• 29 July 2010
• Reference: JR214587

• OTC Commodity Settlements

• City of London Competitive Permanent
• Benefits: competitive

Our client, a leading international trading company, are looking to recruit an OTC Commodity Settlements Analyst

The role would be within the Commodity Department Back Office, which is within the Treasury Department. The Back Office works for the Front Office and covers the duties required of them in relation to Precious & Base Metals and Energy OTC and Futures. Our role is to ensure that trades & confirmations are matched correctly, settlement is carried out in a timely manner, P & L is reported accurately and any issues are effectively and efficiently dealt with.

Duties and Responsibilities

· Cash settlement for Precious, Base & Energy trades.
· Transfer of precious metals transactions
· Creating trade confirmations and invoices.
· Reporting P/L.
· Daily reconciliations for Future trades
· Daily reconciliation of bank account
· Monitoring and occasional settlement of Margin movements
· Ordering of Physical Metal
· Creating monthly audit letters
· Payment of VAT invoices, brokerage charges and shipment fees.
· To review existing procedures and processes, looking to add more value and produce a more efficient way of working.

The candidate must have proven experience working in energy/commodity background and have experience with a range of trade types.

Excel knowledge, with a requirement of being able to write macros

Experience in systems such as SAP, Kiodex & econfirm would be an advantage




Joslin Rowe - Winner of 4 UK Recruiter Awards including Best Accountancy/Financial Recruitment Firm and Best Office Support Agency.
Joslin Rowe is a Randstad company. Joslin Rowe Associates Ltd encourages applications from individuals from all backgrounds but candidates must be able to demonstrate their ability to work in the UK. Joslin Rowe Associates Ltd is acting as an Employment Agency in relation to this vacancy.

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