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 2300 dedicated people enabling access to exchanges and technology-powered services.
For more information visit www.marex.com (http://www.marex.com/)
(http://www.marex.com/)
(http://www.marex.com/)
Purpose of Role:
The Brokerage Analyst is responsible for the production of invoices and the collection of debt relating to ETD and OTC trading activity. Manage a portfolio of accounts. Maintain details of all calls / correspondence relating to the collection of the debt. Work to strict month end deadlines. Monthly collection targets are set at revenue + 4% of the aged. Monthly review of the aged debtor. Build relationships both internally with our brokers and externally with the customer base. Ad-hoc requests
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.
Brokerage is at the heart of the firm working closely with many of our business areas globally. We manage all commissions earned from all of our offerings ETD/OTC/DMA/Equity/ADHOC
Any business dealings with a commission attached leaving the firm would be produced by Brokerage. The teams based in London/ Paris and Chicago are responsible for the creation and collection of all invoices produced circa $40M per calendar month. We service over 100+ desks around the globe and face their clients to collect any amounts they owe.
Due to the fast growth of the firm we have to be agile and adaptable. We have, to ensure we have the tools in place to allow us to facilitate any new business line. This is not just technology, the team have to be ready to respond and be up to the challenge.
Responsibilities:
Daily

• Review of daily trade feeds T+1 (trading day plus one business day).
• Review and correction of error trades as required.
• Produce and distribute T+1 trade recaps to the desks
• Review and amend any discrepancies from the trade recaps.
• Responsible for brokerage cash collection. Chase down all outstanding debt with customers by contacting via email and phone.
• Resolve any queries with the brokerage desk. Where trades have to be amended, produce new invoices and forward to the customer.
• Apply all cash received into the bank and the brokerage system paying down invoices per the customers instructions.
• Nostros must be cleared down by month end.

Monthly

• Ensure all trades have been captured and reported correctly.
• Production of monthly invoices.
• Ensure all cash received in the month has been applied.
• Production of month end debtors for the desks.

Other Responsibilities

• 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 carry out other duties from time to time.
Competencies, Skills and Experience:

Competencies

• A collaborative team player, approachable, self-efficient and influences a positive work environment
• Demonstrates curiosity
• Resilient in a challenging, fast-paced environment
• Ability to work 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

• At least 3 years working in financial services collections.
• Used to working with a high volume of debtors.
• Excellent verbal and written communication skills
• Comfortable working to targets and deadlines.
• Strong time management skills and the ability to work unsupervised or as part of a team as required
• Strong commitment to the tasks at hand and going the extra mile where necessary.
• A keen eye for process improvement and an ability to make suggestions to enhance and automate processes where possible.
• Peoplesoft experience or similar systems experience is preferred but not essential.
• Strong Microsoft Office skills are a must, especially Excel
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Salary Range: $80,000 to $110,000 per year plus discretionary bonus.
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'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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