Structured Review 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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The 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.

The 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.

• 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 elevate 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 elevate 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.

• 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.

• 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…