Commodity Clearing Specialist

4 weeks ago


London, Greater London, United Kingdom RICHARD JAMES RECRUITMENT SPECIALISTS LTD Full time

Our client, a leading global energy & commodity trading group, is seeking a skilled Commodity Clearing Analyst to join their EMEA Financial Operations team.

The successful candidate will play a key role in the day-to-day functions across the various teams within Clearing Operations, as well as be involved in a wide variety of projects and process enhancements.

Responsibilities:

  • Completing intra-day and EOD controls to ensure all processes are running and all trades are feeding from source to books and records system.
  • Experience and knowledge of Brokerage and Broker rate agreements.
  • Responding to ad-hoc requests from Middle Office/ desks regarding positions, broker setup requests.
  • Exchange/CCP & Broker Reconciliations
  • Understanding and reporting listed options and futures expiries to the trading desks and middle office. Being aware of risks around the expiry processes on expiry day.
  • Review KPI's daily to ensure aged items and outstanding issues are resolved in a timely manner.
  • Ensure that all risk items are prioritized and escalated where appropriate.
  • Working closely with multiple teams within the organisation and in multiple locations (IT, Credit, Scheduling, Trading, MO, Trade Finance)
  • Regulation - Good level of understanding within the MiFID II space to ensure correct monitoring of MiFID obligations.
  • To present business cases for self-driven or otherwise, initiatives and projects to senior management.
  • Any other tasks as directed by your line manager.
  • Analyse and develop team procedures in line with market requirements.
  • Setting up of new entities on exchanges and with clearing brokers
  • Transfer of positions across clearing brokers, clearing accounts and exchanges, represented both internally as well as on exchange/clearing broker.

Experience Required:

  • Ideal candidate will have 2+ years' experience in either clearing / listed derivatives operations or general commodities operations
  • Experience of the Clearing/ Listed Derivatives world and daily interactions with clearing participants.
  • Strong derivatives product knowledge, including knowledge of the trade lifecycle of Cleared/Futures trades
  • Good knowledge of various exchanges such as CME, EEX, LME or ICE
  • Prior exposure to, and understanding of, CCP and Clearing broker margin call
  • Good system skills (Openlink/ENDUR, Amphora, ICE Credit Management, ICE Clearing Admin, TLM, Excel)
  • Previous exposure to Oil derivatives, European Power & Gas and Metals
  • Able to work independently without direct supervision but also happy in working as a team on projects.
  • Ideal but not a requirement, experience of the commodities physical market would be advantageous.


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