Structured Products Operations Analyst

at  Marex

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 (http://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 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.

SKILLS AND EXPERIENCE

• Adept across the MS Office suite (the ability to write macros/VBA and Python is highly desirable)
• Keen to work in a rapidly evolving and growing organisation and make your mark, highly committed
• 0 to 2 years relevant experience in a similar middle office/operations role in financial service industry desirable but not compulsory.
• Problem solving skills
• A meticulous eye for detail
• The ability to work effectively under pressure in a busy environment
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

ROLE SUMMARY

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

OVERALL RESPONSIBILITIES

• A key member of the operations team providing comprehensive support to OTC Derivatives and Structured Notes business of Marex Solutions front office and clients. Report and escalate issues timely to the Head of the team as well as relevant senior management of the Desk.
• Daily BAU activities include, but not limited to, reconciling trade positions and cash flows, managing trade and notes lifecycles, 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 and 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.