Valuation Controller

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.

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We are seeking an outstanding candidate to work within the Valuation control team across several asset classes, Equities, Commodities, Crypto, FX and Fund Derivatives.

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

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

The Finance department is a key function with responsibility for reporting the financial results and maintaining a robust controls environment over financial reporting which covers multiple stakeholders from internal management, auditors and regulators.

The Valuations team will be based in London with responsibilities across the Group.

Responsibilities:

• Perform IPV monthly across various asset classes. Prepare results, communicate to traders and be able to challenge traders on any significant impacts. Prepare IPV packs for management discussion on IPV results.
• Calculate Fair value adjustments (CVA, DVA, Bid/Offer).
• Refresh Bid offer spreads on all risk factors.
• Work on helping build the Valuation infrastructure across the group. This will require working with various stakeholders to assess risk, document risk gaps and build automated solutions to address any gaps.
• Work on various projects within the team, Marex is an evolving firm and requires ability to integrate new business.
• 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.
• Ensuring compliance with the company's regulatory requirements under the FCA.
• 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 the FCA'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.

Sarbanes Oxley (SOX) Responsibilities:

• Be responsible for maintaining the internal control assigned to you in compliance with Sarbanes Oxley
• Day-to-day implementation, monitoring, and verification of internal controls designed to mitigate financial reporting risks and ensure SOX compliance.
• Implement and Maintain Controls: This involves ensuring that internal controls are designed, documented, and implemented effectively to address identified financial reporting risks.
• Monitor and Test Controls: Regularly assess the effectiveness of controls through testing and monitoring to ensure they are operating as designed and remain effective over time.
• Assist with internal quarterly reporting as applicable.
• Duties include ensuring appropriate systems and controls are in place for reporting and compliance under SOX

Skills & Experience:

• Good understanding of Structured Derivatives essential, preferably Structured Equities.
• Good understanding of Commodity underlyings.
• Ability to collaborate with Management, Front Office, Legal, Operations and Risk.
• Ability to pinpoint root cause issues and work with tight deadlines.
• Proven analytics and investigation skills.
• Proficient in MS office (Excel) and FO/BO systems (e.g. ICE/Sophis preferred, but not essential)
• Process optimisation or change experience (preferred, but not essential).
• Experience in Python / SQL or Alteryx (preferred, but not essential).
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Competencies:

• Excellent communication skills.
• 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.
• Attention to detail.

If you're forging a career in this area and are looking for your next step, get in touch!

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.

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