Middle Office Analyst - Wholesale Gas and LNG

About the role

Repsol is looking for a Middle Office Analyst to join its Wholesale Gas and LNG team in Madrid, Spain. Reporting to the Manager, Middle Office, the analyst supports 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. The role links Front Office, Risk, Back Office and support functions, and works in a hybrid setting.

Key responsibilities

• Support daily middle office activities: 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.
• Analyse 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 with Front Office and Back Office teams.
• Produce regular management reports on market risk, trading performance, exposures and operational KPIs.
• Support month-end, quarter-end and audit processes with analysis and documentation.
• Identify improvements to processes, controls, reporting and automation, and help implement new products, markets, systems and business initiatives, including Power Trading expansion.
• Build working relationships with traders, risk managers, operations, finance and technology teams.

Required profile

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Business, Energy Management or a related discipline.
• 1-3+ years of experience in energy trading, commodity trading, middle office, risk management, trade control or related commercial support functions.
• Understanding of physical and/or financial gas, LNG, power or commodity trading markets.
• Excellent written and verbal communication and stakeholder management skills.

Required skills

• Experience with trading and risk management systems (ETRM experience preferred).
• Strong analytical and quantitative skills with advanced Excel capabilities.
• Ability to analyse large datasets and identify trends, anomalies and risks.

What we offer

• Permanent contract.
• Bonus according to objectives.
• Medical insurance and contribution to a pension plan.
• Digital disconnection, conciliation measures and legal advice.
• Employee support services.