The posting
About Marex
Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.
Marex Solutions, a division of Marex, is a specialist producer of tailored OTC derivatives and structured products. We are a highly entrepreneurial and fast-growing manufacturer, trader and service provider of customized derivative solutions. We design and implement solutions to mitigate against market risks or to create investment opportunities. We leverage cutting edge technology to empower our customers and disrupt traditional investment banking practices.
Role Summary
This analyst will be providing front to back operational support to the Structured Product business and its customers.
Responsibilities
- A key member of the operations team providing comprehensive support to OTC Derivatives and Structured Notes business of Marex Solutions front office and clients. Report and escalate issues timely to the Head of the team as well as relevant senior management of the Desk
- Daily BAU activities include, but not limited to:
- reconciling trade positions and cash flows
- managing trade and notes lifecycles
- sending trade confirmations and client statements
- dealing with margin calls, paying agent
- prime brokerage and settlements
- as well as making sure all relevant trades are reported correctly to meet MiFID, EMIR and Dodd-Frank regulatory frameworks
- Contributing to the establishment of new controls, enhancement and automation of existing reconciliation tools and processes
- Work closely and partner with finance, treasury, risk, audit and compliance departments
- Maintain detailed operating procedures for the team and train new joiners to ensure business continuity and minimize staff risk
- Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF
- Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with
- Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values
- At all times complying with the Marex’s Code of Conduct
- To ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility
- To report any breaches of policy to Compliance and/ or your supervisor as required
- To escalate risk events immediately
- To provide input to risk management processes, as required
The Company may require you to carry out other duties from time to time
Competencies, Skills and Experience
Competencies
- Excellent verbal and written communication skills
- A collaborative team player, approachable, self-efficient and influences a positive work environment
- Demonstrates curiosity
- Resilient in a challenging, fast-paced environment
- Excels at building relationships, networking and influencing others
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Skills and Experience
- Up to 3 years relevant experience in a similar middle office/operations role in financial service industry desirable but not compulsory
- Adept across the MS Office suite (the ability to write macros/VBA is highly desirable)
- Knowledge of Python is an additional skill
- Keen to work in a rapidly evolving and growing organization and make your mark, highly committed
- Problem solving skills
- A meticulous eye for detail
- The ability to work effectively under pressure in a busy environment
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this
Company Values
Acting as a role model for the values of the Company:
Respect - Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.
Integrity - Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.
Collaborative - We work in teams - open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.
Developing our People - Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.
Adaptable and Nimble - Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.
Conduct Rules
You must:
- Act with integrity
- Act with due skill, care and diligence
- Be open and cooperative with the FCA, the PRA and other regulators (where applicable)
- Pay due regard to the interests of customers and treat them fairly
- Observe proper standard of market conduct
- Act to deliver good outcomes for retail customers
Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.
If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.
