Trading Operations Analyst

Shift Pattern: Standard 40 Hour Week (United Kingdom)

Scheduled Weekly Hours: 40

Corporate Grade: E – Associate

Reporting Line: (UK Division) Trading & COO

Location: UK-London

Worker Type: Permanent

Responsibilities

• Provide effective first‑line supervision for all trading activity on the Ring and LMEselect.
• Participate in determination of LME’s Futures reference prices on the Ring and LMEselect.
• Serve on the Ring Disciplinary Committee to enforce Ring Dealing Regulations and Code of Conduct, including imposing disciplinary procedures.
• Manage the Error Trade Policy and Dynamic Price Bands on LMEselect.
• Participate in the Benchmark Pricing Function to determine Platinum and Palladium auction prices.
• Determine closing prices for traded options using LMEprism.
• Learn all processes across LME venues and Trading Operations functions.
• Use quantitative skills to support LME strategic business initiatives.
• Analyze periodic reviews or recalibrations for trading methodologies and volatility control mechanisms within Trading Operations.
• Contribute to TOWG monthly meetings on quantitative‑related projects for Trading Operations.
• Develop, automate, and manage processes in Trading Operations under the Quantitative Governance Framework.
• Ensure reference prices are determined in a way that promotes the LME and meets commercial and regulatory requirements.
• Establish settlement prices on LMEselect for ferrous prices and new product launches for cash‑settled futures.
• Provide regular updates to LMEC on pricing matters and ensure accurate daily transmission via LMEprice.
• Provide market surveillance and referrals from trading activity across LME venues.
• Handle stakeholder queries regarding pricing procedures and Trading Operations.
• Recommend enhancements to improve price discovery procedures and participate in related projects.
• Provide tutorials and education to LME staff on price discovery for futures and options.

Experience Required

• Four years of experience working for a member/client, another exchange, or the LME in a trading environment.
• Knowledge or experience in electronic trading.
• Good knowledge of Benchmark Administrator responsibilities.
• Thorough knowledge of market terminology and LME Rules and Regulation.
• Understanding of the forward price curve for each metal.
• Understanding of dealing regulations.
• Knowledge of traded options where appropriate.

Skills Required

• Python
• SQL
• Power BI

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. We want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.

#J-18808-Ljbffr…