Good Delivery
Good Delivery is a quality standard in precious metals trading that ensures gold and silver bars meet specific requirements for trading on major international markets. Think of it like a "seal of approval" that tells buyers they're getting exactly what they're paying for. The London Bullion Market Association (LBMA) sets these standards, which cover things like the purity of the metal and the physical characteristics of the bars. When you see this term on a resume, it usually means the person has experience working with these high-standard precious metal products and understands the strict rules that govern their trading.
Examples in Resumes
Managed Good Delivery compliance for gold bar shipments worth over $50M annually
Supervised quality control processes ensuring Good Delivery standards were met
Led team responsible for maintaining Good Delivery accreditation at refinery operations
Typical job title: "Precious Metal Traders"
Also try searching for:
Where to Find Precious Metal Traders
Professional Organizations
Industry Networks
Events & Conferences
Example Interview Questions
Senior Level Questions
Q: How would you handle a situation where a gold shipment doesn't meet Good Delivery standards?
Expected Answer: A senior professional should explain the proper escalation procedures, including documentation, communication with relevant parties, quarantine procedures, and steps for resolution while maintaining compliance with LBMA requirements.
Q: What changes have you seen in Good Delivery standards over the years and how have you adapted operations to meet them?
Expected Answer: Should demonstrate knowledge of evolving industry standards, implementation of new requirements, and experience in updating operational procedures to maintain compliance.
Mid Level Questions
Q: Can you explain the key requirements for Good Delivery bars?
Expected Answer: Should be able to explain basic requirements like minimum purity levels, acceptable weights, physical dimensions, and proper marking requirements in simple terms.
Q: What documentation is required for Good Delivery transfers?
Expected Answer: Should know about weight lists, assay certificates, chain of custody documentation, and transfer procedures between approved vaults.
Junior Level Questions
Q: What is Good Delivery and why is it important?
Expected Answer: Should be able to explain that Good Delivery is a quality standard for precious metals that ensures consistency and reliability in trading, set by the LBMA.
Q: What are the basic checks you perform on Good Delivery bars?
Expected Answer: Should know about visual inspection, weight verification, and basic documentation checks required for Good Delivery bars.
Experience Level Indicators
Junior (0-2 years)
- Basic understanding of Good Delivery standards
- Familiarity with precious metals documentation
- Basic quality control procedures
- Understanding of vault operations
Mid (2-5 years)
- Detailed knowledge of Good Delivery requirements
- Experience with compliance procedures
- Quality control management
- Handling non-conformance issues
Senior (5+ years)
- Strategic oversight of Good Delivery compliance
- Audit management
- Relationship management with LBMA
- Crisis management experience
Red Flags to Watch For
- No knowledge of LBMA standards
- Lack of experience with precious metals documentation
- No understanding of quality control procedures
- Unable to explain basic compliance requirements
Related Terms
Need more hiring wisdom? Check these out...
From Passive to Active: Nurturing Candidates Over the Long Haul
Recruitment in the Fast Lane: How to Adapt Hiring Practices in the Blink of an Eye
Remote Hiring Playbook: Building High-Performing Distributed Teams
