Product Control Associate

Rex Technologies GmbH; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial services platform in Greater London seeks an experienced candidate to join its product control team. This role involves daily P&L production across asset classes, driving finance transformation, and collaborating with various stakeholders. The ideal candidate holds a professional qualification and has over 2 years of Product Control experience. Competitive compensation and a dynamic work environment await the successful applicant.

Qualifications

• Strong understanding of Investment bank products and accounting principles.
• Proven experience in Product Control with a minimum of 2 years.
• Ability to work collaboratively in a fast-paced environment.

Responsibilities

• Perform daily P&L production across various asset classes.
• Build and run the daily FOBO process for accurate trade representation.
• Collaborate on product initiatives and improvements.

Skills

Capital markets understanding

Excellent communication skills

Collaboration with management

Root cause analysis

Tight deadline management

Analytical skills

MS Office proficiency

Process optimization experience

Python proficiency

SQL proficiency

Education

Post grad professional qualification (ACA/CIMA/CFA)

Tools

MS Excel

Python

SQL

Alteryx

Job description

About Marex

Marex Group plc is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. It listed on Nasdaq Global Select Market in April 2024. With more than 35 offices in Europe, US and APAC, it 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.

The Finance function at Marex is responsible for reviewing and reporting fair value inventory consistently across all asset classes.

www.marex.com

Role Summary

We are seeking an outstanding candidate to work within the Product control team across several asset classes, Equities, Commodities, Crypto, FX and Fund Derivatives.

Candidate will typically have a post grad professional qualification (ACA/ CIMA/ CFA) or proven level of Product Control experience with some experience of Product Control (2 years+)*

Role will encompass all controls across the balance sheet and P&L for IB products. This role will also play a key role in driving Finance transformation and change, in line with the overall Marex transformation agenda.

Responsibilities

• Perform Daily P&L Production various asset classes. Prepare results, including Risk based analysis, communicate to traders and be able to challenge on any significant disputes. Prepare P&L proforma information.
• In depth analysis of Funding, Sales credits and Risk based P&L (incl Greeks). Calculate Fair value adjustments (CVA, DVA, Bid/Offer).
• Build out and run the daily FOBO process ensuring front office trades and cash flows are correctly represented in the firms books and records (ledgers)
• Work on helping build the P&L process for the Solutions business. This will require working with various stakeholders to assess risk, document risk gaps and build automated solutions to address any gaps.
• Understand the end to end control environment working with Operations and Trading to identify Control weaknesses and work collaboratively to solve. This could be across the balance sheet, P&L, Sales credits or reporting disclosures.
• Work on various product initiatives within the team, Marex is an evolving firm and requires ability to integrate new products, business lines, systems into the reporting environment
• The position comes with a strong project focus and the candidate will be a key contributor to identifying opportunities and delivering process and transformation improvements.
• 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.
• 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 elevate risk events immediately.

Skills and Experience

• Good understanding of Capital markets and Structured products such as Notes, will be helpful and broad appreciation for how Solutions products benefit our clients.
• Excellent communication skills.
• Ability to collaborate with Management, Front Office, Legal, Operations and Risk.
• Ability to pinpoint root cause issues.
• Ability to work with tight deadlines.
• Proven analytics and investigation skills.
• Ideally proficient in MS office (Excel) and comparing and analysing data sets
• Excellent verbal and written communication skills.
• Process optimisation or change experience (preferred, but not essential).
• Experience in Python / SQL or Alteryx (preferred, but not essential).

Competencies

• A collaborative team player, approachable, self-efficient and influences a positive work environment.
• Understanding of the end-to-end flows across all departments as collaboration will be key requirement
• Good understanding of Investment bank products including Valuation principles, relevant Risk sensitivities and product accounting principles
• Strong understanding of the balance sheet presentation for IB products and the controls underpinning the substantiation of key financial information
• Understanding the Data components required within Finance and how to control those parameters. Demonstrates curiosity and attention to detail with that data.
• Resilient in a challenging, fast-paced environment and an ability to work with the traders, risk managers to understand the different perspective.
• Ability to take a high level of responsibility in a fast pace and high-volume environment.
• Excels at building relationships, networking and influencing others.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
• Broad market knowledge and demonstrated interest in the Industry incl trends, nuances, regulatory observations and competitor analysis,

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 standard of market conduct
• Act to deliver good outcomes for retail customers

Company Values

Acting as a role model for the values of the Company:

Respect – Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.

Integrity– Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.

Collaborative– We work in teams – open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.

Developing our People– Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.

Adaptable and Nimble– Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment f