ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from a unique Chinese and African parentage and an unrivalled global network and level of expertise.
ICBCS is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and the markets in which we operate. We deliver products in an environment that considers the appropriate needs of our clients, whilst providing guidance and expertise to ensure our employees understand our business and uphold the highest levels of conduct. We want passionate and talented individuals who are motivated by high growth potential being achieved in doing business the right way.
Headquartered in London, ICBCS also has operations in Shanghai
Division Summary
Our long-standing experience in precious and base metals positions us well to provide price risk management solutions across the precious metals spectrum, including gold, silver, platinum, palladium and minor PGMs and across the base metals spectrum, including aluminium, copper, lead, nickel, tin, zinc and cobalt.
Consumers, producers and traders in precious and base metals need to manage commodity-specific price risks and inventory exposures due to volatile resource markets and fluctuating exchange rates. Financial institutions need access to metal liquidity and may require physical bullion and clearing services. We offer our clients a range of financing, trading and risk management solutions.
Job Purpose
· Execute the Bank’s precious and base metals global strategies, with a focus on the Asia market.
· Support the desk through execution efforts across our flow trading, physical and financing businesses in metals, within the Bank’s risk and regulatory framework.
· Conduct role within remit of MAS Representative Licensing Framework.
Key Responsibilities
Metals Sales
· Execute and support the desk in precious and base metals products
· Market research and identify opportunities
· Provide client portfolio & market analysis for business strategy planning
· Preparation / drafting of management reports
Customer Relations
· Provide administrative customer support to improve client experiences
· Monitor client activities and report any financial crimes and suspicious transactions
· Trouble shooting and manage client complaints / dissatisfactions
Trade executions
· Conduct pre-deal check for good-to-trade status,
· Hedge and deal capture into systems accurately and timely
· Monitor customer positions, settlements, and credit limit utilisations
· Support physical precious metals trading and inventory management in Asia
· Maintain averaging deal database
· End-of-day reporting and checking
· Comply with all the regulatory rules, policies and procedures
· Escalate any issues to senior officers and Head of Metals, Asia
Preferred Qualifications and Experience
· Understanding of the MAS, PRA/FCA rules & regulations or equivalent is an added advantage
· Proficiency in MS Excel / PowerPoint / Word, risk management systems
· Meticulous and able to multi-task under pressure
· English language skills are essential. Mandarin is an added advantage.
