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Graduate Trainee, Structuring
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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 including 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.
Department Description
The Marex Solutions structuring desk designs and manufactures bespoke investment products for institutional clients globally. The team covers a broad range of asset classes including equities, commodities, credit, and digital assets, with products ranging from capital-protected notes and autocallables to QIS indices and bespoke dispersion payoffs. The Graduate Structurer will contribute across the full product lifecycle from idea generation and payoff design through pricing, documentation, and post-trade monitoring.
Marex Graduate Programme
The Marex Graduate Programme is a two-year, full-time programme designed to develop high-potential talent into future leaders. Graduates complete a structured onboarding bootcamp before gaining hands-on experience in their team, supported by technical training, professional development, and ongoing learning through workshops and senior leadership engagement. Participants build a strong internal network while gaining exposure to Marex’s core business and developing skills for long-term career progression.
Role Summary
The role spans cross-asset exotic derivatives structuring, covering equity, commodity, credit, and digital asset underlyings. The successful candidate will work closely with the Head of Structuring, the trading desk, the quant team, and institutional sales to design, price, and deliver bespoke structured products and QIS indices to global institutional clients.
Responsibilities
- Design and structure bespoke exotic derivative payoffs across asset classes (equity, commodity, credit, digital assets) tailored to institutional client investment objectives and risk appetite.
- Collaborate with the quant team to price structured products using Monte Carlo, PDE, and analytical methods, ensuring competitive execution and accurate risk assessment.
- Work with institutional sales to originate new trade ideas, prepare marketing materials, term sheets, and product factsheets for client-facing distribution.
- Contribute to the development and maintenance of QIS (Quantitative Investment Strategy) indices, including backtesting, methodology documentation, and ongoing monitoring.
- Support post-trade lifecycle management including barrier monitoring, fixing schedules, coupon calculations, and client reporting.
- Ensuring compliance with the company’s regulatory requirements under the FCA.
- Adhere to the operational risk framework for your role ensuring that all regulatory or company-determined parameters are complied with.
- Role model for demonstrating the highest level standards of integrity and conduct and reflecting Company Values.
- At all times complying with the FCA’s Code of Conduct.
- Carrying out regulatory activities under the Marex Financial and MSIL trading books.
- Liaising with clients in necessary regions.
- 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.
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Competencies
- Excellent verbal written and communication skills.
- Strong analytical and problem-solving abilities with attention to detail.
- A collaborative team player, that is approachable, self-efficient and influences a positive work environment.
- Demonstrates curiosity.
- Resilient in a challenging, fast-paced environment.
- Ability to take a high level of responsibility in a fast-paced and high-volume environment.
- Ability to make data and research informed decisions.
- Excels at building relationships, networking, and influencing others.
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
- Ability to work independently while collaborating effectively across structuring, trading, quant, and sales teams.
- Intellectual curiosity and genuine passion for derivatives and financial markets.
Skills And Experience
- Proactive mindset in keeping up to date with market research and incorporating it into the role efficiently.
- Derivatives: Understanding of option pricing theory (Black-Scholes, local/stochastic volatility), Greeks, Monte Carlo methods, and exotic payoff structures.
- Quantitative Methods: Numerical analysis, optimisation, time-series analysis, backtesting methodologies.
- Programming: Strong Python skills (NumPy, Pandas, SciPy, Matplotlib); familiarity with SQL and C++ is a plus.
- Products: Familiarity with structured products (autocallables, capital-protected notes, barrier options, variance products) and/or QIS indices is a plus.
- Tools: Bloomberg Terminal, Excel/VBA, Git; experience with any pricing library or front-office system is a plus.
- Excellent written and verbal communication skills in English; French is a plus.
- Analytical skills, identifying opportunities and risks in a quick and decisive manner.
- Comprehensive knowledge of the financial service markets and relevant regulatory requirements.
- Experience/knowledge of working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
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Conduct Rules
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 standards of market conduct.
- Act to deliver good outcomes for retail customers.
Company Values
- 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 careers. 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 us to do anything differently to help you, please include it in your application.
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