Business Systems Analyst - Metals Trading
- london, england, United Kingdom
- Job type not listed
- £60 - £80 Per Hour
Job Description
Koch Metals Trading Limited (Category 2 LME Member) is seeking a Business Systems Analyst to support our global metals trading business in our London office. In this role, you will be the senior IT partner to traders, risk, operations, and finance across our precious and base metals desks — translating complex trading, risk, settlement, and regulatory needs into solutions on our Trinity (by Quoreka) trading platform and surrounding data ecosystem. Success requires deep industry knowledge of physical and financial metals trading, strong analytical and mathematical problem‑solving instincts, and the technical depth to write SQL — often non‑trivial Oracle queries — that turns ambiguous business questions into defensible answers.
Our Team
This is not an entry‑level role. We are looking for a contributor who has worked inside a metals or commodities trading floor through full trade lifecycles, regulatory cycles, and at least one major CTRM platform. The role is based in our London, UK office.
What You Will Do
- Act as the bridge between front, middle, back office and the IT delivery team — partnering with traders, risk, operations, finance, and technology to offer support and deliver high‑value solutions across the metals trade lifecycle.
- Lead requirements workshops with traders and operations; document current (“as‑is”) and future (“to‑be”) trade lifecycle processes, and translate them into clear functional specifications, user stories, and process maps.
- Validate end‑to‑end trade lifecycle flows on Trinity — trade capture, pricing, exposure, mark‑to‑market, P&L, confirmations, settlements, invoicing, warrant management, and regulatory reporting.
- Author and tune complex Oracle SQL queries to investigate trade, position, P&L, and risk data; reconcile across systems; and produce analysis the business can act on.
- Translate LME, UK EMIR REFIT, and MiFID II reporting and position‑management changes into Trinity configuration, data‑model, and downstream‑interface requirements.
- Work with the team to manage a prioritized backlog of metals trading initiatives, balancing trader‑driven enhancements, risk and regulatory commitments, and platform health.
- Drive UAT planning, execution, defect management, and stakeholder sign‑off for Trinity changes and adjacent system work.
- Evaluate solution options end‑to‑end, ensuring compliance with internal policy, exchange rules, and applicable regulation.
- Build strong stakeholder relationships across London, Wichita, and other Koch metals locations; communicate project status, risks, and trade‑offs clearly to senior business and IT leadership.
Who You Are (Basic Qualifications)
- Several years of experience as a Business Analyst, Business Systems Analyst, or comparable role supporting a commodities trading business (metals strongly preferred), with demonstrable seniority and ownership.
- Deep, hands‑on understanding of the physical and financial metals trade lifecycle — trade capture, pricing, exposure, P&L, confirmations, settlements, invoicing, and warrant management.
- Strong knowledge of risk management concepts relevant to metals trading: MTM, P&L attribution, exposure, margin, and credit.
- Hands‑on experience with one or more CTRM platforms across front, middle, and back office.
- Strong Oracle SQL ability — able to independently write and optimize complex queries against production trading data without depending on a developer.
- Strong mathematical and analytical problem‑solving skills; comfort working with pricing, curves, and valuations.
- Proven experience translating business requirements into functional specifications, user stories, and process maps.
- Excellent written and verbal communication; able to influence at all levels of the organization and with external vendors.
What Will Put You Ahead
- Hands‑on experience with Trinity by Quoreka
- Direct experience with precious metals (gold, silver, platinum) and base metals (copper, aluminum, zinc, nickel, lead, tin) trading.
- Working knowledge of LME warranting, position limits, and post‑trade transparency obligations.
- Familiarity with UK EMIR REFIT and MiFID II transaction and commodity‑position reporting in a CTRM context.
- Experience with system integrations to ERP, data warehouses, market data providers (e.g., Bloomberg, Refinitiv), and exchange / clearing interfaces.
- Experience implementing AI or automation‑driven solutions to drive efficiencies in trading or back‑office workflows.
- Experience with Microsoft toolsets and AWS cloud services.
- Degree in Finance, Economics, Mathematics, Engineering, Computer Science, Trading, or a related quantitative field; equivalent industry experience will be considered.