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LME Clear Risk Apprentice

  • London Metal Exchange
  • London, Greater London
  • £27500 per annum
Vacancy provider logo for BPP Professional Apprenticeships

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. The role is primarily task and reporting orientated as well as supporting and providing analytical review to all applicable risk practices. The Risk Apprentice will develop skills and technical capabilities within the wider Risk department assisting in the daily reporting, monitoring and control of member cleared positions, collateral, liquidity risk and investment. The Risk Apprentice will have the opportun...

  • GMFJ Reference
    253686
  • Wages
    £27,500 p/a
  • Hours
    40.00 per week
  • Date Posted
    30/08/2024
  • Start Date
    01/04/2025
  • Approx. Duration
    24 Months (2 year FTC)

  • Location
    London
  • Status
    Now Taking Applications
  • Sector
    Accountancy
  • Opportunity Type
    Higher Level 4
  • Apprenticeship Standard
    Investment operations specialist (ST0180)
  • Employer
    London Metal Exchange

Description

Qualification

We have collaborated with BPP to offer full time paid employment and to assist the successful candidate to obtain qualifications from the Chartered Institute for Securities and Investments (CISI). The Apprenticeship scheme will introduce the fundamentals of Financial Services and will provide candidates with the basic knowledge required for working within the financial markets and commodities sector.

The qualification content covers types of banking, and commonly used financial products such as shares, bonds and insurance and provides an understanding of financial terminology. It will also equip candidates with the knowledge to perform important basic calculations. This is a globally recognised qualification for practitioners working in the administration and operations areas of financial services.

You will be expected to pass the following qualifications:

• Introduction to Securities and Investment

• UK Financial Regulation

AND any ONE of the following:

Operational Risk

Risk in Financial Services


Key Responsibilities:

• 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.


For more information about this vacancy please contact BPP Professional Apprenticeships on 01133 500 333 (Ref ID: 253686)

• Good verbal, written, and presentation communication skills

• Good skills in working with PCs and on-line systems

• Intermediate Level Experience of Excel; willingness to attend courses on Word

  • Three A Levels (grade A-C) or equivalent (and GCSE English and Mathematics), OR
  • Significant work experience

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.

• Knowledge of, or interest in analytical or financial maths/ statistics
Permanent placement after the apprenticeship is not guaranteed however, there is a chance for it.

Please ensure that you apply for the position as soon as possible to avoid disappointment. The closing date is a rough guideline as to when an advert will close. The advert may close before the given closing date if the employer has filled the position(s).

BPP have a dedicated team who support students with disabilities, learning difficulties, health conditions and wellbeing. Please contact us at apprenticeshipapplications@bpp.com if you have any queries or would like more details.

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