Commodities Settlements and Clearing Analyst

• Broad Role
• Hybrid
• Metals

Meraki Talent are working with a leading overseas bank to help them identify a Commodity Settlements & Clearing Senior Analyst.

This role will be part of a team providing the operational support to the Metals trading regions including London, Singapore and New York and will settle and reconcile all metals transactions booked on the Plc balance sheet.

The role requires strong focus and knowledge of the controls that we rely on to facilitate the settlement of their complete suite of metals products.

The role requires detailed two-way communication both to understand the requirements of the front office and clients/counterparties and to ensure that at all times they are keeping operational risk to a minimum.

The Commodity Settlements, Clearing & Reconciliations team’s responsibilities include:

Precious Metal Settlements
Cash settlements
Cash reconciliations
Agreement of netting and settlement mechanics with clients
Clearing (Loco London and Zurich)
Daily house and client settlement management
Daily LPMCL management including allocations, calls and brokers
Call account management
Client audit management
Daily and weekly metal reconciliations
VAT processing
Balance sheet substantiation

We are looking for:

Experience of working in a regulated environment, ideally Financial Services
Experience within clearing and vaulting commodity operations
Business knowledge – clearing and vaulting
Understanding of LBMA and ideally international markets
Understanding of risk and control
Banking knowledge
Knowledge of emerging markets
IT skills

Please forward your CV for more details.