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Job description
Commission And Fees Administration SpecialistThe Commission and Fees Administration Specialist is a member of the day-to-day Operations team.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.Overall ResponsibilitiesIndependently work with Investment Bankers and Traders for daily adding, changing, and deleting of commissions and fees with the ability to analyze the changes and adjust the accounts accordingly.Own daily posting of commission and fee adjustments.Ensure membership setups are appropriately kept up in the Fees Direct System.Collaborate with New Accounts department daily to set up new client commission and fee rates in the Fees Direct System.Investigate issues by following trades from beginning to end to find where the discrepancy lies.Work with Balancing department on commission and fee charges for transfers.Read and understand fees schedules from the US and various foreign exchanges.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 ConductTo 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 responsibilityTo report any breaches of policy to Compliance and/ or your supervisor as requiredTo escalate risk events immediatelyTo provide input to risk management processes, as required.Competencies, Skills, and ExperienceCompetenciesDemonstrates curiosityResilient in a challenging, fast-paced environmentAbility to take a high level of responsibility in a fast pace and high-volume environmentAbility to work independently and proactively take ownership of tasks and processes yet understand when to escalate an issueExcels at building relationships, networking and influencing othersStrategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectivenessSkills and ExperienceMinimum of 3 years of exposure to the commodities industry requiredAn associate or bachelor's degree from an accredited institutionKnowledge of Microsoft Office (with proficient use of Microsoft Excel)Demonstrated ability to learn in-house computer system XTP and Fees Direct along with various vendor software, EFS, and FIA DOCSExcellent verbal and written communication skillsExcellent customer service skillsStrong organizational skills and detail orientedExperience working in a regulated environment and knowledge of the risk and compliance requirements associated with thisCompany ValuesConduct RulesActing 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 are 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 RulesAct with integrityAct with due skill, care, and diligenceBe open and cooperative with the FCA, the PRA and other regulators (where applicable)Pay due regard to the interests of customers and treat them fairlyObserve proper standard of market conduct
Worksite address
chicago, IL, 60601, US
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