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 leading 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.
For more information visit www.marex.com
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.
We are seeking an experienced and driven Operational Risk professional who will play a crucial role in assisting the Firm in the oversight and management in all aspects of Operational Risk, with a focus on proactive risk management, and ensuring the identification, assessment, and mitigation of risks across all business functions.
The successful candidate will be responsible for continuously improving risk processes, owning risk registers, managing risk assessments, overseeing control effectiveness, and advising the business on decisions in relation to the operating environment as required for a reduction in operational risk.
You will promote a strong risk culture and drive engagement with key stakeholders across various business disciplines. This is a highly visible role that requires the development of successful, supportive relationships and the ability to work collaboratively with senior leadership and teams. The ideal candidate will be hands-on, proactive, and anticipatory, with a strong drive to deliver value and the ability to operate independently while influencing outcomes.
Responsibilities:
• Risk and Control Assessment: Facilitate risk and control assessments to identify potential risks and implement effective controls, validating remediation of operational risk exposure and related control gaps.
• Develop and evaluate the design and effectiveness of controls and provide timely and in-depth analysis to Senior Management. This includes challenging management actions to remediate control gaps or weaknesses and track through to closure. Ensure accurate reflection of risk and control information within Risk Registers by providing rigorous challenge where appropriate.
• Root Cause Analysis: Conduct root cause analysis of operational events and develop strategies to mitigate future risks.
• Manage and contribute to the process for evaluating and rectifying operational risk incidents, ensuring swift resolution of the incident and that client interest is central to the process, capturing root causes, lessons learnt, ensuring actions for future risk mitigation are implemented and relevance to other business areas or processes is considered.
• Governance: Lead risk management presence and content in governance forums, ensuring comprehensive oversight and identification of operational risk trends.
• Risk Reporting: Preparing and presenting detailed risk reports / dashboards / metrics to senior management and stakeholders, highlighting key risk areas and recommended actions.
• Trend Analysis: Identify and analyse operational risk trends to inform strategic decision-making.
• Continuous Improvement, providing thoughtful and collaborative leadership promoting risk transparency and business unit-level ownership and accountability over operational risk and control environments, fostering continuous improvement.
• Promoting Marex’s risk aware culture, serving as the subject matter expert on operational risk initiatives. Identifying, initiating, and fostering relationships with business and operational partners to promote a culture of continuous improvement, driving constructive communication with the ORM team.
• Daily management of Broker Losses and reporting to help drive down total value, volumes and learn lessons.
• Challenge requests for Risk Acceptance and provide regular review of action status until closure.
• Stakeholder at relevant regional risk governance Boards, Committees, and governance forums. Contribution to creation of Risk Committee reporting.
• Emerging risk scanning to identify disruptors in the external environment and losses which may lead to the identification of new risks.
• Ongoing development of the Operational Risk Framework and roll out of individual components.
• Practically maintaining strong relationships with second- and third-line assurance functions, actively participating in forums and promoting information sharing.
• Contribute to change initiatives by reviewing new proposals, assessing their impact on the existing environment, and offering guidance and constructive challenge as needed.
• Providing recommendations on go-live for change initiatives into BAU for management.
• Supporting the integration of New Business.
• Contributing to the design of scenario analysis for ICAAP and ICARA.
Skills and Experience:
• Demonstrable experience in operational risk management, enterprise risk management and/or related experience required; experience in the investment management industry preferred.
• Experience facilitating top-down and bottom-up risk assessments, focused on existing and emerging risk areas.
• Practical experience with Basel, COSO, ERM, risk and control self-assessment tools, methodologies and concepts.
• Outstanding verbal and written communication skills to work cross-functionally and at all levels internally.
• Proven capability in collecting and analysing complex data, evaluating information and systems and drawing logical conclusions.
• Track record in planning and project management and in maintaining composure under pressure while meeting deadlines.
• Strong skills in resolving problems and negotiating issues.
• Highly organized and able to manage multiple projects with differing priorities to meet deadlines.
• Experience in governance, risk, assurance, compliance, or internal control roles in Financial Services.
• Strong technical risk and control knowledge.
• Good knowledge of Framework methodology and practice.
• Confident working independently and remotely from your team members.
• Demonstratable knowledge of assurance, controls models and corporate governance frameworks.
• Applying sound judgment in the evaluation of risks and controls;
• Challenging the assumptions and conclusions of more experienced staff members;
• Facilitating insightful conversations to ensure appropriate consideration and evaluation of risks;
• Performing effective root cause analysis to identify control gaps and weaknesses and recommending appropriate corrective course of action;
• Collaborating with business managers to promote an effective risk management culture by proactively identifying areas of operational risk;
• Strong team worker and able to take initiative to scope and lead enhancement work;
• Effective report writing and oral communication skills, including the ability to communicate complex
If you’re forging a career in this area and are looking for your next step, get in touch!
Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.
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