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- Tasks: Support commodity trading by booking, validating, and amending trades efficiently.
- Company: Join a leading City-based investment bank with a strong reputation in financial services.
- Benefits: Enjoy competitive pay, potential remote work options, and a dynamic work environment.
- Why this job: Be part of a collaborative team that values innovation and operational excellence.
- Qualifications: 5+ years in financial services with a degree or diploma in a related field required.
- Other info: Opportunity to work on new products and technologies while ensuring compliance and risk management.
The predicted salary is between 43200 - 72000 £ per year.
A City based Investment Bank wishes to hire within the middle office for Commodity products and to develop and maintain excellent working relationships with the Capital Markets Trading desk.
Overview
- Accountable for the execution of assigned on-desk trade support activities in a timely, accurate and efficient basis.
- Book, validate and amend trades, review trade discrepancies and follow up with clients, perform PnL, Risk, trade and position reconciliations.
- Support the resolution of discrepancies/exceptions, escalating to management as required.
- Support the introduction of new products, technology or processes that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.
- Identify potential risk situations within the scope of FICC Trade Support activities, escalating to management as required.
- Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank.
- Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.
- Ensure adherence to all aspects of First Principles, Our Code of Business Conduct and Ethics Corporate Policy, as well as all applicable legislation, regulatory rules and requirements, and Bank standards, policies and procedures (P&Ps) for such things as potential conflicts of interest, safeguarding of customer.
- Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC Trade Support activities.
- Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.
Experience Required
- 5+ years of business related experience in the financial services industry.
- University Degree/College Diploma in related discipline.
- Strong knowledge and understanding of a range of Financial Products including: Commodities (Energy and metals, especially metals financing), Fixed Income, and Interest Rate Derivatives.
- Knowledge of Financial Markets and Regulatory oversight bodies.
- Strong written and oral communication skills.
- Ability to work under tight deadlines independently or in a team-based environment.
Contact Detail:
MW Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Trade Support - Senior Associate
✨Tip Number 1
Network with professionals in the commodities and financial services sectors. Attend industry events, webinars, or local meetups to connect with individuals who work in trade support roles. Building these relationships can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in commodities trading. Understanding how new tools and processes are being implemented can set you apart from other candidates. Consider following relevant news sources or joining online forums to stay updated.
✨Tip Number 3
Prepare for potential interviews by practising your responses to common questions related to trade support and risk management. Be ready to discuss specific scenarios where you've successfully resolved discrepancies or improved operational efficiency in previous roles.
✨Tip Number 4
Demonstrate your understanding of regulatory compliance and risk management during conversations with recruiters or hiring managers. Highlight any relevant experience you have in adhering to regulations and how it has positively impacted your previous workplaces.
We think you need these skills to ace Commodities Trade Support - Senior Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commodities and trade support. Emphasise your understanding of financial products, especially in commodities, and any specific achievements that demonstrate your ability to handle trade discrepancies and reconciliations.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your 5+ years of experience in the financial services industry aligns with the job requirements. Be specific about your skills in risk management and customer service.
Showcase Communication Skills: Since strong written and oral communication skills are essential for this role, consider including examples in your application that demonstrate your ability to communicate effectively with clients and colleagues, particularly in resolving discrepancies.
Highlight Regulatory Knowledge: Given the importance of regulatory compliance in this position, make sure to mention any relevant knowledge or experience you have with financial markets and regulatory oversight bodies. This will show that you understand the compliance landscape and can adhere to necessary guidelines.
How to prepare for a job interview at MW Recruitment Limited
✨Know Your Commodities
Make sure you have a solid understanding of the commodities market, especially energy and metals. Brush up on recent trends and news in these areas, as this knowledge will demonstrate your expertise and passion for the role.
✨Demonstrate Problem-Solving Skills
Be prepared to discuss specific examples where you've resolved discrepancies or improved processes in your previous roles. Highlighting your analytical skills and ability to handle risk situations will show that you're capable of managing the responsibilities of the position.
✨Showcase Your Communication Skills
Since the role involves building relationships with the trading desk and clients, practice articulating your thoughts clearly and confidently. Be ready to explain complex concepts in simple terms, as effective communication is key in this position.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory landscape affecting commodities trading. Being able to discuss compliance and risk management will not only impress your interviewers but also show that you take the responsibilities of the role seriously.