Compensation Controller
- New York City, NY
- $120,000-150,000 per year
- Permanent
- Full-time
- Owner of accounting policies relating to employee expenses (IFRS2, IFRS7/IAS19 and US GAAP equivalents). Work with accounting policy owner to agreed interpretation and financial controllers to agree implementation.
- Owner of chart of accounts for employee expenses.
- Variable pay accrual process owner for both current year awards and prior year deferred awards.
- Group SOX process owner for variable pay and deferred equity, ensure compliance within the group and by service providers.
- Work with HR to review employee expenses and provide reporting to allow monitoring
- Linking salary expenses to headcount reporting.
- Sizing the variable pay pool to meet business performance.
- Reviewing other employee benefits with HR to ensure all costs are captured accurately.
- Forecasting of employee expenses by business (fixed pay, variable pay, employer taxes, recruiting incentives, severance and other benefits)
- Providing guidelines and templates for AOP process.
- Partner with tax to ensure process guidelines and chart of accounts allow for accurate tax reporting.
- Provide scenario analysis for stress testing
- Undertaking an on-going review of processes relating to compensation reporting with a specific focus on the determination and reporting of front office bonuses.
- Preparing reports on compensation expense, by business/function/region/country as requested
- Identify opportunities to make efficiencies to the management of compensation expense and offer solutions to issues that arise.
- Supporting the Deputy Chief Financial Officer and the Chief Financial Officer on assessing the financial reporting and cost impact of new compensation initiatives and new benefits that may be developed from time to time.
- Ensuring compliance with the company's regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
- 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.
- 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 other
- Ability to communicate effectively and professionally, both orally and in writing, with all organizational levels.
- Ability to organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
- Bachelor's degree in accounting or finance or related field.
- A subject matter expert and proven track record of developing a compensation control framework suitable for a growing business.
- The position requires an individual who is proficient at working in a fast-paced environment.
- Experience delivering companywide compensation expense analysis.
- Experience working within financial institutions in a mid-senior Finance role.
- Extensive cost accounting knowledge including as it relates to incentive compensation.
- Able to problem solve and demonstrate operational as well as strategic skill.
- Confident in challenging the status quo.
- Self-motivated and resilient – thrives within a high-pressure environment where there is constant change.
- Demonstrates curiosity by listening and asking to inspire innovation.
- Excellent numerical, written and verbal communication skill.
- Excellent business acumen.
- Proven stakeholder management experience as a commercial, credible and assertive subject matter expert with ability to influence at all levels
- Experience of portraying complex issues and problem-solving initiatives in a 'user friendly' format, together with supporting processes and procedures
- Experience of building trusted relationships across the business
- Approachable, resilient, and able to juggle multiple competing priorities
– 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.Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.#LI-PP1