Matching and Clearing Analyst - London Metal Exchange Team

Job description

Overview

Our client is a Global Investment Bank and as a result of continued growth they are currently offering an exciting job opportunity for an analytical and independent individual to launch your career in investment banking. This is an excellent opportunity to further your skills and knowledge in this sector as our client encourages lateral as well as vertical movement to gain exposure to multiple teams and areas of the bank and there are clear progression opportunities for ambitious and hardworking individuals.

This role is an Operations Senior Analyst based in the Birmingham office within the London Metal Exchange (LME) Operations team who are responsible for clearing and matching trades on the London Metal Exchange. The LME has a daily expiry which is also monitored by the team and this role would entail ad hoc listed derivatives tasks which need to be completed daily.

You will be responsible for the timely and accurate Matching and Clearing of LME trades. 'Matching' means ensuring that Brokers and Clients are in agreement as to what business has been executed. If there is a 'match' between the trade details relayed to the LME Operations team and those being alleged by brokers, the trade flows to the Exchange and is thereby 'Cleared'. As a counterpart to this process, you will also be responsible for performing daily reconciliations between internal systems and the exchange to ensure that there is consistency between information relating to cleared trades between the bank and the exchange.

LME futures contracts have a daily expiry, which is also monitored by the LME Operations Team. Decisions made by the clients as to how they wish to handle expiring positions will be relayed to the LME Operations Team, who will take appropriate steps to give effect to client instructions.

You role will involve interacting with front office trading desk, London Operations, Birmingham, London, US, Frankfurt Client Services, London Metal Exchange, London Clearing House, Client and Counterparties and London Compliance.

Key Responsibilities

• LME matching and clearing trades

• Trade and position reconciliations

• Processing corrections

• Trade allocations

• Responding to client and internal queries

• Highlighting and implementation of operational efficiencies

You will have

• Strong Excel and data entry skills

• Excellent focus and attention to detail

• An understanding of the in/out processes including having experience with multi-split allocations

• The ability to identify and re-engineer inefficient processes and see through to completion

• An understanding of omnibus/affiliate processes

• An understanding of derivatives

You will be

• A strong team player

• Educated to degree level or equivalent

• Able to work independently

• Analytical

• Able to handle pressurized situations