Futures and Options Clearing Specialist
4 weeks ago
About Marex Group
Marex Group plc is a leading global financial services platform providing essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. With a strong presence in Europe, the US, and APAC, Marex has unique access across markets, making it a trusted partner for clients globally. The firm's technology-led service provides access to all major exchanges, order-flow management via screen, voice, and DMA, plus award-winning data, insights, and analytics.
The F&O Clearing team plays a crucial role in the success of the firm, ensuring that Marex's day-to-day trade processes run smoothly and efficiently, meeting the needs of clients to a high standard. As a member of this team, you will be responsible for providing operations clearing support for Futures, Options, Equity, Energy, Agricultural, and OTC exchanges.
Key Responsibilities
- Ensure timely and efficient allocation, clearing, and acceptance of top day trades
- Recap clients in multiple formats on behalf of specified internal brokers
- Monitor and resolve exchange clearing gateways and 3rd-party clearer file imports
- Monitor and resolve downstream internal system feeds and processes
- Collaborate with front office brokers, assisting with queries and requirements
- Configure and maintain back-office clearing static data
- Report any issues to back-office supervisors and clearing managers
- Work closely with IT and trade support groups, advising on system issues
- Manage top day trade activity to reduce intraday margin calls
- Efficiently manage email, including personal and group mailboxes
- Assist with mandatory exchange upgrades and new exchanges
- Train new staff members
- Monitor trader error positions and ensure off-risk department awareness
- Support the Brokerage Department on relevant queries
- Liaise with the Clearing Manager and IT development to improve systems and procedures
Competencies
- Collaborative team player, approachable, self-efficient, and influences a positive work environment
- Demonstrates curiosity
- Takes high-level responsibility in a fast-paced and high-volume environment
- Builds relationships, networks, and influences others
- Strategic collaborator with insight and agility, anticipating future challenges for operational effectiveness
Requirements
- Clearing experience essential
- Knowledge of XTP, ATeo LISA, and TEO Clearing software
- Able to work independently and as part of a team
- MS Office experience
- Good communication skills within the team and other business areas
- Punctual and enthusiastic
- Flexible and accustomed to changing responsibilities
- Problem-solving abilities
- Attention to detail
- Experience working in a regulated environment and knowledge of risk and compliance requirements
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