Key information
- Team: Wholesale Gas and LNG
- Location: Madrid, Spain
- Experience level: 1-3 years
- Job type: hybrid
- Requirements: English B2 or higher + Bachelor's degree or higher.
The team you are joining
Reporting to the Manager, Middle Office and Structuring Analysts, the Middle Office Analyst will play a key role in supporting the Wholesale Gas, LNG, and Power Trading business by ensuring the integrity of trading activity, risk reporting, valuation processes, and operational controls across the trade lifecycle. Acting as a critical link between Front Office, Risk, Back Office, and support functions, this position is responsible for monitoring exposures, validating positions and P&L;, supporting risk reporting, investigating discrepancies, and driving continuous improvements to trading processes and controls. The successful candidate will possess strong analytical and problem-solving skills, a solid understanding of energy trading markets, and the ability to work effectively in a fast-paced and evolving trading environment.
Main tasks
- Support daily middle office activities including position validation, exposure monitoring, P&L; reconciliation, valuation review, and risk reporting.
- Validate trade capture and ensure the accuracy and completeness of transactions across trading systems.
- Analyze and explain daily profit and loss movements, market exposures, and valuation changes.
- Monitor compliance with risk limits, trading mandates, and internal control requirements, escalating issues where appropriate.
- Investigate and resolve trade, pricing, position, or settlement discrepancies in collaboration with Front Office and Back Office teams.
- Produce regular management reporting related to market risk, trading performance, exposures, and operational KPIs.
- Support month-end, quarter-end, and audit processes by providing analysis and documentation as required.
- Identify opportunities to improve processes, controls, reporting, and automation within th
📌 Middle Office Analyst (Madrid)
🏢 Repsol
📍 Madrid