Regional Risk Manager

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 3,000 employees across Europe, Asia and the Americas.

For more information visit https://www.marex.com/

Role Summary

Marex is seeking an experienced Risk Manager to provide independent second-line risk oversight for Marex PAY and Marex SIM, including activities conducted from Italy and on a cross-border basis across Europe.

The role is responsible for overseeing a broad range of risks associated with payment services, foreign exchange activities and investment services, with particular focus on counterparty credit risk, market risk, operational risk, ICT risk, digital asset risk and business expansion initiatives.

Working closely with senior management, Front Office, Finance, Operations, Compliance, Technology and Group Risk teams, the successful candidate will support the continued development of the local risk framework while ensuring effective governance, robust risk management practices and compliance with applicable regulatory requirements.

This role offers the opportunity to play a key role in the growth and expansion of Marex's European activities and to contribute directly to the evolution of its risk management framework.

The role will also support risk oversight across other entities in the region, working with local and regional Risk teams and contributing to Group Risk projects and initiatives.

Key Responsibilities

Market, Counterparty Credit and Prudential Risk

- Provide independent second-line oversight of counterparty credit risk arising from client, bank and market-counterparty exposures.
- Review and challenge credit assessments, exposure methodologies, limits, collateral arrangements and concentration risks.
- Monitor counterparty exposures, stress testing results and emerging credit risks, escalating material issues where appropriate.
- Oversee market and foreign exchange risks arising from spot, forwards, NDFs, options, swaps and other FX products.
- Assess risks associated with foreign exchange trading activities, matched-principal business models and dealing-on-own-account activities.
- Assess risks arising from digital asset products, crypto asset market infrastructure, custody arrangements and related business initiatives, ensuring alignment with risk appetite and regulatory requirements.
- Review and challenge daily and monthly risk reporting, exposure reports and key risk metrics.
- Review and challenge daily and monthly P&L reporting, ensuring a clear understanding of profitability drivers, market-risk exposures and material movements.
- Investigate significant P&L movements, unusual trading outcomes and emerging risk trends, and escalate concerns to senior management.
- Support ICARAP, recovery planning, stress testing, capital adequacy assessments and prudential risk management activities.
- Contribute to the development of risk appetite frameworks, limits and prudential reporting.

ICT Risk, Operational Resilience and Outsourcing

- Provide oversight of ICT, cyber, data, outsourcing and third-party risks.
- Support the implementation and ongoing management of DORA and operational resilience requirements.
- Challenge the governance, resilience and security of critical systems and outsourced arrangements.
- Review significant ICT incidents, resilience testing outcomes and remediation programmes.
- Monitor risks arising from critical service providers and cross-border operating models.

Governance, Regulatory Engagement and Business Expansion

- Produce risk reporting for Boards, Risk Committees, senior management and regulators.
- Coordinate risk governance, risk reporting and risk appetite monitoring across Marex PAY and Marex SIM.
- Maintain local governance documentation and risk registers.
- Support interactions with the Bank of Italy and other relevant European regulators.
- Provide risk assessment and challenge for new products, business initiatives, strategic projects and expansion into new jurisdictions.
- Participate in New Product Approval and Change Management processes, ensuring that material risks are identified, assessed and appropriately mitigated before implementation.
- Promote a strong risk culture through constructive challenge, guidance and education.
- Support risk oversight across other entities in the region, assist local and regional Risk teams as required, and contribute to Group Risk projects and initiatives.

All staff:

- 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 the FCA’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.

Skills and Experience

Required

- 5-10 years' experience in Risk Management within an investment firm, broker, bank, payment institution or other regulated financial-services organisation.
- Strong understanding of foreign exchange products and activities, including spot, forwards, NDFs and options.
- Strong quantitative and analytical skills, including the ability to analyse trading exposures, P&L movements, stress-testing results and risk metrics.
- Practical experience in counterparty credit risk management, exposure measurement and limit frameworks.
- Good understanding of market risk concepts, stress testing and risk appetite frameworks.
- Ability to assess emerging risk themes, including risks arising from new technologies, digital assets and evolving market structures.
- Experience analysing risk reports, trading activity and P&L drivers.
- Experience with ICARAP, ICAAP, prudential risk management or capital adequacy frameworks.
- Knowledge of ICT risk, operational resilience, outsourcing risk and DORA requirements.
- Experience producing Board and Risk Committee reporting.
- Fluent English.

Desirable

- Experience engaging directly with the Bank of Italy or other European financial-services regulators.
- Experience in payment services, FX brokerage or investment-firm environments.
- Familiarity with SWIFT, payment infrastructure and safeguarding arrangements.
- Knowledge of digital assets, crypto asset markets, custody models and emerging regulatory frameworks.
- Knowledge of or experience with other Capital Markets financial products, including, but not limited to, equities, bonds, interest rate derivatives, stock borrow loan, repo.
- Experience presenting risk matters to Boards, Committees and senior governance forums.
- Fluent Italian.

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

- Act to deliver good outcomes for retail customers

Company Values

- Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients

- Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders

- Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face.

- Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do.

- Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves, and our teams.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

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