Product Controller - Executive

Macquarie Group
London, United Kingdom
02 May 2023
27 May 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Product Control Group, within the Finance department, is responsible for understanding, substantiating, and controlling the revenue recognition of the trading business with a specific focus on the balance sheet and income statement. The Product Control group does this through daily review of P&L attribution, reserves & adjustments, review of front to back reconciliations, new trade reviews in conjunction with new trade/desk level risk oversight, and ensures a firm understanding on the drivers of P&L to produce accurate daily and period to date reporting & analysis

We are seeking a Product Controller to support our global Commodities Markets & Finance businesses based in London. The Commodities Markets & Finance group provides clients with risk and capital solutions across physical and financial markets.

The Financial Management Group provides financial, tax and treasury services to all areas of Macquarie. The group is focused on three key outcomes:
  • Managing the Macquarie balance sheet and profit and loss optimally and strategically
  • Adding value to Macquarie's senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
  • Ensuring Macquarie continues to meet the obligations within its regulatory and compliance framework.

The Commodities Markets and Finance is a global business with operations across North America, Australia, Europe, and Asia. The Division provides tailored risk management solutions to an international client base through over-the-counter derivatives and physical commodities. For this role specifically in the London based PC team that will include Agricultural Commodities, Base and Precious Metals, Bulks as well as Energy products across European Power and Gas, Carbon, and LNG.

Key responsibilities include:
  • Partnering with traders regarding risk, trading strategies and valuation impacts on P&L and balance sheet including participating in front office projects.
  • P&L explain - attribution, analysis, and commentary on a daily and a period to date basis.
  • New business support & oversight, including new deal write-ups, structured trade reviews.
  • Regular interaction with offshore team based in Gurugram, India and Jacksonville, FL. who produce the daily P&Ls, key reconciliations and who run the month end process. Key responsibility to link the daily P&L and financial controls to the risk/valuation oversight of traders.
  • Maintain strong internal relationships with the front office, risk, operations, financial control and other Finance Management Group teams.
  • Review Reserves and the independent Price Testing process
  • Proactively seek client feedback to further improve service level standards.
  • Ensure compliance with all Macquarie financial policies and processes.
  • Emphasis on ongoing process and system improvements

Requirements for this role include:
  • ~4 year's relevant Product Control, Market Risk, Price testing/Valuation industry experience
  • Qualified ACCA/ACA/CIMA beneficial
  • Strong background in financial markets and trading businesses required.
  • Experience with commodities products and physical commodities required.
  • Strong numerical and analytical skills with background in or interest in coding & data analytics.
  • Strong client service skills, and control/risk awareness
  • Strong sense of accountability and ownership of key deliverables
  • High level of energy, commitment, and flexibility
  • Continuous focus on qualitative improvements to teamwork, to ensure the highest quality work is delivered
  • Comfortable tackling new concepts and ideas associated with on-going change in the business.

If this sounds like you and you're looking for your next challenge, please apply online now or visit to learn more.

About the Financial Management Group

In our Financial Management Group you will be part of a team that provides strategic analysis and advice on capital, funding, liquidity, tax and financial performance to support the growth of Macquarie's businesses around the world. You will join a team that ensures Macquarie continues to meet its financial, regulatory and tax reporting compliance obligations in the jurisdictions in which we operate, and a team that maintains significant relationships on behalf of the Group.

Our commitment to Diversity, Equity and Inclusion

The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.

As an inclusive employer, Macquarie does not discriminate on the grounds of age, disability, sex, sexual orientation, gender identity or expression, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.

Joining Macquarie means you'll be able to work in a way that suits you best. With the right technology, support and resources, our people can work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.
  • You need to sign in to save