Job Title: Senior Business Analyst - Middle Office (Commodities Trading)

Location: London (Hybrid - 3 days in office)
Employment Type: Permanent

Key Responsibilities

Business Analysis & Delivery

  • Build strong relationships with business stakeholders including Trading, Trade Support, Operations, Risk, Compliance, Product Owners and Technology teams.
  • Gather, analyse and document business requirements through workshops, interviews and process analysis.
  • Produce high-quality user stories, functional specifications, process flows and acceptance criteria.
  • Lead functional design discussions across multiple applications and integration points.
  • Support backlog management and prioritisation aligned with business objectives.
  • Work closely with development teams throughout the SDLC to ensure successful delivery.
  • Participate in Agile ceremonies including sprint planning, refinement sessions, stand-ups and retrospectives.
  • Coordinate SIT/UAT testing, defect management and production validation.
  • Deliver training and knowledge transfer sessions for business users.

Commodities & Middle Office Responsibilities

  • Support the Gas & Power trading lifecycle across physical and derivative products.
  • Work across Power, Gas, LNG and Environmental products covering trade capture, scheduling, confirmations, settlements and invoicing.
  • Support exchange-traded and OTC products including futures, swaps, options and spot trading.
  • Analyse nominations, scheduling and operational workflows within Energy markets.
  • Support trade flows between exchanges, brokers and ETRM platforms.
  • Understand Power market concepts including balancing, settlements, congestion and hourly trading.
  • Support regulatory reporting initiatives including REMIT and EMIR.
  • Assist with reconciliations across exchanges, brokers, counterparties and downstream systems.
  • Analyse system integrations between trading platforms, ETRM systems, market data providers and reporting platforms.
  • Support exchange onboarding and market connectivity initiatives.
  • Understand the complete trade lifecycle including amendments, allocations, confirmations, settlements and exception management.

Strategic Responsibilities

  • Contribute to technology roadmaps and strategic delivery initiatives.
  • Support solution design and architecture discussions.
  • Analyse data lineage, interfaces and system dependencies.
  • Promote Business Analysis best practices and governance.
  • Support vendor evaluations and onboarding activities where required.

Required Skills & Experience

Domain Knowledge

  • Strong experience within commodities trading environments, ideally Energy (Oil, Gas, Power, LNG or Environmental Products).
  • Excellent understanding of physical and derivatives trade lifecycles.
  • Knowledge of exchange-traded and OTC products.
  • Experience with trade operations, reconciliations, confirmations and regulatory reporting.
  • Exposure to surveillance or compliance initiatives is advantageous.

Business Analysis

  • Proven experience delivering complex cross-functional projects within trading environments.
  • Strong requirements gathering, process modelling and documentation skills.
  • Excellent stakeholder management across business and technology teams.
  • Strong communication and presentation skills.
  • Experience working within Agile/Scrum delivery environments.
  • Excellent planning, prioritisation and organisational skills.

Technical Skills

  • Understanding of system integrations, APIs and event-driven architectures.
  • Strong SQL and data analysis skills.
  • Experience using Jira, Confluence and Agile tools.
  • Knowledge of data flows, reconciliation processes and operational controls.
  • Exposure to cloud technologies, analytics or data platforms is beneficial.

Essential Experience

  • 7+ years' Business Analysis experience within commodities trading or financial markets.
  • Experience delivering global, multi-region technology projects.
  • Experience working with both bespoke and vendor trading platforms.
  • Degree qualified or equivalent industry experience.

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