We have a unique opportunity for a trade support specialist to join our dedicated Trade Support team within our Sugar business unit. Reporting to the Trade Support Manager the successful candidate will work closely with the trading team to support futures and physical trading activity.
The successful applicant will have gained experience working in futures trade support ideally within a soft commodities trading background and be prepared to work flexi-time as requested. Basic hours of work 12.00 pm to 20.00 pm (or 7.30 am to 16.00 pm during holiday cover periods only).
§ Working with traders to ensure all tickets are correctly filled out
§ End of day input into our CTRM trading system (ITAS) of broker futures trades, internal futures trades (transacted between Man entities) and internal cross futures trades (transacted between trading departments)
§ Reconciling broker confirmations to trades booked to ensure that all trades are captured correctly in CTRM (ITAS).
§ Instructing clearers to transfer internal futures between futures sub-accounts
§ Sending futures order fill confirmation recaps to traders
§ Daily reconciliation of broker/clearer statements against ITAS
§ Break Resolution, resolve & identify booking discrepancies
§ Day to day interface with to traders, clearers, brokers, clients and overseas subsidiaries who trade through London on all futures related queries.
§ Daily reporting to futures desk/Accounts/Clearers of anticipated trade discrepancy cash adjustments.
§ Recording External Broker trading volumes and verifying external brokerage invoices
§ Monitoring of ‘exchange for physical’ (EFP) pricing to come position
§ Sending pricing recaps to clients for SEO/BEO pricing contracts
§ Handling of give-up agreements
§ Assisting ICE with surveillance requests
§ Monitoring of OTC products :-
o Recording of all OTC products
o Checking of deal confirmations to physical contracts
o Signing, returning & filing of deal confirmations
o weekly reconciliation of Clearer’s statements against OTC records
o Co-ordinating the processing of structured products between Compliance team and other internal departments.
§ Futures expiry duties :-
o Cross up of the futures roll to all the house Accounts with open positions
o Abandon/Exercise maintenance of Options
o Settlement of expired futures (Brokers side)
§ Provide support and guidance to ensure compliance with all market regulations and adherence to internal control processes.
§ Daily reporting of clearing position
§ Daily reporting for futures/ physicals positions
§ Daily reporting of Pricing to come
§ Allocation of House rolled futures to correct physical contract at futures expiry
· Alert management/relevant parties to high priority issues or risks to daily business
· Review and update contract costs provisions, commissions and P&L’s ensuring that data is accurate, complete and consistent.
· Provide cover and support for other Trade Support specialists during busy times and for annual leave.