Head of Trading Systems and Connectivity

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a leading franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. 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. Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

Head of Trading Systems & Connectivity manages the team responsible for technical client onboarding and project management. The Trading System and connectivity team partners with departments across Marex to provide technical trading support to all front-office, real-time trading, and market data systems. This individual, and team, will oversee and handle projects for the electronic trade support and on an enterprise-wide basis when required.

Responsibilities:

• Act as the business onboarding lead for both new screen-based and FIX connectivity clients, collaborating closely with the end client to capture requirements and provide feedback to internal team and vendors.
• Actively monitor client algorithmic trading flow, take ownership of trading issues, and understand their potential underlying P&L impact.
• Lead ongoing review of manual processes to identify improvements, including but not limited to, keeping Exchange connection IDs clean, consolidating ISVs and connections, administering review of all internal IDs and implementing best practices.
• Manage growth and development of Trading Systems and connectivity team, including performance management, training, and mentoring/coaching, along with involvement in recruiting efforts for open positions on the team.
• Conduct conformance testing and front-end functionality UAT testing.
• Assist with new system functionality analysis and implementation.
• Assist with exchange reporting and compliance audits.
• Own manual ticketing booking by utilizing tools to track IE (JIRA).
• Help with system outage management for client trades.
• Liaise between technology department and other business groups to communicate changes.
• Assist with ongoing review of manual processes, including reporting to identify improvements and automation opportunities, etc.
• Understand and adhere to Compliance rules and how role relates to the regulatory framework.

Skills and Experience:

• Extended experience in FIX connectivity and institutional platforms catering to CTAs, hedge funds, institutional clients, etc.
• Technical knowledge of Fidessa GTP and associated benchmark algos, SOT and ESOs.
• Working knowledge of Fix Messaging Protocol with hands-on experience.
• Experience monitoring and reacting accordingly to client algorithmic trading flow.
• 5+ years of experience working with front-end systems and admin tools including CTS, TT, Fidessa, CME Direct/Clearport, etc.
• Excellent working knowledge of database queries and excel for Compliance audits and management reporting.
• 5+ years of experience with high frequency technologies within a demanding client base.
• 3+ years of experience with client onboarding for both Fix and API protocols.
• Dynamic work ethic, with the ability to adapt to changing electronic trading environments.
• Ability to pro-actively learn new technology, platforms, or requirements.
• Excellent communication and organization skills.
• Maintain best practices and optimize client requirements.
• Process-driven and systematic mindset.
• Positive attitude and enthusiasm towards picking up issues.
• Experience obtaining and providing exchange updates.
• Calm demeanour.
• Must be comfortable with shift coverage generally between 7:00am and 5:30pm (to cover hours) Mon-Fri; with occasional needs for evening, weekend, and holiday coverage.

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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