Solutions Product Controller

Marex Group; London; On-site; GBP 45,000 - 90,000; Full time

Job summary

An established industry player is seeking a skilled finance professional to join their dynamic team in London. This role encompasses a variety of responsibilities, including daily P&L reconciliation, collaboration with various departments, and driving finance transformation initiatives. The ideal candidate will possess a strong accounting background and a deep understanding of structured derivatives. With a commitment to integrity and collaboration, this forward-thinking firm provides a supportive environment where employees can thrive and develop their careers. If you are looking for a challenging yet rewarding opportunity in the financial services sector, this position is perfect for you.

Qualifications

• Qualified Accounting certification required.
• Strong understanding of Structured Derivatives essential.
• Proficient in analytical and investigation skills.

Responsibilities

• Perform daily P&L reconciliation and controls for the Solutions business.
• Work closely with Valuation and Risk department for adjustments.
• Drive Finance transformation and change initiatives.

Skills

Qualified Accounting (CIMA / ACCA / ACA or equivalent)

Structured Derivatives

Collaboration with Management and Front Office

Analytical Skills

MS Office (Excel)

Python

SQL

Communication Skills

Process Optimisation

Resilience in Fast-Paced Environments

Education

CIMA / ACCA / ACA or equivalent

Tools

MS Office (Excel)

ICE / Sophis

Job description

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 that include 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.

The Finance department is a global department that supports and controls the business activities and reporting requirements of the firm. The department includes Product Control, Legal Entity control, Tax and Treasury.

Ensure that financial and management accounting requirements for the Marex Solutions division are met in a timely and accurate manner and contribute to the production of the daily P&L and Balance sheets.

This role will also be responsible for driving Finance transformation and change, in line with the overall Marex Solutions transformation agenda.

Responsibilities:

• Perform daily P&L reconciliation and controls for the Solutions business, including accurate reporting of Greeks and P&L to front office and senior management.
• Work closely with Valuation and Risk department to calculate and verify adjustments (CVA, DVA, FVA, Bid/Offer).
• Analyse full profit before tax, including Cost reviews, providing analysis around the desk economics to both Management and desk head on a monthly basis.
• Provide P&L/BS commentary to Legal entity control team as part of month-end analysis of each legal Entity and how the Structured Products business impacts each entity (where relevant).
• Ensure that all month-end manual accounting adjustments are correctly posted for all OTCs and Structured notes.
• Ensure that the business’s balance sheet is fully substantiated every month.
• Work with Support and Control groups to resolve any portfolio discrepancies and make improvements to daily processes.
• The position comes with a strong project focus and will be a key contributor to identifying opportunities and delivering process and transformation improvements.
• Drive the identified Finance transformation agenda across all support and control functions.
• Assist in building out trade flows from new and current Front Office system to the General Ledger.
• Ensure 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 highest level standards of integrity and conduct and reflecting Company Values.
• At all times comply with the FCA’s Code of Conduct [UK only] / Marex’s Code of Conduct (non UK).
• 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.
• Report any breaches of policy to Compliance and/or your supervisor as required.
• Escalate risk events immediately.
• Provide input to risk management processes, as required.

Skills and Experience

• Qualified Accounting (CIMA / ACCA / ACA or equivalent).
• Good understanding of Structured Derivatives essential, preferably Structured Equities.
• 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.
• Proficient in MS Office (Excel) and FO/BO systems (e.g. ICE / Sophis preferred, but not essential).
• 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).
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
• A collaborative team player, approachable, self-efficient and influences a positive work environment.
• Resilient in a challenging, fast-paced environment.
• 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.

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.

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 fosters initiative as well as employee satisfaction.

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