Equity Operations Support (VN2785)
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Key skills for this role
Key Skills for This Role
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Purpose of Role
Marex is seeking an Equity Operations Associate who will be part of a team responsible for two primary business lines – Equity & Options Brokerage and Equity Prime Brokerage.
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.
Operations is first and foremost a control function. As such the Equity Trade Support team must ensure controls are followed and always evaluated for improvement. The staff will be expected to work on both the daily work as well as putting in place the framework for any new products or initiatives.
Responsibilities
- Provide daily middle-office support for U.S. equity and options trading activity
- Work closely with the Broadridge team to identify and clear breaks
- Review and validate trade capture and ensure trades are accurately reflected in the firm’s systems
- Monitor the trade lifecycle from execution through confirmation, affirmation, settlement, and reconciliation
- Investigate trade breaks, unmatched trades, incorrect settlement instructions, and other exceptions
- Perform EOD Options CMTA allocations
- Coordinate with traders, sales personnel, clearing firms, counterparties, and custodians to resolve trade discrepancies
- Perform post trade allocations via CTM and NYFIX Match
- Support DVP/RVP, free delivery, and other applicable settlement activity
- Monitor failed trades and coordinate resolution with the appropriate internal and external parties
- Assist with corporate actions and other events affecting equity positions and transactions
- Perform End of Day checkouts or reconciliations for various products or trade flows.
- Adhere to and propose improvements to control framework for the support of the business
- Perform and evidence the performance of daily controls
- 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.
- 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
Astute thinker with aptitude to learn
Effective problem solver who can work independently as well as a part or a larger team
Accurate and thorough with a client focus
Strong interpersonal characteristics with ability to build relationships with internal staff across the firm as well as interact comfortably with MCM clients
Strong work ethic (early and late shifts may be instituted and required from all staff).
Resilient in a challenging, fast-paced 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
- At least (1-5) One to five years’ experience in a Financial Institution required.
- Bachelor’s degree in finance, Business, or related field
- FINRA Series 99 strongly preferred
- Experience supporting Equities and/or Options required
- Experience with DTC/NSCC and OCC
- Working knowledge of Broadridge BPS strongly preferred
- Experience supporting Equities/Options
- Understanding of trade life cycle events strongly preferred
- Ability to document procedures and controls
- Excellent verbal and written communication skills
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
Company Values
Be collaborative - by working together across the organization, we foster teamwork, can better respond to challenges and successfully deliver for our clients
Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders
Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.
Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.
Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves and our teams.
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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About Marex
Public financial-services platform providing liquidity, market access, clearing and hedging solutions to energy, commodities and financial-market clients.
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