Marex is a technology-enabled provider of essential liquidity and associated market infrastructure to participants in global energy, metals, agricultural and financial markets. The firm 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.
The Onboarding team is part of the Control & Support department and is primarily responsible for ensuring that regulatory, legal and credit-related due diligence are performed when onboarding new clients.
Role Summary
To ensure that customers across business divisions are on-boarded efficiently and in accordance with Group policies and procedures.
Accountabilities
- Ensure that appropriate CDD / KYC and AML checks are carried out on all new customers and in accordance with local regulatory requirements, in conjunction with the Financial Crime team
- Ensure that appropriate customer categorizations are carried out in accordance with local regulatory requirements
- Ensure that appropriate client documentation is issued to all new customers and in accordance with local regulatory and any exchange requirements
- Ensure that periodic reviews of customer files and on-going monitoring of client relationships is carried out
- Manage & prioritize the customer pipeline on a weekly basis with the business
- Ensure that the integrity of the static data inputted by the on-boarding team into the Client Data Base (aka PeopleSoft)
- Ensure that complete records of all customer documentation are maintained
- Ensure that desks procedures are kept UpToDate
- Ensure that accounts are promptly activated and closed in the Client Database following group policies
- To ensure that the Front-Office is advised, as necessary, of the Group’s on-boarding policies and documentation requirements
- To assist on any other ad-hoc reviews/projects/audits that the Documentation department is required to carry out
- Efficiently dealing with general day-to-day ad-hoc queries
- To work closely with the Financial Crime team
- Keeping management timely informed of issues/developments
- The Company may require you to carry out other duties from time to time
Competencies, Skills and Experience
- Prior experience in client onboarding required
- KYC and risk assessment of clients is essential
- Familiar with requirements of providing support to trading desks
- Self-starter; ability to take initiative and ownership
- Strong prioritization skills; ability to manage time critical deliverables
- Excellent communication skills: comfortable working with colleagues across geographies
- Experience in APAC jurisdiction preferred
- Prior experience in onboarding APAC clients strongly preferred
- Experience in handling Chinese Market portfolio, specifically around client on-boarding process, will be useful, as this is part of the role coverage.
- Familiarity with "follow-the-sun" operating model in a global business.
Top Skills
What We Do
We are a diversified global financial services platform, connecting clients to global energy, metals, agricultural and financial markets. Across our businesses we provide critical high value-add services in Market Making, Execution and Clearing, Hedging and Investment Solutions, Price Discovery and Data & Advisory.
We have a leading franchise in many major metals, energy and agricultural products, executing around 38 million trades and clearing over 193 million contracts in 2021.
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.
Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 22 offices worldwide, the Group has over 1,100 employees across Europe, Asia and America.
State-of-the-art electronic and voice broking services facilitate all types of trading strategies. This is backed by decades of experience, with Marex emphasising intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools.
In addition to its core operations, Marex's scale and expertise in commodity derivatives, as well as physical products, has enabled it to respond to client demand and offer services for financial futures & options and foreign exchange.
