored structured hedging products for clients exposed to crude oil and oil product price movements using financial derivatives including swaps & futures in a range of currencies

Quote, indicate and execute client orders via structuring price risk management solutions through derivatives instruments (futures & swaps) across the oil barrel

Effectively communicate quotes and orders to Shell clients, traders and brokers following up with trade confirmations/recaps for contracts team

Utilize interactions with various parts of Shell such as Supply, Aviation, Bitumen, Chemicals, Lubricants, etc. in Downstream and Upstream to enhance strong customer focus and relations

Business Analyst/Development

Identifying and delivering continuous improvement processes to fix shortcomings within existing applications and automate daily tasks – deploying concepts and technology to other Shell trading desks

Agile delivery of semi-automated deal entry and portfolio allocation tool (using Excel VBA), eliminating manual entry saving on a daily basis 15% trader time and cost saving of $250k in IT development costs for alternative solutions

Enhanced Shell Marketing pricing tool for swaps/physical/currencies for team in North America, creating access to customers in the region (and hence revenue) without timing issue of hedging in UK business hours

Worked on project to capture and upload trader’s real-time valuation and price curves to SQL database and then to visualization tool- made available to Shell network eliminating expensive subscriptions (e.g. Reuters), better market transparency & competiveness for downstream and also real time PnL for desk.

Designed and created a ‘front end’ application to trading system that creates a deal order form for internal orders – adopted extensively through Shell trading network (UK, Rotterdam, Singapore & Dubai) also enabled the desk executing to automate the deal entry by click of button

Specific business analysis skills including requirements gathering, workflow definition, data analysis, process definition and procedures documentation with ‘hands-on' testing experience including test scripting, test execution, and support for UAT, including user training

Shell Trading (Oil Products Trading Desk): Trade Desk Analyst (Jun 2012 – Oct 2015)

Complete buy and sell orders, execute and post EFP/EFS for Shell with external brokers, followed by entering and linking to physical deals in internal system

Identify Shell global MOC exposure and manage open price risk on the exchange with TAS ICE Gasoil futures, also done for the PRM desk Brent Crude derivatives exposure

Write and collate daily market report discussing key elements of news and economic factors effecting global oil prices

Provided market analysis for team developing a number of models to provide fundamental view for trading decisions to be based upon. Models included refinery margins & product cracks, crude and products valuation, supply & demand balances and competitor purchasing habits

Ensure conduct and activities are carried out in accordance with FCA regulation, safety awareness, the Shell Control Framework, SOX and Financial Reporting requirements and Shell Trading mandate and policies

Shell Trading (Oil Products Trading Desk): Trader Assistant (Jun 2011 – May 2012)

Manage the swaps deal entry i.e. trade booking (OTC, ETD and internal deals) for the desk covering crude, fuel oil, middle distillates, LPG and biofuels as well as the Risk Marketing team to external clients – ensuring all deals and resulting PnL/exposures are accurately represented in the trading system with zero-error policy

Develop, run and maintain bespoke analytical and reporting tools e.g. global month-end Gasoil exposures, automated daily report for non-allocated deals in system, daily PnL and expo for several trading books

Responsible for the investigation and resolution of any unexplained PnL as a result of trade capture, work with back office to resolve trade discrepancies, checking risk reports and ad hoc reporting

Compilation of weekly analysis slide pack examining top level market trends, macro-level commentaries (looking at equities, forex, Asian markets, Gold and other non-oil commodities) and in-depth position analysis of Shell books focusing on short term trading trends during the week

Shell Trading (Global ETD ops): ETD Back/Middle office (Feb 2007 – Jun 2011)

Supervisory role in ETD (Exchange Traded Derivatives) team across oil, gas, power & freight ranging across range of Back/Middle Office roles including: ETD reconciliations, Settlements, invoicing, Brokerage, intra-day clearing of ETD, position reporting, KPI stats, month end settlements & accounting reconciliation from trading to accounting systems

Delivered UAT and process mapping for project to implement STP clearing of ETD products (via Sungard Clearvision)

Coutts & Co: Manufacturing/Operations Client Services (Feb 2006 – Feb 2007)

Processing of information for the voucher processing team (Remittance, House, Giro’s, credit clearing), communicating with clients on daily basis and conducting payments for clients via E-pay

Education:

Programming with Python City University, London Sep 2019 – Nov 2019

BSc (Hons) Mathematics & Finance City University, London Sep 2002 – Jul 2005

3 A level passes & 9 A-C’s GCSEs: Heston Community School Sep 1994 – June 2002

Other skills

IT (Trading systems): Reuters Eikon, OpenLink Endur, Triplepoint CXL, Trayport Joule, DEX (AS400), SAP, SunGard

Clearvision, Zainet, ICE chat, ICE website (reports)

IT (Business Analysis): Agile/Scrum, Waterfall, Salesforce (CRM), Business Objects, SharePoint, TFS (Team Foundation Server) for Agile Project Management, JIRA, Visio

IT (Coding): Basic SQL, learning Python @ City University (Short course), Advanced level of experience in Microsoft Excel (VBA macros, pivot tables, lookups, Reuters lookups), Word, Access (macros, pivot tables, queries), PowerPoint.



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