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    Trade Analyst - Houston, United States - DRW

    DRW
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    Description
    DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

    Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and crypto assets.

    We operate with respect, curiosity, and open minds. The people who thrive here share our belief that it is not just what we do that matters-it is how we do it. DRW is a place of high expectations, integrity, innovation, and a willingness to challenge consensus.

    Our North America Energy Commercial Operations is looking to add a Natural Gas Trading Analyst to the team. This role is tasked with providing day to day support to the Energy trading and origination teams with a focus on Natural Gas. As such, this role will provide direct support and have extensive interaction with traders, originators and other key stakeholders. DRW is focused on creating market advantages through data and this position will be exposed to and work with large datasets.

    Job Responsibilities
    • Daily reporting and validation of PnL, valuation, position and risk for the NA Natural Gas desks for Traders and key stakeholders, which includes detailed PnL analysis, attribution reporting, risk projection, etc.
    • Provide direct support to and interact with traders, schedulers, originators on position management, complex trade bookings, proposed/new trade support, valuation models and ad hoc analysis. Gain understanding of product flows and hedging/trading strategies of each portfolio.
    • Proactively become a key user and subject matter expert of the firm's proprietary systems and applications and 3rd party ETRM used for trade capture and valuation. Includes an understanding of reference data, trade bookings, processes and controls to support PnL and risk reporting.
    • Interact daily and coordinate with other functional departments on problem resolution and testing and implementation of new trade structures, complex deals, testing of new instruments, etc. to ensure accuracy and completeness of data requirements and supporting processes. These departments include Scheduling, Market Risk, Credit, Accounting, Scheduling, Financial Operations, Treasury.
    • Support structured origination transactions and recommend booking methodology to ensure proper valuation and risk reporting. Work with Quantitative Research team on option models, inputs and valuation/risk results.
    • Coordinate with other team members and provide backup/coverage for the Power desks
    • Liaise with technology teams to secure proper support/coverage for ongoing operations and implement enhanced workflows, with a focus on process efficiency, risk reduction, and alignment with DRW standards.
    • Work closely with Business Management and other internal teams to onboard new desks, traders, and products timely and efficiently
    • Coordinate with global commodity teams to ensure consistency of trade valuation/modeling and gain understanding of regional differences.
    Job Requirements
    • 3+ years of experience working in middle office functions supporting physical and financial Natural Gas or Power trading across North America.
    • Firm understanding of physical natural gas and/or power infrastructure and market dynamics - including pipelines/interconnects, storage fields, trading hubs, supply/demand, ISOs, transmission, etc.
    • Firm understanding of physical natural gas and electricity transaction types, including related risk and valuation results
    • Strong Excel skills and ability to work with databases, SQL, APIs, and prior python coding experience are all preferred. Ability to navigate and analyze P&L across large amounts of data inclusive of trade count, forward marks, and settlements.
    • Firm understanding of financial valuation concepts -MTM, realized vs unrealized P&L, discounting, etc. and the full trade lifecycle for physical and financial trading
    • Prior interaction with front office and senior management teams in an active trading environment a must.
    • Experience and working knowledge of third party ETRMs, including implementation and maintenance (prefer Endur/OpenLink).
    • Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting, or material equivalent exposure.
    • Demonstrated ability to work independently and quickly solve problems.
    • Able to perform repeatable tasks with consistent results.
    • Able to handle sensitive financial data appropriately.
    • Accuracy and reliability/attention to detail is a must.
    For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at

    California residents, please review the California Privacy Notice for information about certain legal rights at

    #LI-DW1


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