Equity Operations Support - VN2785

Marex•New York, NY

About The Position

Marex is seeking an Equity Operations Support professional to join a team responsible for two primary business lines: Equity Brokerage and Equity Prime Brokerage Desks. The Brokerage business is well-established, while Equity Prime Brokerage is rapidly growing. Both desks primarily support vendor systems, with Broadridge and BAML being the most used. The team also supports a variety of OTC products traded via a SEF (Swaps Execution Facility). Marex offers unique access across markets with significant global share both on and off exchange. The depth of knowledge amongst its teams and divisions provides clients with a 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 fundamentally a control function, and the Equity Brokerage Trade Support team must ensure controls are followed and continuously evaluated for improvement. Staff will be expected to manage daily tasks and contribute to establishing frameworks for new products or initiatives.

Requirements

At least one to five years of experience in a Financial Institution required.
Bachelor’s degree in Finance, Business, or related field.
Experience supporting Equities and/or Options required.
Experience with DTC/NSCC and OCC.
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.

Nice To Haves

FINRA Series 99 strongly preferred.
Working knowledge of Broadridge BPS strongly preferred.
Understanding of trade life cycle events strongly preferred.

Responsibilities

Process all equity and option transactions including life cycle events (exercises and assignment, corporate actions, etc.).
Utilize Middle Office systems to process various trade flows.
Identify and clear breaks prior to market open and collaborate with the Broadridge team to process End-of-Day actions.
Perform End of Day checkouts or reconciliations for various products or trade flows.
Adhere to and propose improvements to the control framework for business support.
Collaborate with Front Office, Risk, Finance, Compliance, IT, and Operations to support business as usual (BAU) activities.
Process client pass-through fees.
Send monthly Swap execution invoices to clients.
Manage invoice collection and payment allocation.
Perform floor brokerage invoice reconciliations.
Process SEF (Swaps Execution Facility) trades for OTC Swaps.
Support the setup of new customer or street-side accounts.
Perform and evidence the performance of daily controls.
Ensure compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC, and other applicable exchanges.
Adhere to the operational risk framework for the role, ensuring compliance with all regulatory or company-determined parameters.
Act as a role model for demonstrating the highest standards of integrity and conduct, reflecting Company Values.
Comply at all times with Marex’s Code of Conduct.
Ensure awareness of and adherence to internal policies relevant to the role or any activities for which responsibility is held.
Report any policy breaches to Compliance and/or supervisor as required.
Escalate risk events immediately.
Provide input to risk management processes as required.
Carry out other duties as may be required by the Company from time to time.