Job Description

Operations Analyst

Shift Pattern: Standard 40 Hour Week (United Kingdom)

Scheduled Weekly Hours: 40

Corporate Grade: E - Associate

Reporting Line: (UK Division) LME Clear Operations

Location: UK-London

Worker Type: Permanent

Overall Purpose of Role

The Operations Team provides the day-to-day running of LME Clear. The team primarily provides clearing and settlement capabilities. However, it also provides other operational support from a Risk & Treasury Operations perspective and works closely with the Risk Management function.

The Operations team ensures that trades, payments and balances reconcile correctly on a daily basis, that customers queries are responded to on a timely manner, and that data is being correctly reported to LME Clear as well as to other areas of the LME that perform services for LME Clear.

The area also ensures that all cash obligations, including margin calls, between LME Clear and its customers are being settled on a time with remedial action promptly taken to escalate any problem situations.

Lastly, the area will work with LME Clear management to manage and rectify any problems that require coordinated efforts.

The Operations Analyst performs designated functions related to:

• Clearing and settlement
• Day to day clearing operations
• Payments monitoring
• Physical delivery processing
• Operational support internally and externally

Responsibilities:

• Clearing & Settlement
• Capturing matched trades
• Position management
• Managing the settlement process of trades, including contract expiry and settlement, option exercise and assignment
• Managing the cash or physical delivery process
• Static data maintenance including Member, Contract and calendar management
• Managing the payment and collection of cash and non-cash collateral
• Treasury operations including payments monitoring, concentration & investment of monies
• Production of timely and accurate daily MIS
• Monitoring of pending trades
• Regulatory transaction reporting
• New code release testing

PERSON SPECIFICATION:

Academic and Professional Qualifications Required:

• A good level of academic achievement is required with GCSE passes and A-Level calibre
• Could be member/accredited by a professional body (e.g. Institute of Operational Risk)
• Could have a professional accounting or audit qualification

Required Knowledge and Level of Experience

• Experience in exchange and clearing processing with emphasis on clearing and settlement
• Good level of experience in an Operational capacity
• Overall (end to end) understanding and/or working experiences of clearing and CCP services
• Knowledge of UAT / Change

Skills set and Core Competencies Required for Role

• Knowledge of front to back clearing processes and operations
• Awareness of Regulatory environment and requirements in relation to a Clearing House
• Good verbal, written, and presentation communication skills
• Ability to follow procedures, identifies problems, and follow up on resolution
• Good skills in working with PCs and on-line systems
• Internal and external customer service skills
• Business Analysis and Problem Solving
• Ability to perform Functional and User Acceptance Testing
• Analytical and problem solving skill set
• Conceptual and practical knowledge of Clearing House operations.
• Knowledge of the financial markets (commodities, front to back processing etc.)
• Excel knowledge applicable to financial markets
• Familiarity with Financial Services Vendor Systems
• Knowledge of SWIFT preferred but not essential (how to use SWIFT Alliance Access (SAA) and the processing of SWIFT messages)

Hong Kong Exchanges and Clearing