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Operations and Confirmations Analyst

45000 - 35000
The City


Focusing on Energy and Metals, the responsibilities for the Operations and Confirmations Analyst include: Energy * Validation of trades between dealers' sheet and Openlink * Check exchange reports, brokers' recaps and summaries to trades. * Check traders exchange positions throughout the trading day * Ensure all trade/positions are finalised in Openlink cob * Clearing brokers reconciliation of trades, positions,fees and settlements * Advise traders of deliverable futures and options positions. * Advise clearing brokers of close outs of positions, option exercise and expiry * Set up new clients as authorised in Openlink * Set up new execution and OTC brokers as required in Openlink * Produce invoices and agree settlements with Counterparties * Produce settlement reports for Finance Department * Agree and request payment of brokerage invoices * Investigate and resolve payment fails/non receipts Metals * Input and validation of trades * Resolve trade queries with brokers and clients * Produce client servicing information as requested * Clearer reconciliation * Support the traders and resolve any discrepancies * Handle all trade transfer requests, HPC's and Metals Swaps obtaining approval from the required departments before inputting and validating the trades. * Co-ordinate with Singapore and NY operations team and provide support as requested * Assist with queries related to transaction reporting * Input prices into MBOS in the afternoon and evening * Complete all daily tasks as documented in the daily task list * Carry out all relevant month end procedures * Assist in the production, monitoring and reporting of confirmations * Produce settlement reports for Finance Department Monthly operations * Process monthly averaging * Bring OTC trades on Exchange via the LME * Produce monthly warrant reconciliations * Handle the option declaration process including close liaison with the front desk Confirmations * Produce Daily Trade listing to check all confirmations. * Add daily confirmation names and deal numbers to the outstanding deals listing. * Prepare confirmations as required for trades. * Check incoming confirmations to the system/our confirmations. * Liaise with traders to resolve confirmation discrepancies. * Liaise with Legal/Documentation team for new/updated confirmation templates. * Calculate Initial Margin figures using SPAN and produce the Daily IM reports. * Update common drive address book for new/ amended contact details. * Ensure all filing is completed in a timely manner. * Preparation of monthly and quarterly statements.

Person Specification for the Operations and Confirmations Analyst:
  • Reconciliations, Trade Support, Settlements
  • Good Excel skills (Macros, VLOOKUPs, Pivot Tables)
  • 3 years experience in commodity operations
  • Be driven, be a catalyst for change
  • Must have driven and caused process improvement

The client is one of the largest general trading companies) in Japan and Its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more. They've got an established presence in the City of London with huge growth and expansion on on the horizon.

Competitive salary (up to £45k) Fantastic benefits package and bonus Great career progression within a reputable financial services firm Offices in the City