Senior Equity Operations Support - VN

Senior Equity Operations Support - VN2268

New York, NY Full-Time Operations

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.

Marex is seeking a Senior Equity Operations support who will be part of a team responble fortwo primary business lines – Equity Brokerage and Equity Prime Brokerage Desks. The Brokerage business is well established while Equity Prime Brokerage is rapidly growing. Both are support primarily on vendor systems with Broadridge and BAML being the two most used. The team also supports a variety of OTC products traded via a SEF (Swaps Execution Facility).

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 Brokerage 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.

• Supervise and evidence reviews of daily controls performed by the team.
• Supervise daily activity of Broadridge BPO, including Equity & Options P&S, DTC Settlements, and various Operational Controls
• Work closely with Broadridge to implement new processes and to improve existing processes.
• Process all equity and option transactions including life cycle events (exercises and assignment, corporate actions, etc). Manage the trade flow through our various Middle Office systems.
• Monitor and resolve customer unaffirmed trades, street-side breaks and failed trades.
• Identify and clear breaks prior to open of the market and work with our clearing firm to process End-of-Day actions.
• Perform end-of-day controls to ensure proper trade booking and allocation processing.
• Floor brokerage invoice reconciliations.
• SEF (Swaps Execution Facility) trade processing for OTC Swaps
• Adhere and propose improvements to control framework including SOX controls.
• Work with Front Office, Risk, Finance, Compliance, IT and Operations to support BAU (business as usual).
• 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 elevate 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.

• Astute thinker with aptitude to learn.
• Effective problem solver who can work independently as well as a part or a larger team.
• Accurate and…