About Marex
Marex Group plc is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. It listed on Nasdaq Global Select Market in April 2024. With more than 35 offices in Europe, US and APAC, it 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.
For more information visit www.marex.com
Role Summary
Recent company acquisition activities have led to the need to create a dedicated role within the Supplier Management team at Marex. This role will lead and manage the integration of Supplier relationships, contracts and processes following a company Acquisitions. The role ensures that the Acquired company’s supplier base is aligned with the Marex policies, procedures and operational goals, minimizing disruption and maximizing integration & cost reductions and optimizing supplier chain performance.
This role at Marex would see ownership of supplier management, outsourcing and Suppliers risk management across the Marex Group.
Overall responsibilities:
Supplier Integration Strategy and Planning
- For each acquisition develop and execute a comprehensive supplier integration plan that aligns with the Strategies teams corporate objectives.
- Working with stakeholders, identify and assess key suppliers from each acquired company to determine strategic importance and alignment.
- Establish timelines. milestones, and performance metrics for supplier integration.
Supplier Integration & Relationship Management;
- Develop and execute a supplier integration plan that ensures minimal disruption to operations
- Assess and consolidate supplier based, identifying redundancies and opportunities for cost optimization.
- Evaluate existing supplier contracts for both entities to identify gaps, risks and synergies
- Lead renegotiation or consolidation for suppler agreement to align with our Strategy.
Process Alignment & Optimization.
- Align procurement processes, systems, and policies between the acquiring and acquired organizations.
- Identity and implement best practices to standardize Supplier Management across the combined entities.
- Collaborate with cross functional teams to ensure alignment with Supplier Management finance and legal.
- Develop and implement supplier performance metrics and governance framework to ensure quality compliance and services continuity
Supplier Assessment and Rationalization.
- Work with Risk Owners across Marex and design and operate a proportionate DD and risk assessment process for inherited suppliers.
- Identify redundancies and opportunities for Supplier consolidation or renegotiation of contracts.
- Collaborate with Service Owners, legal and finance to assess and prioritize supplier relationships.
Cost Optimization & Savings.
- Identify cost-saving opportunities through supplier consolidation, renegotiations, and improved supplier management processes
- Track and report on realized synergies and costs savings following supplier integration
- Drive continuous improvement initiatives to enhance supplier value and reduce total cost of ownership.
Skills and Experience
- Possess knowledge and practical experience in Suppliers Risk systems and associated framework implementation
- Have experience of Supplier negotiations and Supplier performance management
- Demonstrate practical experience in implementing a comprehensive top-level oversight of monitoring frameworks for Suppliers
- Possess detailed and in-depth knowledge of industry regulations and guidelines including outsourcing and operational resilience requirements.
- Have experience of working in a regulated industry (minimum 5 years)
- Knowledge of Procure to Pay (P2P), particularly in a financial services environment
- Familiar with supplier management systems
- Experience working in a regulated environment with knowledge of risk and compliance requirements associated with this.
- Have experience of working within a three lines of defense organisation structure.
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
- Ability to take a high level of responsibility in a fast pace and high-volume environment
- Excels at building relationships, networking and influencing others
- Focused and diligent. Attention to detail always.
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
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.
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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