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Overview:
The position is to provide middle and back office support to the Dubai office’s Precious Metals Trading business as well as the StoneX subsidiaries. Please note there are weekend working requirements for this role.
Responsibilities:
- Processing trade settlements:
- Currencies
- Precious Metals – Physical / Unallocated
- Daily & monthly reconciliations of external nostros / physical depositories
- Daily interaction with internal and external stakeholders
- Problem solving and resolution of position / P&L discrepancies etc.
- Margin Calls to Clients, intercompany & trading counterparts
- Managing trade confirmations with market counterparts
- 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
- Follow and understand all internal procedures & comply with general principles of business
- Accrual, payment, and allocation of Invoicing (Specifically Refineries & Carriers)
- Daily Invoicing: All exports/imports
- Shipment Log / manage out-turn adjustments
- Filing of each physical shipment
- Instructing vaults to release/receipt metals from clients/refineries as per their equity/limits
- Helping with the day to day workflow management of physical trading platform, PMX+
- Liaising with the FO / BO Precious Metals team globally
- Reconcile positions, cash balances, collaterals, margins with DGCX (Dubai Gold & Commodities Exchange)
- Tracking of Letters of Credit received per shipment
- Maintain tax invoices of the metals received locally for VAT filing purposes
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Develop and maintain relationships with:
- Carriers
- Refineries
- Ad hoc problem resolution as required.
Qualifications:
- Previous experience in a commodities / FX back office role (settlements, confirmations, Treasury etc.)
- Degree level or equivalent education (preferred)
- Understanding of trade flows & treasury management
- Interest in finance and a willingness to learn
- 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, organisation and time management skills
- Commercial awareness
- Ability to work effectively in a team
