Middle Office Associate - Middle Office Associate

Marex•Chicago, IL

1d•$60,000 - $90,000•Onsite

About The Position

Marex is seeking a Middle Office Associate to provide comprehensive support to the financial futures and equity derivatives teams globally. This role ensures adherence to control and regulation aspects, requiring independent work and collaboration across the organization. Marex is a global financial services platform offering liquidity, market access, and infrastructure services in energy, commodities, and financial markets. The Middle Office Associate position is within the Operations Futures Clearing Department, a crucial middle-to-back-office function managing the post-trade lifecycle of futures and options transactions. This department acts as a liaison between clients, executing brokers, and clearinghouses, ensuring accurate trade 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.
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.

Nice To Haves

Committed to continuous improvement.

Responsibilities

Provide comprehensive support to the financial futures front office and clients.
Report and escalate issues timely to the Head of the team and relevant senior management.
Perform daily BAU activities including reconciling trade positions and flows, managing trade lifecycles, sending trade confirmations and client statements, dealing with errors, ensuring 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.
Perform trade allocations on various futures markets (LIFFE, EUREX, CME, CBOT, and major Asian markets).
Operate 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 trading team and client requirements.
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 for troubleshooting and enhancements.
Understand and comply with Sarbanes Oxley operational requirements relevant to the role.
Ensure compliance with regulatory requirements under SEC, FINRA, NFA, CFTC, and other applicable exchanges.
Adhere to the operational risk framework, ensuring compliance with regulatory or company-determined parameters.
Act as a role model for integrity and conduct, reflecting Company Values.
Comply with Marex’s Code of Conduct, including adherence to internal policies, reporting breaches, escalating risk events, and providing input to risk management processes.