Career Opportunities
Clearing Operations Specialist
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.
Role Summary
- This role sits within the team of Clearing Operations for all SGX listed futures & options products.
- The position will manage and control all aspects of the operational functions for the SGX clearing activity and assisting Singapore control and support areas in relation to regional activities.
Responsibilities
- Ensuring all top day trades are allocated, cleared & accepted in a timely & efficient manner
- Configuration & maintenance of back office clearing static data
- Managing top day trade activity to reduce exchange intraday margin calls
- Perform daily trade and position reconciliations and maintaining accurate exchange open interest
- Monitoring and issuing clients with T+1 margin calls
- Reporting margin call status to management
- Establishing and maintaining contact with clients for control of margin payments
- Monitoring and reporting operational risks associated with the margin call processes
- Monitoring daily regulatory reporting submissions to exchange & regulators
- Assisting Treasury with exchange margin call payments
- Establishing and maintaining contact with internal departments including IT, Credit & Risk, Clearing, Deliveries, Finance, Treasury and Compliance
- Working closely with IT & Trade Support groups, advising system issues daily.
- Assisting with mandatory exchange upgrades in association with software vendors & internal systems
- Efficient email management, including both personal & group mailboxes
- The Company may require you to carry out other duties from time to time
Competencies / Skills / Experience
- Minimum bachelor’s degree in commerce or business
- Ability to work effectively under pressure in a fast-paced environment
- Good communication skills within team & other business areas
- Punctual, enthusiastic, adaptable, collaborative and disciplined
- 5 Years+ experience within the listed futures and options industry
- 5 Years+ experience within an operations function
- Experience and understanding of SGX exchange clearing process
- Ability to work independently and within a team
Company Values
The right person acts 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 Spectron 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.