· Commodities Trade Support/LME Matching
My client a well established Investment Bank is currently looking to appoint an experienced AVP to join the Trade Support Team.
Roles undertaken within the team relate to Matching of LME trades, deal validation versus the risk system, drafting OTC confirmations and dealing with all Trade Support queries related to trades executed by the Fixed Income Currencies Commodities Division (FICC) from internal and external clients.
The successful candidate will get exposure to a wide variety of products traded by the FICC division and will be the primary contact for the Metals and Agriculture Traders and Marketers. The role will give the candidate the opportunity to be involved in the following:
- Matching of LME trades as per strict market standards
- Break resolution to ensure timely matching on LME Smart
- Reconciliation between internal risk system and LME Smart
- Primary contact for clients and the Sales and Trading division
- Verification of Metal and Agriculture trades to ensure risk systems match all documentation
- Drafting OTC confirmations for the above products using the relevant Master Agreements
- Develop confirmation templates to increase our STP rates
- Transition clients/products from Paper confirmations to Electronic Matching
- Working with both the local and global Trade Support teams to identify and implement improvements in operational processes
- Working with management to produce KPIs/MIS
To be successful in the role you will have/be:
- Strong LME and/or OTC Base and Precious Metals experience
- Experience of drafting ISDA confirmations for Commodity products
- Strong Technical ability to learn the representation of complex OTC trades
- Comfortable in dealing with clients who expect a platinum service
- Able to prioritise competing demands
- Manage client and the front office expectations
- High accuracy rates and a high standard of attention to detail
- Proven track record of driving change initiatives, for efficiency or control
- Understand the importance of controls procedures within the Operations Division.
- Knowledge of how Operations interact with other areas of the Bank
- Enjoy working in a team environment
- Enthusiastic, Proactive and Flexible
- Ability to work well under pressure in a high paced environment
- Good organisational, communication and prioritisation skills
- Excellent PC skills with good understanding of MS Word Excel
The role will be a hybrid of Trade Support, Confirmations and Matching, with LME Matching experience from a leading Investment Bank imperative for the role.
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