About Marex
Marex Group plc is a diversified global financial services platform, providing essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. It listed on Nasdaq Global Select Market in April 2024. With more than 35 offices in Europe, the US, and APAC, it 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 a 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 has to be ready to respond and be up to the challenge.
Role Summary
Responsible for the production of invoices and the collection of debt relating to ETD and OTC trading activity, managing a portfolio of accounts, maintaining details of all calls and correspondence relating to the collection of debt, working to strict month-end deadlines, building relationships both internally with our brokers and externally with the customer base, and dealing with ad-hoc requests.
Responsibilities
Daily
- Review of daily trade feeds T+1
- Correction of error trades
- Produce and distribute T+1 trade recaps to the desks
- Review and amend any discrepancies from the recaps
- Cash collection; chase down all outstanding debt via email/call
- Resolve any queries with the desk; where trades have to be amended, produce new invoices and forward to the customer
- Apply all cash received into the bank to 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
- Ensuring compliance with the company's regulatory requirements under the FCA, NFA, AMF, AFM, MAS, and any other relevant regulator
- Adhere to the operational risk framework for your role ensuring that all regulatory or company-determined parameters are complied with
- Role model for demonstrating the highest level standards of integrity and conduct, 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
- 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-paced 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
- Minimum of 3 years working in 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
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 standards of market conduct
- Act to deliver good outcomes for retail customers
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.
Candidates outside of the indicated range will also be considered
Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.