Posted By
Posted in
Banking & Finance
Job Code
1308606
Bullion/Precious Metals Operations Specialist
Roles & Responsibilities:
- Processing trade settlements:
- Currencies
- Precious Metals - Physical / Unallocated
- Daily & monthly reconciliations of external nostros / physical depositories
- Reconcile positions, cash balances, collaterals, margins with IIBX (India International Bullion Exchange)
- Oversee and manage the Demat accounts for bullion trading, ensuring accurate recordkeeping, account reconciliation, and compliance with relevant regulations.
- Monitor and track bullion inventory levels within Demat accounts. Coordinate with relevant teams to reconcile physical holdings with Demat account balances.
- Daily interaction with internal and external stakeholders
- Managing trade confirmations with market counterparts
- Monitoring daily cash / metal flows and managing funding requirements
- Intra-day trade / cash flow reconciliations
- Internal system reconciliations
- Follow and understand all internal procedures & comply with general principles of business
- Daily Invoicing: All exports/imports
- Coordinating with accounting department internally, and external third parties locally
- Shipment Log / manage out-turn adjustments.
- Filing of each physical shipment and managing logistics
- Liaising with the FO / BO Precious Metals team globally
- Provide support to other departments such as Payroll, Finance, and Compliance.
- Develop and maintain relationships with:
- Carriers
- Exchanges
- Third parties
- Ad hoc problem resolution as required.
Qualification and Skills:
- Previous experience in accounting, operations, or a related role within the bullion trading industry
- Degree level or equivalent education (preferred)
- Understanding of bullion trading operations, including trading processes, pricing mechanisms, quality standards, and logistics 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) and willingness to learn
- Effective planning, organisation and time management skills
- Commercial awareness
- Ability to work effectively in a team
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Posted By
Posted in
Banking & Finance
Job Code
1308606
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