Interest Rate Product Specialist (VN2708)

About Marex

Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. 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 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas.

For more information visit https://www.marex.com/

The Interest Rate Product Operations Specialist is responsible for supporting the lifecycle of interest rate products, ensuring accurate trade capture, confirmation, settlement, reconciliation, and issue resolution across a range of fixed income and derivatives products. The role acts as a key control point between Front Office, Middle Office, Technology, Finance, Risk, and external counterparties to ensure smooth operational processing and strong risk management.

Responsibilities:

• Manage the end-to-end operational lifecycle of interest rate products, including:
     • Interest rate swaps
     • Cross-currency swaps
     • FRAs
     • OIS
     • Swaptions
• Ensure timely and accurate trade capture, validation, and settlement.
• Investigate and resolve trade breaks, cash breaks, and position discrepancies.
• Oversee confirmations, payments, resets, rate fixings, and lifecycle events.
• Monitor and control operational risk related to rates products and escalate issues promptly.
• Liaise with traders, sales, structuring, finance, risk, technology, custodians, clearing brokers, and counterparties.
• Support daily reconciliations across internal systems and external platforms.
• Ensure compliance with internal controls, regulatory requirements, and market standards.
• Contribute to process improvements, automation initiatives, and control enhancement projects.
• Support new product launches, system migrations, and business change initiatives.
• Produce management information, KPI reporting, and incident analysis where required.

Skills & Experience:

• Strong experience in markets operations, product operations, or middle office with exposure to interest rate products.
• Good understanding of the trade lifecycle for OTC and listed rates products.
• Knowledge of key operational processes including:
• settlements
• reconciliations
• confirmations
• collateral or margin awareness
• lifecycle event processing
• Familiarity with market infrastructure such as clearing houses, custodians, brokers, and confirmation platforms.
• Strong control mindset with the ability to identify, investigate, and resolve issues quickly.
• Excellent stakeholder management and communication skills.
• Strong Excel skills; experience with trade support or operations platforms is beneficial.
• Ability to work accurately under pressure in a fast-paced markets environment.
• Experience working on the Calypso system for trade booking and lifecycle events.

Competencies:

• Product knowledge: Good understanding of interest rate products, including swaps, FRAs, OIS, cross-currency swaps, bonds, and related lifecycle events.
• Trade lifecycle management: Knowledge of trade capture, confirmation, settlement, reconciliation, rate resets, cashflows, and exception handling.
• Operational control: Strong control mindset with the ability to identify risks, escalate issues, and maintain process accuracy.
• Problem solving: Ability to investigate breaks, analyse root causes, and deliver timely resolutions.
• Attention to detail: High level of accuracy when handling trades, payments, reconciliations, and reporting.
• Stakeholder management: Ability to work effectively with Front Office, Risk, Finance, Technology, counterparties, and vendors.
• Communication skills: Clear verbal and written communication, especially when explaining issues, escalations, and resolutions.
• Time management: Ability to prioritise competing deadlines in a fast-paced markets environment.
• Systems and data skills: Strong Excel and confidence using trading, operations, and reconciliation platforms.
• Process improvement: Ability to identify inefficiencies and support automation, standardisation, and control enhancement.
• Regulatory awareness: Understanding of the importance of compliance, audit readiness, and adherence to internal policies.
• Ownership and accountability: Takes responsibility for issues through to completion and follows up proactively.

If you’re forging a career in this area and are looking for your next step, get in touch!
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.
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