At a Glance
- Tasks: Capture and validate trades, manage client payments, and ensure compliance with regulations.
- Company: Leading commodities operations firm in the heart of London.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Fast-paced environment with opportunities to innovate and improve processes.
- Why this job: Join a dynamic team and make a real impact in the commodities trading world.
- Qualifications: 5+ years in commodities operations with strong analytical and communication skills.
The predicted salary is between 70000 - 90000 £ per year.
Responsibilities
- Ensure that trades are promptly captured in the trading systems and accurately validated against market and credit limits, with particular attention to trade details such as price, quantity, counterparty, and settlement date.
- Oversee the matching and confirmation of trades via systems like LMEsmart and ICE Clear, ensuring that any discrepancies are resolved swiftly.
- Manage the end-to-end process of client payments related to commodity trades, ensuring timely and accurate payments in line with contractual obligations.
- Reconcile payment transactions to ensure that all client funds are appropriately accounted for and discrepancies are promptly addressed.
- Liaise with clients to confirm payment details, address any payment-related inquiries, and resolve any issues that may arise during the payment process.
- Perform daily reconciliation of trade positions and client payments with records from clearing houses like LME Clear and ICE Clear. Ensure consistency between internal systems and clearing house data.
- Ensure compliance with regulatory reporting requirements, such as EMIR and MiFID II, ensuring accurate and timely reporting of trade and payment details.
- Monitor and manage initial and variation margins as calculated by LME Clear and ICE Clear, ensuring timely posting of required margins to avoid default.
- Efficiently manage collateral to meet margin calls, ensuring that sufficient funds or securities are available.
- Continuously monitor trading limits, positions, client payments, and associated risks to ensure compliance with internal policies and clearing house requirements.
- Maintain detailed audit trails of all trade capture, payment activities, and any amendments or cancellations to ensure compliance with regulatory and clearing house standards.
- Serve as a primary point of contact for clients, addressing inquiries and resolving issues related to trade settlements and payments.
- Identify and implement opportunities for process improvement, automation, and risk reduction within the trade capture, payment, and settlement processes.
Qualifications
- At least 5 years of experience in commodities operations, with extensive experience in overseeing operations related to LME, ICE, LBMA, and FX markets.
- Experience in large, cross-functional teams and managing complex operational processes in a global financial environment.
- Strong understanding of trading platforms, payment systems, settlement systems, and advanced skills in Excel.
- Ability to analyze complex data sets and derive actionable insights.
- Exceptional communication and interpersonal skills, with the ability to influence and collaborate with senior stakeholders.
- High level of accuracy and attention to detail in trade processing, payment management, and reporting.
- Knowledge of global regulatory requirements, such as EMIR, MiFID II, and their application to commodities trading.
AVP/VP, Commodities Operations (London Office) employer: BOCI
Join a leading firm in the commodities sector, where we prioritise employee development and foster a collaborative work culture in our London office. With competitive benefits, opportunities for professional growth, and a commitment to innovation, we empower our team to excel in their roles while ensuring compliance and operational excellence in a dynamic market environment.
StudySmarter Expert Advice🤫
We think this is how you could land AVP/VP, Commodities Operations (London Office)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BOCI. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AVP/VP, Commodities Operations (London Office)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BOCI.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BOCI's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BOCI
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BOCI.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BOCI will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BOCI employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
