Graduate Trainee - Finance

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 2,400 employees across Europe, Asia-Pacific and the Americas. For more information visit www.marex.com.

Marex Graduate Programme

Embark on a transformative journey with Marex's Full-Time Graduate Programme - an experience tailored to empower and support Analysts. Dive into the 'Backpack to Briefcase' bootcamp, unveiling the intricacies of financial services, Marex's purpose, and strategic priorities. Join your team post-bootcamp, fostering connections through continuous training.

Learn, grow, and expand your network through a diverse array of sessions fast-tracking your understanding of Marex and the industry. Engage in workshops covering behavioural, cognitive skills, technical understanding, and business awareness, nurturing your professional development.

Throughout the programme, seize the opportunity to attend informal insight events and a lunch and learn series hosted by senior Marex Leaders. Gain exposure, ask questions, and gain real insights into the business from influential figures.

From day one, connect with a network of fellow graduates. Attend training and events together, creating bonds with those sharing your journey. Join Marex, where your passions align with purpose, and your strengths converge with our values.

Marex Finance Graduate Stream

As a Finance Graduate, you will be working within Group Finance and will have the opportunity to rotate through three departments over the course of three years ; gaining valuable experience of the different functions and developing key skills for a future career within Finance. Subject to performance and personal preference and circumstances, international rotation opportunities may be explored.

Over the course of the three-year Finance programme you will be supported to become qualified Chartered Accountant through the ICAEW – a gold standard professional Finance Qualification that is globally recognised and funded by Marex.

You will be part of the broader Marex Graduate Programme where you will have the opportunity to expand your business knowledge, network and connect with other Graduates from across the Marex business.

Skills and Experience

• A degree or equivalent in a Finance related subject, coupled with a strong academic track record.
• IT literate with a good knowledge of Microsoft Excel.
• Strong problem solving skills.
• Strong analytical skills.
• Able to work as part of a team but also be self-motivated.

Competencies

• Excellent verbal and written communication skills.
• A collaborative team player, approachable, self-efficient and influences a positive work environment.
• Demonstrates curiosity.
• Resilient in a challenging, fast-paced environment.
• Excels at building relationships, networking and influencing others.

Overall Responsibilities

As a Graduate, you will start by learning the fundamentals on the job and build your experience over time so that can take on the following responsibilities:

Product Control

Product Control is a global team within the Finance department and is responsible for the production of the daily and monthly income statements, balance sheet substantiation and ad hoc financial analysis.

Due to the growth of the firm, system integration and process improvement is a regular part of the responsibilities.

• Assist in the production and analysis of regular management reporting to include:
• Daily revenue and profit summaries
• Month end revenue reporting and analysis
• Balance sheet reconciliations
• Assist with analysis required by trading staff and business management
• Building relationships with internal stakeholders both within Finance and other functions
• Assist in internal and external audit activities
• Contribute to ad hoc project work which will include acquisition integration, change programs and management analysis

Treasury

Assist in the production and analysis of regular MI including:

• Daily Liquidity Report (including Sources and Uses of liquidity, and stress testing MI) used to monitor entity level and Group liquidity
• Other regular liquidity MI, including FX exposures, summary of cash held across the Group’s various relationship banks, estimate of intra­day IM/VM changes at Exchanges
• Monthly summary of Treasury department's performance against Risk Appetite metrics
• Assist the wider Treasury team to improve/automate treasury processes by analysing non/semi-automated processes and deliver improvements
• Assist with in the allocations process of transferring funding costs to business areas
• Assist the wider Treasury team in investment optimisation, managing the net interest margin on the firms Liquid Resources and firm funding sources
• Assist in production of liquidity Ml for both internal and external audiences.
• Assist in the development of new Ml as required by Treasurer/ CEO/ CFO
• Assist in internal and external audit activities
• Ad hoc project work

Legal Entity Control

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 support the Legal Entity Control function and ensure the integrity of the Group’s financial reporting.

• Preparation of annual financial statements for all active entities audited through Deloitte London and under various accounting standards (IFRS, UK 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;
• Ensure controls and processes are properly documented and operating;
• 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;
• Preparation of monthly management reports, providing information to Treasury and FP&A in support of quarterly Board meetings;
• Work closely within the Finance Team: Product Control, FP&A, Regulatory, Tax, Strategy and Treasury as well as US and APAC regions;
• Involvement in developing, re-engineering 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;
• Other ad hoc finance duties as required

Tax

• Assisting the Head of Tax Compliance, Reporting & Transformation, and the Corporate Tax Manager with the preparation of the global tax computations and returns for the group. This will include working closely with Marex Group Finance and our Big 4 global tax compliance provider.
• Assisting with the monthly/quarterly/year-end tax reporting process, including effective tax rate calculation, identification of material adjustments to profit, preparation of tax notes and disclosures within the statutory accounts and liaising with the Group’s auditors on tax related queries.
• Assisting the VAT Manager with the preparation of the UK and other global VAT and GST returns, including working closely with accounts payable and our Big 4 global tax compliance provider.
• Assisting the Head of Capital Markets Tax in responding to tax queries received from the global business including items of business change and expansion. To include liaising with external advisors as required.
• Tax technical research based on legislation, case law and HMRC manuals.
• Assist in the identification of opportunities to increase efficiency, including, but not limited to, the use of tax technology resources.
• Assisting in dealing with any HMRC enquiries or tax audits initiated by any other global tax authority.

Standard Responsibilities

• Ensuring compliance with the company’s regulatory requirements under the FCA.
• Adhering to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
• Being a 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.
• Ensuring 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.
• Reporting any breaches of policy to Compliance and/ or your supervisor as required.
• Escalating risk events immediately.
• Providing input to risk management processes, as required.

The Company may require you to carry out other duties from time to time

Company Values

Acting 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 Rules

You must:

• Act with integrity
• Act with due skill, care and diligence
• Be open and cooperative with the FCA, the PRA and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct
• Act to deliver good outcomes for retail customers

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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