Role Responsibilities for Trade Support Specialist:
- Daily recording and reconciliation of futures / options trades
- 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 and internal cross futures trades.
- 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
- Daily reconciliation of broker/clearer statements against ITAS
- Day to day interface with to traders, clearers, brokers, clients and overseas subsidiaries who trade through London on all futures related queries.
- Recording External Broker trading volumes and verifying external brokerage invoices
- Sending pricing recaps to clients for SEO/BEO pricing contracts
- Assisting ICE with surveillance requests
- Monitoring of OTC products (Recording of all OTC products; Checking of deal confirmations to physical contracts; Signing, returning & filing of deal confirmations; Co-ordinating the processing of structured products between Compliance team and other internal departments.)
- Monitor and circulate daily Physical & Futures Position reports and/or other trading reports as required by the business and answering all associated queries (Daily reporting of clearing position; Daily reporting for futures/ physicals positions).
- Provide cover and support for other Trade Support specialists during busy times and for annual leave.
Individual Attributes for Trade Support Specialist:
- Minimum of 2 years relevant experience in futures trading operations (preferably soft commodities or metals)
- Strong knowledge and experience of the commodity markets for both exchange listed products and OTC derivatives (Swaps, Options).
- Solid knowledge of front to back office trade life cycle is essential.
- Proven experience of physicals trading, hedging strategies and market risk.
- Advanced competency of Microsoft Excel (ITAS would be an advantage).
- Ability to identify, analyse & resolve differences in P&L and positions
- Knowledge of SAL/RSAL/ ICE no.11/ ICE Whites Futures Contract rules would be an advantage
