Middle Office Associate (VN3071)

About Marex

Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas.

For more information visit https://www.marex.com/

The Middle Office Associate is responsible for providing full and comprehensive support to the Financial Futures and Equity Derivatives teams on a global basis, ensuring that all control, risk management and regulatory requirements are adhered to at all times. The role is ideally suited to a Middle Office professional with strong technical and derivatives product experience, rather than a traditional clearing operations background. The successful candidate will be able to work independently and leverage partnerships across the organisation to achieve business objectives, drive process improvements, and support the effective management of operational risk. In addition, the individual will be proactive, able to take ownership of key processes and issues, add value through continuous improvement initiatives, and establish themselves as a key operational contact within the team and across the broader business.

Responsibilities:

• A key member of the middle office providing comprehensive support to the financial futures 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 flows, managing trade lifecycles, sending trade confirmations and client statements, dealing with errors and ensuring all positions are flat hourly, as well as making sure all relevant trades are reported correctly to meet FCA, NFA and other 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 minimise staff risk.
• Trade allocations on various futures markets including but not limited to ICE, EUREX, CME, CBOT and all major Asian markets.
• Operating appropriate controls to capture and resolve trades not claimed within given timescales.
• Validation of daily volumes and P&L on behalf of the team of brokers.
• Working on projects for new system initiatives to meet the requirements of the trading team and our clients.
• On-boarding of new voice and electronic (DMA) execution clients.
• Assist with the set-up of new brokers that join our global team, working closing with the back office and trade support.
• Build relationship with our software vendors in order to troubleshoot any problems or any enhancements that we may require.

Furthermore, you are expected to:
• Ensure compliance with the company’s regulatory requirements under the FCA and DFSA, and any other applicable regulator.
• Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
• Be a role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
• At all times complying with the FCA’s Code of Conduct
• 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.
• Report any breaches of policy to Compliance and/ or your supervisor as required.
• Escalate risk events immediately.
• Provide input to risk management processes, as required.

Skills & Experience:

• Experienced working in a similar Middle Office / Operations role within the financial services industry.
• Experience working in a regulated environment, with a strong understanding of the associated risk, control and compliance requirements.
• Good knowledge of the ATEO/TT suite of products (TEO, LISA).
• Strong understanding of trade flows, lifecycle events and processes within Financial Futures and Equity Derivatives Middle Office environments.
• Strong knowledge of FIX connectivity and Straight Through Processing (STP), including the management and monitoring of electronic trade flows.
• Experience managing broker relationships and acting as the operational liaison between brokers, trading desks and technology teams to support business and operational objectives.
• Exposure to trading connectivity, workflow management and operational troubleshooting, with the ability to identify, investigate and resolve issues efficiently.
• Ability to develop and maintain effective relationships with internal and external stakeholders.
• Strong independent problem-solving, analytical and investigative skills.
• Excellent communication skills with the ability to work autonomously and collaborate across multiple functions and regions.

Competencies:

• Committed to continuous improvement
• Meticulous attention to detail
• Customer-focussed
• 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
• Insight and agility, able to anticipate future challenges, ensuring operational effectiveness
• Excellent verbal and written communication skills
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

If you’re forging a career in this area and are looking for your next step, get in touch!
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.
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