Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the commodities, energy and financial markets.
The Group provides comprehensive coverage across five core services: Market Making, Execution & Clearing, Hedging & Investment Solutions, Price Discovery and Data & Advisory. It has a leading franchise in many major metals, energy and agricultural products, executing around 38 million trades and clearing over 193 million contracts in 2021. 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. Marex maintains a strong balance sheet with prudent capital and liquidity positions and has an investment grade credit rating.
Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 22 offices worldwide, the Group has over 1,100 employees across Europe, Asia and the Americas.
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Purpose of Role:
Marex Solutions is a division of Marex Spectron providing investment banking solutions with a fintech mindset. We aim to become the world's leading manufacturer of cross asset, customised derivatives.
Supporting the COO to drive improvement within existing processes and documentation, you will play a key role in building the operational infrastructure to support the rapid growth of this business.
As a liaison between the Solutions business and Control and Support functions of the wider group, you will be a key contact and go to person for both divisions. Working alongside the Solutions COO in delivering Projects, enabling the business to keep growing sustainably and integrating expansion opportunities when they arise.
- Delivering new business initiatives for the business following and improving the groups change process
- Reviewing and improve existing MI and KPIs to effectively monitor and steer the business
- Creating transparency around costs and budgets and driving efficiencies and cost reductions
- Driving change for the Marex Solutions team by reviewing existing process and identifying enhancements
- Supporting the Delivery of key new inhouse build technology platforms as well as the roll out of third party systems.
Responsibilities:
- Responsible for the creation of the trade origination team:
- Responsible for owning the processing of any new products
- Once a trade has been agreed by Sales and booked this team is responsible for:
- Initial product review to ensure the product has been correctly set up in the respective systems
- Responsible to request rebooking or amendment set up were deemed necessary
- Responsible for reviewing manually drafted trade recap/termsheets or pre-confirmation and coordinate any amendments with Sales and Trading
- Responsible for drafting manual pricing supplements/ OTC confirmations in coordination with Sales, Legal, Compliance, external law firms, trading
- Perform necessary additional process steps for structured product origination e.g., identifier application, listing, vendor setup, Swiss tax setup
- Constantly review manual structures together with the structured trade review team to agree on Automation priorities
- Responsible to spec data definition enhancements and establishing new payoff definitions and submit them to the development team
- Responsible to spec out document enhancements with Tech, Legal and other involved stakeholders
- Drive regulatory initiatives/projects as subject matter experts together with Legal and Compliance
- Manage AMC population in collaboration with Trading & Sales & COO
- Ensure the business is conducted in accordance with local and general regulatory rules
- Ensure that compliance and other compulsory trainings are up to date
- Ensure a clear communication to manager
- Cooperate closely with support teams and the business to complete tasks and projects
- Promote innovation and work on idea generation
- Delivering strategic and tactical projects and plans to improve the current operating model
- Managing Marex Solutions' cost base and budget, including initiating and implementing measures to control and reduce them in a sustainable manner
- Ensuring effectiveness and efficiency of operational processes and come up with ways to improve them
- Overseeing daily operations and adjusting where necessary
Skills & Experienced Required:
A successful candidate will have:
- Significant demonstrable experience in either manufacturing Structured OTC derivatives or in Structured securities
- In depth understanding about the front to back processing of these products
- In depth understanding of the applicable governance, legal and regulatory frameworks relevant to these products
- Had managed several change initiatives related to these products
- Has strong stakeholder management skills and able to handle exposure to senior management
- Ideally has managed IT change or Regulatory change projects before
- Self-motivated, confident, and resilient - able to strive within a profitability driven environment.
- Strong attention to detail
- Strong Microsoft office skills, especially excel
- Entrepreneurial and leadership skills will be highly considered.
- Very good Interpersonal skills
- University degree
Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.