Operations Analyst

THE COMPANY:

We are working with a regular client of ours, a commodities broker, who are searching for an Operations Analyst.  The ideal candidate will have a minimum of 3 years LME operations experience.

THE RESPONSIBILITIES:

• Respond to audit request
• Prepare customer warrant releases as per customer’s instructions, ensuring they comply with credit policy
• Mark-up the prompt today report annotating payments and receipts inform LME customers when they are going to go overdrawn.
• Prepare and perform month end averaging in SYSTEM – base metals and bullion
• Monday before the third Wednesday of each perform provisional carries for the relevant averaging trades
• Reconcile all exchange fees on a monthly basis and agree any outages and prepare any necessary client debit / credit notes
• Perform LME Matching from the trading floor
• Shared with other Operations Analysts
• Perform SWORD releases Clearing & Ex-clearing checking against the position sheet and credit policy before authorising.
• Process the warrants in SWORD and the SYSTEM.
• Perform end of day warrant reconciliation
• Input trades into the SYSTEM either from emails and electronic blotters.
• Checking of trades entered into the SYSTEM on the Online Checking Screen
• Perform options declarations LME, CME, ICE and LIFFE
• Perform option declarations – as per our clearing brokers instructions for markets where we are not a clearing member
• Ensure Transfers (Expits), Clearing Switches and Metal Swaps are processed and matched on a timely basis
• Set-up new products, add them to the relevant profit centre and then inform Finance so they are able to add nominal
• When checking floor trading books to the ‘Online Checking Screens’ report all discrepancies to the relevant office trader /account executive / floor clerk
• Check positions constantly throughout the day.
• Input relevant members, relevant customer and profit centre trades into the SYSTEM including commission.
• Perform give in trades upon request from our clearing customers – all exchanges
• Input or check the lunchtime and evening valuation prices
• Setting up and maintaining client’s static data in the SYSTEM.
• Produce and monitor the negative ledger balance report
• Perform the clearing houses & clearing brokers cash and forward reconciliations on a daily basis
• EMIR – Prepare files and send to the repository and dealing with any manual updates to submit files
• Margins – prepare margin calls on a daily basis and re-pay excesses when required.
• Transaction reporting – Check the files created, updated the TVTIC on ICE trades and submit to our approved ARM (Univista) and deal with any rejections

EXPERIENCE REQUIRED:

• 3 years’ experience in the commodities industry, experience with LME is compulsory.
• Good knowledge and understanding of commodities trading.
• Ability to work under pressure within a manually operated system and market volatility
• Accurate keyboard skills
• Ability to analyse problems and find a resolution

For further information please contact Marcus Courtney