Solutions Product Controller (VN3250)

Rex; Greater London; On-site; GBP 85,000 - 120,000; Full time

Job summary

Marex is seeking a finance professional to join the Solutions division in London to manage daily P&L reconciliations, balance sheet substantiation and month-end close. You will collaborate with Valuation, Risk, Front Office and Legal entities to ensure accurate reporting and controls.

The role emphasizes finance transformation, process improvements and building out trade flows to the General Ledger, with FCA regulatory compliance at the fore.

Qualifications

• Qualified Accounting qualification (CIMA/ACCA/ACA or equivalent).
• Good understanding of Structured Derivatives essential, preferably Structured Equities.
• Excellent communication skills.
• Ability to collaborate with Management, Front Office, Legal, Operations and Risk.
• Ability to pinpoint root cause issues and work under deadlines.
• Experience with Python/SQL or Alteryx is a plus.
• Experience in a regulated environment and knowledge of risk/compliance requirements.

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 with Valuation and Risk to calculate and verify adjustments (CVA, DVA, FVA, Bid/Offer).
• Analyze full profit before tax and provide monthly desk economics commentary to Management.
• Provide PL/BS commentary to Legal entity control team during month end analysis.
• Ensure month end manual accounting adjustments are posted for OTCs and Structured notes.
• Ensure balance sheet substantiation monthly.
• Drive finance transformation and process improvements across support and control functions.
• Assist in building out trade flows from Front Office system to the General Ledger.
• Ensure compliance with FCA regulatory requirements.

Skills

Accounting qualification

Structured derivatives

Excel proficiency

Python/SQL

Alteryx (optional)

Regulatory knowledge

Analytical skills

Communication skills

Cross-functional collaboration

Education

CIMA/ACCA/ACA or equivalent

Tools

Sophis

Job description

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 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.

For more information visit https://www.marex.com/

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

You will 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 have responsibility to drive 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.
• Working 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 monthly basis.
• Provide PL/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 adjustment are correctly posted for all OTC’s 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 making 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.
• 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 highest level standards of integrity and conduct and reflecting Company Values.
• At all times complying with the FCA’s Code of Conduct [UK only] /Marex’s Code of Conduct [non uk]
• 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
• To provide input to risk management processes, as required.

Skills & Experience:

• Qualified Accounting (CIMA / ACCA / ACA or equivalent)
• Good understanding of Structured Derivatives essential, preferably Structured Equities
• 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
• Proficient in MS office (Excel) and FO/BO systems (Sophis preferred)
• Excellent verbal and written communication skillsProcess 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.

Competencies:

• A collaborative team player, 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 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

If you’re forging a career in this area and are looking for your next step, get in touch!

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.

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