Commodities Operations Analyst - Precious Metals

G MASS Consulting; Greater London; On-site; GBP 45,000 - 70,000; Full time

Benefits offered by this job

Competitive salary

6-12 month contract

Job summary

G MASS Consulting is seeking an Associate / Senior Analyst to join one of our Investment Banking clients within their Precious Metals Operations function. You will play a central role in supporting the settlement, reconciliation, and risk control processes underpinning the firm's precious metals business, acting as a key point of contact between trading desks and operations.

This London-based contract role spans 6-12 months and offers exposure to end-to-end settlements, trade reconciliations,

Qualifications

• 2-5+ years in commodity/operations with precious metals exposure.
• Deep knowledge of precious metals markets, products, and settlement conventions.
• Experience with settlement systems and SWIFT messaging.
• Understanding regulatory frameworks for precious metals trading.
• Proven ability to manage trade reconciliations and cash settlements.
• Strong attention to detail and ability to work under pressure.
• Excellent communication skills for senior stakeholders.

Responsibilities

• Manage end-to-end settlement for precious metals including physical settlement and delivery.
• Oversee trade reconciliations and cash settlements across the trade lifecycle.
• Investigate discrepancies between trade details and confirmations.
• Liaise between trading desks and operations; provide updates on settlement status and priorities.
• Utilise settlement systems and SWIFT to process and monitor transactions.
• Apply knowledge of precious metals markets to support day-to-day operations and problem resolution.
• Contribute to the risk and control framework; identify operating model gaps.
• Collaborate with middle office, risk & control, and front office teams for smooth delivery.
• Maintain awareness of regulatory frameworks governing precious metals trading and settlement.
• Engage with senior operations managers and front office stakeholders with clear communication.

Skills

Settlement processes

Trade reconciliations

Cash settlements

Stakeholder communication

Regulatory awareness

Tools

SWIFT

Settlement systems

Job description

G MASS is seeking an Associate / Senior Analyst to join one of our Investment Banking clients within their Precious Metals Operations function. You will play a central role in supporting the settlement, reconciliation, and risk control processes underpinning the firm's precious metals business, acting as a key point of contact between trading desks and operations.

This role is based in London, and would be an initial 6-12 month contract.

Key Responsibilities

• Manage the end-to-end settlement process for precious metals transactions, including physical settlement and delivery of gold bullion, silver, platinum, and palladium
• Oversee trade reconciliations and cash settlements, ensuring accuracy and timeliness across the trade lifecycle
• Investigate and resolve discrepancies between trade details and confirmations, working closely with internal and external counterparties
• Serve as liaison between trading desks and operations, providing clear and timely updates on settlement status, issues, and priorities
• Utilise settlement systems and SWIFT messaging protocols to process and monitor precious metals transactions
• Apply comprehensive knowledge of precious metals markets, products, and settlement conventions to support day-to-day operations and problem resolution
• Contribute directly to the risk and control framework, identifying operating model gaps and supporting process improvement initiatives
• Collaborate closely with middle office, risk & control, and front office teams to ensure smooth operational delivery
• Maintain awareness of regulatory frameworks governing precious metals trading and settlement, ensuring adherence to relevant requirements
• Engage confidently with senior operations managers and front office stakeholders, including trading desk personnel, through clear communication and presentation of issues and solutions

Requirements

• 2-5+ years' experience in a commodity and/or operations role with substantial exposure to precious metals operations
• Comprehensive knowledge of precious metals markets, products, and settlement conventions, including physical settlement and delivery
• Settlement system experience along with familiarity with SWIFT messaging protocols
• Understanding of the regulatory frameworks governing precious metals trading and settlement
• Proven experience managing trade reconciliations and cash settlements
• Strong attention to detail with the ability to work accurately under pressure
• Excellent communication and presentation skills, with the confidence to engage senior stakeholders across operations and the front office

Benefits

• Salary: competitive salary
• Length: Initial 6-12m contract