Business Development Trade Support

Irminder Singh Jassal

Haywards Heath, West Sussex

*******@*******.*** +44 (0-798*-***-***

Profile:

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

Employment History

Angola LNG (Contract) : Portfolio & Planning Analyst (Oct 2024 – Current)

•Perform accurate and timely analytical support while managing portfolio simulations, market studies, evaluation of bids and short-term LNG sales opportunities

•Analysing and providing recommendations on the appropriate ALNG sales portfolio (taking into account production, available shipping capacity, market intelligence, risk and other factors) and on the optimal use of shipping capacity.

•Proposing economic assumptions, including price forecasts, for planning purposes and economic evaluations.

•Providing forecasts of ALNG’s revenues.

•Preparing the pre read materials for sales tender awards and ALM Board meetings

•Developing the Annual Marketing Plan

•Coordinate with the Shipping team the preparation and receipt of the Shipping data to be used for tenders and term evaluations and carry out modifications to the structure and functionality of these Shipping data as approved by the Planning and Portfolio Manager

JERA GM : LNG Optimisation & Trading Analyst (Portfolio Trading) (Jan 2021 – Aug 2024)

•Key member of Front office desk working on optimum cargo matching of physical portfolio FOB/DES contracts as well as ADP portfolio deals assessing deal economics, location and volume optionality, shipping, pricing and chartering

•Proactively seek to provide commercial opportunities in shipping schedule (new cargoes, backfills, swaps, TC in/out, mitigations for any supply issues) as well as rectify any imbalance in portfolio

•Manage daily position exposures and explain on delta, monitoring overall portfolio risk (open positions per index, FX, credit exposure, etc)

•Calculate desk P&L and monitor profitability across portfolio whilst analysing deltas

•Daily management of FX in portfolio, focusing on non USD index exposures (TTF, PEG, EUA etc) and manage execution orders for Treasury to hedge

•Draft key contract summaries, trade confirmations, recaps, and other administrative execution

•Coordinate with supporting departments (Origination, Cargo Operations, Freight, Legal, MO) to schedule FOB lifting and DES deliveries, quantity of LNG and associated costs/fees

•Front Office point of contact to IT for system development and enhancements. Continuously improve existing processes, tools and models to increase performance and reliability of Optimisation applications

Greenergy (Contract) : Risk Analyst/Application Support (Mar 2020 – Jan 2021)

•Risk Analyst within the Market Risk Management team of the leading bio and transport fuel supplier in UK

•Producing daily Profit & Loss reports (mark to market) including justified and commercially driven commentary focusing mainly on Marine Gasoil/Fuel oil.

•Analysis of Physical Marine books to identify and manage pricing risk whilst pro-actively informing traders on hedging activity required using derivative instruments

•Update Risk team with market analysis on Marine Fuel markets

•Track volumes, bills of lading dates and pricing for hedge activity, ensuring accurate accounting of all of the above

•Working closely with Accountants to support the reconciliation process between the reported middle office P&L figures and the monthly accounts.

•Collaborate with IT to drive the development of the CTRM system (Commodities XL), identifying bugs, issues and potential enhancements to aid the business.

Petronas Energy Trading (Contract): Business Analyst/Application Support (Apr 2019 – Mar 2020)

•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 (Contract): Trading Ops & Support (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 and nomination in CodeRunner and EuroRunner across Gas, Power, LNG, Oil & Coal (including Spot/OTC contracts)

•Nominating and balancing of daily/hourly UK/Europe Gas & Power deals with reconciliation of trading activity

•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, compliance eg REMIT etc.) in Endur trading system, end-to-end testing of changes to all business functions prior to deployment

Accenture (Contract 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 oil product (Middle distillates, Jet fuel, Fuel oil) 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 (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 within existing applications

•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

•Business analysis 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 & competition for downstream and also real time PnL for desk.

•Project lead to design and create 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 desk and internal buy/sell orders, execute and post EFP/EFS for Middle distillates with external brokers with entry 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 Products Risk Marketing expo for Brent Crude derivatives

•Write and collate daily market summary report discussing key changes in prices, news and economic factors effecting global oil prices

•Provided market analysis for team maintaining a number of models to provide fundamental view for trading decisions to be based upon (included refinery margins & product cracks, crude and products valuation, supply & demand balances)

•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 & futures deal entry i.e. trade booking 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 were 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 macro market trends with commentaries (across equities, FX, Asia, Gold/metals and other non-oil commodities) with 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 Exchange Traded Derivatives team across oil, gas, power & freight working across range of Back/Middle Office roles including: ETD reconciliations, Settlements, invoicing, Brokerage, margin requirements, 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, Allegro, Trayport Joule, WebIce, Kpler, ZEMA, 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), experience in Microsoft Excel, Word, Access (macros, VBA, pivot tables, queries), PowerPoint.

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