Senior Associate, Commodities Operations

Commonwealth Bank; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a dynamic team within a leading financial institution where your expertise in commodities operations will be valued. This role focuses on managing the complexities of physical inventory, ensuring timely settlements, and maintaining high standards in documentation. You'll be at the forefront of key processes, from conducting vessel screenings to overseeing warehouse audits, all while collaborating with internal and external stakeholders. If you have a proactive approach and a strong understanding of commodity trading risks, this position offers an exciting opportunity to make a significant impact in a fast-paced environment.

Qualifications

• 3+ years experience in settlements and logistics, preferably in commodities.
• Strong attention to detail and accuracy in documentation.

Responsibilities

• Manage physical inventory and documentation for commodity trading.
• Conduct vessel screenings and oversee warehouse inspections.

Skills

Inventory Management

Settlement Processes

Logistics Coordination

Attention to Detail

Stakeholder Communication

Education

Tertiary qualifications in finance

Tools

IHS Markit

World Check

Job description

About the business:

Market Operations is a team of 400 Operations Professionals who support our Financial Markets, CommSec, Trade Finance & Treasury businesses globally. Functions performed are trade confirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions across FX, Fixed Income, Rates, Commodities, Derivatives and Equities.

We also provide Middle Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, Account Origination, Client Case Management, Estate Management, International Loan Administration, Trade Support and Confirmation services.

Picture yourself in the team:

The purpose of this position is to assist the team in its various functions. The team looks after Commodities products, primarily Base and Precious metals. The team manages several functions including and not limited to metal financing, physical movement of metal, warehouse inspections, vessel screening, Shipper's Letter of Instruction, Warrants, deal validation and daily stock / deal reconciliations.

This role will report to the Manager, Commodities Operations.

Do work that matters:

Your key responsibilities will include but are not limited to:

• Key source for internal/external stakeholders regarding physical inventory, settlements, warehouse stocks, transit stock, releases to clients etc.
• Handling documentation relating to change of title / storage / warehousing agreements.
• Conducting vessel screening for transit requirements and ongoing monitoring of inventory for trading activity / insurance limits.
• Performing LME / CME deliveries, warranting and cancellations. Detailed understanding of LME/CME specifications for metal delivery including reviewing producer, shipper, and warehousing documentation Vs contracts where appropriate.
• Scheduling and reviewing warehouse inspections / audits and resolution of issues.
• Daily and Monthly reconciliations, reporting and submissions.

We are interested in hearing from you if you have:

• 3 Years + experience (mainly Base with Precious experience highly preferred - settlements & logistics) ideally from a trading house.
• Previous experience on timely receipt and delivery against purchase and sale deals with correct documentation (including shipments, customs clearing, exchange of metal, insurance).
• Monitoring in transit stock and managing the documents and further arrangements with all stakeholders.
• 3RD Party inspections.
• Experience in stock reconciliations (EOM & DAILY).
• Insurance declarations.
• LME, CME Warranting, cancellations, rent endorsements.
• IHS Markit & World Check Sanctions Screening.
• Tertiary qualifications in a finance discipline desirable.
• Strong attention to detail and high degree of accuracy.
• Demonstrated experience in the mitigation of operational errors and c onfidence in owning and relaying information to stakeholders.
• Strong desire to take ownership and responsibility for tasks combined with a p roactive approach to physical operations and ability to anticipate problems.
• Prior experience in system developments.
• Good understanding of the risk elements in commodity trading.

In order to be considered please indicate your salary expectations and notice period on the application form.

If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.

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Advertising End Date: 11/05/2025