Middle Office Associate; Operations - VN

Middle Office Associate (Operations) - VN2820

Location:

Chicago, IL

Operations, Full-Time

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 covers four core services:
Market Making, Clearing, Hedging and Investment Solutions, and Agency and Execution. It executes around 50 million trades and clears 205 million contracts in 2022. With more than 35 offices worldwide and over 2,300 dedicated people, Marex enables access to exchanges and technology‑powered services.

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Marex is seeking a Middle Office Associate who provides full and comprehensive support to the financial futures and equity derivatives teams on a global basis, ensuring the control and regulation aspects of the function are adhered to at all times. You will work independently and leverage partnerships throughout the organization to accomplish business objectives.

This position is within the Operations Futures Clearing Department, a vital middle‑to‑back‑office function responsible for managing the post‑trade lifecycle of futures and options transactions. As a central liaison between clients, executing brokers and clearinghouses, the department ensures that all trades are accurately verified, processed and settled in full compliance with regulatory requirements.

• Provide comprehensive support to the financial futures front office and clients; report and elevate issues timely to the Head of the team and relevant senior management of the Desk.
• Perform daily BAU activities including reconciling trade positions and flows, managing trade life cycles, sending trade confirmations and client statements, dealing with errors, ensuring all positions are flat hourly, and reporting trades correctly to meet FCA, NFA and other regulatory frameworks.
• Contribute to the establishment of new controls, enhancement and automation of existing reconciliation tools and processes.
• Partner closely with finance, treasury, risk, audit and compliance departments.
• Maintain detailed operating procedures for the team and train new joiners to ensure business continuity and minimize staff risk.
• Allocate trades on various futures markets including LIFFE, EUREX, CME, CBOT and all major Asian markets.
• Operate appropriate controls to capture and resolve trades not claimed within given timescales.
• Validate daily volumes and P&L on behalf of the team of brokers.
• Work on projects for new system initiatives to meet the requirements of the trading team and our clients.
• Onboard new voice and electronic (DMA) execution clients.
• Assist with the set‑up of new brokers that join our global team, working closely with the back office and trade support.
• Build relationships with software vendors to troubleshoot problems or enhancements.
• Understand and comply with Sarbanes‑Oxley operational requirements relevant to the role.
• Ensure compliance with SEC, FINRA, NFA, CFTC and other applicable regulatory frameworks.
• Adhere to the operational risk framework and comply with all regulatory or company‑determined parameters.
• Model the highest level of integrity and conduct while reflecting company values.
• At all times comply with Marex’s Code of Conduct:

• Fully aware of and adhere to internal policies that relate to the role or other activities for which you are responsible.
• 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 the employee to carry out other duties from time to time.

• Committed to continuous improvement.
• Meticulous attention to detail.
• Customer‑focused.
• 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.
• Insight and agility; can anticipate future challenges and ensure operational effectiveness.
• Excellent verbal and written communication skills.
• Strategic collaborator with insight and…