Futures and Options Clearing Specialist

4 weeks ago


London, Greater London, United Kingdom Marex Full time

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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