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• immediate Financial Services role based in The City of London
• £55-65k salary plus bonus

About Our Client

I am recruiting for a leading Execution and Clearing business based in the City of London. The role is working as a Senior Operations Analyst specialising in commodities, specifically metals.

Job Description

Daily

• Ensure trades are input into Trinity from TEO. This will include a mixture of manual input direct into the back office GUI and using a semi-automated process via the trade capture sheet
• Monitor LMESMART for any mismatches, unmatched and alleged trades. Liaise with the relevant sales person and trader until such outages have been resolved.
• Input Floor blotters into Trade capture sheet and ensure session codes or trade times adhere to the LME Rules
• Import Trades executed on FX platform including where necessary adding the necessary ISIN.
• Import Customer FX and Bullion averaging trades as per the Trader's request from their trading blotter.
• Check and Agree Bullion Confirmations from ISDA Counterpart
• Complete a 4 eyes check on all trades input into Trinity to ensure completeness of booking
• Liaising with the Trading Desk to agree positions are correct
• Check Tom Positions and chase any outstanding positions with the relevant trade/sales person. Mercury must also be checked against Trinity to ensure both systems are in line.
• Reconciliation of LME Cash positions including postings into back office systems.
• Reconciliation of LME Initial and Variation Margins to those produce by back office system
• Perform Commodity Position Reporting reconciliation against LME Clear and ensure report is sent to the LME and is accepted
• Perform EMIR reconciliation for UK, once agreed import the files

• 
  Perform MIFIR Transaction Reporting function within the DB for both ETD and OTC using the guidance spreadsheet:
• Price codes are changed to underlying price
• Give-up Executors are changed to have correct LEI
• Unadjusted DMA trades are paired by removing one line
• Ensure Investment Decisions are set to our default Trader as set by compliance
• Once MIFIR report produced run reconciliation for row count against Trinity data
• Import files to Unavista and ensure any rejections are resolved
• Daily reconciliation of Client options for Open Interest and performing the necessary close out in LMEMercury
• Send out the client Margin Calls on a daily basis
• ISDA Counterparties - When The Business receive a Margin call, check the value against the Margin's spreadsheet and agree the call amount.
• Daily LME Fee reconciliation Trinity v LME Clear
• Daily IB reconciliation
• Daily Gross Commission income reporting to management
• Inputting and checking fixings used for average price calculations (Commodity prices and FX rates)
• Final pricing of averaging trades
• LME Warrants - Perform Lodges and Withdrawals, Deliveries to and from LME Clear in SWORD
• LME Warrants - Perform Allocation within Trinity and send out invoices to clients where relevant. Perform an end of say SWORD reconciliation
• Calculate the VM and IM impact for any client requesting for The Buasiness to perform Transfers, Metal Swaps and Financing and send to Risk and Head of Operations for approval before being input into Trinity.
• Input Clearing switches upon customers request and ensure this reduces TOM / Cash position
• Input Give in Clearer trades when instructions have been received and ensure all outages are resolved
• Check to ensure all Trinity control account have zero Positions throughout the day and resolve any outages
• Respond to customer payment requests ensuring any payments do not place a customer on margin call.
• Send all payment requests including the original email to finance
• Treasury - Record all expected payments and receipts on the banking spreadsheet ensuring The Business will not be overdrawn by the end of the business day.
• Treasury - Prepare the morning email for the liquidity call and participate in the call
• End of days checks by 19:00 ensuring all control screens are clear and trades have the correct statuses

Monthly

• Perform LME Option expiry which will involve the following:
• Trinity housekeeping to net down positions
• Reconciliation LME Mercury with auto expiry settings
• Liaise with Front office to change an expiry action in LME Mercury
• Ensure Partial assignments across multiple clients are distributed fairly
• Reporting the Final Option expiry results to Traders and Sales teams ensuring any Partial assignments are brought to their attention
• Performing final resulting actions in Trinity
• Reconciling Trinity results to LME Mercury

The Successful Applicant

To be successful in your application you must have the following experience:

• Some level of manual Trade processing and reconciliation experience on Excel. Candidates that are used to automation, and 'STP' won't have the experience to interface with LME
• Experience in commodities, specifically metals; LME and CME (the latter is a nice to have, but LME is essential)
• LME Option Expiry experience
• LME and T4 booking model experience
• Problem solving ability as LME Select system and company back office systems often experience breaks / issues / reconciliation mismatches
• Must have a good level of Excel; ability to use formulas and large data sets, and spot improvements where necessary
• Must be able to interpret EMEA reports and spot anomalies
• Must have an excellent understanding of Commodities trade Lifecycle; fails and reasons for fails and appropriate fixes

The business operates shift patterns:

6.30am - 3.30pm

8 am - 5pm

9am - 6pm

10am - 7pm

What's on Offer

Senior Operations Analyst within a leading banking and financial services industry client

City of London Location

Salary £55-65k basic plus bonusThe business operates shift patterns:

6.30am - 3.30pm

8 am - 5pm

9am - 6pm

10am - 7pm