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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 www.marex.com
Role Summary
Marex are seeking a Securities Financing Subject Matter Expert to join their growing team in London.
You will play a crucial role in supporting the company's Equities and Repo trade operations. Your day-to-day responsibilities will include providing expert knowledge on securities lending, managing margining collateral processes, handling billings and settlements, overseeing corporate actions and static data.
Responsibilities
Responsibilities include:
- Responsible for a range of operational tasks – Exposure management, Billings, Transaction support, corporate action booking and queries, reporting queries, break investigation and resolution, exception processing.
- Responsible for the instruction and monitoring of equity and fixed income settlements within EMEA and US markets for Securities Finance and Market Making businesses
- Daily reconciliation and resolution of Position breaks. Take full ownership of position breaks assigned to you to clear on T+1. Escalate and follow up with other internal teams/external custodians appropriately.
- Daily cash and transactional reconciliations. Full ownership and reconciliation of cash breaks (dividend, interest, trade settlement cash etc) assigned to you. Identify recurring break types and work with IT and external custodians to resolve at source. Working to resolve in a timely manner with minimum impact to the client.
- Mailbox management to include responding to queries from internal teams relating to breaks, account setups, reporting and ad hoc queries
- Ensure client reporting is accurate and distributed in a timely manner with correct holdings for margin purposes
- Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS – and any other relevant regulatory body.
- 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 FCA’s Code of Conduct and 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.
Skills and Experience
- Proven experience in securities lending operations.
- Working knowledge of equity and fixed income settlements in EMEA and US markets including market specific nuances and SWIFT formats.
- Strong understanding of the trade life cycle, including collateral management, triparty, corporate actions, cash management and billings procedures.
- Robust understanding of risk & control environment with ability to mitigate operational risks.
- Previous experience in projects and delivering change into the production environment
- Ability to collaborate effectively with senior management and external clients
- An enthusiastic and proactive attitude, great communication and effective stakeholder management skills.
Competencies
- Excellent verbal and written communication skills
- Strong analytical & problem-solving 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
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
- 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
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.
Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.
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