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 Market Making and Treasury Product Control team sits within the wider Product Control function reporting to the Deputy Chief Financial Officer within the Finance department.
For more information visit www.marex.com (http://www.marex.com)
Role Summary
A position for a Senior Product Controller with significant experience of Rates derivatives and Fixed Income products. The role is within the Market Making and Treasury Product Control team.
Will be responsible for the production and oversight of global NII P&L reporting, NII forecasting, and all reporting and analyses in respect of the global hedging programmes (CFH, FVH, NIH), plus monthly balance sheet substantiation and monthly and quarterly performance reporting and analyses.
Responsibilities
Preparation, analysis and reporting of daily NII P&L and accruals
Preparation of regular forecasts and commentaries
Ensuring hedged items and instruments in designated relationships are accurately captured and reported, and any ineffectiveness analysed and reported or remediated
Prepare reports for monthly Global Hedge Committee meetings
Prepare monthly balance sheet substantiation and reconciliation, ensuring all allocated accounts are fairly represented considering legal entity, completeness, valuation and balance sheet classification
Prepare analyses and commentary for quarterly returns and for notes to the statutory accounts
Build and maintain relationships with both key stakeholders both within Finance and across related functions including Treasury, FP&A, Risk and Operations
Improve efficiency and robustness of processes by understanding non/semi-automated processes, helping to design automated processes and deliver improvement working with relevant technology teams
Assist in internal and external audit activities
Ensure all Product Control activities are documented in sufficient detail and kept up to date
Ensuring compliance with the company's regulatory requirements under the FCA, NFA, AMF, AFM, MAS and any other relevant regulatory body.
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 and Marex'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.
Skills and Experience
A thorough understanding of Rates derivatives and Fixed Income products and markets, both in terms their valuation and their accounting representation
An understanding of the essentials of hedge accounting requirements (some experience specifically in a hedge focussed role would be beneficial but not essential)
ACA Qualified accountant (or equivalent)
In depth understanding of product control processes, systems and frameworks
Excellent attention to detail and problem-solving skills
Strong written and verbal communication skills
Ability and gravitas to interact with senior management and influence outcomes
Proficient in MS Excel and use of GL systems (ideally PeopleSoft) and FO/BO systems
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
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 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.
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