At a Glance
- Tasks: Supervise trading activities and ensure compliance with regulations while determining market prices.
- Company: Join the London Metal Exchange, a global leader in industrial metals trading.
- Benefits: Enjoy a competitive salary, career growth, and a dynamic work environment.
- Other info: Collaborative team culture with opportunities for learning and development.
- Why this job: Make an impact in the fast-paced world of trading and develop valuable skills.
- Qualifications: 5 GCSEs including maths and English; experience in trading preferred.
The predicted salary is between 37800 - 46200 £ per year.
Shift Pattern: Standard 40 Hour Week (United Kingdom)
Scheduled Weekly Hours: 40
Corporate Grade: E - Associate
Reporting Line: (UK Division) Trading & COO
Location: UK-London
Worker Type: Permanent
About the London Metal Exchange and LME Clear: The London Metal Exchange is the world centre for industrial metals trading. Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms totalling $18 trillion, 178 million lots and 4 billion tonnes with a market open interest high of 1.8 million lots in 2024. All trades are cleared and settled by LME Clear. Participants can transfer or take on price risk against aluminium, copper, nickel, tin, zinc, lead, molybdenum, cobalt, lithium, steel scrap, rebar and hot-rolled coil as well as alumina, aluminium premiums and alloys.
Overall Purpose:
- To provide an effective first-line supervision for all trading activity on the Ring and LMEselect.
- To participate in the determination of the LME’s Futures reference prices, both on the Ring and on LMEselect.
- To participate on the Ring Disciplinary Committee responsible for ensuring conformity to the LME’s Ring Dealing Regulations and Code of Conduct.
- To ensure the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively.
- To determine the Closing Prices for Traded Options.
- To learn all processes across LME venues and functions managed by Trading Operations.
Responsibilities:
- Ensure the LME’s reference prices are determined in a manner that promotes the LME and meets the commercial and regulatory requirements of the job in full.
- Participate on the Pricing Committee on the Ring for the determination of Official and Closing Prices.
- Enforce the LME’s Ring Dealing Regulations and Code of Conduct; as a participant on the Ring Disciplinary Committee this involves imposing disciplinary procedures for rule breaches.
- Establish Settlement Prices on LMEselect for Ferrous Prices and new product launches for cash-settled futures to be traded electronically.
- Ensure the procedures around the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively and consistently, with all relevant information updated and documented.
- Carry out the procedure for the determination of the Closing Prices for Traded Options using LMEprism by making reference to all relevant trading activity and participant submissions.
- Ensure Benchmark Regulation Compliance as a Benchmark Administrator.
- Provide regular updates to LMEC on all relevant pricing-related matters, and to ensure the reference price are transmitted accurately on a daily basis through LMEprice.
- Provide Market Surveillance with all relevant observations and referrals from trading activity across LME venues.
- Effectively deal with all stakeholder queries relating to LME’s pricing procedures and Trading Operations in general.
- Recommend and promote enhancements to the management on issues that will benefit the LME’s price discovery procedures, and to participate in all relevant projects and initiatives.
- Provide tutorials and education to LME staff on issues relating to price discovery for Futures and Options.
PERSON SPECIFICATION:
Qualifications Required:
- 5 GCSE’s or more with C grades or above for mathematics and English language.
- Where appropriate, to have passed the LME probationary dealers exam.
Knowledge and Experience Required:
- Four years experience either working for a Member/Client, other Exchange or the LME in the trading environment.
- A knowledge or experience in electronic trading.
- A good knowledge of Benchmark Administrator responsibilities.
- A thorough knowledge of market terminology and the LME Rules and Regulations.
- A thorough understanding of the forward price curve for each metal.
- A thorough understanding of the dealing regulations.
- Where appropriate, a knowledge of Traded Options.
Skills Required:
- Data input skills.
- Interpersonal skills and the ability to communicate.
- Good business awareness.
- IT literacy.
- Quick and accurate numerical skills.
- Python (Intermediate Standard).
- SQL (Beginner/Intermediate Standard).
- Power Bi (Intermediate Standard).
Personal Qualities:
- The ability to work under pressure.
- Dealing with confidential information.
- Self-motivation.
- Teamwork.
- Reliability.
- Willingness to learn.
Trading Operations Associate employer: HKEX Group
The London Metal Exchange (LME) is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets finance. With a strong focus on employee growth, LME provides opportunities for leadership development and collaboration with talented professionals in a culture that values creativity and technical excellence. Enjoy competitive benefits and the chance to make a significant impact in the financial services technology sector while working in a vibrant city known for its rich history and diverse culture.
StudySmarter Expert Advice🤫
We think this is how you could land Trading Operations Associate
✨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 HKEX Group. 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 Trading Operations Associate
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 HKEX Group.
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 HKEX Group'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 HKEX Group
✨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 HKEX Group.
✨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 HKEX Group 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 HKEX Group 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.
