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FCM Operations Support Associate

Marex

FCM Operations Support Associate

Chicago, IL
Full Time
Paid
  • Responsibilities

    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 2,300 dedicated people enabling access to exchanges and technology-powered services.

    For more information visit www.marex.com

    Purpose of Role:

    The FCM Operations Support is a member of the day-to-day operations team. Areas of focus include Reconciliations, Deliveries, Regulatory Reporting, and Option Expirations.

    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:

    • Efficiently process daily and monthly deliveries in accordance with exchanges rules.
    • Correspond with clients of approaching delivery periods.
    • Liaise closely with the Risk department as expiration approaches.
    • Confirm reportable dates and positions with the various exchanges throughout the delivery period
    • Book daily cash entries to client accounts and the G/L ensuring postings are reconciled daily to the exchange.
    • Ensure all static data related to deliveries is updated and reflected correctly in the back-office system.
    • Ensure T+1 Trade, Position & Variation Margin reconciliations for all futures and options exchanges, including third party clearing brokers, are efficiently processed.
    • Guarantee T and T+1 positions are reported correctly to the Exchanges and Regulators.
    • Adjust positions on T and T+1 with exchanges as needed.
    • Participate in weekly option expiration cycles.
    • Maintain a good relationship and be aware of requirements of front office staff.
    • Efficiently manage correspondence through group mailbox
    • 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 required.

    • Strong understanding of Futures & Options, including Reconciliation, Position Maintenance & Regulatory Reporting, Option Expiration and Deliveries.

    • Knowledge of XTP Back Office system preferred but not required.

    • Basic Microsoft Excel skills required.

    • Bachelor's degree preferred.

    • Excellent verbal and written communication skills.

    • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

    Salary Range: $75,000 to $100,000 per year plus discretionary bonus

    Marex Benefits for 2025

    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.

    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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