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Finance Intern

2017.11.20

Responsibilities

Mercuria’s finance team is looking for a strong intern to support them. The Finance team coordinates all the physical and financial elements that enable the realization of large scale transactions anywhere along the supply chain. Working with our trading desks, the team operates across all commodities and all the potential markets, helping partners meet their business objectives by providing access to adequate financial resources. The intern will support the Finance team in one of two 6 month projects, being the OTC Margining or Credit Insurance.

For the OTC Margining project, the intern would have to develop an excellent understanding of CSA’s and the OTC collateral procedures as well as to understand the current method used, the current processes in place and the data flows in the respective systems. With the understanding and knowledge gained, the intern would have to run simulations to compare numbers under the current method of reallocating OTC margining funding charges versus a full recalculation of funding charges eliminating cross subsidization under different methods applied.

 

The intern would have to present the results to management to make a decision on the exact method to be used. Finally, a detailed specification for IT would have to be prepared so that the IT team can implement the final method chosen.

For the Credit Insurance project, the intern would have to develop an excellent understanding of the credit risk and credit exposure calculations as well as the insurance coverage, the required insurance reporting and the respective impact on the credit exposure. The intern would have to understand the current method used, the current processes in place and the data flows in the respective systems. Pending the outcome of this investigation, there might be two different exposure calculations to be applied, one for the day-to-day activity of the credit team in managing the credit risk exposure and one for the insurance reporting to manage the risk resulting from not being compliant with the insurance contract. Thus, the intern would have to run simulations to present the results to management. Finally, a detailed specification for IT would have to be prepared so that the IT team can implement changes to the current systems and tools or (if required) build a new system.

Both projects would require some degree of traveling to other Mercuria offices, mainly London.

Required skills

·         Ability to source, manipulate and analyze large volumes of data

·         Excellent knowledge of Microsoft Excel, including VBA components

·         Knowledge of data structures would be advantageous

·         Structured, independent and result-driven mindset

·         Interest in commodity and energy markets

·         Used to working independently, stress-resistant

·         Excellent English skills are required

 

Educational background

·         Mathematics, Financial Engineering or Computer Science degree program is preferred but not required 

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