OTC Structuring and Sales Support

4 weeks ago


Chicago, United States Marex Services Group, LLC Full time

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.

For more information visit www.marex.com

Purpose of Role:

Marex is seeking an OTC Structuring and Sale Support individual who is experienced, strategic, diligent, ambitious, and proactive individual, responsible for a portfolio of OTC (over the counter) products. An intermediate to senior level position with the ability to work autonomously, and also as part of a team and directly engage with clients. Commercial ability to maintain good relationship with clients and find new ones to bring flow.

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:

  • Leverage Marex technical resources to develop the internal infrastructure of the desk to operate.
  • Build relationships with the internal brokers to help them to understand the range of OTC products and integrate them into their product offering
  • Work with broker and market analysts to develop specific strategies based on customer risk profiles and market view.
  • Provide ongoing indicative pricing on common structures daily and interface with brokers to get live pricing when looking to execute trades
  • Capture and disseminate OTC market information to broker and customers.
  • Entrepreneurially look for opportunities to expand the Marex agricultural business.
  • 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.
    • Carrying out regulatory activities under the Marex Financial and MSIL trading books.

    • Liaising with clients in US and Canada; clients include banks, hedge funds, market makers, fund managers, institutional, trading houses and other trading boutiques.

    • 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 carry out other duties from time to time.

Competencies, Skills and Experience:

Competencies

  • Excellent verbal written and communication skills.
  • A collaborative team player, that is approachable, self-efficient and influences a positive work environment.
  • Demonstrates curiosity.
  • Ability to take a high level of responsibility.
  • Excels at building relationships, networking and influencing others.
  • Resilient in a challenging, fast-paced environment.
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness. **
    **

Skills and Experience

  • NFA Series 3 (preferred – but can achieved in the role).
  • Good understanding of Global Commodities and Agricultural markets.
  • Good knowledge of Financial Derivatives, especially Over-The-Counter commodity products.
  • Strong understanding of options pricing, including exotic options (barriers, binary, etc.)
  • Proactive mindset in keeping up to date with market research and incorporating into role efficiently.
  • Analytical skills, identifying opportunities and risks in a quick and decisive manner.
  • Comprehensive knowledge of the financial service markets and relevant regulatory requirements.
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
  • Experience in operating on electronic market making infrastructure.
  • Experience in risk managing of OTC Commodities portfolios
  • Knowledge of the underlying products at Marex within the OTC Commodities remit.
  • Bachelors Degree is preferred.

Marex's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the employer of choice for prospective candidates. We encourage applications from candidates returning to the job market.

It is the policy of Marex to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

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