Structured Deal Review Controller

Marex

  • London
  • Permanent
  • Full-time
  • 22 days ago
About MarexMarex 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.For more information visitRole SummaryThe purpose of this role is to perform structured deal reviews, and collaborate with Trading, Product Control and Market risk to ensure trades are fully validated. This role will also be involved in several projects to establish this newly created function.Overview of DepartmentThe structured deal review team form part of the Finance division, which is dedicated to the Solutions Business. The Solutions business specialises in the manufacture and distribution of customised derivative products.Overall Responsibilities
  • Verify all non-standardised bookings (Trade date +1 and Settlement date -1), per policy and prioritisation mechanism taking into factors like exposures and upcoming observation dates, where necessary
  • Escalate any unverified non-standard transactions, ensuring MI is updated to track progress and review.
  • Coordinate any corrections/ amendments with the Solutions Middle Office, Trade Origination, Risk, Legal and Product Controllers Teams
  • Identify enhancements to the existing product representations, documentation, and reconciliation to achieve greater accuracy and improve the processing of non-standardised products in coordination with the COO team.
  • Endeavour to increase the ratio of standardised to non-standardised products in coordination with COO team/Trade Origination team.
  • Identify approximately booked trades and escalate the trades to the relevant Control department to review.
  • Involvement in testing new non-standardised products
  • Identify risks and escalate appropriately.
  • Opportunities to be involved and drive change within the Structured Deal review control function.
  • 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 [UK only] /Marex's Code of Conduct [non-UK]
  • 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 ExperienceCompetencies
  • 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.
Skills and Experience
  • Deep understanding of Structured Equity Derivatives essential, the associated documentation, and their payoff profiles. Commodities experience is beneficial but not essential.
  • 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
  • Proficient in MS office (Excel) and FO/BO systems (e.g. ICE 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.
  • Excellent verbal and written communication skills
Company ValuesActing 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 RulesYou 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.
Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

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