Precious Metals Operations
Posted on: 13 Jul 2021
Kansas City, MO
Job Description
General Duties
Processing trade settlements:
Currencies
Precious Metals – Physical / Unallocated
Daily & monthly reconciliations of external nostros / physical depositories
Reconciliation of exchange traded futures statements from brokers
Daily interaction with internal and external stakeholders
Problem solving and resolution of position / P&L discrepancies etc.
Margin Calls to Clients, intercompany & trading counterparts
Managing trade confirmations with market counterparts
Daily & monthly reconciliations of external nostros / physical depositories
Monitoring daily cash / metal flows and managing funding requirements
Intra-day trade / cash flow reconciliations
Internal system reconciliations
Confirming settlement figures with clients & trading counterparts
Follow and understand all internal procedures & comply with general FCA principles of business.
Implementing a nightly rec across all Loco London transactions for next day
Reconciliation of clearing accounts fees
Payment and allocation of Invoicing (Specifically Refineries & Carriers)
Daily Invoicing: All exports/imports
Confirming physical swap trade figures with refineries
Quote & Premium requests Carriers / Refineries
Shipment Log / manage out-turn adjustments
Filing of each physical shipment
Helping with the day to day workflow management of physical trading platform, PMX+
o Also helping with future development / testing
Liaising with the FO / BO Precious Metals team globally
Monitoring Clearing Accounts (intra-day) e.g. EBTS
Develop and maintain relationships with:
o Carriers
o Refineries
Ad hoc problem resolution as required.
Knowledge and Experience
Understanding of trade flows, treasury management and MS systems
Knowledge of the financial markets preferable but not essential.
Interest in finance and a willingness to learn
Qualifications
Degree level or equivalent education (preferred)
Skills
Good work ethic and ability to work effectively in order to meet deadlines
Attention to detail and accuracy
Strong communication skills (written and oral)
Effective planning, organisation and time management skills
Commercial awareness
Ability to work effectively in a team
INTL FCStone
New York, New York
INTL FCStone Inc. operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.
The company’s Securities segment offers value-added solutions that facilitate cross-border trading in foreign securities, including unlisted American Depositary Receipts, Global Depository Receipts, and foreign ordinary shares. It also operates as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies. In addition, this segment originates, structures, and places debt instruments; trades in various international debt instruments; and offers asset management services.
The company’s Physical Commodities segment provides a range of trading and hedging services comprising over-the-counter (OTC) products for various producers, consumers, and investors. It also provides financing services to commercial commodity-related companies against physical inventories.
The company’s Clearing and Execution Services segment offers prime brokerage foreign exchange services for the financial institutions and professional traders; provides a range of OTC products, such as 24-hour a day execution of spot, forwards, and options, as well as non-deliverable forwards; and operates a proprietary foreign exchange desk that arbitrages the exchange-traded foreign exchange markets with the cash markets. The company was formerly known as International Assets Holding Corporation and changed its name to INTL FCStone Inc. in March 2011. INTL FCStone Inc. was founded in 1924 and is headquartered in New York City, New York.
-
IndustryAccounting/Finance
-
No. of Employees1,851
-
Website
-
Jobs Posted167
