Commodities Trade Processing (Precious Metals)
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| Job Type | Permanent |
| Area | City, UK |
| Sector | BankingFinancial ServicesOperations |
| Salary | Up to £50k + benefits + bonus |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-12535a |
| Job Views | 278 |
- Description
- Rapidly expanding City-based trading house requires a Trade Processing officer with experience of precious metals and commodities trade processing. The successful candidate will have strong communication skills with the ability to build relationships across the business and will be responsible for working closely with departments such as Reconciliations & Client Services and resolving top day trade related queries.
Duties to include:
• Processing trade settlements:
o Currencies
o Precious Metals – Physical / Unallocated
• Daily & monthly reconciliations of external nostros / physical depositories
• Reconciliation of exchange traded futures statements from brokers
• Daily interaction with internal and external stakeholders
• Problem solving and resolution of position / P&L discrepancies etc.
• Margin Calls to Clients, intercompany & trading counterparts
• Managing trade confirmations with market counterparts
• Daily & monthly reconciliations of external nostros / physical depositories
• Monitoring daily cash / metal flows and managing funding requirements
• Intra-day trade / cash flow reconciliations
• Internal system reconciliations
• Confirming settlement figures with clients & trading counterparts
• Follow and understand all internal procedures & comply with general FCA principles of business.
• Reconciliation of clearing accounts fees
• Payment and allocation of Invoicing (Specifically Refineries & Carriers)
• Daily Invoicing: All exports/imports
• Confirming physical swap trade figures with refineries
• Quote & Premium requests Carriers / Refineries
• Shipment Log / manage out-turn adjustments
• Filing of each physical shipment
• Experience:
• Full trade life cycle knowledge
• Recent, relevant experience in a commodity operations position (precious metals)
• Good understanding of middle office software
• Solid understanding of trade flows/settlements and reconciliations
• Ability to work in a fast-paced environment, working closely with front office teams
This vacancy is being advertised by Montpellier Resourcing Limited. The services advertised by Montpellier Resourcing Limited are those of an Employment Agency.