Fixed Income Operations Analyst - VN

Fixed Income Operations Analyst - VN2315

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 Fixed Income Operations Analyst who will support the Credit, Rates, MBS, Repo, Fixed Income Prime Brokerage and Customer Clearing businesses. Support is primarily on Broadridge and Pershing platforms.

The Operations Team is seeking to add an impactful individual with experience across the Fixed Space as well as the aptitude and attitude to continue to learn. The candidate will be asked to take on leadership responsibilities within the team in addition to their daily work. This will include supervision/approval of daily team tasks, oversight of more junior team members and ownership and/or involvement in overall process improvement.

The individual will need to build relationships with internal and external clients, as a subject matter expert and learn the companies’ businesses and keeps up to date with industry developments.

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.

The Marex Ops team is responsible for supporting full life‑cycle events for all fixed income products traded by the various businesses. While a large portion of the daily functions have been outsourced to the Broadridge Manager Products Team, Marex is ultimately accountable for all output, and thus supervising the Broadridge team’s work is imperative. While everyone on the team has a daily focus, everyone is cross‑trained as much as possible.

Any single function performed within the team has minimum of two to three employees who can step in and comfortably perform the tasks(s). The team places a strong emphasis on its control framework ensuring controls are followed and always evaluated for improvement.

• Work closely with the Front Office to ensure accurate processing of all credit and rates trading activity.
• Monitor and resolve customer unaffirmed trades, street‑side breaks, and failed trades.
• Understand and oversee team processes and identify areas for increased efficiency.
• Track, resolve and UAT test issues or new projects across internal systems and vendor systems.
• Assume responsibility for handling transactions, process or analyse in their area of expertise, and can resolve or recommend resolution to issues.
• Research and resolve position breaks and allocation discrepancies.
• Monitor Bank Cash Screens (BNY Fedwire) and GSCC/FICC Clearing for US Treasuries.
• Support all aspects of Fixed Income Prime Brokerage activities – customer cash projections, settlements, trade processing, and setup.
• Work with onboarding and trading on setting up and managing customer setups across various platforms.
• Review and execute daily controls across credit and rates vendor systems.
• Process and track credit corporate bonds conversion requests.
• Work closely with customers and Pershing to support corporate credit trading to resolve settlement and corporate action related breaks.
• Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA,…