Junior Broker, Swaptions

Marex•New York, NY

120d•$70,000 - $90,000

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 2300 dedicated people enabling access to exchanges and technology-powered services. For more information visit www.marex.com Purpose of Role: Marex is seeking a Junior Broker, Swaptions who will be an ambitious and proactive individual, in an early career level position, with the ability to work autonomously, and also as part of a team. This individual will provide support to senior brokers with market color, orders, and post-trade analysis. 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.

Requirements

A collaborative team player, who is approachable, self-sufficient and influences a positive work environment.
Demonstrates curiosity.
Excels at building relationships, networking and influencing others.
Resilient in a challenging, fast-paced environment.
Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
Excellent verbal written and communication skills.
Bachelor’s degree in business administration, finance, economics, and/or a related field preferred.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this business.
Seeking between zero and three (0-3) years’ experience on a trading desk, particularly in the swaps markets.
Proactive mindset in keeping up to date with market research and incorporating into role efficiently.
Analytical skills, identifying opportunities and risks in a quick and decisive manner.
Comprehensive knowledge of the financial service markets and relevant regulatory requirement.
Series 3 preferred or ability to study for and successfully pass within 3 months of hire.

Responsibilities

Analyze financial data and market microstructure for patterns.
Contribute to Swaptions product trading capability to support liquidity for clients.
Perform post-trade analysis.
Work with senior traders to acquire in-depth knowledge of financial markets, modeling, and risk management.
Assist Senior Traders with order pricings and order management.
Proactively review trade flow and middle/back-office processes to create efficiencies.
Ensure compliance with the company’s regulatory requirements under the SEC, FINRA, CFTC, NFA 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.