Trade Support Specialist

Location: Kiev, Ukraine

We have a unique opportunity for a trade support specialist to join our operations team.  This opportunity in the Trade Support team in London is to work closely with the trading team to support futures and physical trading activity, reporting to the Trade Support Manager.


• Drafting of physical contract documentation incorporating SAL/RSAL/ICE NY11 rules and general terms & conditions 
• Entering physical contracts onto trading system (ITAS). Ensuring accurate, complete, consistent and timely data capture.
• Checking third party contract documentation against contract entry details of Trading system
• Reviewing / updating contract cost provisions, commissions, polarisation provisions, and P&L ensuring accurate, complete, consistent and timely data capture.
• Contract discrepancy resolution. Liaison with traders / clients to resolve any disagreement with contractual wording. 
• Processing physical contract amendments and drafting letters of addendum.
• Management of central contract filing system. Monitoring receipt of all contracts and follow up of any missing contracts.
• Risk management of Pre-finance and Collaterally Managed stocks
- ensuring that approval has been given by Control/Risk department
- ensuring that risk limits are not exceeded
- ensuring that warehouses are approved by insurers & if not organising warehouse
- surveys
- Co-ordination of pre-finance stocks with overseas offices in order to ascertain joint stock exposure vs stock approval limits  
• Inventory management of Pre-finance stocks
- Monthly Inventory reconciliation – obtaining warehouse reports from the warehouse keepers and reconciling to our own records.
- monthly storage Insurance declaration for Stock financed sugars
- co-ordinating regular physical stock takes of inventory
• Maintenance of  warehouse contract documentation
• Daily  and periodic  support to the Sugar Futures Trade Support Specialist
- Daily recording and reconciliation of futures / options trades
- Agreeing positions with brokers
- Accurate internal allocation / referencing of trades
- Providing assistance to overseas subsidiaries who trade through London
- Verifying external brokerage invoices
- Periodic allocation of costs / fees / interest to the relevant profit centre
- Investigating and reporting  of positions
- Raising client pricing recaps.

•  1-2 years’ experience gained within an operations environment of a trading house ideally within the trade support function
• Ability to perform accurate calculations and analyse P&L transactions 
• Must have a good understanding of commodity futures, physicals trading, hedging strategies and market risk
• Knowledge of SAL/RSAL/ ICE no.11/ Euronext Liffe rules would be an advantage
• Must be numerate with strong I.T. skills (ITAS would be an advantage)
• Proven experience of related trade support activities.

• Ability to communicate clearly and confidently at all levels, and concisely express complex issues
• Willing to take full responsibility for the effective resolution of trade support issues
• Able to use sound judgment and make timely, informed decisions to ensure efficient and appropriate operational support
• Strong analytical skills and the ability to identify and solve complex problem
• Strong organisational skills and the ability to prioritise effectively
• Diligence and complete attention to detail
• Adaptable to the dynamic trading environment
• Ability to deal with multiple demands through effective prioritisation/time management
• Ability to speak English and Ukrainian


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