Middle Office Associate (VN3071

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

The Middle Office Associate is responsible for providing full and comprehensive support to the Financial Futures and Equity Derivatives teams on a global basis, ensuring that all control, risk management and regulatory requirements are adhered to at all times. The role is ideally suited to a Middle Office professional with strong technical and derivatives product experience, rather than a traditional clearing operations background.

The successful candidate will be able to work independently and leverage partnerships across the organisation to achieve business objectives, drive process improvements, and support the effective management of operational risk. In addition, the individual will be proactive, able to take ownership of key processes and issues, add value through continuous improvement initiatives, and establish themselves as a key operational contact within the team and across the broader business.

• A key member of the middle office providing comprehensive support to the financial futures front office and clients. Report and elevate issues timely to the Head of the team as well as relevant senior management of the Desk.
• Daily BAU activities include, but not limited to, reconciling trade positions and flows, managing trade life cycles, sending trade confirmations and client statements, dealing with errors and ensuring all positions are flat hourly, as well as making sure all relevant trades are reported correctly to meet FCA, NFA and other regulatory frameworks.
• Contributing to the establishment of new controls, enhancement and automation of existing reconciliation tools and processes.
• Work closely and partner with finance, treasury, risk, audit and compliance departments.
• Maintain detailed operating procedures for the team and train new joiners to ensure business continuity and minimise staff risk.
• Trade allocations on various futures markets including but not limited to ICE, EUREX, CME, CBOT and all major Asian markets.
• Operating appropriate controls to capture and resolve trades not claimed within given timescales.
• Validation of daily volumes and P&L on behalf of the team of brokers.
• Working on projects for new system initiatives to meet the requirements of the trading team and our clients.
• On-boarding of new voice and electronic (DMA) execution clients.
• Assist with the set-up of new brokers that join our global team, working closing with the back office and trade support.
• Build relationship with our software vendors in order to troubleshoot any problems or any enhancements that we may require.

• Ensure compliance with the company’s regulatory requirements under the FCA and DFSA, and any other applicable regulator.
• Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
• Be a 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
• 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…