Clear Risk Apprentice (London Metal Exchange)

Summary

LME Group is offering a two-year apprenticeship which aims to provide a comprehensive program for the incumbent to develop skills for a future role in global financial/ commodity markets.

Annual wage: £27,497 a year
Minimum wage rates (opens in new tab)
Training course: Investment operations specialist (level 4)
Hours: Monday to Friday. Shifts to be confirmed.
40 hours a week
Possible start date: Tuesday 1 April
Duration: 1 year 6 months
Positions available: 1

Work

As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.

What you’ll do at work

Assist in the daily reporting and monitoring of the LME metals and Collateral markets and measuring the risk exposure of member and counterparty portfolios
To aid the wider team in improvements to daily processes
Proactively identify, report and ensure transparency of risks, immediate escalation of material issues to line/ senior management
Support team members and develop the skills to aid with automation of risk reporting and analysis
Review documentation of risk methodologies and provide comment on accuracy document versus daily practices
Monitor member cleared exposures and requirements & investment counterpart exposures versus limits and policy - escalate where appropriate
Monitor external/ macro market risks and potential impact to the collateral, liquidity and investment limit frameworks and policies
Monitor metals market risks and potential impact to margin parameters and members’ exposures
Preparation of daily, monthly and all committee reports - implement improvements and automation where possible
Assist with documentation of risk reporting procedures and ensure in line with models and methodology documentation
Assist with reporting development needs and enhance within model implementation process
Help to ensure default management capabilities are sufficient to manage a default in line with LME Clear regulations
Develop the role and own capabilities and complete the CISI qualification

Where you’ll work

10 Finsbury Square

London

EC2A 1AJ

Training

An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.

College or training organisation

BPP PROFESSIONAL EDUCATION LIMITED

Your training course

Investment operations specialist (level 4)

Equal to higher national certificate (HNC)

Course contents

Maintains a consistently high standard of service internally, towards clients and with intermediaries. Adheres to well defined timeframes, systems and processes. Consistently attentive to accuracy, detail and timeliness; meets required risk, regulatory and governance requirements. Performs tasks which may be complex, specialised, or non-routine, such as bespoke (OTC) derivative settlement and margin calculations, monitoring and processing these complex transactions through to completion; Preparing management, investment performance or review reports for internal and external clients.
Adopts high quality written and verbal communication skills as appropriate for communicating with internal and external clients. . Builds positive relationships with clients and colleagues using sound interpersonal and influencing skills. Able to coach/train less experienced colleagues. Able to communicate and negotiate complex situations and issues that may arise.
Consistently supports colleagues and the wider business, collaborating to achieve results. Aware of their role within team, how their team fits within the business and how the team’s decisions impacts on others. Takes a leadership role in the team when appropriate. Operates well under time pressure.
Takes ownership for delivery in their area of responsibility, both for the core role and for developing and implementing changes. Able to exercise autonomy and judgement within fairly broad parameters. Finds effective ways to resolve issues. Escalates decisions and issues when necessary. Capable of resolving complex issues that may involve other business areas.
Proactively plans and records their own development; seeks constructive feedback and incorporates within development plan; keeps up to date with changes in all areas of the role; shows commitment to the job and the industry.

Your training plan

Investment Operations Specialist Level 4 (Higher national certificate) Apprenticeship Standard

More training information

BPP apprenticeship training programmes are delivered virtually by our fully qualified and industry-experienced training team. Using their expert knowledge, we’ve purposefully built our programmes around the real-world use of modern technology, so that the skills we create can be directly applied in the workplace
Throughout the apprenticeship learners receive coaching, help and guidance from a dedicated team who are there to ensure they get the most from their work experience

Requirements

Essential qualifications

GCSE in:

GCSE's including English and Maths (grade (A*-C/9-4 or equivalent))

A Level in:

Any 3 A levels (grade (A*-C/9-4))

Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.

Skills

Communication skills
IT skills
Presentation skills
Good experience with Excel

Other requirements

Knowledge of, or interest in analytical or financial maths/ statistics.

About this company

The London Metal Exchange is the world centre for industrial metals trading. Most of the world’s non-ferrous metals business is conducted on the LME and the metals community uses the LME, a member of HKEX Group, as a venue to transfer or take on price risk, as a physical market of last resort and as the provider of transparent global reference prices.

After this apprenticeship

Permanent placement after the apprenticeship is not guaranteed however, there is a chance for it

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