Job Description
Middle Office Operations - LME
Daily Duties
1. Ensure trades are input into Trinity from TEO.This will include a mixture of manual input direct into the back office GUI and using a semi-automated process via the trade capture sheet
2. Monitor LMESMART for any mismatches, unmatched and alleged trades. Liaise with the relevant sales person and trader until such outages have been resolved. Must ensure that priority is given to the MIFIR Inter-office 10 minute matching rules for non-admin trades
3. Input Floor blotters into Trade capture sheet and ensure session codes or trade times adhere to the LME Rules
4. Import Trades executed on FX platform including where necessary adding the necessary ISIN. This will include Bullion and FX transactions
5. Import Customer FX and Bullion averaging trades as per the Trader’s request from their trading blotter.
6. Check and Agree Bullion Confirmations from ISDA Counterpart
7. Complete a 4 eyes check on all trades input into Trinity to ensure completeness of booking
8. Reconciliation of LME Cash positions including postings into back office systems.
9. Reconciliation of LME Initial and Variation Margins to those produce by back office system
10. Perform Commodity Position Reporting reconciliation against LME Clear and ensure report is sent to the LME and is accepted with NIL rejections by 08:30