Metals Settlements Associate (Physical & Cash)
Role Overview
The Commodities Back Office Analyst will be responsible for cash and physical settlement of commodities trades, with a particular focus on precious and base metals physical delivery in London.
This role is essential to ensure safe settlement, inventory control and reconciliation across the full trade lifecycle.
Required Experience
More than 4 years of experience managing Commodities settlements.
Preferred Location
Madrid
Key Responsibilities
- Manage cash settlement and physical delivery of commodities trades.
- Handle settlement instructions, cut-offs and fail management.
- Support onboarding and daily interaction with:
- Clearing brokers
- Bullion banks
- Custodians / vaults.
- Manage allocated and unallocated metal accounts.
- Perform inventory reconciliation and investigate discrepancies.
- Ensure accurate and timely confirmations and settlement matching.
- Support month-end and audit activities related to inventory and settlements.
Requirements
- Experience in Back Office / Settlements within Commodities Metals.
- Strong understanding of physical metals settlement (London market preferred).
- Knowledge of allocated vs unallocated account structures.
- Familiarity with clearing and settlement processes for OTC commodities.
- Strong control mindset and attention to detail.
- Fluent English and Spanish
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