Change and Transformation Risk Manager (VN2319)
London, GB Full-Time Risk
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.
The Risk Department at Marex is responsible for assessing, managing and monitoring various financial and non-financial risks that the company 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.
Role Summary
The Change and Transformation Risk Manager will be responsible for providing independent oversight on acquisitions and material change projects. The individual will be expected to identify both financial and non-financial risks and impacts of an acquisition or change, and make recommendations for how best to mitigate those risks and impacts.
This role has a stronger emphasis on financial risk assessment. The individual will work with Strategy during acquisition due diligence to provide review and challenge of the assumptions and valuation model, as well as produce a summary risk report for senior management to inform their decision on whether to go ahead with an acquisition or not. They will also work in close collaboration with the business and control and support functions throughout integration and delivery of change projects to ensure the projects are delivered in a risk-controlled manner. The individual will be required to understand business operating models to help steer functions towards efficient and scalable operating models.
Responsibilities
- Provide 2nd line of defence oversight on acquisition integrations and change projects to boost probability of successful implementation.
- Perform risk assessments of target acquisitions with a focus on financial risks. This includes reviews of how market risk, credit risk, counterparty risk and liquidity risk are managed by the target and impacts to Marex’s risk profile.
- Work with Strategy on due diligence of target acquisitions to ensure commercials and valuation of an acquisition are appropriately modelled. Ensure a minimum level of information is sought from the target and draft the due diligence risk report to inform senior management sign-off.
- Influence discussions regarding target operating models to ensure end-to-end processes are considered and inefficiencies or risks are reduced. This includes liaising with the Business Divisions and Control and Support functions to understand their strategic operating models, challenging the Business Divisions or functions where their proposal does allow for scalability or comprises material risks, and driving conversations within the department to ensure Risk Department’s target architecture and operating model are sustainable to support scale and growth of the business.
- Perform risk assessments on change activities, strategic investments and divestitures to ensure key risks are identified, clearly articulated, assessed, managed, escalated and reported effectively.
- Provide guidance and work with the business/ delivery teams to ensure risks identified have the appropriate risk response strategies being implemented, and appropriate items are being escalated to management.
- Oversight of risks arising during the project lifecycle through use of RAID logs and working with relevant stakeholders to mitigate.
- Work with Finance and Treasury to assess regulatory capital and liquidity implications of acquisitions.
- Work with Operational Risk to perform Operational Model assessments and RCSAs on acquisitions.
- Perform closure reviews and lessons learnt exercises, ensuring lessons are taken into future projects.
- Collaborate with the Line Manager and Global Heads to define an effective operating model that aligns with the strategic rationale, and ensure that comprehensive internal controls are implemented to address risks associated with change and transformation activities.
- Production of risk metrics reporting to senior management.
- Provide independent financial model analysis over M&A targeted activity
- Provide input into Risk Committee and Board papers (as required).
Skills and Experience
- Experience in Enterprise Risk Management with strong financial risk management knowledge desired.
- 7+ years relevant work experience* in the Finance industry.
- Excellent problem solving skills, both conceptual and analytical, with a focus on identifying risks and issues and influencing change professionals to deliver remediation actions.
- Solid quantitative and qualitative analytical skills with attention to detail.
- Ability to build and maintain effective working relationships across all areas of the firm and communicate effectively across all levels.
- Ability to work in a fast-paced change environment, involved in multiple large-scale projects at once.
- Experience with preparing Board and Committee level reporting.
- Excellent verbal and written communication skills.
- A collaborative team player who is approachable and influences a positive work environment.
- Organised and strong time management skills.
- 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.
- Self-starter with a positive and proactive attitude.
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
- Pay due regard to the interests of customers 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 for 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 the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.
*candidates outside of this range will also be considered
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