Commodity Operations Manager

  • Competitive + bonus
  • New York, NY, USA
  • Permanent, Full time
  • Trevose Partners Limited
  • 13 Nov 17 2017-11-13

Our client is a leading global investment bank with a strong footprint in London and Asia. They have an urgent requirement for a seasoned manager to join the bank to run America Commodities Operations. Initially you will play a major role in the build out of the CME clearing process and thereafter run the function on a BAU basis. This is a rare opportunity to join a bank with plans to build out their commodities clearing business and will appeal to candidates who feel their growth ambitions are no longer matched by their existing employer.

The Role:

  • Hands on management of commodities middle office / operations function
  • Maintenance of broker, contract, accounts in the banks systems to ensure STP trade flow
  • Top Day Trade Monitoring and allocations for CME (NYMEX, COMEX, CBOT) and LME
  • Monitoring Lifecycle events on TAS trades
  • Trade and Position Reconciliation against the CME
  • Trade Validation (Inventory Financing and Commodity Derivatives)

 

The Candidate:

  • Experience in delivering change and removing obstacles to efficiency or improving the control environment
  • Demonstrated ability to make quick, clear and effective decisions independently while operating within the banks control framework and risk appetite.
  • Strong understanding of post trade clearing processes on CME required. Strong or sound understanding of ICE and LME processes preferred.
  • Strong understanding of Futures, Listed and OTC Derivatives and Repo/financing structures.
  • Understand PNL derivation for all trades to facilitate the identification of incorrect trade details and enhance understanding of the trades being done.
  • In depth knowledge of the full end to end process management (Trade booking to trade settlement). This includes all the lifecycle events