Fixed Income Operations Analyst

Marex Group, Inc.•New York, NY

42d•$70,000 - $110,000

About The Position

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. For more information visit www.marex.com Purpose of Role: Marex is seeking a Fixed Income Operations Analyst who will support the Credit, Rates, MBS, Repo, Fixerd 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.

Requirements

At least 5 (five) years' Fixed Income experience required
Bachelor's degree is strongly preferred
Broadridge Impact & Pershing NetX360 experience required
Understanding of trade life cycle events strongly preferred.
Experience supporting both Fixed Income trading of corporate bonds and US treasuries.
Understanding of and experience with Fixed Income Prime Brokerage.
Experience with Fedwire, DTCC clearing, and international settlements.
FINRA Series 99 or willingness to acquire preferred.
Working knowledge of one or of all the following systems: Pershing NetX360, Broadridge (Impact, FinPro, BPS), Bloomberg TOMS, FINRA TRACE.
Excellent verbal and written communication skills.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
Astute think with an aptitude to learn.
Accurate and thorough with a client focus.
Demonstrates curiosity
Resilient in a challenging, fast-paced environment
Ability to take a high level of responsibility in a fast pace and high-volume environment.
Excels at building relationships, networking and influencing others
Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Responsibilities

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.
Worth 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, 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 require
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.