At a Glance
- Tasks: Support the trading desk by booking, validating, and amending trades efficiently.
- Company: Join a leading City-based Investment Bank with a focus on commodities.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a fast-paced team that values innovation and operational excellence.
- Qualifications: 5+ years in financial services and a degree in a related field required.
- Other info: Ideal for those passionate about commodities and financial markets.
The predicted salary is between 48000 - 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.
- Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC Trade Support activities.
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.
Commodities Trade Support employer: MW recruitment
Contact Detail:
MW recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Trade Support
✨Tip Number 1
Familiarise yourself with the specific commodities and financial products mentioned in the job description, especially energy and metals. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in trade support or related roles within investment banks. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your understanding of regulatory and compliance requirements in the financial services sector. Being able to discuss these topics confidently can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss examples of how you've improved operational effectiveness in previous roles. Highlighting your problem-solving skills and ability to work under tight deadlines will resonate well with the hiring team.
We think you need these skills to ace Commodities Trade Support
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 skills.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the job description. Mention your 5+ years of experience in the financial services industry and how it aligns with the responsibilities outlined, such as trade validation and risk management.
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 team members.
Highlight Problem-Solving Abilities: In your application, provide examples of how you've identified and resolved discrepancies or exceptions in previous roles. This will show your proactive approach and ability to handle challenges in a fast-paced environment.
How to prepare for a job interview at MW recruitment
✨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 exceptions in trade support. Highlight your analytical skills and how you approach problem-solving, as this is crucial for the role.
✨Familiarise Yourself with Regulatory Requirements
Understand the regulatory landscape that affects commodities trading. Be ready to discuss how you ensure compliance in your previous roles, as this will show your awareness of the importance of adhering to regulations.
✨Showcase Teamwork and Communication Skills
Since the role involves working closely with the Capital Markets Trading desk, emphasise your ability to communicate effectively and work collaboratively. Prepare examples of successful teamwork and how you’ve built relationships in past positions.