Product Control Intern Marex Solutions

About Marex

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 Finance function at Marex is responsible for reviewing and reporting fair value inventory consistently across all asset classes.

For more information visit https://www.marex.com/

Role Summary

We are seeking an outstanding candidate to work within the Product control team of Marex Solutions, covering several asset classes: Equities, Commodities, Crypto, FX, Fund Derivatives and more.

This role will also play a key role in driving Finance transformation and change, in line with the overall Marex transformation agenda.

Responsibilities

• Perform Daily P&L Production for various asset classes. Prepare results, including Risk based analysis, communicate to traders and be able to challenge on any significant disputes. Prepare P&L proforma information.
• In depth analysis of Funding, Sales credits and Risk based P&L (incl Greeks). Calculate Fair value adjustments (CVA, DVA, Bid/Offer).
• Build out and run the daily FOBO process ensuring front office trades and cash flows are correctly represented in the firms books and records (ledgers).

Work on helping build the P&L process for the Solutions business. This will require working with various stakeholders to assess risk, document risk gaps and build automated solutions to address any gaps.

Understand the end to end control environment working with Operations and Trading to identify Control weaknesses and work collaboratively to solve. This could be across the balance sheet, P&L, Sales credits or reporting disclosures.

Work on various product initiatives within the team, Marex is an evolving firm and requires ability to integrate new products, business lines, systems into the reporting environment

The position comes with a strong project focus and the candidate will be a key contributor to identifying opportunities and delivering process and transformation improvements.

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.

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.

Assist the firm in adhering to SOX compliance guidelines, designing and implementing best practice controls.

Working with external audit to ensure Marex is successfully audited both at year-end and across the year through ad-hoc requests and reviews before earnings releases.

To escalate risk events immediately.

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

Competencies, Skills and Experience

Competencies:

• A collaborative team player, approachable, self-efficient and influences a positive work environment.

Demonstrates curiosity and attention to detail.

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:

• Good understanding of Capital markets and Structured products such as Notes, will be helpful and broad appreciation for how Solutions products benefit our clients.
• Excellent communication skills.
• Ability to collaborate with Management, Front Office, Legal, Operations and Risk.
• Ability to pinpoint root cause issues.
• Ability to work with tight deadlines.
• Proven analytics and investigation skills.
• Ideally proficient in MS office (Excel) and comparing and analysing data sets.
• Excellent verbal and written communication skills.
• Process optimisation or change experience (preferred, but not essential).
• Experience in Python / SQL or Alteryx (preferred, but not essential).

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

Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients

Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders

Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.

Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.

Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves, and our teams.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company.  We welcome applications from candidates returning to the workforce.  Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.