Associate, Commodities Operations

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About us:

Market Operations is a team of 400 Operations Professionals who support our Financial Markets, CommSec, Trade Finance & Treasury businesses globally. Functions performed are trade confirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions across FX, Fixed Income, Rates, Commodities, Derivatives and Equities.

About us:

Market Operations is a team of 400 Operations Professionals who support our Financial Markets, CommSec, Trade Finance & Treasury businesses globally. Functions performed are trade confirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions across FX, Fixed Income, Rates, Commodities, Derivatives and Equities.

We also provide Middle Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, Account Origination, Client Case Management, Estate Management, International Loan Administration, Trade Support and Confirmation services.

The purpose of this position is to assist the team in its various functions. The team looks after Commodities products, primarily Base and Precious metals. The team manages several functions including and not limited to metal financing, physical movement of metal, warehouse inspections, vessel screening, Shipper\’s Letter of Instruction, Warrants, deal validation and daily stock / deal reconciliations.

Your Impact and Contribution:

The role requires the ability to manage and resolve deal related quality issues and knowledge of Financial Markets products. The Global Commodities team manages transactional activity of the Global Commodities desks across various regions. We work with several internal and external stakeholders.

• Key source for internal/external stakeholders regarding physical inventory, settlements, warehouse stocks, transit stock, releases to clients etc.
• Handling documentation relating to change of title / storage / warehousing agreements.
• Conducting vessel screening for transit requirements and ongoing monitoring of inventory for trading activity / insurance limits.
• Performing LME / CME deliveries, warranting and cancellations. Detailed understanding of LME/CME specifications for metal delivery including reviewing producer, shipper, and warehousing documentation Vs contracts where appropriate.
• Scheduling and reviewing warehouse inspections / audits and resolution of issues.
• Daily and Monthly reconciliations, reporting and submissions.

We are interested in hearing from you if you have:

• 3 Years + experience (mainly Base with Precious experience highly preferred – settlements & logistics) ideally from a trading house.
• Previous experience on timely receipt and delivery against purchase and sale deals with correct documentation (including shipments, customs clearing, exchange of metal, insurance).
• Monitoring in transit stock and managing the documents and further arrangements with all stakeholders.
• 3RD Party inspections.
• Experience in stock reconciliations (EOM & DAILY).
• Insurance declarations.
• LME, CME Warranting, cancellations, rent endorsements.
• Bachelor of Arts or degree in Finance.

In order to be considered, please indicate your salary expectations and notice period on the application form.

If you\’re already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you\’ll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

We\’re aware of some accessibility issues on this site, particularly for screen reader users. We want to make finding your dream job as easy as possible, so if you require additional support please contact HR Direct on 1800 989 696.

Advertising End Date: 08/07/2025

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

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