Black Swan Group
Metals Operations Analyst
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Metals Operations Analyst
Job Title: Physical Commodities – Metals Operations Analyst (Hedge Fund)
Location: London
Working Model: In-office (5 days per week) – business-facing role
About the Role
A leading multi-asset hedge fund in London is seeking a Physical Commodities, Metals Operations Analyst to join its growing Metals Trading Operations team. This is a unique opportunity to support a rapidly expanding Physical Metals Commodities business, providing critical operational support to newly formed metals trading desks.
The role covers day-to-day trade management across concentrates, refined metals trading, and risk management, encompassing:
- Physical and financial metals commodity derivative operations
The business, which has experienced double-digit growth, is expanding its assets under management and investment strategies. Key responsibilities will include:
- Overseeing metals commodities trade bookings, trade capture, and trade enrichment (reconciliation/settlement)
- Managing the trade lifecycle (physical trade allocations, logistics, and commercial metals operations)
The firm is organised around conservative yet dynamic growth, offering strong career progression and cross-training opportunities for analysts in high-volume trading environments.
Responsibilities
The ideal candidate will support the Metals Trading team by:
- Executing metals commodities trade bookings
- Conducting real-time trade capture, enrichment, settlement reconciliations
- Managing the physical trade lifecycle (allocations, logistical coordination)
- Driving operational efficiencies through better processes and cost savings
- This workload requires knowledge and precision across metal Base & Precious commodities traded through leading exchanges.
- Acting as a middle-office operations analyst for physical commodities trading.
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The role offers a varied challenge, blending analytical, logistical, and process-driven tasks—setting you up well for transitioning into buy-side operational roles at a high-growth fund.
Requirements
Essential
- 1–5 years’ experience in fast-paced Metals Commodities Operations, specifically within:
- A hedge fund, Tier 1 investment bank, top-tier investment manager, or high-frequency trading firm
- Product expertise in Physical Commodities Trading / Exchange Traded Commodities/Metals
- Proven track record of leading process improvements at an operational level to:
- Increase efficiency
- Deliver cost savings
- Boost accuracy
- Demonstrable attitude toward continuous improvement (with clear examples in CV)
- Strong written and verbal communication skills
- Minimum academic qualification: Bachelor’s degree (or equivalent) from a reputable institution, especially relevant to finance/energy/commodities operations
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Applicants must highlight their transferable skills in commodities trading operations, relevant experience, and how they contribute to operational excellence.
Benefits & Compensation
Compensation: £60,000–80,000 base salary + discretionary bonus (up to 40% in line with firm growth/targets).
- Bonus reflects our competitive performance model.
- Other benefits packaged in alongside (typically open market competitive healthcare, pensions/investments, flexible working policies).
Right to Work: Full UK Right to Work required (non-negotiable).
- Note: No client sponsorship available and we cannot accommodate visas or temporary UK visas (e.g., Post Study Visas). This position requires UK residency or nationality to apply. Prior visas must be in line with UK law.
If you have Physical Metals Commodities experience and are eager to expand your trade operations skills in Metals at a top London hedge fund— join us now!
Key Plastines v Advantages: ✅ Unique move into Metals Operations from a growing trading desk ✅ Move seamlessly from Trading Operations towards a buy-side middle-office role ✅ Competitive discrete salary & performance-based bonus to grow alongside the business ✅ Central London-based with business-facing inoffice presence
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