Energy Markets Division, Market Operations, Manager - Houston

  • Competitive
  • Houston, TX, USA
  • Permanent, Full time
  • Macquarie
  • 29 Sep 16

Energy Markets Division, Market Operations, Manager - Houston

The Corporate Operations Group (COG) brings together specialist support services including workplace, human resources, market operations and technology. COG's purpose is to drive operational excellence through business-aligned services with a focus on quality, cost and risk. COG comprises the following divisions: Business Improvement and Strategy, Business Services, Human Resources, Market Operations, and Technology.

Macquarie Group - Energy Markets Division

Market Operations - Manager

Macquarie Group is a global financial services provider with offices in 28 countries.

Energy Markets Division of Macquarie Group provides a full spectrum offering to clients with exposure to the energy sector. The division provides risk management, lending and financing, and physical execution and logistics across Global Oil, North American Gas and Power, EMEA Gas, Power and Emissions, Australian Power, and Coal.

Macquarie Group's deep knowledge of energy markets has been developed over more than 10 years and is supported by in-house technical experts with backgrounds in scheduling, logistics, meteorology, structuring, geology and petroleum engineering.

The Market Operations Division provides essential and professional support across all areas of Macquarie including Energy Markets Division. Market Operations is looking to appoint a Manager in the Global Physical Oil team in Houston.

Key Responsibilities will include:

  • Verify deal representation in trading system for Physical Commodity deals including verification of Broker confirmations
  • Preparation and/or review of physical and derivative sales and purchase contracts and confirmations related to sales, trading and supply, and infrastructure for both short-term and long-term contracts.
  • Preparation and/or review of midstream, downstream, shipping, storage, and terminal contracts and related service agreements
  • Handling counterparty responses to confirmations/contracts as well as receipt/review/response to third-party paper.
  • Preparation of all relevant documentation for Settlement and liaising with Counterparties to agree final Settlement amounts.
  • Liaise with global counterparties (buyers/sellers/owners/brokers/charterers), in some cases with varying time differences. It is essential that relationships are built and maintained.
  • Reconciliation of Physical Inventory and Settlement Invoices against internal systems, customer records, supply and transportation records.
  • Interact with and obtain cooperation of scheduling, and all support/risk functions (credit, market risk, operations, technology, legal, compliance, finance, etc.) to ensure trading practices are correct and in line with compliance policies
  • Generate and review exception reports, including unconfirmed trades, outstanding payables/receivables, settlement & inventory breaks
  • Identifying areas of improvement across systems, processes /procedures in order to increase accuracy, improve efficiency and improve output
  • Supervision and Development of a team supporting multiple risk management systems, with individual knowledge of and input to, confirmation, counterparty, monitoring & compliance modules.
  • Appropriately handle deviation, exceptions and prudentially escalate any incipient control breakdown or improper accounting to senior management.
  • Participate in further development of guidelines, systems and routines within the area of responsibility, keeping apprised of new industry standards and practices.
  • Daily collaboration with offices in Houston, Calgary, London and Singapore to ensure proper handoff of global workload between locations.

To be successful in this role the candidate requires:
  • Degree Qualification with a minimum of 1-2 years relevant supervisory experience in the Energy sector, focusing on Physical Crude Oil and Refined Products
  • An in-depth understanding of shipping operational knowledge and international trade
  • Highly motivated with a confident and professional attitude, possessing high levels of strong analytical thinking, problem solving skills, and attention to detail.
  • Have a risk management and control focus with a high level of personal accountability and ownership of their role
  • As global business needs can shift rapidly, involvement working with different geographical locations would be considered an advantage.
  • Ability to respectfully challenge, make decisions and handle multiple projects or deadlines in a fast-paced environment
  • An entrepreneurial spirit with the ability to prioritize and problem solve, delivering a high level of quality service to clients on a daily basis, under tight timeframes
  • Strong and concise written and verbal communication skills

Find out more about Macquarie careers at

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment individuals who are minorities, women, protected veterans, and individuals with disabilities.

Advertised: 04 Aug 2016 Central Standard Time
Applications close: