Job Description
Commodities Operations Manager\n\nLocation: City of London\n\nSalary: £100k\n\nClient Details\n\nMy client is an international business with a busy London office based in The City of London. They are a Commodities specialist and will be looking for like minded candidates with skills in this area. \n\nDescription\n\nOverall purpose of the role: Head of Operations - Commodities\n\nResponsible for the management of operational aspects of day to day business reporting to the Assistant CEO.\nImplementation and management of departmental procedures and controls;\nEnsuring the smooth running of the Company's operations in compliance with all relevant internal and external regulations.Main Duties of the Role : Head of Operations - Commodities\n\n Oversee the running of the Operations Department of 4 people which will also include covering various tasks on a day to day basis\n\nSupervise all Roles where they have a reporting line to you - 4 people\nAuthorised "B" Signatory\nAuthorised signatory within banking systems to approve payments\nAuthorised to sign of Transfers, Financing and Metal Swaps providing the clients are within their credit parameters\nEnsure customer payments are within their credit parameters\nWritten procedures are completed for all tasks within operations and are updated regularly to ensure they are up to date\nEnsure trades are being booked into Trinity on a timely basis and in accordance with any external regulations\nEnsure ALL tasks have appropriate cover and are being completed on time and to a high accuracy level\nEnsure all reconciliations are completed and any outages are dealt with to resolution\nEnsure all Regulatory reporting is completed and any rejections are resolved within the time frames set either by the exchange(s) or by the regulators\nEnsure all Margin Calls are sent and are responded to ensure clients meet the calls, keeping risk informed of any failures and or concerns\nEnsure The Business can meet any commodity delivery requirements\nEnsure Clearing Broker statements agree to Trinity\nEnsure clearing house statements (Discounted VM, VM, ONLV, IM and Collateral) agree to Trinity\nManagement of trade confirmations\nExecute Internal control procedures and provide advice and recommendations to management on those procedures\nAssisting Front Office with physical base metals trade financing including the monitoring of stocks, rents, physical metal flows & payments\nLiaising with Traders to confirm metals positions, ensuring internal & external systems agree\nDelivery and Invoicing of Ex-Cleared LME Warrants to other LME Members\nEnsure LME Fees are being calculated on a daily basis enabling Finance to have an accurate daily accrual\nEnsure IB Commissions and fees are being recorded accurately on a daily basis\nOrganise the annual commodity insurance and review continuously to ensure The Business has adequate cover\nReview the monthly LIPS Performance received from the LME to ensure we are matching trades within the regulatory time frames\nReport to Finance the trades executed by colleagues abroad\nProduce IB statements at the end of each month according to their arrangement and send to the relevant IB's dealing with any discrepancies before finalising payment\nProduce operational risk forms when such an event originates from the operations team\nReview The Business's liquidity requirements and make suggestions accordingly to ensure full funded at all times\nProduce monthly transaction volumes and send to Finance for IFPR\nProduce Discounting statements when approval given to NPV client transactions\nOversee the option expiry process ensuring all reconciliations are performed and a high level of accuracy\nLead or be part of projects for improvement.
Profile\n\nSubstantial knowledge of commodities and related products such as treasury financing\nManaging / supervision of a small team\nA good level of understanding of the core processes, covering operations, Finance, Risk, Compliance & Technologies\nStrong Project management skills with a proven track record of delivering such\nFirst class client/ customer focus with the ability to understand their needs and where relevant organise bespoke delivery solutions\nStrong UAT and implementation skills\nStrong Excel Skills enabling spreadsheet creation and the supporting of existing spreadsheets \n\n *Must be happy to work 5 days in the office*\n\nJob Offer\n\nHead of Operations - Commodities, Financial Services Business \n\nCity of London Location\n\nSalary £90-110k plus 15-20% bonus