Vaulting & Clearing Analyst

ICBC Standard Bank Group; City of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading financial markets and commodities bank is seeking a Vaulting & Clearing Analyst based in London. The successful candidate will coordinate logistics, support business changes, and ensure compliance within the Metals business. Candidates should have experience in a regulated environment and strong knowledge of precious metals logistics. This role offers a hybrid working model and various benefits including market-based pay and career development opportunities.

Benefits

Market-based pay

Discretionary annual bonus

Pension contribution 10%

Hybrid working – up to two remote days per week

Private medical insurance

Wellbeing initiatives

Paid volunteering leave

Qualifications

• Experience in a regulated environment, ideally financial services.
• Knowledge of the Metals business, including Physical, Vaulting and Unallocated London Clearing.
• Exposure to inventory systems with a control-based mindset.

Responsibilities

• Support the Head and Deputy Head of Vaulting and Clearing on logistics.
• Coordinate with the global Metals Desk and regional product heads.
• Develop MI and perform analysis for Clearing & Vaulting operations.

Skills

Experience in a regulated environment

Knowledge of the Metals business

Exposure to inventory systems

Understanding of Precious Metals logistics

Experience managing financial risks

Strong interpersonal skills

Job description

Vaulting & Clearing Analyst

ICBC Standard Bank Plc – London, England, United Kingdom

About the role

The Vaulting and Clearing function is part of the Metals Department within Global Markets, responsible for all vaulting and clearing activities for precious metals and the governance of storage, transport and logistics for the Bank’s metal business.

This analyst will support the Head of Commodities and the Metals business, coordinating logistics and driving business changes across the bank.

What you’ll be doing

• Delivery and Execution:
  • Support the Head and Deputy Head of Vaulting and Clearing on logistics and Front Office Controls.
  • Coordinate with the global Metals Desk and regional product heads (Singapore, New York).
  • Develop MI and perform analysis for Clearing & Vaulting operations, feeding metrics into operational resilience controls.
  • Serve as the global point contact for logistics and issue resolution, developing new processes where relevant.
  • Assist with management of physical loss insurance cover for metals products.
  • Collaborate with Sales to support new clients and opportunities.
  • Maintain high-quality client service and promptly escalate complaints or concerns.
  • Ensure controls support confidentiality of bank and client information.
  • Oversee Front Office Controls across the Metals business.
• Conduct & Culture:
  • Comply with all Anti‑Bribery and Corruption laws, regulations and policies.
  • Ensure Anti‑Money Laundering compliance.
  • Uphold the firm’s values and adhere to ICBCS standards, principles and best practice.
  • Escalate significant regulatory or compliance issues promptly.
  • Ensure mandatory training is completed.
  • Operate within SLAs of the Standard Bank Group.
  • Control access to MNPI to authorised individuals.

What you’ll need to be successful

• Experience in a regulated environment, ideally financial services.
• Knowledge of the Metals business, including Physical, Vaulting and Unallocated London Clearing.
• Exposure to inventory systems with a control‑based mindset.
• Understanding of Precious Metals logistics, import/export logic and shipping processes.
• Experience managing financial risks and establishing internal control environments.
• Proven ability to identify and build new business opportunities.
• Strong interpersonal skills for effective communication with stakeholders and clients.

Why should you join us?

ICBC Standard Bank Plc is a leading financial markets and commodities bank with global reach. We support our employees with flexibility, rewards and opportunities for growth, foster an inclusive culture, and are committed to equal opportunities for all applicants.

Benefits

• Market‑based pay, discretionary annual bonus, pension contribution 10% (employee 5%).
• Travel insurance, life assurance and income‑replacement insurance.
• Hybrid working – up to two remote days per week, depending on the role.
• Family support – 6 months fully paid maternity leave, enhanced shared parental leave, coaching for returners, and support for miscarriage and menopause.
• Wellbeing – private medical insurance, Bike‑2‑Work scheme, health and fitness subsidy, holiday exchange, and Employee Assistance Programme.
• Community – paid volunteering leave, Give As You Earn scheme, and CSR forums.
• Career development – a suite of learning opportunities to build essential skills.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Analyst – Investment Banking

How to apply

If you’re excited about joining our team, please contact John Doe at [e-mail] or apply through our careers portal.