Head of Fixed Income & Equity Operations

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 2,000 dedicated people enabling access to exchanges and technology-powered services.

For more information visit www.marex.com

Purpose of Role:

The Head of Fixed Income & Equity Operations is responsible for overseeing the day-to-day aspects of the broker-dealer operations, including trade processing, interaction with clearing houses and Prime Brokers. The role will work closely with senior management and other functional areas within Marex.

Marex has unique access across markets with a 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.

Operations is first and foremost a control function. As such team must ensure controls are followed and always evaluated for improvement.

Responsibilities:

• Manage and develop team members and supervise work performed by outsourced Operations Team (particularly Broadridge BPO).
• Develop and maintain operational policies and procedures to ensure compliance with regulatory requirements and industry best practices.
• Work closely with the Front Office to establish best practices and gain efficiencies.
• Work with all vendors and internal parties to increase automation and strengthen control framework
• Ensure the multiple Broker Dealer Operations teams are staffed appropriately, both the number of staff and quality.
• Anticipate, analyze, and understand complex issues while at the same time be able to concisely explain these issues using strong written and verbal skills.
• Engage the business and clients to determine upcoming development and system work required to support new business or operational requirements driven by new business initiatives.
• 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.
• Liaising with clients in the US and other countries as appropriate.; clients include banks, hedge funds, market makers, fund managers, institutional, trading houses, professional traders, family offices, and other trading boutiques.
• 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.

The Company may require you to carry out other duties from time to time.

Competencies, Skills and Experience:

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
• Escalates key issues and changing priorities to Management as appropriate.
• Excels at building relationships, networking and influencing others.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
  

Required Qualifications

• Excellent knowledge and experience in Global Markets or Prime Brokerage
  
• Broad knowledge of the systems and business processes in use for Front, Mid and Back-Office functions within Prime Brokerage
• Ability to concisely explain and present complex issues to senior business partners and leaders within our Broker Dealer
• Must have strong written and oral communication skills.
  
• Must be able to multi-task, ability to take a high level of responsibility in a fast pace and high-volume environment.
• Excellent troubleshooting skills are a must (deductive reasoning skills must be excellent
• Bachelor's degree in finance, business, or a related field
• Series 99 and 27 required

Preferred Qualifications

• Minimum 10 (ten) years’ experience in Financial Institution with at least 3 (three) years in management role
• Deep knowledge of Financial Markets and related systems – especially Fixed Income & Equity Clearing / Prime Brokerage Services
• Experience with Fedwire, DTCC clearing, and international settlements.
• Working knowledge of the following vendor systems strongly preferred: Pershing NetX360, Broadridge (Impact, FinPro, BPS), Bloomberg TOMS, FINRA TRACE
• Experience with DTC/NSCC and OCC.
• Understanding of trade lifecycle events for Fixed Income, Equities and Options.
• Working knowledge of Broadridge Impact and BPS is required
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
  

Salary Range: $225,000 to $300,000 per year base salary and eligible for 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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