Relative Value Junior Execution Broker

Rex Technologies GmbH; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

A leading trading firm in Singapore is seeking an Execution Broker to join its Rates Sales desk. This is a unique opportunity designed for candidates with no prior rates experience, allowing you to learn directly on the desk while developing into a key member of the team. You will assist in daily trading operations, engage with clients, and contribute to developing client strategies while adhering to industry regulations. This role emphasizes growth, learning, and customer relationship management.

Qualifications

• Degree in one of: STEM (Science, Technology, Engineering, Math), Business, Economics, or Finance.
• Finance or Startup internship experience preferred.
• Ability to study for and complete exams.

Responsibilities

• Assist the Asia lead on all day-to-day activities.
• Support the team in outside trading functions.
• Daily execution of client trades.
• Ensure compliance with regulatory requirements under the FCA and other regulators.

Skills

Analytical skills

Excellent verbal and written communication

Team collaboration

High level mathematical skills

Client relationship building

Education

Degree in STEM, Business, Economics or Finance

Tools

Excel (macro experience preferred)

Job description

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.

The Relative Value department will have access to major liquidity provider venues. We will also access directly on to major futures exchanges including the CME, ICE and EUREX.

This role covers the execution function within the Relative Value Trading department

Role Summary

This is an exciting opportunity to join a Rates Sales desk within Marex’s fast paced and growing Capital Markets group. As part of this newly formed team, you will be a key member of the business helping drive growth and profitability for the Multi product Sales and Execution Desk. The opportunity is unique as it gives the candidate the opportunity to learn directly on a desk without any previous rates experience. They will start as a support role to our head of Asia and develop into a Relative Value Execution broker gaining mass experience in the rates industry and exposure to the biggest global rates traders. A role designed to train the candidate intensely into becoming the key member of the desk.

Overall Responsibilities

• To complete necessary exams within a reasonable time frame
• To begin with, assisting our Asia lead on all day-to-day activities
• Being a support to the team in outside of trading functions
• Use of internal and external systems to build client strategies
• Liaising with internal back office and middle office teams to check downstream everything settles correctly
• Generation of historical data for clients where needed
• Working efficiently and supporting with making efficiencies e.g. assisting in the preparation of any new required frameworks.
• Collaboration with central operations functions which support the trading role including but not limited to Operations and Technology.
• Strategizing to increase P&L, requiring analysis of markets and products.
• 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.

Eventually (after training and exams)

• Daily execution of client trades
• Trading US Treasuries as matched principal
• Trading CME, Eurex and ICE futures as agency
• Ensuring clients risk gets sent correctly
• Onboarding and setting up new client accounts
• Engaging with clients on Bloomberg
• Developing the RV model and build continuously to ensure we keep up with competition
• Generation of PnL
• Dealing in fixed income and futures derivatives in particular interest rate product.
• Directly corresponding with clients. Clients include Banks, Hedge Funds and Real Money Accounts.
• Responsible for assisting with the onboarding of any new client relationships and maintaining of existing client relationships, assisting with support processes as required by colleagues, and engaging and updating clients.
• Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF
• 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/regulators Code of Conduct
• Liaising with clients in [US, UK, France, MENA]
• Exchange Registration: EUREX, LIFFE, ICE, CBOT, CME
• The Company may require you to carry out other duties from time to time

Competencies, Skills and Experience

Competencies

• Ability to study for and complete exams (while in the role)

1. NFA Series 3
2. Eurex
3. CMFAS 1B
4. CMFAS RES1BE1
5. CMFAS 2A
6. CMFAS 6A (If no finance background)

• Ability to take a high level of responsibility
• Excels at building relationships, networking and influencing others
• Excellent verbal written and communication skills
• Superb attention to detail
• The ability to work as a team and bounce ideas off one another
• High level mathematical skills to deal with calculations with speed and accuracy
• A collaborative team player, that is approachable, self-efficient and influences a positive work environment
• Demonstrates curiosity
• Excels at building relationships, networking and influencing others
• Resilient in a challenging, fast-paced environment
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Skills and Experience

• Degree in one of: STEMS (Science, Technology, Engineering, Math), Business, Economics or Finance
• Finance or Startup internship experience (preferred)
• Good excel skills (macro experience preferred)
• Analytical skills
• Mathematical skills
• Some knowledge of the financial service markets and relevant regulatory requirements

Company Values

Acting as a role model for the values of the Company:

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 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