Job Description

About Marex

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. 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.

Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

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Role Summary

Reporting to the Global Head of Tax, and with a dotted line into the Global Head of Reward, this role will be focussed on managing governance, risk management, and compliance matters associated with employment taxes and with providing advisory expertise in relation to global employment and expatriate taxes. The Head of Employment Taxes will contribute to the excellence in design, communication and implementation of employment tax related policies and processes on a global basis; providing advisory expertise/guidance to key stakeholders (including reward and payroll, international mobility, HR advisory, tax and finance) on all matters relating to global employment taxes.

The role will be part of the Tax function but will work closely with the Global Head of Reward and the Head of Payroll.

Overall Responsibilities

• Primary responsibilities include:

• Advising on employment tax issues across the Marex Group

• E.g. tax related advice on employee share schemes, international mobility, T&E, and employment tax compliance
• Reviewing and advising on employment status for contractors and IR35 risk assessments.
• Advising on IFRS 2 implications and payroll tax requirements across all locations in connection with share vesting
• Providing technical input and advice for Finance, HR and payroll
• Leading on disclosure and remediation of tax issues
• Advising on employee communications relating to employment taxes
• Advising on cross border issues relating to income tax and social security
• Providing expert advice on Short Term Business Visitor compliance and ensure all reporting is submitted in a timely fashion.
• Consulting with the Head of Payroll on preparation and review of PSA reporting in the UK
• Advising on employment tax issues when setting up new office locations

• In each of the above areas, you will take a leading role in tax risk management and governance, including compliance with the senior accounting officer regime.
• Ability to proactively instigate process/control/governance change as required and see through to implementation.

• Involvement in a wide range of strategic tax advisory projects such as expanding the benefits platform and due diligence on transactions
• Providing internal ad hoc tax advice across the business including preparation of internal memos, training material and delivery of tax updates to key stakeholders

• Contribute to the management of the relationship with external advisors and communications with tax authorities, including resolving queries.

In addition to the above, you will need to:

• Ensure compliance with the company\'s regulatory requirements under the FCA or other relevant regulatory bodies
• 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
• 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.

Competencies

• Excellent verbal and written communication skills
• 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

Skills and Experience

• A qualified tax professional who has specialised in employment taxes with a financial services background (preferred), developed within practice or industry

• In depth UK and US personal tax knowledge required with a good understanding of European tax issues (especially France), double tax treaties, bilateral social security agreements, employee share schemes and cross-border mobility issues

• Strong financial background - demonstrated understanding of cost accounting principles
• Ability to maintain an in depth, up to date, knowledge of Employment taxation
• Specialist knowledge and the ability to deal with complex tax issues
• Advanced analytical skills
• A practical and commercial approach to problem solving, and the ability to communicate complex tax matters to both a tax and non-tax audience.
• Experience in the wider financial services arena
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this

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

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

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Marex