Structured Products Operations Associate/VP

Structured Products Operations Associate/VP

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.

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 customised 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.

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.

Overall Responsibilities

• A mid tosenior 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.

Skills and Experience

• 3 to 6 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
• 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
• Excellent verbal and written communication skills
• A collaborative team player, approachable, self-efficient and influences a positive work environment
• 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

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
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct

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

*experience outside of this range will also be considered

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