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
Description of Department
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 customized 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.
Role Summary
Responsible for the control, the front to back support, the processes, and the automation of the operational aspect of the Marex Solutions business, particularly providing regional coverage and support in the Latam and US time zone.
Overall Responsibilities
Supervise, guide, and motivate the Operations team members locally.
Oversight of all daily controls and processes for the Marex Solutions business locally: The team performs a wide range of middle office and back office tasks ranging from reconciling trade positions and cash flows, managing structured trade lifecycles across asset classes for both OTC and listed products, sending trade confirmations and client statements, dealing with margin calls and settlements, as well as making sure all relevant trades are reported correctly to meet MiFID, EMIR, and Dodd-Frank regulatory frameworks. This is across all asset classes (commodity, FX, equity, interest rates, credit, and cryptocurrency).
Assist Head of Structured Products Operations with her responsibilities and follow up on issues/initiatives/projects to resolution or go-live.
Act as point of escalation for the team and handle operational incidents, address control gaps, and mitigate operational risks.
Report issues and risks to Head of Structured Products Operations and represent Operations in various working groups and departmental meetings.
Hand-hold and deliver new initiatives and projects, and enable new business from an operations perspective.
Work with technologists to automate and streamline operations processes in order to create a scalable controlled operational flow.
Ensure regulatory reporting compliance of all Solutions trades and work with IT and Compliance to close any gaps.
Maintain operating procedures and checklists for the Operations team.
Generate management information for senior managers and help daily monitoring of team performance, recommend strategies on resource and systems.
Work closely and partner with other departments such as finance, treasury, risk, audit, and compliance.
Ensuring compliance with the company's regulatory requirements under the appropriate 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 the highest level standards of integrity and conduct and reflecting Company Values.
At all times complying with 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
Experienced middle office or Operations supervisor, used to managing a control function and having direct reports.
Hands-on supervisor, not afraid of getting to the nitty-gritty of issues and lead by example and experience.
Comprehensive understanding of OTC derivatives and structured products lifecycle management.
Familiar with the necessary front to back controls, reconciliations, and regulatory requirements.
Experienced in managing and leading projects to timely delivery.
Comfortable partnering with multiple departments and a team player.
Passionate people manager.
Highly adaptable in an evolving and challenging environment.
Can-do attitude and enable-business mindset.
Keen to innovate.
Highly reliable and strong sense of responsibility.
Highly committed, hard-working, and proactive.
Ability to multi-task and work effectively under pressure.
Excellent communication skills.
Excellent verbal and written communication skills.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
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.
Ability to take a high level of responsibility in a fast pace and high-volume environment.
Excels at building relationships, networking, and influencing others.
Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
The Company may require you to carry out other duties from time to time
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 standards 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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