Product and Valuation Controller

Macquarie Bank Limited; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Wellbeing leave day

Parental leave

Fertility leave

Volunteer leave

Learning and development

Hybrid and flexible working

Job summary

Macquarie in London seeks a Product and Valuation Control professional to join the Finance team within Commodities and Global Markets. You will help ensure accurate revenue recognition, robust valuation control, and insightful reporting across a broad range of commodity products.

You will work closely with front office, risk and operations to support month-end close, reconciliations and continuous process improvements, while communicating performance to senior stakeholders.

Qualifications

• 2-5 years’ experience in product control, market risk, valuation control or a similar role within a trading or investment banking environment.
• Experience supporting commodities trading, ideally across oil, gas, power, carbon or physical products.
• Understanding of physical logistics such as storage, shipping and pipeline activity, alongside financial instruments including swaps, futures and options.
• Strong analytical capability, high attention to detail and a practical control mindset.
• Familiarity with coding languages such as Python, SQL or VBA would be advantageous.
• Confidence communicating with senior stakeholders and constructively challenging front office where required.

Responsibilities

• Understand, substantiate and control revenue recognition for the trading business.
• Oversee daily P&L production and analysis.
• Validate valuations for physical and derivative positions.
• Provide clear explanation of financial performance to trading desks and senior stakeholders.
• Work closely with front office, risk, operations and finance teams to ensure robust valuation control and reporting; support month-end close and reconciliations; drive process improvements.

Skills

Product control

Commodity trading

Physical logistics

Analytical mindset

Stakeholder communication

Python/SQL/VBA

Tools

Python

SQL

VBA

Job description

Join our Finance team within Commodities and Global Markets and play a key role in supporting revenue recognition, financial control, valuation oversight and performance analysis for our trading business. As part of our London-based Product and Valuation Control team, you will help ensure accurate and insightful reporting across a broad range of commodity products, including Agricultural Commodities, Base and Precious Metals, Bulks, Commodity Investor Products and Energy products such as Global Oil and European Power, Gas and Carbon.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

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As a member of the Product and Valuation Control team, you will be responsible for understanding, substantiating and controlling revenue recognition for our trading business. Overseeing daily profit and loss production and analysis, validate valuations for physical and derivative positions, and provide clear explanation of financial performance to trading desks and senior stakeholders.

You will work closely with front office, risk, operations and finance teams to ensure robust valuation control, accurate balance sheet reporting and strong financial governance. Whilst also support month-end close activity, front to back reconciliations and the ongoing improvement of reporting, control and system processes.

What you offer

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• 2-5 years’ experience in product control, market risk, valuation control or a similar role within a trading or investment banking environment.
• Experience supporting commodities trading, ideally across oil, gas, power, carbon or physical products.
• Understanding of physical logistics such as storage, shipping and pipeline activity, alongside financial instruments including swaps, futures and options.
• Strong analytical capability, high attention to detail and a practical control mindset.
• Familiarity with coding languages such as Python, SQL or VBA would be advantageous.
• Confidence communicating with senior stakeholders and constructively challenging front office where required.

What we offer

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At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About Financial Management, People and Engagement

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Financial Management, People and Engagement (FPE) provides a single interface for Macquarie’s businesses across key areas of people, strategy, communications and financial management. Comprising two pillars – Financial Management, and People and Engagement – it is responsible for managing the Group’s financial, tax and treasury activities and strategic priorities, fostering our culture through people and community engagement strategies, and engaging with stakeholders to protect and promote Macquarie’s reputation globally.

Inclusion at Macquarie

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We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background.
We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.