Risk Business Systems and Projects Analyst

Marex Spectron; London; On-site; GBP 50,000 - 90,000; Full time

Job description

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a leading franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. 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 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

For more information visit www.marex.com

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 at Marex is a vital component of the organization, responsible for maintaining the integrity and stability of its global operations. With an extensive understanding of market dynamics and regulatory requirements, the Risk team ensures that Marex consistently navigates the complex financial landscape with prudence and foresight. Collaborating closely with other divisions and leveraging technology, the department continuously monitors and manages various forms of risk, including market, credit, operational, change, and privacy. By fostering a robust risk culture and providing crucial insights to decision-makers, the Risk department plays an indispensable role in safeguarding Marex's reputation and ensuring the continued success of its technology-driven, customer-centric approach.

The Risk Business Systems and Projects Analyst is responsible for the successful implementation and delivery of strategic projects that are vital for the Chief Risk Office.

Responsibilities:

1. Working closely with Risk Managers and Risk Controllers to ensure smooth delivery of complex projects and workstreams. Ensure the highest level of data quality and integrity which feeds the risk systems.
2. Delivering on allocated projects and system development items as well as proactively engaging on risk or control improvement ideas with the wider team.
3. Articulate and present commercial effectiveness of requirement proposals within a project or initiative.
4. Face off to one or many business areas and stakeholders understanding high level requirements and challenging where necessary.
5. Work independently to elicit, validate and document systems requirements act as a key point of contact for the risk system development teams.
6. Participation in the design process coordinated by the Risk Management team, participate in systems functionality approval and ensure the functionality/benefits envisaged are delivered.
7. Support the Testing Strategy and input into the coverage of Test scenarios and conditions ensuring all requirements in scope are tested.
8. Experience of the risk system development lifecycle, the roles and responsibilities on large projects and the motivations of the various stakeholders involved.

Furthermore, you are expected to:

1. Ensure compliance with the company’s regulatory requirements under the FCA.
2. Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
3. Be a role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
4. At all times comply with the FCA’s Code of Conduct.
5. 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.
6. Report any breaches of policy to Compliance and/ or your supervisor as required.
7. Escalate risk events immediately.
8. Provide input to risk management processes, as required.

Competencies, Skills and Experience:

Competencies:

1. Excellent verbal and written communication skills
2. A collaborative team player, approachable, self-efficient and influences a positive work environment
3. Demonstrates curiosity
4. Resilient in a challenging, fast-paced environment
5. Ability to take a high level of responsibility in a fast pace and high-volume environment
6. Excels at building relationships, networking and influencing others
7. Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Skills and Experience:

1. A strong quantitative background gained in education and/ or in a professional setting with particular focus on options pricing & hedging as well as exposure to risk management concepts.
2. Risk domain and clearing business knowledge E.g. Initial/Variation Margin, Position Limits, Probability and Loss Given Default, VaR, Stress Testing & option greeks and concepts
3. A good understanding of financial markets gained in a Brokerage or Banking institution from either the Risk Management or Trading sides. Experience of risk managing Exchange Traded Futures & Options.
4. Capable of exposure regression analysis and explaining differences between production systems and UAT. Breakdown of variables driving the differences.
5. University graduate in Finance, computer science or numerate related disciplines
6. Experience in documenting requirements, validating functional specifications, drafting testing approach plans and user acceptance test cases
7. Understanding of how projects are delivered, including project lifecycle. Ability to understand and document processes using data flow diagrams
8. Experience in risk system development cycles and working with Risk Technology departments.
9. Strong ability to understand and use complex systems and take a logical and constructive approach to investigating and communicating system problems
10. Ability to build and maintain effective working relationships across all areas of the firm and communicate effectively across all levels.
11. Strong Microsoft Office skills, high level VBA skills within Excel
12. Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Marex’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the employer of choice for prospective candidates. We encourage applications from candidates returning to the job market.

It is the policy of Marex to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.