Career Opportunities
Fixed Income Operations Analyst
Diversified. Resilient. Dynamic.
Marex is a 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 major 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.
With more than 35 offices around the globe, and over 2,300 dedicated people enabling access to exchanges and technology-powered services.
For more information visit www.marex.com
Purpose of Role:
Marex is seeking a Fixed Income Operations Analyst who will support the Credit, Rates, MBS, Repo, and Customer Clearing businesses. Support is primarily on Broadridge and Pershing platforms.
Marex 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.
The Marex Ops team is responsible for supporting full life cycle events for all fixed income products traded by the various businesses. While a large portion of the daily functions have been outsourced to the Broadridge Manager Products Team, Marex is ultimately accountable for all output, and thus supervising the Broadridge team’s work is imperative. While everyone on the team has a daily focus, everyone is cross trained as much as possible. Any single function performed within the team has minimum of two to three employees who can step in and comfortably perform the tasks(s). The team places a strong emphasis on its control framework ensuring controls are followed and always evaluated for improvement.
Responsibilities:
- Monitor and resolve Fixed Income customer ad-hoc inquiries across US Rates and Credit.
- Monitor and resolve reporting breaks.
- Research and resolve position breaks and allocation discrepancies.
- Worth with onboarding and trading on setting up and managing customer setups across various platforms.
- Review and execute daily controls across credit and rates vendor systems.
- Process and track credit corporate bonds conversion requests.
- Work closely with customers and Pershing to support corporate credit trading to resolve settlement and corporate action related breaks.
- Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
- 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 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 require
- To escalate risk events immediately
- To provide input to risk management processes, as required.
The Company may require you to carry out other duties from time to time.
Competencies, Skills and Experience:
Competencies
- Astute think with an aptitude to learn.
- Accurate and thorough with a client focus.
- Demonstrates curiosity
- Resilient in a challenging, fast-paced environment
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Skills and Experience
- At least one to three (1 – 3) years’ Fixed Income experience required
- Bachelor’s degree is strongly preferred
- Understanding of trade life cycle events strongly preferred.
- Experience supporting both Fixed Income trading of corporate bonds and US treasuries.
- FINRA Series 99 or willingness to acquire preferred.
- Working knowledge of one or of all the following systems: Pershing NetX360, Broadridge (Impact, FinPro, BPS), Bloomberg TOMS, FINRA TRACE.
- Excellent verbal and written communication skills.
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
Salary Range: $75,000 to $85,000 per year plus discretionary bonus
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.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.
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