Fixed Income Operations Support Associate (VN3201)

Marex; New York (NY); On-site; USD 90,000 - 140,000; Full time

Job summary

Marex is seeking a Fixed Income Operations professional in New York to support full life cycle events for fixed income products. You will work with Front Office to ensure accurate processing of credit and rates trades, monitor trades, and resolve breaks while maintaining compliance and risk controls.

The ideal candidate has 3+ years in a regulated financial institution, experience with Fixed Income prime brokerage, and familiarity with Pershing NetX360, Broadridge, Bloomberg TOMS, and FINRA

Qualifications

• 3+ years of experience in a financial institution.
• Experience supporting Fixed Income trading of corporate bonds and US Treasuries.
• Understanding of Fixed Income Prime Brokerage and related processes.

Responsibilities

• Process credit and rates trading activity with Front Office.
• Monitor and resolve unaffirmed trades and settlement breaks.
• Oversee processes and drive efficiency improvements.
• Support risk controls, regulatory compliance and internal systems.

Skills

Fixed Income trading

US Treasuries

Prime Brokerage

Regulated environment

Client relationship

System knowledge

Communication skills

Tools

Pershing NetX360

Broadridge Impact

Broadridge FinPro

Bloomberg TOMS

FINRA TRACE

Job description

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.

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/

Role Summary

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 Fixed Income Operations team is responsible for supporting full life cycle events for all fixed income products traded by the various businesses. With support across several Fixed Income asset classes cross training is a constant team goal. Additionally, as the team supports several business lines, the ideal candidate will display an aptitude to work efficiently while navigating multiple tasks.

Responsibilities

• Work closely with the Front Office to ensure accurate processing of all credit and rates trading activity
• Monitor and resolve customer unaffirmed trades, street-side breaks, and failed trades.
• Understand and oversee team processes and identify areas for increased efficiency
• Track, resolve and UAT test issues or new projects across internal systems and vendor systems
• Assume responsibility for handling transactions, process or analyze in their area of expertise, and can resolve or recommend resolution to issues
• Research and resolve position breaks and allocation discrepancies
• Monitor Bank Cash Screens (BNY Fedwire) and GSCC/FICC Clearing for US Treasuries
• Support all aspects of Fixed Income Prime Brokerage activities - customer cash projections, settlements, trade processing, and setup
• Review daily controls across credit and rates vendor systems
• Supervise and track all credit corporate bonds conversion requests
• Work closely with counterparties and Pershing contacts to support corporate credit trading to resolve settlement and corporate action related breaks
• All employees are expected to understand and comply with any Sarbanes Oxley operational requirements relevant to their role
• 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
• 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
• Report any breaches of policy to Compliance and/or your supervisor as required
• Escalate risk events immediately
• 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

• Astute thinker with an aptitude to learn
• Accurate and thorough with a client focus
• 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

Skills And Experience

• 3 or more years of experience in financial institution
• Broadridge Impact & Pershing NetX360 experience necessary
• Understanding of trade life cycle events
• Oversight or supervisory experience a plus
• Experience supporting Fixed Income trading of corporate bonds and US treasuries
• Understanding of and experience with Fixed Income Prime Brokerage
• Experience with Fedwire, DTCC clearing, and international settlements
• FINRA Series 99 obtained or desire to obtain
• Working knowledge of one or of all the following systems: Pershing NetX360, Broadridge (Impact, FinPro, BPS), Bloomberg TOMS, FINRA TRACE
• Excellent verbal and written communication skills
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with it

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 “growour 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 (where applicable)
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct

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.

If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.