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New York, NY
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Role Summary
The 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 Product Controller will act as a trusted business partner, this role will involve collaborating closely with various business units to ensure accurate financial control and reporting.
Responsibilities
Oversee the daily PnL reporting 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.
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.
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.
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 Operations 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
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.
Competencies and Experience
Minimum 7 years of accounting experience at a reputable FINRA broker-dealer or bank trading operation.
Bachelor’s degree in Accounting/Finance/Programming
Strong 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
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.
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 (where applicable)
- Pay due regard to the interests of customers and treat them fairly
- Observe proper standard of market conduct
Job description provided by Marex.
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