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Precious Metals Operations Analyst

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Banking Operations
£35,000 to £40,000
30,000 to 40,000
London
City of London
United Kingdom
14-09-2020 01:30 PM
107
Job purpose
This role will offer the opportunity to learn about and assist with the daily Precious Metals operations within SFL.
General Duties
• 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.
• Implementing a nightly rec across all Loco London transactions for next day
• 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
• Helping with the day to day workflow management of physical trading platform, PMX+
o Also helping with future development / testing
• Liaising with the FO / BO Precious Metals team globally
• Monitoring Clearing Accounts (intra-day) e.g. EBTS
• Develop and maintain relationships with:
o Carriers
o Refineries
• Ad hoc problem resolution as required.
Knowledge and Experience
• Understanding of trade flows, treasury management and MS systems
• Knowledge of the financial markets preferable but not essential.
• Interest in finance and a willingness to learn
Qualification and Skills
Qualifications
• Bachelor Degree in [Business, Law or other appropriate discipline]
Skills
• Good work ethic and ability to work effectively in order to meet deadlines
• Attention to detail and accuracy
• Strong communication skills (written and oral)
• Effective planning, organisation and time management skills
• Commercial awareness
• Ability to work effectively in a team

Alex 'Sweets' Sweetingham

Managing Consultant

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