Job Description
Working as a member of the EMEA Financial Operations team, the successful candidate will play a key role in the day-to-day functions across various teams within Clearing Operations and will also be involved in a wide variety of projects and process enhancements. The products covered are diverse, with a primary focus on metals; however, the role also includes coverage of oil derivatives, European power and gas, emissions, and FX.
* Act as the team’s LME and metals expert, engaging both internally and externally with stakeholders to lead the processing of various lifecycle events.
* Support the wider clearing team in processing non-metals products.
* Complete intra-day and end-of-day (EOD) controls to ensure all processes are running smoothly and that all trades are correctly feeding from the source to the books and records system.
* Demonstrate experience and knowledge of brokerage and broker rate agreements.
* Respond to ad hoc requests from Middle Office/desks regarding positions and broker setup requests.
* Exchange/CCP and broker reconciliations.
* Understand and report listed options and futures expiries to the trading desks and Middle Office, ensuring awareness of risks associated with expiry processes on expiry day.
* Review KPIs daily to ensure aged items and outstanding issues are resolved in a timely manner.
* Ensure that all risk items are prioritized and escalated as appropriate.
* Work closely with multiple teams within the organization and across multiple locations (IT, Credit, Scheduling, Trading, Middle Office, Trade Finance).
* Maintain a good level of understanding of MiFID II regulations to ensure proper monitoring of MiFID obligations.
* Present business cases for self-driven initiatives and projects to senior management.
* Perform any other tasks as directed by your line manager.
* Analyze and develop team procedures in line with market requirements.
* Set up new entities on exchanges and with clearing brokers.
* Manage the transfer of positions across clearing brokers, clearing accounts, and exchanges, representing both internally and externally on exchange/clearing broker platforms.
* Requirements:
o The ideal candidate will have 3+ years of experience in either clearing/listed derivatives operations or commodities operations, with a focus on metals.
o In-depth experience with LME exchange; exposure to COMEX and SHFE would be an advantage.
o Experience with LME trade booking, fees, deliveries, warrants, sifting, and other lifecycle events.
o Experience in the clearing/listed derivatives space and daily interactions with clearing participants.
o Strong derivatives product knowledge, including an understanding of the trade lifecycle of cleared/futures trades.
o Knowledge of other exchanges such as CME, EEX, or ICE would be advantageous but is not required.
o Prior exposure to, and understanding of, CCP and clearing broker margin calls.
o Strong system skills (Openlink/ENDUR, Aspect, Amphora, LME Sword, LME Select, LME Smart, LME Mercury, TLM, Excel).
o Ability to work independently without direct supervision while also collaborating effectively on team projects.
o Experience in the physical commodities market would be advantageous but is not required.
* Skills:
o A positive approach to problem-solving.
o Excellent numerical skills and a strong attention to detail, accuracy, and quality.
o Ability to work under pressure and manage multiple priorities effectively.
o Confidence in one’s abilities.
o Strong analytical skills.
o Ability to work both independently and as part of a team.
o Effective communication skills at all levels of the organization.