About Marex
Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. 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. With more than 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas.
For more information visit https://www.marex.com/
Role Summary
The Regional Operational Risk and Control Manager plays a critical role in ensuring the internal controls processes are consistent across Marex, with a primary focus on the EMEA region. The role also ensures adherence to Group policies, regulatory requirements, and best practices across the region. The role holder works closely with the Operational Risk. The role places particular emphasis on effective risk assessment, governance, and continuous improvement of the control environment.
Responsibilities
Regional Operational Risk Management
- Regional risk oversight for all local operational risk matters and responsible for embedding good risk culture at Marex in collaboration with Group Operational Risk.
- Ensure processes, controls and risks are appropriately identified and assessment and follow up mitigation actions.
- Monitor changes in internal/external risk environment and maintain an up-to-date risk register aligned with Marex’s strategic objectives.
- Perform root cause analysis for operational risk events.
- Ensure compliance with any relevant procedures and Group policies.
- Conduct and collaborate with Group Operational Risk on the performance of the Risk Control Self-Assessment. Prepare any associated documentation, responding to audit findings, and supporting the implementation of corrective actions.
- Participate in the production of regulatory reporting on behalf of Risk.
- Ensure timely and accurate submissions in line with local regulatory expectations.
- Provide guidance and training to local teams on internal control procedures and compliance to local regulation on internal control including the development of the regional RCSAs
- Participate in the various projects that the team will be asked to lead or in which it is involved.
Risk and Internal Controls Assessment
- Maintain and develop the regional Risk Control Self-Assessment (RCSA) in the GRC tool
- Ensure that the processes, the risks, and the controls are up to date, including periodic refresh cycles and updates following structural, regulatory, or operational changes.
- Propose framework enhancements to support regional requirement and lead on implementation
- Propose enhancement to localised processes and regional control environments
- Propose regional control plan in line with the main risks identified in the RCSA and the Group testing program
- Lead the evaluation of the effectiveness of internal controls across business units and support functions ensuring timely remediation and closure of gaps.
- Lead control testing activities in accordance with the Operational Risk Management Framework; identify and recommend remediation actions; and conduct post-remediation testing for material events and issues.
- Ensure all documentation and supporting evidence meet internal and external assurance standards
- Lead the communication around RCSA and control testing to local, regional, and global management
Response and Communication
- Prepare periodic reports and presentations on the status of internal controls for the regional Committees.
- Take part in communicating and presenting key risks to Senior Leadership and to support the local governance arrangements. These include but are not limited to Risk Appetite Metrics, RCSA, Key Risk Indicators and Risk Event evaluation.
- Contribute to Service Level Agreement reporting with KPI oversight and communication to the Outsourcing Committee. Ensure transparent reporting on outsourced process risks and controls.
- Maintaining open lines of communication with regional and global management to ensure alignment of control objectives and strategy.
Change Management
- Oversight of changes impacting the entity including ‘New Hire / Transfers’ between entities. Assess operational risk implications of organisational changes and coordinate appropriate control updates.
- Track changes which impact the Control Framework to ensure it remains fit for purpose.
Skills and Experience
- At least 5 years* of experience in risk, internal audit, compliance, assurance testing, or a related role.
- Hardworking, motivational, and influential.
- Excellent analytical, problem solving and communication skills.
- Ability to work very collaboratively with diverse teams and adapt to different business environments.
- Strong interest in financial markets and operations.
- Eager to learn and progress in a fast-changing environment
- Experience in financial services regulation within EMEA is preferred.
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
- Excels at building relationships, networking and influencing others
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Conduct Rules
You must:
- Act with integrity
- Act with due skill, care and diligence
- Understand and commit to complying with all applicable Federal and ADGM related AML/TF/Sanctions laws, at all time
- Be open and cooperative with law enforcement and / or regulatory authorities on any investigations
- Pay due regard to the interests of customers/counterparties and treat them fairly
- Observe proper standard of market conduct
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 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.
If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.
*candidates outside of this range will still be considered.