crossbridge energyDarien, CT
Director – Middle Office
$175,000 to $200,000
Apply (opens in a new tab)Director – Middle Office
Director – Middle Office
crossbridge energyDarien, CT
4 days ago
$175,000 to $200,000
Commodity Contracts IntermediationPetroleum RefineriesInvestment Banking and Securities Intermediation
Apply for this role (opens in a new tab)Job Title: Director – Middle Office
Location: Darien, CT (on-site, with periodic travel to Europe)
Reports to: EVP Risk Management
Hours: Early-morning ET start, aligned with European markets
About Crossbridge Energy Partners Crossbridge Energy Partners is an independent owner-operator of crude oil refining assets in Europe, with its executive team based in the US. We own and operate the Fredericia refinery in Denmark and a Geneva-based trading business, Crossbridge SA.We are building a multi-asset energy platform through acquisitions, and we run a deliberately lean organization. This role is one of the first hires in our next phase of growth.
The Role:
We are hiring an experienced professional to build and run the Middle Office for our physical and financial trading activity in crude and refined products. This is a hands-on seat: you will work directly with the trading desks, Finance and Operations during European trading hours, and you will lead the build-out of our new CTRM for the derivatives book. The Middle Office reports to the EVP Risk Management, independent of the trading desks, and owns the integrity of the trading book and the controls around it.
Key Responsibilities:
- Capture all derivatives trades in the CTRM and maintain related static data
- Report daily on financial trades across the derivatives book (swaps, futures and options)
- Reconcile trades, positions and margin daily to broker, clearer and counterparty statements; investigate and resolve breaks
- Ensure every executed hedge is booked, confirmed and reflected in same-day position and PnL reporting
- Produce daily position and PnL reports for the desks and senior management; explain daily PnL moves and tie them to statements and Finance
- Prepare the monthly reporting package on positions, PnL and exposures, and monitor positions against approved limits
- Build and maintain refining margin models for the Fredericia refinery (crack spreads, product yields, differentials)
- Produce daily and monthly pricing reports for crude and European refined products using Platts and Argus, and maintain forward curves in the CTRMSupport Finance on physical and derivative settlements, inventory financing, month-end close and audit
- Lead the CTRM build-out with the vendor and internal users, retire spreadsheet-based reporting, and document Middle Office processes and controls so they scale
Required Experience:
- 7+ years in an energy or commodities Middle Office, trade support or risk reporting role, ideally covering crude and European refined products
- Trade support across the full lifecycle of energy futures, swaps and options, exchange-traded and OTC, from execution through confirmation and settlement
- Strong knowledge of refinery economics (crack spreads, product yields, differentials) and refinery hedging strategies (crack spread, inventory and margin hedging)
- Experience with Platts and Argus assessments and methodology
- Hands-on experience with an energy CTRM system (Aspect, RightAngle, Triple Point or similar)
- Advanced Excel and fluency with market data platforms (ICE, Bloomberg)
- Bachelor’s degree in Finance, Economics, Engineering or a related field, or equivalent professional experience
- PreferredDirect experience implementing or expanding a CTRM system
- Experience in a refiner-owned or refinery-linked trading entity
- Knowledge of energy inventory financing or structured finance, such as intermediation, supply-and-offtake or repo-style inventory arrangements
- Familiarity with ISDA documentation and European OTC confirmation conventions
Ideal Candidate:
- A builder: comfortable being the first and, initially, only Middle Office professional, setting priorities and building the function in sequence
- Rigorous, numerate and systems-literate; produces reporting management relies on without a large team behind itBuilds trusted relationships with the desk, Finance and external counterparties, and communicates clearly with traders and senior management
- Highly organized; runs a daily cadence without exception and documents what is done
- Has worked in lean, entrepreneurial environments where the function is built rather than inherited
Compensation and What We OfferThe base salary range for this position is $175,000 to $200,000. Total compensation includes base salary, full benefits (401(k) match and medical, dental, vision), and a discretionary bonus. Final offers reflect each candidate’s experience and qualifications.
You will also get:
Ownership of the Middle Office function of a growing refining and trading platform from the ground up, with direct access to the officers and the Board
Exposure to the full lifecycle of the platform: trading, hedging, financing, acquisition diligence and integration
A lean team where contributions are highly visible and professional growth can accelerate quickly
Equal Opportunity
Crossbridge Energy Partners is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or any other characteristic protected by law.
Also on the board Same function, level within a rung
Level
Manager
Salary
$175,000 to $200,000
Location
Darien, CT
Occupation
Financial Risk Specialists
Industry
Commodity Contracts Intermediation
Posted
4 days ago