Legal Entity Controller

2 weeks ago


London, Greater London, United Kingdom Marex Full time

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.


The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution.

It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022.

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.


Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years.

Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

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.


Role Summary
The Legal Entity Control team work on a range of projects, regulatory and statutory reporting and control functions.

The team is charged with ensuring the Group meets the financial control and reporting obligations of a global and regulated Group to listed company standards.


The purpose of this role is to be a key member of existing Legal Entity Control function and ensure the integrity of the Group's entity's financial information, facilitate the Group's consolidation and offer analytical support.


The LEC Team is part of the Marex Finance Team, which is part of the Control and Support functions of Marex.


Overall Responsibilities

  • Ensuring compliance with the company's authorisation 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

Specific duties:

The major duties / deliverables of Legal Entity Control team for which the Head of LEC would be responsible are:

  • Preparation of annual financial statements for all active entities audited through Deloitte London and under various accounting standards (IFRS, US GAAP, Singapore GAAP, Hong Kong GAAP);
  • Preparation of monthly analytical reviews of all legal entities focusing on income statement and balance sheet;
  • Preparation of quarterly management accounts to external stakeholders (Primary Statements);
  • Support the monthly close process, including elimination and consolidation process at a Group level;
  • Documenting of processes and controls in LEC area of operation;
  • Preparation of monthly transfer pricing calculations and subsequent reporting;
  • Support the Balance Sheet Substantiation process and review and challenge balance sheet reconciliations;
  • Support legal entity initiatives within the Group (including acquisitions) and involvement in projects impacting the legal entities; and
  • Preparation of monthly management reports, including Board meetings;
  • Ensure controls and processes are properly documented and operating;
  • Work closely within the

Finance Team:
Product Control, FP&A, Regulatory, Tax, Strategy and Treasury;

  • Involvement in developing, reengineering and improving existing processes through exposure to key Group projects;
  • Manage ad hoc inquiries from external auditors;
  • Preparation of technical accounting papers for external auditors;

Skills and Experience

  • Big 4 experience is preferable qualified accountant trained under IFRS
  • Experience in preparation of audited financial statements under IFRS
  • Strong analytical, organisation and documentation skills
  • Intermediate/Advances Excel skills
  • Strong verbal and communication skills
  • Background in financial services is preferable
  • Proven track record of delivering in your roles and on large projects
  • Experience in working as part of a team in a fastpaced environment

Competencies

  • Act Professionally at all times
  • Strive for improvement, challenge the status quo
  • Team worker as well as being able to act on own initiative
  • Resilient in a challenging, fastpaced environment
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
  • 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
  • Report any breaches of policy to Compliance and/ or your supervisor as required
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