Graduate Credit Assistant

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  • Salary: Negotiable
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    Salary perAnnum
    Job TypePermanent
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    State/ProvinceGreater London
    AddressWC1V, Holborn and Covent Garden, Greater London

Graduate Credit Assistant


An entry level position has arisen to join a London-based broker and market maker, specialising in non-ferrous and precious metals derivatives.

Upto £29,000 (+ Bonus + Benefits) incl. CISI Investment’s Certificate in Derivatives; Capital Markets Programme.

Salary increased to £32,000 on successful probation and CISI awarded after 6 months.


The risk Department actively manages the firms Credit, Market and Operational risks by identifying and assessing potential threats and deploying techniques to control and mitigate them. The Graduate Risk Analyst position is a key entry level role, enabling strong candidates to discover how risk is managed across a regulated financial services firm, while developing core analytical skills.

The starting point for the successful candidate will be as a Credit Assistant learning the Credit Control function, which will provide a valuable insight into the inner workings of the LME brokerage business and act as a platform for career development. Full training and development will be offered to the successful candidate with support from the department as well as the wider company. The ideal candidate should be aiming to progress as an Analyst specialising in either Credit or Market Risk.

The Department consists of Head of Credit Risk (HCR), Head of Market Risk, 2 Senior Credit Analysts (1 based in Singapore), 1 Credit Analyst, 1 Junior Credit Analyst and 1 Risks Officer.

Key Responsibilities/Duties:

* Timely delivery of margin and ledger calls to customers and clear communication to the HCR regarding progress on the payment of these calls.

* Liaison with the Singapore office to agree margin and ledger calls issued during Asian hours.

* Preparation and circulation of the Daily Margin and Ledger Calls Report.

* Preparation of payment requests for sign off by the HCR.

* Processing of Position Transfers, Historic Price Carries and Metal Position Swaps for sign off by the HCR. This requires the calculation of exposures to ensure no breach in limits.

* Assisting the Credit Risk Department in the preparation of bi-monthly Credit Committee meetings. This includes: the preparation and distribution of the agenda and credit proposals, writing the minutes and liaison with MC Singapore.

* Obtaining financial accounts in line with annual review deadlines, either directly from customers or via the Front Office.

* Preparation of management information and ad-hoc reports on a periodic basis for HCR and Senior Management.

* Supporting the department by providing assistance and cover where necessary.

Candidate Profile:

* Graduate with an excellent academic record, likely in an analytical or numerical discipline.

* Meticulous attention for detail and ability to come to sensible well thought out conclusions.

* The ability to work well as part of a team and maintain a dialogue with department members and the HCR; therefore excellent communication skills are essential.

* Strong IT skills – preferably Excel and VBA.

* The ability to learn quickly and adapt to new challenges.

Location and Hours:

* The position is based in our London Head Office

* The hours are 08:00 – 17:30, Monday to Friday, although flexibility will be required at peak periods.

Staff Benefits:

* Contributory group personal pension scheme.

* Permanent health insurance.

* Wholly discretionary annual bonus scheme.

* Interest-free season ticket loan.

* Life assurance (death-in-service benefit).

* Subsidised gym membership scheme (taxable benefit).

* Subsidised private health care scheme (taxable benefit).

* Staff cafeteria.

* Annual leave starts at 22 days, plus Bank and public holidays