At a Glance
- Tasks: Monitor and report on market risks, ensuring compliance and enhancing risk controls.
- Company: Join Marex, a forward-thinking firm committed to inclusivity and diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on collaboration and innovation.
- Why this job: Make an impact in financial markets while developing your analytical skills.
- Qualifications: Experience in risk management and strong quantitative skills are preferred.
The predicted salary is between 60000 - 80000 £ per year.
Responsibilities
- Risk oversight: Daily monitoring and reporting on firm house positions including VaR, sensitivity analysis, and stress testing. Identify and escalate key risks to both Risk and Business Senior Management.
- Risk and control framework: Define, review, and enhance risk measures and methodologies, and enforce risk limits. Challenge risk-taking activities relative to approved risk appetite. Develop and enhance current risk controls, processes, and systems.
- Risk analysis: Provide timely detailed analysis on key risks, drivers of profit-and-loss (P&L), trend analysis, and market volatility and liquidity.
- Product coverage: Develop a strong understanding of the fundamental and technical aspects of all markets traded, with a focus on Commodity markets.
- Stakeholder engagement: Partner with sales, traders, model validation, finance, and the Risk management team to ensure accurate pricing, valuation, and risk representation.
- Governance and regulatory compliance: Ensure adherence to internal policies and external regulatory requirements.
Skills & Experience
- Demonstrable and recent experience in risk managing exchange traded futures & options. Commodities financial and physical risk management experience would be preferable but not essential.
- A strong quantitative background gained in education and/or in a professional setting with exposure to risk management concepts, including VaR, sensitivities & stress testing.
- Good understanding of processes, controls and responsibilities associated with a financial markets business.
- Understanding of pre-trade and post-trade risk controls and their applications.
- Strong Microsoft Office skills and strong programming skillset preferred (C+, SQL, Python, Matlab).
- Degree in Mathematics, quantitative finance or risk management related is preferred.
- Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
- Experience managing is preferable but not essential.
Competencies
- Excellent verbal and written communication skills.
- Ability to work independently and manage workload effectively.
- A collaborative team player, approachable, and able to influence a positive work environment.
- Demonstrates curiosity, and an interest in financial markets.
- Resilient in a challenging, fast-paced environment.
- Ability to take a high level of responsibility and act accordingly.
- Ability to build and maintain effective working relationships across all areas of the firm.
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.
Market Risk Manager (VN2889) employer: Marex
Marex is an exceptional employer that prioritises a collaborative and inclusive work culture, fostering professional growth and development for its employees. With a strong focus on risk management within the dynamic financial markets, particularly in commodities, Marex offers unique opportunities to engage with diverse stakeholders while ensuring adherence to regulatory compliance. Employees benefit from a supportive environment that values diversity and encourages continuous learning, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Manager (VN2889)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Marex. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Market Risk Manager (VN2889)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Marex.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Marex's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Marex
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Marex.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Marex will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Marex employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
