NewDeFi
London, GB2h ago
Marex
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
We are looking for the right talent with experience to oversee the physical trading businesses operating from Singapore.
Reporting into the Financial Director, The Finance Director – Physical Commodities will play a foundational role in supporting the growth of the Groups physical trading platform. This role goes beyond traditional financial control and is accountable for designing, implementing, and scaling the finance, reporting, and control framework required to support a growing physical business within Marex’s disciplined, risk‑light operating model, as well as the usual BAU control tasks.
The role will partner closely with front‑office physical traders, operations, risk, and Group Finance to ensure that new physical trading activity is launched with robust financial infrastructure from day one, while remaining scalable as volumes, products, and geographies expand.
In addition to operating within their core function, there will also be significant exposure to the wider finance and business departments.
This position is based in Singapore.
All employees are expected to understand and comply with any Sarbanes Oxley operational requirements relevant to their role.
Overall Responsibilities
Financial Leadership and Business Partnering
• Act as a senior finance partner to physical trading, origination, logistics, and operations teams.
• Provide commercial insight on pricing, margins, contract structures, and profitability by trade, desk, and commodity.
• Support strategic decision making, new product launches, new routes, and growth initiatives.
• Challenge trading performance constructively and ensure financial discipline.
Financial Control & Reporting
• Own end to end financial reporting for physical commodities, including daily trading P&L, month end close, management reporting, and statutory reporting.
• Ensure accurate accounting for physical inventories, in transit positions, cost accruals, demurrage, freight, storage, and insurance.
• Oversee valuation methodologies (mark to market / lower of cost or NRV as applicable) and ensure consistency and transparency.
• Ensure robust controls over journals, reconciliations, estimates, and close processes.
Working Capital, Inventory & Trade Finance
• Manage and optimize working capital, including inventory levels, receivables, payables, and prepayments.
• Oversee inventory financing structures, trade finance arrangements, letters of credit, and borrowing base reporting.
• Partner with treasury and banks to support funding for physical flows.
• Provide cash flow forecasting linked to physical movements and contractual terms.
Risk, Governance & Controls
• Partner with risk management to ensure positions, exposures, and P&L are accurately captured and reconciled.
• Ensure compliance with internal risk limits, accounting policies, and delegation frameworks.
• Support internal and external audits; act as a key contact for auditors on physical commodities matters.
• Ensure compliance with relevant accounting standards (IFRS / US GAAP) and regulatory requirements.
Systems, Process & Change
• Own finance aspects of ETRM/CTRM systems, inventory systems, and integrations with the general ledger.
• Drive automation, process improvement, and data quality across trading and operations workflows.
• Support system implementations, enhancements, and control remediation initiatives.
Team Leadership
• Lead, develop, and mentor a team of finance professionals supporting physical commodities.
• Set clear objectives, ensure appropriate resourcing, and build succession plans.
• Promote a strong control culture alongside commercial awareness.
• The Company may require you to carry out other duties from time to time
Standard Responsibilities
• Ensuring compliance with the company’s regulatory requirements.
• 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 Marex’s Code of Conduct.
• 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.
Competencies and Skills
• Qualified accountant (ACA / ACCA / CIMA / CPA or equivalent).
• Significant post qualification experience in physical commodity trading or merchanting (e.g. energy, metals, agriculture, softs, coal).
• Strong understanding of physical trading economics, inventory accounting, logistics costs, and trade finance.
• Experience partnering front office trading teams in a fast paced environment.
• Proven leadership experience managing finance teams.
• Strong systems experience, ideally with ETRM/CTRM platforms.
• Strong commercial mindset with the ability to challenge and support trading teams.
• Excellent technical accounting knowledge applied pragmatically.
• High attention to detail combined with the ability to see the “big picture.”
• Clear, confident communicator with senior stakeholders.
• Resilient, decisive, and comfortable operating in a high pressure trading environment.
• Strong hands-on systems skills encompassing intermediate-advanced MS Excel, MS Office
• Knowledge of Brady/Quor Fintrade, Ion Aspect or other CTRM systems would be a benefit
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this
• 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
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Skills and Experience
• Minimum of 10 years in a similar role.
• Qualified accountant (or equivalent) preferred but not essential depending on relevant experience
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
Company Values
Acting as a role model for the values of the Company:
Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients
Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders
Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.
Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.
Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves and our teams.
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 (where applicable)
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct
• Act to deliver good outcomes for customers