Product Controller - Clearing and Energy Execution

Marex, City of Westminster

Product Controller - Clearing and Energy Execution

Salary not available. View on company website.

Marex, City of Westminster

  • Full time
  • Permanent
  • Onsite working

Posted today, 22 Nov | Get your application in now to be one of the first to apply.

Closing date: Closing date not specified

job Ref: 2466be333b0e4983a61b52862fdbbdf0

Full Job Description

We are looking for an experienced Product Controller to join us supporting the Clearing and Energy execution Product Control team. The successful candidate will be responsible for production and review of daily desk P&Ls and commentaries, monthly balance sheet substantiation and review, monthly and quarterly performance reporting and analysis. They will also provide effective control of revenues and costs, including commission income, interest analysis and cost of trading (COT) and bonus calculations. Responsibilities

  • Ownership of daily P&L, related controls, month end close processes for clearing and brokerage business. This includes controls around cost of trades, desk bonuses and analysis of expenses.
  • Build and maintain relationships with both Front Office and other control areas including Risk, Treasury, FP&A, Tax and Operations and gain commercial understanding of the relevant businesses and their operational processes.
  • Prepare and review monthly bonus calculations for relevant profit centres, obtain sign off from respective desks and Finance management and submit to HR by payroll cut-off date
  • Prepare or review balance sheet substantiation ensuring all allocated accounts are fairly represented considering legal entity, completeness, valuation and balance sheet classification
  • Production of periodic MI and commentaries for senior management.
  • Improve / automate Product Control processes by understanding non / semi-automated processes, designing automated processes and deliver improvement working with relevant technology teams.
  • Assist in internal and external audit activities.
  • Onboard new desks and help with their integration onto Marex systems.
  • Ensure all Product Control activities are documented in sufficient detail and are always kept up to date.

    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, ACA Qualified accountant (or equivalent) with 5PQE+ qualified experience
  • In depth understanding of product control processes, systems and frameworks
  • Excellent team player
  • Good attention to detail and problem solving skills
  • Analytical and accounting skills
  • Good written and verbal communication skills
  • Ability to interact with senior management and Front Office staff
  • 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.
  • 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 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., 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. candidates with experience outside of this range will still be considered