Operational Risk Manager - VN1943

Marex•New York, NY

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. The Risk Department consists of the following teams: Operation Risk, Change Risk & Assurance, Governance, Privacy, Credit Risk, Market Risk, and Clearing Risk.

Requirements

Demonstrates curiosity and self-motivated to take initiative to scope and lead enhancement work.
Applying sound judgment in the evaluation of risks and controls.
Resilient in a challenging, fast-paced environment.
Ability to take a high level of responsibility in a fast pace and high-volume environment.
Effective report writing and oral communication skills, including the ability to communicate complex requirements simply and to translate them into viable business practices and procedures.
Excels at building relationships, networking and influencing others and demonstrate confidence to challenging the assumptions and conclusions of more experienced staff members; Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
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, focused on existing and emerging risk areas
Practical experience with Basel, COSO, ERM, risk and control self-assessment tools, methodologies and concepts
Bachelor’s degree require
Knowledge of Framework methodology and practice.
Advanced user of Microsoft Excel, Word, PowerPoint skills and experienced in the use of internal IT systems.
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.

Nice To Haves

Use of GRC and PowerBI tools is desirable

Responsibilities

Risk representative for Operational Risk in the region, point person for Operational Risk matters in the US.
Risk and Control Assessment: Facilitate risk and control assessments to identify potential risks and implement effective controls, validating remediation of operational risk exposure and related control gaps.
Governance: Contribute in and create reporting materials for governance forums, ensuring comprehensive oversight and identification of operational risk trends.
Risk Reporting: Preparing and presenting detailed risk reports / dashboards / metrics to senior management and stakeholders, highlighting key risk areas and recommended actions.
Trend Analysis: Identify and analyse operational risk trends, using internal and external data, to inform strategic decision-making and remediate potential gaps.
Continuous Improvement: Providing thoughtful and collaborative leadership promoting risk transparency and business unit-level ownership and accountability over operational risk and control environments, fostering continuous improvement.
Risk Aware Culture: Promoting Marex’s risk aware culture, serving as the subject matter expert on operational risk initiatives. Identifying, initiating, and fostering relationships with business and operational partners, including second- and third-line assurance functions, to promote a culture of continuous improvement, driving constructive communication with the ORM team.
Risk Register Buildout: Work with business areas in the region to build out Risk Registers and end-to-end process mapping, working to provide accurate reflection of information and challenge where appropriate.
Control Evaluation: Develop and evaluate the design and effectiveness of controls and provide timely and in-depth analysis to Senior Management. This includes challenging management actions to remediate control gaps or weaknesses and track through to closure. Ensure accurate reflection of risk and control information within Risk Registers by providing rigorous challenge where appropriate.
Risk Event Management: Conduct root cause analysis, monitor and report on Risk Events and Operational Losses escalating to management appropriately, and actively supporting business areas in the lessons learnt.
Broker Error Management: 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.
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.