Middle Office Associate (Operations) - VN2820

Marex•Chicago, IL

8d•Onsite

About The Position

Marex is seeking a Middle Office Associate to provide full and comprehensive support to the financial futures and equity derivatives teams on a global basis, ensuring adherence to control and regulation aspects. The role requires the ability to work independently and leverage partnerships across the organization. This position is within the Operations Futures Clearing Department, a vital middle-to-back-office function responsible for managing the post-trade lifecycle of futures and options transactions. The department acts as the central liaison between clients, executing brokers, and clearinghouses, ensuring accurate trade verification, processing, and settlement in compliance with regulatory requirements.

Requirements

Experienced working in a similar middle office / operations role in the financial services industry.
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
Good knowledge of the ATEO/TT suite of products (TEO, LISA).
Understanding of trade flow and processes of financial futures middle office.
Demonstrated ability to develop and maintain relationships with internal and external customers.
Proven independent problem-solving and analytical skills.
Committed to continuous improvement.
Meticulous attention to detail.
Customer-focused.
A collaborative team player, approachable, self-efficient and influences a positive work environment.
Demonstrates curiosity.
Resilient in a challenging, fast-paced environment.
Excels at building relationships, networking and influencing others.
Insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
Excellent verbal and written communication skills.
Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.

Responsibilities

Provide comprehensive support to the financial futures front office and clients as a key member of the middle office.
Report and escalate issues timely to the Head of the team and relevant senior management.
Perform daily Business As Usual (BAU) activities including reconciling trade positions and flows, managing trade lifecycles, sending trade confirmations and client statements, dealing with errors, ensuring all positions are flat hourly, and correctly reporting trades to meet regulatory frameworks (FCA, NFA, etc.).
Contribute to establishing new controls and enhancing/automating existing reconciliation tools and processes.
Collaborate closely with finance, treasury, risk, audit, and compliance departments.
Maintain detailed operating procedures for the team and train new joiners to ensure business continuity and minimize staff risk.
Perform trade allocations on various futures markets including LIFFE, EUREX, CME, CBOT, and major Asian markets.
Operate appropriate controls to capture and resolve trades not claimed within given timescales.
Validate daily volumes and P&L on behalf of the team of brokers.
Work on projects for new system initiatives to meet the requirements of the trading team and clients.
Onboard new voice and electronic (DMA) execution clients.
Assist with the setup of new brokers, working closely with the back office and trade support.
Build relationships with software vendors to troubleshoot problems and identify enhancements.
Understand and comply with Sarbanes Oxley operational requirements relevant to the role.
Ensure compliance with company regulatory requirements under 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 with Marex’s Code of Conduct, including understanding and adhering to internal policies, reporting policy breaches, escalating risk events immediately, and providing input to risk management processes.