FX Sales Trader - Large Cap in London

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.

Role Summary

An FX Sales Trader plays a crucial role in the financial markets, particularly in the foreign exchange (FX) sector. This role is dynamic and requires a deep understanding of financial markets, strong analytical skills, and the ability to build and maintain client relationships.

Responsibilities

• Building and maintaining strong relationships with clients, understanding their needs, and providing tailored FX solutions focusing on originating and managing UK large cap clients (£500m+ business turnover)
• Monitoring and analyzing foreign exchange markets to provide clients with timely and relevant market insights
• Executing FX trades on behalf of clients, ensuring accuracy and compliance with regulatory requirements
• Identifying and managing risks associated with FX trading activities, adhering to internal and external risk management policies
• Identifying new business opportunities and expanding the client base through proactive sales efforts
• Maintaining accurate records of all trading activities and preparing regular reports for clients and management
• Working closely with other departments, such as compliance, operations, and research, to ensure seamless service delivery

Competencies

• Resilient in a challenging, fast-paced environment
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
• 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.

Experience working in a regulated financial services environment with a good knowledge of the risk and compliance requirements associated with this. Exposure to, or a strong interest in, the digital assets space, with an understanding (or willingness to develop an understanding) of key concepts such as wallet infrastructure, custody models, blockchain mechanics, stablecoins and staking, and how these may translate into legal and regulatory risk. Experience advising on, or supporting, crypto-related products, services, or counterparties (e.g. exchanges, custodians, liquidity providers) would be advantageous but is not essential. Familiarity with financial instruments, particularly derivatives and/or structured products, and an appreciation of how these may intersect with digital asset markets (or a strong willingness to build this knowledge).

Skills and Experience

• A Banking background with experience (8 years+) in building relationships in the FX space, with a transferrable client base
• Predominantly voice relationships to remove initial reliance on aggregators where returns won’t suffice
• Strong background in structured FX in cashflow management and/or deal led hedging
• Ideally experience of both public and private transactions, with a broader awareness of ancillary services such as debt and advisory
• Opportunity to work closely with new interest rate hedging capability to offer a joined-up approach to opportunities
• Strong credit understanding and experience of navigating the capital structure so we can find appropriate ranking to seek comfort on writing unsecured facilities
• Opportunity is to come in as one of the team, prove concept and if successful we will create the conditions to grow a team to focus on this client set
• Whilst the individual needs some banking experience, they need an entrepreneurial and business development mindset to drive business

Conduct Rules

• 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

• 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.

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. If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.