MPS Reconciliations Analyst

About Marex

Marex is a diversified 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.

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 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

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.

The reconciliations team sits within the Operations department based in our Belfast office. The team works closely with Operations and Client Service teams based in Belfast, London, New York and Hong Kong.

For more information visit www.marex.com

Role Summary

We are seeking a Reconciliation Analyst to add to our Belfast team. The role will support the European and North American Prime Brokerage business, working on reconciliations, breaks resolution and general operational duties. We are looking for an individual with excellent written and verbal English communications skills who is exceptionally organised and detail oriented. The operations professional must be able to manage multiple simultaneous tasks in a fast paced environment.

Role Responsibilities

Responsibilities include:

• Daily reconciliation and resolution of position breaks. Take full ownership of position breaks assigned to you to clear on T+1. Escalate and follow up with other internal teams/external custodians appropriately.
• Daily cash reconciliations. Full ownership and reconciliation of cash breaks (dividend, interest, trade settlement cash etc) assigned to you. Identify recurring break types and work with IT and external custodians to resolve at source.
• Daily transactional reconciliation. Full ownership of clearing client transaction breaks assigned to you. This includes cash breaks and transaction type breaks. Working closely with Client Service teams in Belfast, London, NY and Hong Kong to resolve in a timely manner with minimum impact to the client.
• Booking Corporate Actions on T+1 in a timely and accurate manner based on custodian data and using Bloomberg where appropriate.
• Mailbox management to include responding to queries from internal teams relating to breaks, account setups, reporting and ad hoc queries
• Ensure client reporting is accurate and distributed in a timely manner with correct holdings for margin purposes
• Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS or any other relevant regulatory body.
• 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 the FCA’s Code of Conduct and 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.

Competencies

• Excellent verbal and written communication skills
• 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
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Experience, Education and Professional Qualifications

• A relevant university degree in finance, economics, or related discipline, or recognised professional or equivalent qualification is preferred
• 2-7 years experience* working in professional or financial services
• Familiarity with financial products including cash equities, swap, bonds, futures and options preferred
• Exposure to corporate actions/events an advantage
• Ensure high levels of confidentiality are maintained in relation to the work of the company and clients
• Proactive, result driven attitude and mindset
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Conduct Rules

You must:

• Act with integrity
• Act with due skill, care and diligence
• Be open and cooperative with the FCA, the PRA and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct
• Act to deliver good outcomes for retail customers

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

*Applicants outside of this range will also be considered.

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