Middle Office Associate (Operations)

Marex Services Group, LLC

Chicago, IL

JOB DETAILS
SALARY
$60,000–$90,000 Per Year
SKILLS
Analysis Skills, Automation, Brokerage, Business Support, Communication Skills, Continuous Improvement, Corporate Compliance, Customer Relations, Derivatives, Detail Oriented, Finance, Financial Services, Functional Configuration Audit (FCA), Futures, Maintain Compliance, Operations Management, Operations Processes, Presentation/Verbal Skills, Problem Solving Skills, Process Flow, Profit & Loss, Reconciliation, Regulations, Regulatory Compliance, Regulatory Requirements, Risk, Risk Management, Sarbanes-Oxley Act (SOX), Securities and Exchange Commission (SEC), Software Administration, Team Player, Trading/Stockbroking, Treasury, Vendor/Supplier Relations, Writing Skills
LOCATION
Chicago, IL
POSTED
2 days ago

Purpose of RoleMarex is seeking a Middle Office Associate who provides comprehensive support to the financial futures and equity derivatives teams, ensuring control and regulatory compliance on a global basis. The role works independently, leveraging organizational partnerships to achieve business objectives.ResponsibilitiesProvide comprehensive support to the financial futures front office and clients, reporting and escalating issues to the Head of the team and senior management.Perform daily business-as-usual activities, including reconciling trade positions and flows, managing trade lifecycles, sending trade confirmations and client statements, dealing with errors, maintaining flat hourly positions, and ensuring accurate reporting to meet FCA, NFA, and other regulatory frameworks.Contribute to the establishment of new controls and the enhancement and automation of existing reconciliation tools and processes.Work closely with finance, treasury, risk, audit, and compliance departments.Maintain detailed operating procedures and train new joiners to ensure business continuity and minimize staff risk.Allocate trades on various futures markets including LIFFE, EUREX, CME, CBOT, and all 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.Participate in projects for new system initiatives to meet the requirements of the trading team and our clients.Onboard new voice and electronic (DMA) execution clients.Assist with the set-up of new brokers that join our global team, working closely with the back office and trade support.Build relationships with software vendors to troubleshoot problems or request enhancements.Ensure compliance with Sarbanes‑Oxley operational requirements relevant to the role.Ensure compliance with the company's regulatory requirements under the SEC, FINRA, NFA, CFTC, and other applicable exchanges.Adhere to the operational risk framework, ensuring all regulatory or company-defined parameters are complied with.Act as a role model for integrity and conduct, reflecting company values.At all times comply with Marex's Code of Conduct: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.Report any breaches of policy to Compliance and/or your supervisor as required.Escalate risk events immediately.Provide input to risk management processes, as required.Perform other duties as required.CompetenciesCommitted to continuous improvement.Meticulous attention to detail.Customer-focused.A collaborative team player, approachable, self-efficient, and capable of influencing a positive work environment.Demonstrates curiosity.Resilient in a challenging, fast-paced environment.Excellent at building relationships, networking, and influencing others.Insightful and agile, able to anticipate future challenges and ensure operational effectiveness.Excellent verbal and written communication skills.Strategic collaborator with insight and agility, able to anticipate future challenges and ensure operational effectiveness.Skills and ExperienceExperienced 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 it.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.Salary Range$60,000 to $90,000 per year base salary, eligible for discretionary bonus.Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company. We are an equal‑opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.#J-18808-Ljbffr

About the Company

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Marex Services Group, LLC