Product Controller (VN3262)

Marex Spectron • $120K — $145K *

New York, NY 10025In-Person

Finance & Insurance

5 - 7 years of experience

Today

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Job Overview by Ladders

Qualifications

Minimum 7 years of accounting experience in a FINRA broker-dealer or bank trading operation.
Bachelor's degree in Accounting, Finance, or Programming.
Strong Excel skills; knowledge of Microsoft Access, SQL, and Python is a plus.
Experience with trading desks and applications like Broadridge and Pershing.
General knowledge of financial products including fixed income, equities, and derivatives.
Organized and process-oriented with documentation skills.
Excellent verbal and written communication skills.

Responsibilities

Oversee daily P&L reporting for various Capital Markets products.
Ensure data integrity in sub-ledger system reconciliations.
Manage static data across multiple system interfaces for accuracy.
Prepare month-end accruals related to broker-dealer activities.
Monitor daily expense accruals based on financial products.
Identify trade breaks and prepare journal entries for discrepancies.
Reconcile the General Ledger to sub-ledgers and investigate variances.

Benefits

Collaborative work environment with various business units.
Opportunity to act as a trusted business partner.
Engagement in high-level financial reporting and analysis.
Exposure to regulatory compliance and risk management processes.
Potential for professional growth in a fast-paced setting.

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Full Job Description

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

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

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About Marex Spectron

Marex Spectron is a leading global commodities broker that provides a range of services to clients in the energy, metals, agriculture, and financial markets. The company offers a wide range of trading and hedging solutions, as well as market intelligence and research. Marex Spectron has a global presence, with offices in Europe, Asia, and North America. The company was formed in 2011 through the merger of Marex Financial and Spectron Group, and is headquartered in London, UK.

Learn more about Marex Spectron

Size

700 employees

Industry

Finance & Insurance

Founded

2005

* Ladders Estimates

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