Fuel Oil Broker

Marex is a global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. 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 35 offices around the globe, and over 2300 dedicated people enabling access to exchanges and technology-powered services.

Marex is seeking a Fuel Oil Broker who is an experienced, ambitious, and proactive individual, responsible for a portfolio of fuel oil products. Senior level position with the ability to work autonomously, and also as part of a team and directly engage with clients. Commercial ability to maintain good relationship with clients and find new ones to bring flow.

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. This role covers the Fuel Oil function within the Energy department.

Responsibilities:

• Dealing in commodity products, in particular Fuel Oil products
• Directly corresponding with clients including banks, hedge funds, market makers, fund managers, institutional, trading houses, and refiners
• Assisting with the onboarding of any new client relationships and maintaining existing client relationships, supporting processes as required by colleagues, and engaging and updating clients.
• Working efficiently and supporting with making efficiencies e.g. assisting in the preparation of any new required frameworks.
• Collaboration with central operations functions which support the trading role including but not limited to Operations and Technology.
• Strategizing to increase P&L, requiring analysis of markets and products
• Liaising with clients in UK, Europe, Singapore and US
• Ensuring compliance with the company's regulatory requirements under the FCA and NFA.
• 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 the FCA's Code of Conduct
  • To 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 responsibility
  • To report any breaches of policy to Compliance and/or your supervisor as required
  • To escalate risk events immediately
  • To provide input to risk management processes, as required.

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

Competencies, Skills and Experience:

• Excellent verbal written and communication skills
• A collaborative team player, that is approachable, self-efficient and influences a positive work environment
• Ability to take a high level of responsibility
• Excels at building relationships, networking and influencing others
• Resilient in a challenging, fast-paced environment
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Skills and Experience:

• Analytical skills
• Comprehensive knowledge of the financial service markets and relevant regulatory requirements
• Substantial experience working in and knowledge of the Crude product area
• Experience of the infrastructural support required to efficiently support Crude business line
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this
• Bachelor's degree is preferred.

Salary Range: $100,000 to $200,000 per year and eligible for discretionary bonus.

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.