Structured FX & Rates Operations (VN3142)

Marex; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Marex is seeking an experienced operations professional to join the Structured FX & Rates desk in London. You will provide end-to-end post-trade support for FX derivatives and interest rate products, ensuring accurate lifecycle events and strong controls.

You'll work closely with Front Office, Risk, Finance and Technology, maintaining data integrity, managing margining and collateral, and driving ongoing process improvements in a fast-paced, regulated environment.

Qualifications

• Strong understanding of FX derivatives (first, second, third generation) and structured rates products.
• Proven experience in a middle office / operations function supporting OTC FX and interest rate products, with a clear understanding of front-to-back trade flows.
• Problem solving and analytical skills.
• Excellent communication and influencing skills,
• Ability to develop and maintain relationships with internal and external customers
• MS Office skills.
• A meticulous eye for detail.
• The ability to work effectively under pressure in a busy environment.
• Customer focused.
• Enthusiastic team player: - respects and values the opinions of others.
• Communicates well and assists others by sharing knowledge, delegation and experience.
• Demonstrates flexibility and adaptability to changes in the environment.
• Has the ability to make decisions based on facts and data.
• Committed to continuous improvement.

Responsibilities

• Provide end-to-end operational support to the Structured FX & Rates desk, ensuring the accurate and timely execution of all post-trade lifecycle events across FX derivatives and interest rate products.
• Maintain a strong control environment across all activities, with responsibility for monitoring risk, exposure, collateral and cash movements, ensuring issues are identified, investigated, and escalated appropriately.
• Own the integrity and completeness of trade data and lifecycle management within front-to-back systems, ensuring positions, valuations and trade statuses remain accurate throughout the lifecycle.
• Oversee the management of client margining and collateral processes, ensuring appropriate controls are applied, obligations are met, and exposures are actively monitored and communicated.
• Ensure all settlement and payment activities are executed efficiently and accurately, working closely with Treasury and external counterparties to minimise risk and ensure timely cash movement.
• Act as a key point of contact for the Structured FX & Rates desk, building strong working relationships with Front Office, Risk, Finance, Technology, and external stakeholders.
• Contribute to the ongoing development and improvement of operational processes, controls, and system workflows to enhance efficiency, scalability, and risk management.
• Maintain high standards of governance, documentation, and audit readiness across all activities.
• Ensure written procedures are in place and are up to date.
• 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.
• 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 elevate risk events immediately.
• To provide input to risk management processes, as required.

Skills

FX derivatives

Middle office

Analytical skills

Communication

MS Office

Attention to detail

Team player

Relationship management

Tools

MS Office

Job description

Structured FX & Rates Operations (VN3142)

London, GB,

Operations,

Full-Time

About Marex

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 2,300 employees across Europe, Asia and the Americas.

For more information visit https://www.marex.com/

The FX & IRS Middle Office supports the OTC FX, IRS and Metals businesses at Marex Financial. Coverage spans multiple FX and IRS trading desks globally, including London-based FX and bullion, the Chicago FX business, and the IRS trading desk in London. This role specifically supports the Structured FX & Rates desk, which operates across London, Dubai and Milan.

To provide full and comprehensive operational support to the Structured FX & Rates trading desk, including FX derivatives and interest rate products on a global basis, whilst ensuring the control and regulation aspects of the function are adhered to at all times.

Responsibilities:

• Provide end-to-end operational support to the Structured FX & Rates desk, ensuring the accurate and timely execution of all post-trade lifecycle events across FX derivatives and interest rate products.
• Maintain a strong control environment across all activities, with responsibility for monitoring risk, exposure, collateral and cash movements, ensuring issues are identified, investigated, and escalated appropriately.
• Own the integrity and completeness of trade data and lifecycle management within front-to-back systems, ensuring positions, valuations and trade statuses remain accurate throughout the lifecycle.
• Oversee the management of client margining and collateral processes, ensuring appropriate controls are applied, obligations are met, and exposures are actively monitored and communicated.
• Ensure all settlement and payment activities are executed efficiently and accurately, working closely with Treasury and external counterparties to minimise risk and ensure timely cash movement.
• Act as a key point of contact for the Structured FX & Rates desk, building strong working relationships with Front Office, Risk, Finance, Technology, and external stakeholders.
• Contribute to the ongoing development and improvement of operational processes, controls, and system workflows to enhance efficiency, scalability, and risk management.
• Maintain high standards of governance, documentation, and audit readiness across all activities.
• Ensure written procedures are in place and are up to date.
• 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.
• 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 elevate risk events immediately.
• To provide input to risk management processes, as required.

Skills & Experience:

• Strong understanding of FX derivatives (first, second, third generation) and structured rates products.
• Proven experience in a middle office / operations function supporting OTC FX and interest rate products, with a clear understanding of front-to-back trade flows.
• Problem solving and analytical skills.
• Excellent communication and influencing skills,
• Ability to develop and maintain relationships with internal and external customers
• MS Office skills.
• A meticulous eye for detail.
• The ability to work effectively under pressure in a busy environment.
• Customer focused.
• Enthusiastic team player: - respects and values the opinions of others.
• Communicates well and assists others by sharing knowledge, delegation and experience.
• Demonstrates flexibility and adaptability to changes in the environment.
• Has the ability to make decisions based on facts and data.
• Committed to continuous improvement.

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
• Excels at building relationships, networking and influencing others.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.