Senior Product Controller - Capital Markets

Diversified. Resilient. Dynamic.

Marex is a 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.

With more than 35 offices around the globe, and over 2,300 dedicated people enabling access to exchanges and technology-powered services.

For more information visit www.marex.com

Purpose of Role:

The Senior Product Controller is responsible for supporting the US Capital Markets businesses of Marex. This position is responsible for managing the production of P&L reporting and analysis, monthly balance sheet substantiation, reporting and analysis. The senior Product Controller will provide effective oversight of revenues, including trading, commission income, costs including costs of trading (CoT) and bonus calculations. Acting as a trusted business partner, this role will involve collaborating closely with various business units to ensure accurate financial control and reporting.

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.

Responsibilities:

• Oversee the product control team for Capital Markets products, including equity swaps, repos, stock loans, corporate bonds, equities, and options.
•  Ensure data integrity in the sub-ledger system reconciliation process.
•  Manage static data for multiple system interfaces, ensuring accuracy across all platforms.
  
• Develop and maintain an automated process for accounting accruals, estimating direct expenses, and allocating costs to trading desks.
• Prepare month-end accruals related to broker-dealer activities.
• Monitor daily expense accruals based on various cost drivers and financial products.
• Identify trade breaks and prepare journal entries to accurately adjust any discrepancies.
• Reconcile the General Ledger to sub-ledgers, investigate variances, and implement corrective actions.
• Automate and maintain daily financial reporting on regulatory capital and working capital usage.
• Identify and address data quality issues, including position breaks and pricing discrepancies.
• Develop and maintain the monthly payout calculation process for the broker-dealer desk.
• Calculate trader/desk performance compensation estimates for specific broker-dealer business units.
• Oversee reporting on funding and liquidity management, working capital, and other financial impacts for the broker-dealer business units.
• Adapt quickly to ensure accurate daily reporting to senior management.
• Manage ad-hoc reporting and performance analysis for broker-dealer business units.
• Provide support and perform research to address inquiries regarding desk performance.
• Approve broker-dealer balance sheet reconciliations between source systems, third-party data, and the general ledger.
• Support interactions with front-office personnel and desk managers to ensure smooth operations and accurate financial reporting. Work closely with Operations, Out-sourced back-office Operations, and Treasury Operation to facilitate financial reporting and controls.
• Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
• 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 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.
    

The Company may require you to carry out other duties from time to time.

Competencies, Skills and Experience:

Competencies

• 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.

Experience:

• At least seven (7)years of accounting experience at a reputable FINRA broker-dealer or bank trading operation.
• Bachelor’s degree in Accounting/Finance/Programming is required.
  
• Advanced Excel skills (Microsoft Access, SQL Python, and related database skills is a plus).
• Experience interacting with trading desks and working with Broadridge and Pershing application
• General knowledge of financial products i.e. fixed income (ABS/MBS, Corporate Bonds, TBA’s, repo), Equity, Equity Options, Securities Lending, and Derivatives.
• Organized, process oriented, and capable of defining and documenting process and procedure.
• Excellent verbal and written communication skills.
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Salary Range: $200,000 to $225,000 per year plus discretionary bonus

Marex Benefits for 2025

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.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.
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