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 role sits with Clearing Operations for all SGX listed futures & options products.
To manage and control all aspects of the operational Functions for the SGX clearing activity and provide assistance to Singapore control and support areas in relation to regional activities.
Overall Responsibilities
- Ensuring all top day trades are allocated, cleared & accepted in a timely & efficient manner
- Configuration & maintenance of back office clearing static data
- Managing top day trade activity to reduce exchange intraday margin calls
- Perform daily trade and position reconciliations and maintaining accurate exchange open interest
- Monitoring and issuing clients with T+1 margin calls
- Reporting margin call status to management
- Establishing and maintaining contact with clients for control of margin payments
- Monitoring and reporting operational risks associated with the margin call processes
- Monitoring daily regulatory reporting submissions to exchange & regulators
- Assisting Treasury with exchange margin call payments
- Establishing and maintaining contact with internal departments including; IT, Credit & Risk, Clearing, Deliveries, Finance, Treasury and Compliance
- Working closely with IT & Trade Support groups, advising of system issues on daily basis
- Assisting with mandatory exchange upgrades in association with software vendors & internal systems
- Efficient email management, including both personal & group mailboxes
- The Company may require you to carry out other duties from time to time
Competencies, Skills and Experience
Competencies
• Minimum Bachelor Degree in Commerce/Business
• Work effectively under pressure in a busy environment
• Good communication skills within team & other business areas
• Punctual, Enthusiastic, Flexible, Helpful and Disciplined
• A collaborative team player, approachable, self-efficient and influences a positive work environment
• Demonstrates curiosity
• Resilient in a challenging, fast-paced environment
• Ability to take a high level of responsibility 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
• Analytical skills
• Problem Solving skills
• Excellent vernal and written communication skills
• 5 Years+ experience within the listed futures and options industry
• 5 Years+ experience within an operations function
• SGX exchange process knowledge
• Ability to work independently and within a team
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 Spectron 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.
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 (where applicable)
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct