Base Metal Trade Operations recruitment

Our client is a leading European Bank with offices in more than 18 countries, They reach global markets and products and are experts in their field.

Due to continued growth they require a Physical Base Metal settlements member to Join their Commodity Operations team.

The Physical Commodity Settlements area manages all aspect of physical delivery and receipt of commodity products for the Bank. This involves the movement, storage, safe settlement and reconciliation processes around these products. Catering for all business generated by the Front Office dealing in outright and Repo transactions and other more complex transactions and facilities.

They provide a service to the Front Office and to the clients of the Bank and provide the control function around the monitoring and capturing of all inventory and movements. The department liaises direct with the Front Office extensively.

The main responsibilities are

• Issuance of Contracts after the deal has been concluded by the Traders

• Generation of documents required against Letters of Credit

• Review of opened LC against contractual terms

• Invoice management, including generation, review, release and client communication

• Liaison with Warehouses and freight forwarders to arrange deliveries to Customers and

• Dealing with the accounts receivable and accounts payable ledgers

• Arranging payment of invoices/3rd party payments.

• Stock release controls into warehouses and storage facilities

• Reconciling stock, in conjunction with controlling the end of month and quarterly stock positions

• Instill and maintain close communication lines with Front Office and overseas offices

• General administrative duties.

Requirements of the successful candidate are...

2+ years experience around physical operational support, preferably across Base/Bulk

Exposure and solid understanding around metal risk and settlement systems

Exposure and understanding to documentary risks surrounding Documentary LCs.

Exposure and solid understanding around finance/repo transactions

Exposure to freight forwarding and chartering logistics

Strong communication skills, enthusiastic fast learner

Do not apply without the above experience in physical markets !

Please email your CV to Lorna_somerville@kellyservices.com.sg