Trading Operations Associate

Latest Job


Trading Operations Associate

Location: London (On-site)

Salary: Competitive


Trading Operations Associate – Permanent Role – £55,000 – £65,000

Senior Trading Operations Associate Role – £75,000 – £85,000

Overall Purpose of the Role:

  • To provide an effective first-line supervision for all trading activity
  • To participate in the determination of the organisations futures reference prices
  • To ensure the Error Trade Policy and Dynamic Price Bands are managed effectively
  • To participate on the Benchmark Pricing Function in the determination of the Platinum and Palladium auction prices
  • To determine the Closing Prices for Traded Options
  • To determine Settlement Prices
  • To learn all processes across the company’s venues and functions managed by Trading Operations


  • Ensure that reference prices are determined in a manner that promotes the company and meets the commercial and regulatory requirements of the job in full
  • Participate as part of the Quotations Committee for the determination of Official and Closing Prices
  • Enforce Dealing Regulations and Code of Conduct; as a participant on the Ring Disciplinary Committee this involves imposing disciplinary procedures for rule breaches
  • Establish Settlement Prices for Ferrous and Precious Prices
  • Establish Settlement Prices for Cash Settled Futures
  • Ensure the procedures around the Error Trade Policy and Dynamic Price Bands are managed effectively and consistently, with all relevant information updated and documented
  • Carry out the procedure for the determination of the Closing Prices for Traded Options by making reference to all relevant trading activity and participant submissions
  • Ensure the Platinum and Palladium prices are determined effectively through daily auctions
  • Ensure Benchmark Regulation Compliance as a Benchmark Administrator
  • Provide regular updates on all relevant pricing-related matters, and to ensure the reference price are transmitted accurately on a daily basis
  • Provide Market Surveillance with all relevant observations and referrals from trading activity
  • Effectively deal with all stakeholder queries relating to pricing procedures and Trading Operations in general
  • Recommend and promote enhancements to the management on issues that will benefit the price discovery procedures, and to participate in all relevant projects and initiatives
  • Provide tutorials and education to staff on issues relating to price discovery for Futures and Options

Knowledge and Experience Required:

  • Each position within the department is dependent on knowledge, experience and performance
  • Four years experience either working for a related client or a similar trading environment
  • A knowledge or experience in electronic trading
  • A good knowledge of Benchmark Administrator responsibilities
  • A thorough knowledge of market terminology
  • A thorough understanding of the forward price curve for each metal
  • A thorough understanding of the dealing regulations
  • Where appropriate, a knowledge of Traded Options

Skills Required:

  • Data input skills
  • Interpersonal skills and the ability to communicate
  • Good business awareness
  • IT literacy
  • Quick and accurate numerical skills

Personal Qualities:

  • The ability to work under pressure
  • Dealing with confidential information
  • Self-motivation
  • Teamwork
  • Reliability
  • Willingness to learn

Corporate Grade:

Associate – Level E

Corporate Grade Description:

Core Functional Responsibilities of an Associate Level:

The day-to-day focus of this level is on resolution of operational matters or transactions, where expertise is required to interpret against policies, guidelines or processes. Roles at this level may have full ownership for one or more processes, reports, procedures or products. They are also expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specific function.

Experience Criteria of an Associate:

Incumbents at this level are emerging as an expert in a specific skill set, business area or product but they remain focused primarily on daily execution. They are expected to exhibit strong basic executional capabilities and potential. This level may include individuals who have just acquired professional qualifications or accreditation.

If you have a background in Metal Trading Operations and looking to for the next step in your career then this is the role for you!

Recruiter: Tom Newton


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