Product Controller (VN3262)

Marex•New York, NY

12d

About The Position

The Product Controller supports Marex’s US Capital Markets businesses by managing the production and analysis of profit and loss reporting and monthly balance sheet substantiation. The role partners with business units to support accurate financial control and reporting across broker-dealer activities and Capital Markets products. The position also supports regulatory and working-capital reporting, reconciliations, data integrity, expense and month-end accruals, performance analysis, and inquiries from trading desks and business units. It works closely with front-office personnel, desk managers, Operations, outsourced back-office Operations, and Treasury Operations. The Product Controller is expected to comply with applicable regulatory requirements, company policies, risk controls, and Marex’s Code of Conduct.

Requirements

Minimum 7 years of accounting experience at a reputable FINRA broker-dealer or bank trading operation.
Bachelor’s degree in accounting or finance.
Strong Excel skills.
Experience interacting with trading desks.
Experience working with Broadridge and Pershing applications.
General knowledge of financial products, including fixed income (ABS/MBS, corporate bonds, TBA’s, and repo), equities, equity options, securities lending, and derivatives.
Organized and process-oriented, with the ability to define and document processes and procedures.
Excellent verbal and written communication skills.
Experience working in a regulated environment and knowledge of associated risk and compliance requirements.
Curiosity and resilience in a challenging, fast-paced environment.
Ability to take significant responsibility in a fast-paced, high-volume environment.
Ability to build relationships, network, and influence others.
Ability to collaborate strategically, anticipate future challenges, and support operational effectiveness.

Nice To Haves

Microsoft Access, SQL, Python, and related database skills.

Responsibilities

Oversee daily P&L 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 across multiple system interfaces and ensure its accuracy.
Prepare month-end accruals related to broker-dealer activities.
Monitor daily expense accruals based on cost drivers and financial products.
Identify trade breaks and prepare journal entries to adjust 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.
Maintain accurate daily reporting for senior management while adapting to changing needs.
Manage ad-hoc reporting and performance analysis for broker-dealer business units.
Research and respond to inquiries regarding desk performance.
Support interactions with front-office personnel and desk managers to facilitate operations and accurate financial reporting.
Work with Operations, outsourced back-office Operations, and Treasury Operations on financial reporting and controls.
Ensure compliance with applicable requirements under the SEC, FINRA, NFA, CFTC, and other relevant exchanges.
Follow the operational risk framework and comply with regulatory and company-determined parameters.
Comply with Marex’s Code of Conduct, internal policies, and company values, and report policy breaches as required.
Escalate risk events immediately and contribute to risk-management processes as required.
Carry out other duties as required by the Company.