Head of Middle Office

Position Summary

We are seeking an experienced and highly motivated Head of Middle Office to lead and oversee the middle office function across a diverse portfolio of traded physical commodities. This role is responsible for ensuring the integrity of trade lifecycle processes, providing robust P&L oversight, and driving operational excellence across multiple locations. The successful candidate will act as a key liaison between commercial, operational, risk, and finance teams while fostering a strong control environment and supporting business growth through process optimization and technology enhancements.

• Lead and manage the Middle Office function across all traded physical commodity businesses, ensuring effective controls and operational excellence.
• Build, develop, and mentor a high-performing team of Middle Office Analysts located across multiple offices and jurisdictions.
• Oversee trade capture, deal validation, and physical versus financial trade matching processes to ensure accuracy, completeness, and timely resolution of discrepancies.
• Manage daily profit and loss (P&L) reporting and attribution, mark-to-market valuations, and exposure monitoring activities.
• Ensure robust oversight of position management and valuation controls.
• Own and manage the configuration, enhancement, and optimization of the Aspect ETRM platform, ensuring it effectively supports business requirements and operational processes.
• Act as the primary interface between Trading, Chartering/Shipping Operations, Credit, Finance, and other support functions to ensure seamless communication and issue resolution.
• Drive continuous improvement initiatives across middle office processes, controls, reporting, and governance frameworks.
• Identify and implement digital solutions and automation opportunities to enhance operational efficiency, data quality, and risk transparency.
• Support the development and implementation of policies, procedures and best practices to strengthen the control environment and ensure compliance with internal standards.
• Provide leadership in resolving complex operational, valuation and risk-related issues while supporting strategic business initiatives.

• Extensive experience within a Middle Office, Risk or Trade Control function in commodity trading.
• Deep knowledge of physical commodity contracts and the associated trade lifecycle processes.
• Strong understanding of market risk fundamentals, including curve structures, forward pricing methodologies, exposure measurement and key risk metrics.
• Comprehensive knowledge of derivative products and their application within commodity trading businesses.
• Proven experience managing and developing teams within a fast‑paced trading environment.
• Hands‑on experience with ETRM systems, preferably Aspect, including system configuration, process enhancement and optimisation.
• Excellent communication, interpersonal and stakeholder management skills, with the ability to influence and collaborate across multiple functions and levels of the organisation.
• Strong quantitative, analytical and problem‑solving capabilities with keen attention to detail.
• Ability to proactively identify, investigate and resolve complex issues with minimal supervision.
• Self‑motivated and capable of operating effectively in a dynamic and evolving business environment.
• Strong organisational skills with the ability to manage multiple priorities, meet deadlines and drive process improvements simultaneously.
• Critical thinker with continuous improvement mindset and a passion for enhancing controls, reporting and operational efficiency.
• Demonstrated ability to lead change initiatives and implement innovative digital solutions that improve business processes and decision‑making.

• Accuracy and integrity of trade capture, valuation and P&L reporting.
• Effectiveness of risk monitoring and control processes.
• Successful development and performance of the Middle Office team.
• Delivery of process improvements, automation initiatives and system enhancements.
• Quality of stakeholder engagement and support provided to commercial and…