Operational Risk Manager

Marex • New York, NY

116d • $125,000 - $160,000

About The Position

The Operational Risk Manager is responsible for assisting the Firm in identification, evaluation, control testing, and management of operational risk, whilst supporting risk strategy and driving proactive operational risk culture. The role assists in the implementation of the Operational Risk Management Framework in North America, a priority of the region. This is a key role where the development of successful and supportive relationships with key stakeholder across several business disciplines is required. 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 Risk Department is responsible for assessing and managing various financial risks that Marex may face. The department employs analytical tools to monitor and mitigate potential threats. By implementing robust risk management practices, the department contributes towards maintaining Marex’s overall financial stability.

Requirements

• At least six plus (6+) years of operational risk management, enterprise risk management and/or related experience required; experience in the investment management industry preferred.
• Experienced in governance, risk, assurance, compliance, or internal control roles in Financial Services.
• Advanced technical risk and control knowledge and demonstrated experience facilitating top-down and bottom-up risk assessments.
• Practical experience with Basel, COSO, ERM, risk and control self-assessment tools, methodologies and concepts.
• Bachelor’s degree required.
• Knowledge of Framework methodology and practice.
• Advanced user of Microsoft Excel, Word, PowerPoint skills and experienced in the use of internal IT systems.
• Use of GRC and PowerBI tools is desirable.
• Strong organisational and time management skills, as well as ability to work under pressure.
• Strong skills in resolving problems and negotiating issues.
• Confident working independently and remotely from team members.
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Responsibilities

• Risk representative for Operational Risk in the region, point person for Operational Risk matters in the US.
• Facilitate risk and control assessments to identify potential risks and implement effective controls, validating remediation of operational risk exposure and related control gaps.
• Contribute in and create reporting materials for governance forums, ensuring comprehensive oversight and identification of operational risk trends.
• Preparing and presenting detailed risk reports / dashboards / metrics to senior management and stakeholders, highlighting key risk areas and recommended actions.
• Identify and analyse operational risk trends, using internal and external data, to inform strategic decision-making and remediate potential gaps.
• 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.
• Work with business areas in the region to build out Risk Registers and end-to-end process mapping.
• Develop and evaluate the design and effectiveness of controls and provide timely and in-depth analysis to Senior Management.
• Conduct root cause analysis, monitor and report on Risk Events and Operational Losses escalating to management appropriately.
• Daily management of Broker Losses and reporting to help drive down total value, volumes and learn lessons.
• Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
• Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.

Benefits

• Salary Range: $125,000 to $160,000 per year and eligible for discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees