Title Senior Precious Metals Operations

Overview

Connecting clients to markets – and talent to opportunity.

With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.

Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, Stone

X Group is made up of four business segments that offer endless potential for progression and growth.

Business Segment Overview

Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you’ll have the opportunity to optimize processes and implement game-changing policies.

Position

Purpose:

This role offers a unique opportunity to support the continuing development of this highly successful multi-product business. This role will offer the opportunity to learn about and assist with the daily Precious Metals operations within SFL, SXB, & SPM

Primary duties will include:

• Processing trade settlements:
  • Currencies
  • Precious Metals – Physical / Unallocated
• Daily & monthly reconciliations of external nostros / physical depositories
• Reconciliation of exchange traded futures statements from brokers
• Oversight and periodic review of all reconciliations and controls
• Support management with the regular review of all relevant procedures, ensuring they are detailed, accurate, and up to date
• Key point of contact for all support functions, including front office, operations, and risk
• Problem solving and resolution of position / P&L discrepancies etc.
• Margin Calls to Clients, intercompany & trading counterparts
• Managing trade confirmations with market counterparts
• Daily & monthly reconciliations of external nostros / physical depositories
• Monitoring daily cash / metal flows and managing funding requirements
• Intra-day trade / cash flow reconciliations
• Internal system reconciliations
• Confirming settlement figures with clients & trading counterparts
• Payment and allocation of Invoicing (Specifically Refineries & Carriers)
• Daily Invoicing:
  All exports/imports
• Confirming physical swap trade figures with refineries
• Quote & Premium requests Carriers / Refineries
• Shipment Log / manage out-turn adjustments
• Filing of each physical shipment
• Liaising with the FO / BO Precious Metals team globally
• Develop and maintain relationships with:
  • Carriers
  • Refineries
  • Customers

• Ad hoc problem resolution as required

Job Requirements:

• Minimum three years’ experience working in a commodities / precious metal back office role
• Experience in shipping/logistics of physical precious metals
• Experience creating and maintaining operational procedures
• Understanding of trade flows & treasury management
• Must be learn quickly and keep up with fast paced change in business requirements
• Good work ethic and ability to work effectively in order to meet deadlines
• Attention to detail and accuracy
• Strong communication skills (written and oral)
• Effective planning, organization and time management skills
• Commercial awareness
• Ability to work effectively in a team

Physical requirements/

Working conditions:

• Climate controlled office environment
• Minimal physical requirements other than occasional light lifting of boxed materials
• Dynamic, time-sensitive environment