FCM Clearing Operations Support Analyst

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Chicago, IL
Internship
Financial Services
The Role

Diversified. Resilient. Dynamic.
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 2,000 dedicated people enabling access to exchanges and technology-powered services.
For more information visit www.marex.com
Purpose of Role:

The FCM Clearing Operations Support provides operations clearing support for Futures & Options. The role covers all top day activity including allocations, Give Ups, Give Ins, and constant monitoring of trade activity to ensure everything is clearing correctly.

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.

Responsibilities:

  • Ensure all top day trades are allocated, cleared, and accepted in a timely and efficient manner.
  • Participate in daily monitoring and problem resolution of exchange clearing gateways and third-party clearer file imports
  •  Participate in daily monitoring and problem resolution of downstream internal system feeds and process.
  • Collaborate with brokers, assisting with all queries and requirements.
  • Escalation of issues to back-office supervisor and clearing manager.
  • Partner with IT and trade support groups, advising of system issues daily.
  • Process top day trade activity to minimize intraday margin calls.
  • Correspondence through group mailbox, as well as personal email.
  • 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 required
    • To escalate risk events immediately
    • To provide input to risk management processes, as required.

The Company may require you to perform other duties from time to time.

Competencies, Skills, and Experience:

Competencies

  • Demonstrates curiosity.
  • Resilient in a challenging, fast-paced environment.
  • Ability to take an elevated 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.

Skills and Experience

  • Zero to two years (0-2) of clearing experience preferred.
  • Bachelor’s degree preferred, but not required.
  • Knowledge of Ion’s XTP Back Office & Ateo LISA & Teo Clearing software.
  • Microsoft Office experience.
  • Excellent verbal and written communication skills.
  • Experience working in a time sensitive

Company Values
Acting as a role model for the values of the Company:
Respect
 – Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.
Integrity

– Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.
Collaborative

– We work in teams – open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.
Developing our People

– Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.
Adaptable and Nimble

– Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.

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 the law.

#LI-PP1

The Company
732 Employees
On-site Workplace
Year Founded: 2005

What We Do

We are a diversified global financial services platform, connecting clients to global energy, metals, agricultural and financial markets. Across our businesses we provide critical high value-add services in Market Making, Execution and Clearing, Hedging and Investment Solutions, Price Discovery and Data & Advisory.
We have a leading franchise in many major metals, energy and agricultural products, executing around 38 million trades and clearing over 193 million contracts in 2021.

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.

Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 22 offices worldwide, the Group has over 1,100 employees across Europe, Asia and America.

State-of-the-art electronic and voice broking services facilitate all types of trading strategies. This is backed by decades of experience, with Marex emphasising intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools.

In addition to its core operations, Marex's scale and expertise in commodity derivatives, as well as physical products, has enabled it to respond to client demand and offer services for financial futures & options and foreign exchange.

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