Career Opportunities

Structured Products Operations/ Middle Office Specialist (VN2658)

London, GB Full-Time Marex Solutions

About Marex

Marex Group plc is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. It listed on Nasdaq Global Select Market in April 2024.  With more than 35 offices in Europe, US and APAC, it 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.

For more information visit www.marex.com    

Role Summary

To provide front to back operational support to the Structured Product business and its customers. 

The operational support staff must maintain an operating model flexible enough to adapt to innovation in the business, yet scalable enough to sustain a rigorous controls environment.

Responsibilities

  • A mid to senior member of the operations team providing comprehensive support to OTC Derivatives and Structured Notes business of Marex Solutions front office. Report and escalate issues timely to the Head/Supervisor of the team as well as relevant senior management of the Desk.
  • Act as point of escalation for the operations team, supervising and motivating junior members of the team and responsible for overall control and automation of the team infrastructure and processes in the absence of the Supervisor of the team.
  • Daily BAU activities include, but not limited to, reconciling trade positions and cash flows, managing trade and notes lifecycles, ensuring accurate and timely processing of corporate actions and dividends, 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 minimise staff risk
  • Ensuring compliance with the company’s regulatory requirements under the FCA.
  • 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.
  • 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.

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

  • 7 to 10 years of experience* in a similar middle office/trade management role focused on Equity/OTC derivatives or Structured Note issuance
  • Adept across the MS Office suite. SQL, Alteryx and/or python is highly desirable.
  • Keen to work in a rapidly evolving and growing organisation and make your mark, highly committed
  • A comprehensive understanding of both the structured products and the underlying Futures and Options is critical.
  • Ability to manage multiple projects and tasks simultaneously and independently, ensuring timely delivery, prioritization while maintaining high-quality standards
  • Problem solving abilities
  • Excellent communication skills and able to build effective working relationships
  • A meticulous eye for detail
  • Ability to work independently and as part of a team
  • Enthusiastic team player: – Respects and values the opinions of others, Communicates well and assists others by sharing knowledge and experience
  • Ability to work effectively under pressure in a busy environment and to be flexible and adaptable in approach
  • Sophis knowledge would be a plus but not essential

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:

Be collaborative – by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients

Act with integrity – we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders

Be adaptable and entrepreneurial
– we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.

Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.

Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves and our teams.

*candidates outside the indicated experience range will still be considered

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.