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.
This position sits within the Clearing Risk Team within the Risk department.
Role Summary
Day-to-day responsibilities include identification, monitoring and management of firm’s risk exposures, development of new and existing systems / models to minimize the risk of financial loss to the firm.
All employees are expected to understand and comply with any Sarbanes Oxley operational requirements relevant to their role.
Overall Responsibilities
- Monitor market exposures of both client and house positions, taking appropriate action with positions / trades of specific concern with escalation as necessary.
- Perform senior management risk analysis, control & reporting in line with the Marex Group Risk Policy & Framework.
- Ensure margin rates sufficiently cover our exposure at the client level and to have a thorough understanding of the methods the various exchanges use to arrive at the respective rate.
- Develop a full understanding of the fundamental and technical aspects of all markets that Marex Group trades and clears on.
- Develop relationships with all internal stake holders including trading desk, sales desk, back office, margins and other key personnel.
- Assist in explanations to external customers and counterparties of Margins and Market risk methodologies as necessary.
- Calculate daily margin call and circulate to clients in Asian time zones.
- Liaise with sales desks to ensure client cover margin call.
- Collaborate with sales in accommodating new business lines / clients with the emphasis on ensuring Marex’s controls are not breached.
- Support Credit department in preparing / writing credit reviews.
- Develop/enhance current risk processes and systems.
- Collect and validate market data for risk systems.
- Validate model and perform UAT for risk systems.
- Support daily functions of the Credit Risk department as required.
- The Company may require you to carry out other duties from time to time.
Standard Responsibilities
- Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS.
- 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.
- The Company may require you to carry out other duties from time to time
Competencies, Skills and Experience
Competencies
- Able to work independently and effectively
- Sound judgement and clear communicator, with ability to explain risk outcomes/decision to Sales and clients
- An understanding of Risk management techniques including Value‐at‐Risk and Greeks is required
- Understanding of option valuation models, including Black‐Scholes valuation and numerical methods
- 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.
Skills and Experience
- Experience with Commodity markets or in a regulated environment and knowledge of the risk and compliance requirements associated with this
- Margin, Clearing/Broking business knowledge is an advantage
- Strong quantitative and analytical skills are required
- Degree in Mathematics, quantitative finance or risk management related is preferrable
- 1‐3 years industry experience is preferrable; fresh graduates with an excellent academic record are also welcome.
- Excellent verbal and written communication skills
- Proficient in Excel is a must. Hands-on experience in VBA, Python is preferrable
- Passing FRM exam is a strong advantage
- 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
- Act to deliver good outcomes for retail customers
Skills Required
- Experience with commodity markets or in a regulated environment
- Knowledge of risk and compliance requirements
- Strong quantitative and analytical skills
- Degree in Mathematics, quantitative finance or risk management
- 1-3 years industry experience
- Proficient in Excel
- Hands-on experience in VBA, Python
- Passing FRM exam
What We Do
We are a diversified global financial services platform, connecting clients to global energy, metals, agricultural and financial markets. Across our businesses we provide critical high value-add services in Market Making, Execution and Clearing, Hedging and Investment Solutions, Price Discovery and Data & Advisory. We have a leading franchise in many major metals, energy and agricultural products, executing around 38 million trades and clearing over 193 million contracts in 2021. 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 22 offices worldwide, the Group has over 1,100 employees across Europe, Asia and America. State-of-the-art electronic and voice broking services facilitate all types of trading strategies. This is backed by decades of experience, with Marex emphasising intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools. In addition to its core operations, Marex's scale and expertise in commodity derivatives, as well as physical products, has enabled it to respond to client demand and offer services for financial futures & options and foreign exchange.
