Junior Trading Analyst
About the role
We are looking for a Junior Trading Analyst to support our Japan Gas and Power trading desk. This is a hands-on role for someone who wants to build a career in physical and financial power/gas trading, working closely with senior traders across multiple linked cross commodity strategies.
Key Responsibilities
- Position & risk monitoring: Track daily P&L, VaR, delta, and drawdown limits across the desk's books;
- Market data & curve maintenance: Maintain and mark forward curves live pricing tool for Power financial derivatives, JCC, JKM, TTF, and TFU references.
- Trade support: Book and reconcile trades; ensure accurate entry of counterparty, volume, tenor, and pricing formula details.
- Auction preparation: Support participation in auction or ad-hoc tenders — running simulation trades, tracking allocation results, monitoring settlement timing and reconciliation of PnL and risk measures.
- Reporting: Prepare daily/weekly risk and P&L reports.
- Analysis: Assist senior traders in analyzing location spreads, time spreads, spark spreads, and cross-market arbitrage opportunities. Input and maintaining fundamental financial models, simulation models, and data algorithms. Coordinate with global analytics team on model update and information sharing.
- Ad hoc analysis: Support senior traders with scenario analysis, hedge ratio calculations, and margin/lock-in economics for structured deals.
Requirements
- Master degree in Finance, Economics, Engineering, Mathematics, or a related quantitative field.
- 0–2 years of experience in trading, risk, or markets-adjacent roles (internships count); prior exposure to energy/commodities markets is a plus but not required.
- Strong Python, SQL skills; comfortable with building quantitative data analytical tools, advanced user of programming language.
- Basic understanding of derivatives (swaps, futures, spreads) and willingness to learn Japan-specific market structures
- High attention to detail — this desk deals with multiple pricing conventions, lag structures, and settlement timings where small errors compound.
- Strong communication skills; comfortable working across trading, risk, and operations teams in a fast-paced environment.
- Japanese language proficiency (business level) is required as this role needs to work closely with Japanese stakeholders and use Japanese systems for daily work