Role Summary
- Provides advice and influences change at a senior level to improve Marex Group corporate governance, risk management practices and internal control environment.
- Through the Group Head of Internal Audit provides assurance to the Board, on the adequacy, effectiveness and efficiency of the Marex internal control environment.
- Supports the delivery of the corporate priorities of the Marex Group, as set out in the business plan.
- Increases internal and external confidence in the Marex Group business and brand.
- Provides value for money and other consultancy services as required through the Group Head of Internal Audit or Senior Internal Audit Management
- Supervises and leads Internal Audit activities to ensure quality assurance output
- Promotes internal audit and Marex in general to the wider community through direct contact and external and internal interactions.
Description of Department
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.
The Audit team is a global function with a presence in London, North America, Paris and Singapore. The team consists of 28 individuals (i.e. 17 in London, 4 in Chicago, 3 in New York, 2 in Paris and 2 in Singapore), with additional support sought from our co-source partners as required.
Overall Responsibilities
- Provide input and support the development of the three year strategic internal audit plan to ensure coverage of key risks across all Marex entities and business areas, to provide the required level of assurance to the Board, senior management and other stakeholders.
- Plan and deliver the annual work programme for Marex with the Group Head of Audit and Internal Audit Management in a timely manner.
- Influence senior management to take steps to increase the effectiveness of risk mitigation and improved control environment under their responsibility.
- Contribute to the development of Marex standards and procedures, reviewing the effectiveness of any internal assurance functions within the Marex Group.
- Creates, develops and implements audit policies and procedures for the review of key controls across various operating models both within the Group functions and overseas locations.
- Manage the development of staff as appropriate and ensure professional standards and key performance targets are met.
Standard responsibilities for all roles:
- Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS, CBI, etc.
- 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 the FCA’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.
The Company may require you to carry out other duties from time to time
Competencies, Skills and Experience
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
- Escalates key issues and changing priorities to Senior Internal Audit Management as appropriate
- Excels at building relationships, networking and influencing others
- Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
Skills and Experience:
- At least five years’ experience minimum post-qualification as an Audit practitioner in a complex financial services organisation(s) or Practice firm preferably with exposure to broking, prime brokerage, capital markets, structured products and commodities.
- Experience in conducting risk assessments and audits of a wide variety of complex financial systems.
- Comprehensive knowledge and understanding of modern internal audit concepts and standards and their application to the financial services market.
- Exposure to creating, developing, and implementing audit strategies, policies and procedures.
- Exposure to internal audit or Compliance functions to provide a professional service.
- Experience in managing relationships and influencing change at a senior level.
- Proficient in information technology skills and carrying out audits of general IT controls.
- Exposure to and enthusiasm for working in financial markets.
- Experience of conducting Integrated reviews with IT and standalone business audits.
- Experience in leading Audit assignments (i.e. throughout the audit life cycle) and supervising staff as appropriate
- Interest in working internationally and willingness to travel (US, Singapore, HK, Canada)
PROFESSIONAL QUALIFICATIONS & EXPERIENCE
- University Degree – Essential
- ACA Qualification or equivalent – Essential
- CFA Qualification – Advantageous
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:
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.
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