Vaulting and Clearing Specialist

ICBC Standard Bank; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial markets bank is seeking a Vaulting and Clearing Specialist to oversee and manage all aspects of logistics and front office controls related to precious metals. The ideal candidate will have strong interpersonal skills and experience in a regulated environment, ideally within Financial Services. You'll engage with various stakeholders, ensuring compliance with the bank's standards while driving key business initiatives. This role offers a hybrid working model and a comprehensive benefits package.

Benefits

Discretionary annual bonus

Hybrid working options

Private medical insurance

Enhanced parental leave

Qualifications

• Experience of working in a regulated environment, ideally Financial Services.
• Knowledge of the Metals business, both Physical, Vaulting and Unallocated Loco London Clearing.
• Demonstrated experience in identifying opportunities.

Responsibilities

• Support planning, development, and execution of key Metals related initiatives.
• Provide oversight and monitoring of Front Office Controls across Metals business.
• Ensure compliance with regulatory conduct rules.

Skills

Knowledge of the Metals business

Experience in a regulated environment

Strong interpersonal skills

Understanding of shipping processes

Job description

Vaulting and Clearing Specialist

About the job

The Vaulting and Clearing function forms part of the Metals Department within Global Markets. The function is responsible for all aspects of the Bank's vaulting and clearing activities for precious metals, and also assumes a governance role over the Bank's Metal Business regarding the storage and transportation of physical metals, including management oversight of controls and logistics across both Precious and Base Metals.

The Metals business offers cash, derivative and financing products in both physical and paper form, direct access for clients to LME and clearing, precious metals clearing and vaulting services.

The function will provide support to the Head of Commodities and the Metals business as a whole, both in logistics area and in driving business changes through the bank.

What you'll be doing

The role requires an understanding of our clearing and vaulting operations, in order to support planning, development and execution of key Metals related initiatives, liaising both with external parties and internal stakeholders.

You'll be responsible for :

Delivery and Execution

• Supporting the Head and Deputy Head of Vaulting and Clearing and along side the Metals business (the Business) for the Bank covering all aspects of logistics and Front Office Controls
• Provide support and co-ordination with global Metals Desk's and regional product heads including Singapore and New York
• Develop MI and perform analysis related to our Clearing & Vaulting operations, including metrics feeding into operational resilience controls
• Be a point contact for Metals for logistics and issues globally and develop new processes and procedures where relevant
• Assist with management of physical loss insurance cover for metals products
• Work with Sales to support new clients and opportunities
• Encourage and uphold the highest quality Client Service through all client touch points
• Escalate client complaints / concerns immediately through appropriate channels
• Ensure appropriate controls are in place to respect and maintain bank and client confidentiality
• Provide oversight and monitoring of Front Office Controls across Metals business

Conduct & Culture

• Maintain an awareness of and comply with all Anti Bribery and Corruption laws, regulations, policies and procedures relevant to ICBC Standard Bank and be cognisant of the key ABC risks including 3rd parties and inducements
• Maintain an awareness of and comply with all Anti Money Laundering laws, regulations, policies and procedures relevant to ICBC Standard Bank
• Uphold the Values of the firm
• Ensure the Business adheres to ICBCS standards, business principles, best practise and policies
• Escalate all significant Regulatory / Compliance issues and concerns immediately through appropriate channels
• Ensure compliance with regulatory conduct rules under the Senior Manager and Certified Person Regime
• Ensure all mandatory training is completed
• Operate within the terms of the SLAs with Standard Bank Group
• Ensure appropriate controls are in place to limit access to MNPI to authorised individuals

What you'll need to be successful

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

• Experience of working in a regulated environment, ideally Financial Services
• Knowledge of the Metals business, both Physical, Vaulting and Unallocated Loco London Clearing
• Exposure to inventory systems and able to demonstrate a control based mindset
• Understanding of Precious Metal s logistics processes and import / export logic
• Demonstrate s experience in managing financial risks and in establishing internal control environments to manage dealing rooms
• Demonstrated experience in identifying opportunities, and in successfully building and executing new business
• Exposure to inventory systems and control
• Understanding of shipping processes and import / export logic
• Strong interpersonal skills in order to ensure effective communication with internal stakeholders and clients

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance
• Hybrid working the option to work remotely up to two days per week, depending on the role
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners
• Development a suite of opportunities to build the skills you need to excel in your role

If you're excited about becoming part of our team, get in touch. We'd love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.