Operations - 2027 UK Graduate Programme

Marex UK Graduate Programme

A structured development programme designed to fast-track understanding of Marex, the financial services industry and the skills required to build a successful career within the organisation.

The programme will help you build your skills, knowledge and experience, with the aim of progressing your career at Marex beyond the programme.

The programme begins with a comprehensive bootcamp, providing an introduction to financial markets, Marex’s purpose, business model, and strategic priorities.

Throughout the programme, you will stay connected with your cohort through ongoing learning and development opportunities alongside your role.

As a Graduate in Energy Operations, you will provide direct support to a range of Energy Commodity broking desks, with a direct focus on Oil & Physical Markets, ensuring coverage is provided in line with the broking desks. Your responsibilities will include a range of tasks such as deal entry into internal and external platforms, trade reconciliations, recapping and problem solving. Ad-hoc responsibilities include assisting the Energy client services team with the onboarding of new clients, while ensuring we adhere to all regulatory and SOX regulations.

You will be responsible for a range of operational tasks, including exposure management, billings, transaction support, corporate action booking and queries, reporting queries, break investigation and resolution, and exception processing.

You will be responsible for ensuring that financial transactions are accurately processed, matched, settled and reconciled after execution. The role supports operational efficiency, risk mitigation, regulatory compliance and client service across various asset classes, including FX, Fixed Income and Derivatives. You will support regulatory and audit requirements and drive process improvements to strengthen operational resilience, working closely with Front Office, Middle Office, Technology and external counterparties to resolve breaks, mitigate operational risk and enhance straight-through processing (STP).

As a Structured Products Operations Analyst, you will be a key member of the operations team, providing comprehensive support to the Hedging Solutions front office. You will report and escalate issues in a timely manner to the Head of the team as well as relevant senior management of the Desk, and work closely and partner with Finance, Treasury, Risk, Audit and Compliance departments.

• →Provide assistance to both customers and internal brokers.
• →Apply counterparty trading limits within the Trayport platform (credit updates).
• →Carry out software testing for all upgrades relating to Trayport and internal price distribution platforms.
• →Manage all system static data within Trayport.
• →Compile and distribute various MIS information for management and compliance.
• →Create and transmit daily pricing reports sent to clients from internal systems.
• →Assist the manager with REMIT reporting duties and other ad hoc regulatory reports.
• →Maintain a good relationship with front office staff and be aware of their requirements, working closely with front office brokers and assisting with all queries and requirements.
• →Enter deals into in-house and exchange systems.
• →Report and escalate issues to the OTC Supervisor and Clearing Manager.
• →Provide back-office administration support as required.
• →Manage email efficiently, for both personal and group inboxes.
• →Assist the Brokerage Department with queries.

• →Instruct and monitor equity and fixed income settlements within EMEA and US markets for our Securities Finance and Market Making businesses.
• →Carry out daily reconciliation and resolution of position breaks, taking full ownership of the breaks assigned to you and clearing them on T+1. Escalate and follow up with other internal teams and external custodians appropriately.
• →Carry out daily cash and transactional reconciliations, taking full ownership of the cash breaks assigned to you (dividend, interest, trade settlement cash etc).
• →Identify recurring break types and work with IT and external custodians to resolve them at source, working to resolve in a timely manner with minimum impact to the client.
• →Manage the mailbox, responding to queries from internal teams relating to breaks, account setups, reporting and ad hoc queries.

• →Trade Processing & Lifecycle Management
• →
  • →Ensure accurate and timely processing of trades across the full lifecycle (trade capture, affirmation/confirmation, settlement, reconciliation).
  • →Manage lifecycle events such as rollovers, resets, expiries, corporate actions and rate fixings.
• →Risk & Control Oversight
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  • →Identify, escalate and remediate operational risks, breaks and control gaps.
  • →Maintain strong adherence to internal controls, regulatory obligations and audit expectations.
  • →Perform quality checks on key processes to ensure accuracy and completeness.
• →Issue Resolution & Escalation Point
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  • →Escalate complex or time-sensitive trade and settlement issues.
  • →Liaise with Front Office, Sales, Middle Office, Technology and external counterparties to resolve breaks.
  • →Troubleshoot system or process failures and drive timely resolution.
• →Stakeholder Management
• →
  • →Build strong relationships with internal stakeholders (Front Office, Treasury, Risk, Compliance, Finance).
  • →Engage effectively with external stakeholders such as custodians, clearing houses and counterparties.
  • →Communicate clearly and proactively regarding breaks, risks and required actions.
• →Reporting & Reconciliations
• →
  • →Perform daily reconciliations (cash, positions, confirmations, nostro, clearing).
  • →Ensure exceptions are investigated, resolved and documented appropriately.
• →Regulatory & Compliance
• →
  • →Support regulatory reporting activities, ensuring data accuracy.
  • →Ensure all operational processes meet compliance and record-keeping standards.
  • →Assist with audit requests, regulator queries and compliance reviews.

• →Reconcile trade positions and cash flows.
• →Manage trade lifecycles.
• →Ensure trade confirmations and client statements are sent.
• →Deal with margin calls.
• →Pay brokerage and settlements.
• →Make sure all relevant trades are reported correctly to meet MiFID, EMIR and Dodd-Frank regulatory frameworks.
• →Contribute to the establishment of new controls, and the enhancement and automation of existing reconciliation tools and processes.
• →Maintain detailed operating procedures for the team and train new joiners to ensure business continuity and minimise staff risk.

• →Ensure compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS and 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.
• →Act as a role model for the highest standards of integrity and conduct, reflecting Company Values.
• →At all times comply with the FCA’s Code of Conduct and Marex’s Code of Conduct.
• →Be 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.
• →Report any breaches of policy to Compliance and/or your supervisor as required.
• →Escalate risk events immediately.
• →Provide input to risk management processes, as required.

The Company may require you to carry out other duties from time to time.

• 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

Energy Operations:

• Analytical skills
• MS Office experience
• Able to work on own initiative and be part of a team
• Problem solving skills
• Attention to detail

Desirable

• Coding a plus but not essential

• Experience/knowledge of working in a regulated environment and knowledge of the risk and compliance requirements associated with this

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

Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients

Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders

Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.

Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.

Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves, and our teams.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.