Graduate Trainee, Control & Deliveries Operations

Marex Overview

Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. 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 40 offices worldwide, the group has over 2,400 employees across Europe, Asia-Pacific and the Americas. For more information visit  (

Marex Graduate Programme

Embark on a transformative journey with Marex's Full-Time Graduate Programme - an experience tailored to empower and support Analysts. Dive into the 'Backpack to Briefcase' bootcamp, unveiling the intricacies of financial services, Marex's purpose, and strategic priorities. Join your team post-bootcamp, fostering connections through continuous training.

Learn, grow, and expand your network through a diverse array of sessions fast-tracking your understanding of Marex and the industry. Engage in workshops covering behavioural, cognitive skills, technical understanding, and business awareness, nurturing your professional development.

Throughout the programme, seize the opportunity to attend informal insight events and a lunch and learn series hosted by senior Marex Leaders. Gain exposure, ask questions, and gain real insights into the business from influential figures.

From day one, connect with a network of fellow graduates. Attend training and events together, creating bonds with those sharing your journey. Join Marex, where your passions align with purpose, and your strengths converge with our values.

Role Summary

To control, reconcile & monitor all daily trades, positions & variation margin across all exchanges & 3rd party clearers. To monitor & resolve exchange & regulatory reporting requirements. To provide global support to clients and front office areas to help them tender physical products on the terminal market, whilst conducting risk management in the form of overnight and intraday margin-calls.

Department Description

The Control, Deliveries and Margin departments within Operations are responsible for maintaining correct books and records, orderly deliveries, efficient position management, and monitoring risk across our exchange traded derivatives business.

Overall Responsibilities

• T & T+1 Exchange position Maintenance – Manage daily close out & position transfers for all futures & options exchanges, including 3 rd party clearing broker exchanges.
• T+1 Trade, Position & Variation Margin reconciliations for all futures & options exchanges, including 3 rd party clearing broker exchanges.
• T+1 Daily problem resolution of trade breaks & corrections including allocating defaulted trades, client discrepancies & account changes.
• Notify internal departments & senior management of settlement price changes & significant P&L outages.
• Testing & implementation of all mandatory exchange upgrades into HelloZero reconciliation software.
• Testing & implementation of new exchanges & 3 rd party clearers into HelloZero reconciliation software & downstream processes into the Treasury department.
• Daily management, surveillance & problem resolution of regulatory exchange position reporting.
• Efficient email management, including both personal & group mailboxes.
• Assist the Margins department with payment and receipt processing, whilst conducting general margin call management.
• Manage option expiries for European clients and execute client instructions (exercises/abandonments) on various Exchange terminals.
• Manage the delivery lifecycle of various physical asset classes, including but not limited to, Natural Gas and Power, Gasoil, Equities, Emissions, FX, Soft Commodities and Metals.
• Provide support to clients and the sales desk on delivery / operational / margin issues.

Standard Responsibilities

• Ensuring compliance with the company's regulatory requirements under the FCA.
• 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 the FCA's Code of Conduct and 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

Skills and Experience 

• A 2:1 degree or equivalent, coupled with a strong academic track record*.
• A recent graduate or final-year student.
• Demonstrates understanding of Futures & Options industry in areas including Reconciliation, Clearing, Position Maintenance & Regulatory Reporting.
• Problem solving skills; ability to resolve issues in a timely & efficient manner.
• Analytical mind set and methodical approach.
• To challenge the conventional and use various technical skills (SQL, Python, etc) to improve processes.
• Able to work on own initiative & be part of a team.
• Attention to detail.
• Excellent verbal and written communication skills.
• Understanding of working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Competencies

• Ability to work effectively under pressure in a busy environment.
  
• Good communication skills within the team & other business areas.
  
• Punctual & enthusiastic.
  
• Flexible & accustomed to constant changing responsibilities.
  
• 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.
  
• Excels at building relationships, networking and influencing others.
  
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.

Company Values

• 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.

Conduct Rules

You must:

• Act with integrity
• Act with due skill, care and diligence
• Be open and cooperative with the FCA, the PRA and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct
• Act to deliver good outcomes for retail customers

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

* Applicants outside of this range will also be considered.

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