Structured FX & Rates Ops: Global Middle Office

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

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.