Middle Office Operations - LME
Daily Duties
* 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.
* 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.
* Input Floor blotters into Trade capture sheet and ensure session codes or trade times adhere to the LME Rules.
* Import Trades executed on FX platform including where necessary adding the necessary ISIN. This will include Bullion and FX transactions.
* Import Customer FX and Bullion averaging trades as per the Trader’s request from their trading blotter.
* Check and Agree Bullion Confirmations from ISDA Counterpart.
* Complete a 4 eyes check on all trades input into Trinity to ensure completeness of booking.
* Reconciliation of LME Cash positions including postings into back office systems.
* Reconciliation of LME Initial and Variation Margins to those produced by back office system.
* 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.
* LME Warrants – Perform Lodges and Withdrawals, Deliveries to and from LME Clear in SWORD.
* LME Warrants - Perform Allocation within Trinity and send out invoices to clients where relevant. Perform an end of day SWORD reconciliation.
* Daily LME Fee reconciliation Trinity v LME Clear.
* Daily IB reconciliation.
* Perform LME Option expiry which will involve the following:
* Trinity housekeeping to net down positions.
* Reconciliation LME Mercury with auto expiry settings.
* Liaise with Front office to change an expiry action in LME Mercury by 11:15.
* Ensure Partial assignments across multiple clients are distributed fairly.
* Reporting the Final Option expiry results to Traders and Sales teams by 11:30 ensuring any Partial assignments are brought to their attention.
* Performing final resulting actions in Trinity.
* Reconciling Trinity results to LME Mercury.
* Hands on experience in either LME Operations role with direct experience of trade processing, LME matching and position reconciliations.
* Experience with Reconciliations.
* Familiar with common desktop applications such as: Microsoft Excel, Word & Outlook.
* Intermediate level creating and maintaining Excel spreadsheets.
* LME Systems such as SMART, SELECT, SWORD & MERCURY.
Seniority level
Associate
Employment type
Full-time
Job function
Administrative and Analyst
Industries
Investment Management, Investment Banking, and Financial Services
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