Trade Operations Specialist

2 weeks ago


Stamford, Connecticut, United States Castleton Commodities International Full time
{"title": "Trade Operations Specialist", "subtitle": "Join Castleton Commodities International", "content": "

At Castleton Commodities International, we are seeking a highly skilled Trade Operations Specialist to join our Global Merchant Trading team. Based in our Houston, TX or Stamford, CT office, this role is critical for maintaining control and facilitating business operations within Global Merchant Operations. The successful candidate will collaborate closely with commercial teams and support functions such as Scheduling, Market Risk, Product Control, and Compliance. The position emphasizes process improvement and the support of both strategic and tactical technology initiatives, providing substantial exposure to energy commodity trading in a highly dynamic setting.

Key Responsibilities:

  • Daily validation of CCI's exchange positions across exchanges, predominantly in oil, gas, and power products.
  • Manage futures and options expiration activities and associated physical delivery.
  • Collateral management including settlement of daily margin calls, margin analysis, optimization, and stress testing.
  • Processing, reconciliation, and settlement of transaction costs, including brokerage, identifying, and implementing opportunities to reduce cost.
  • Ensuring all entries within the trading book are correct and verified against ICE, CME, etc.
  • Partnering with Traders, Exchanges, Clearing Brokers, and cross-functional businesses within CCI (Compliance, P&L, IT, Reference Data) to onboard new trading desks and platforms.
  • Reporting listed options and futures expiries to the Trading desks and Middle Office.
  • Providing ongoing support and communication to traders regarding market access, trade execution, and operational processes.
  • Collaborating with exchanges and clearing brokers on product enablement and compliance items to ensure smooth trading operations.
  • Daily position management, including monitoring and reporting of key metrics related to trading activities and performance.
  • Supporting the physical delivery of futures and options, ensuring compliance with all regulatory and operational requirements.
  • Assisting in the management and reporting of costs and fees related to exchange business, identifying areas for improvement and cost-saving initiatives.
  • Engaging with external vendors and stakeholders to enhance trade execution platform support (Trayport) and resolve any operational issues.
  • Participating in ad-hoc projects which include new business implementation, system improvements, change management, and efficiency/cost-saving initiatives.

Requirements:

  • Bachelor's Degree in Business, Finance, Accounting, Economics, or related field.
  • Minimum of 2 years' experience in commodity trading, preferably in an area covering exchange traded derivatives.
  • Ability to multi-task and prioritize effectively in a high intensity environment.
  • Excellent problem solving and numerical skills; ability to seek information and interpret data from multiple sources in order to resolve problems or implement new processes.
  • Strong technical skills – Python, SQL, VBA highly preferred.
  • Highest level of ownership and accountability.
  • Strong organizational and communication skills.
  • Ability and desire to work in a team-centered environment.

Employee Programs & Benefits:

  • Competitive comprehensive medical, dental, retirement and life insurance benefits.
  • Employee assistance & wellness programs.
  • Parental and family leave policies.
  • CCI in the Community: Each office has a Charity Committee and as a part of this program employees are allocated 2 days annually to volunteer at the selected charities.
  • Charitable contribution match program.
  • Tuition assistance & reimbursement.
  • Quarterly Innovation & Collaboration Awards.
  • Employee discount program, including access to fitness facilities.
  • Competitive paid time off.
  • Continued learning opportunities.

Castleton Commodities International is a leading global energy commodities merchant and infrastructure asset investor. As a trader, CCI deploys capital on a proprietary basis in the physical and financial commodity markets, providing the Company with market insights and access. As a strategic investor and developer, CCI leverages its market expertise, operations capabilities, and industry knowledge to invest in, and develop, select commodity infrastructure assets. This fully integrated platform has generated strong risk-adjusted returns for our investors since our formation.

"}

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