At a Glance
- Tasks: Assist in managing commodities operations, including trade confirmations and inventory monitoring.
- Company: Join a leading financial institution with a global reach and dynamic team culture.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Exciting opportunity for career growth in a fast-paced environment.
- Why this job: Be part of a growing team and make an impact in the commodities market.
- Qualifications: 1-3 years experience in commodities operations and a degree in Finance preferred.
The predicted salary is between 28800 - 43200 £ per year.
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. Our team is expanding and this is a brand new position we are looking to fill with a dynamic and driven junior candidate. Its purpose 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.
- 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:
- 1-3 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 to submit a valid application. We’re keen to support you with the next step in your career.
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Advertising End Date: 28/01/2026
Associate, Commodities Operations in London employer: Commonwealth Bank
At Commonwealth Bank, we pride ourselves on being an excellent employer, offering a dynamic work environment that fosters growth and collaboration within our Market Operations team. As an Associate in Commodities Operations, you will benefit from comprehensive training, mentorship opportunities, and a culture that values innovation and teamwork, all while working in a vibrant location that supports a healthy work-life balance. Join us to be part of a forward-thinking organisation that is committed to your professional development and success.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, Commodities Operations in London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like Commonwealth Bank.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to Commonwealth Bank's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Associate, Commodities Operations in London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at Commonwealth Bank
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
