Job Information
Marex FCM Operations Support Manager in Chicago, Illinois
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 (http://www.marex.com/)
(http://www.marex.com/)
(http://www.marex.com/)
Purpose of Role:
The FCM Operations Support Manager is responsible for controlling, reconciling, and monitoring all daily trades, positions, and variation margin across all exchanges and third-party clearers. The role monitors and resolves exchange and regulator reporting requirements and develops technical solutions for operational efficiency.
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.
Responsibilities:
Oversee the day-to-day running of the Operations Support team.
Advise Head of FCM Clearing Operations on areas of operational risk.
Report to Head of FCM Clearing Operations on matters regarding the effectiveness, staffing requirements, and other day-to-day issues throughout the Operations Support team.
Ensure that the department is always sufficiently staffed, including managing holiday and time off requests.
Ensure T+1 Trade, Position & Variation Margin reconciliation for all futures and options exchanges, including third party clearing brokers, are efficiently processed.
Certify T and T+1 Exchange position maintenance and position transfers for all futures and options exchanges, including third party clearing brokers, are efficiently processed.
Guarantee T+1 daily reconciliation resolution of trade breaks and corrections are adhered to and processed in a prompt manner.
Confirm all deliveries are processed in accordance with the exchange rules.
Oversee daily and weekly option expirations
Inform internal departments, including the senior management team, of significant P&L outages.
Maintain a good relationship and be aware of requirements of front office staff.
Manage efficient correspondence through group mailbox.
Ensure written procedures are always in place and up to date.
Program ARC and Excel Solutions to meet departmental needs.
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.
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
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
Ability to develop and enhance processes to improve efficiency, including the back-office systems, client interfaces and exchanges.
Skills and Experience
A minimum of 5 to 10 years of experience in Financial Operations.
Strong understanding of Futures & Options, including Reconciliation, Position Maintenance & Regulatory Reporting, Option Expiration and Deliveries.
Knowledge of XTP Back Office system preferred.
Advanced Microsoft Excel and database management skills required.
Bachelor's degree in related field required.
Excellent verbal and written communication skills.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
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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