At a Glance
- Tasks: Supervise Trading Operations, manage projects, and ensure high standards in trading activities.
- Company: Join a leading exchange committed to diversity and innovation.
- Benefits: Enjoy a competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for career growth and collaboration.
- Why this job: Make an impact in trading operations while developing your leadership skills.
- Qualifications: 10+ years in trading operations with strong knowledge of LME markets and regulations.
The predicted salary is between 60000 - 80000 € per year.
Responsibilities
- Supervise day-to-day work of Trading Operations staff.
- Implement and maintain procedures within Trading Operations as a subject matter expert.
- Provide day-to-day functional and technical expertise in assigned areas.
- Create and maintain professional external relationships through customer engagement and member visits.
- Take ownership of projects and change requests in assigned areas.
- Complete detailed documentation in assigned areas of expertise and responsibility.
- Represent Trading Operations at stakeholder meetings including Board Committees and with Regulators.
- Provide training and supervision to Trading Operations staff to facilitate cross-training and support for new starters.
- Provide effective first-line supervision for all trading activity on the Ring and LMEselect.
- Participate in the determination of the LME’s Futures reference prices.
- Ensure the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively.
- Determine the Closing Prices for Traded Options if applicable.
Service Support
- Provide supervisory operational support for the Electronic Trading (ET) and Reference Price Generation (RPG) Important Business Services (IBS).
- Provide first line support to LME members for their use of LMEselect and the Ring.
- Supervise the implementation and maintenance of procedures, identifying areas of improvement.
- Escalate issues as appropriate.
- Supervise day-to-day operations work of junior professionals.
- Create and maintain professional external relationships through customer engagement and member visits.
Electronic Trading Platform
- Become an SME in the LMEselect 10 functionality including Pre-Trade Risk Management (PTRM).
- Understand the functionality and settings of the pricing platform, Horizon.
- Escalate observations and suspicious activity to Market Surveillance.
- Produce monthly analysis reports for LMEselect activity.
- Provide guidance and input to improve content.
- Ensure trading platform risks are reviewed by other ET SMEs.
- Supervise the LMEtrader GUI and ensure member support.
- Supervise all LME Volatility Control Mechanisms.
- Understand the LME’s other IBSs and their dependencies on ET and RPG services.
Business Change
- Work with Trading Services Product Owners to prioritise and elaborate business requirements.
- Ensure change impact to areas such as Operational Resilience is understood.
- Have a strong working knowledge of ET and RPG applications and processes.
- Represent ET and RPG services in requirements meetings and UAT discussions.
- Plan and manage Business UAT activities for new ET and RPG application upgrades.
- Oversee rollout of new changes for ET and RPG services.
Other Supervisory Responsibilities
- Participate in the management of incidents including escalation and remedial actions.
- Supervise and participate in cross-training activities within ET and RPG services.
- Ensure junior professionals are supervised effectively.
- Understand regulations for the operation of an algorithmic trading platform as defined by MiFID.
- Work with the Regulatory Co-ordination team on compliance documentation.
- Promote the company’s corporate values and maintain a professional demeanor.
Knowledge and Experience Required
- At least 10 years’ experience working for the LME, an LME Member, Client or other exchange.
- Thorough knowledge of LME market terminology and applicable Regulatory obligations.
- Understanding of the LME markets and how they operate.
- Understanding of the forward price curve for each metal.
Shift Pattern
- Standard 40 Hour Week (United Kingdom)
- Scheduled Weekly Hours: 40
- Corporate Grade D - Assistant Vice President
- Reporting Line (UK Division): Trading & COO
- Location: UK-London
- Worker Type: Permanent
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. We welcome unique contributions in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. We want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
Senior Associate, Trading Operations employer: London Metal Exchange
The LME is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee growth, we provide extensive training opportunities and encourage cross-departmental learning, ensuring that our team members are well-equipped to excel in their roles. Our inclusive culture values diversity and fosters professional relationships, making it a rewarding place for those seeking meaningful careers in trading operations.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate, Trading Operations
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they operate. This will help you tailor your responses and show that you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family to get comfortable with common questions. The more you practice, the more confident you’ll feel when it’s time to shine in front of the real interviewers.
✨Tip Number 4
Don’t forget to follow up after your interviews! A simple thank-you email can go a long way in leaving a positive impression. It shows your enthusiasm for the role and keeps you fresh in their minds.
We think you need these skills to ace Senior Associate, Trading Operations
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Associate, Trading Operations role. Highlight your supervisory experience and any relevant expertise in trading operations. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this position. Share specific examples of your past experiences that relate to the responsibilities listed in the job description. Let your personality shine through!
Showcase Your Knowledge:Demonstrate your understanding of LME market terminology and regulations like MiFID II in your application. We love candidates who can speak our language and show they’re up to date with industry standards.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at London Metal Exchange
✨Know Your Stuff
Make sure you have a solid understanding of LME market terminology and the specific responsibilities of the Senior Associate role. Brush up on your knowledge of MiFID II regulations and how they apply to trading operations, as this will show that you're not just familiar with the basics but also ready to dive into the nitty-gritty.
✨Showcase Your Supervisory Skills
Since this role involves supervising Trading Operations staff, be prepared to discuss your previous supervisory experiences. Think of examples where you've successfully led a team, implemented procedures, or handled conflicts. This will demonstrate your capability to manage and mentor others effectively.
✨Engage with Real-World Scenarios
Prepare for situational questions that might relate to day-to-day trading operations or customer engagement. Consider how you would handle specific challenges, such as managing an error trade or dealing with a member's query about the LMEselect platform. This will help you illustrate your problem-solving skills and practical knowledge.
✨Build Relationships
Since creating and maintaining professional external relationships is key, think about how you can convey your interpersonal skills during the interview. Share past experiences where you’ve successfully engaged with clients or stakeholders, and highlight your approach to building rapport and trust in a professional setting.
