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 Trading Desk Assistant who provides administrative support to brokers and trading desks.
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 MYD Market team within Marex is a dynamic team covering financial institutions (US and International Banks, Market Makers, Hedge Funds) on Equity Derivatives products (Index, ETF and Single Stock Options, Futures…).
This role covers the US Equity Derivatives institutional sales desk within Capital Markets.
Responsibilities:
- Provide support to brokers with administrative tasks and projects pertaining to daily trading activity of the desk.
- Perform daily P&L on desk and client performance, investigate, and resolve trade breaks and prepare and send client confirmation for listed and OTC options trades.
- Handle position reconciliation and maintain reports for trade positions,
- Ensure timely input of trades based on client orders and as directed by brokers,
- Assist Sales-Traders throughout the lifecycle, from trade setup to post-trade confirmations.
- Record and analyze trades in separate databases, daily and monthly invoice reconciliation and checking out with brokers clients.
- Support trade flow and maintain accuracy of books and records for OTC and listed products,
- 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,
- tAt all times complying with Marex’s Code of Conduc
- Carrying out regulatory activities under the Marex Financial and MSIL trading books
- Liaising with clients in US; clients include banks, hedge funds, market makers, fund managers, institutional, trading houses and other trading boutiques.
- 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
- o 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
- Detail-oriented with the ability to manage multiple tasks under pressure
- Excellent verbal written and communication skills
- A collaborative team player, that is approachable, self-efficient and influences a positive work environment
- Demonstrates curiosity
- Excels at building relationships, networking and influencing others
- Resilient in a challenging, fast-paced environment
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Skills and Experience
- Bachelor’s degree in a related field required
- Strong understanding of options trading concepts and strategies
- Prior experience or interest in financial markets and trading
- Proficiency with Microsoft Office, especially Excel and Outlook
- Knowledge of basic coding (e.g., Python or VBA) a plus
- Proactive mindset in keeping up to date with market research and incorporating into role efficiently
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this
Salary Range: $50,000 to $60,000 per year 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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