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Marex Operational Risk Associate - MENA in Dubai, United Arab Emirates

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 (http://www.marex.com/)

Operational Risk Associate supporting the delivery of Operational Risk Management across APAC, Europe, and being the Operational Lead for Marex MENA as part of Group Operational Risk. This is a newly created role in response to significant growth at Marex. This role will be responsible for supporting, implementing, and embedding the components of the Operational Risk Management Framework. This will be a highly visible role where development of successful and supportive relationships with key stakeholders across several business disciplines will be required. By nature, the role holder will be hands-on, proactive, anticipatory in thinking, and will be required to be develop cohesive and supportive relationships both within and outside of the team. They will also be driven and can provide significant value in delivery and be comfortable working independently.

Responsibilities:

• Providing support to Head of Operational Risk (EMEA & APAC) by acting as Operational Risk representative in the region, and a point person for all Operational Risk matters in MENA. Additionally, providing secondary support across APAC.

• Support the broader Operational Risk team in the successful implementation of Operational Risk technology and reporting strategy.

• Contribute to an effective risk presence, promote risk discussions across Front, Middle, and Back Office areas in addition to senior management and build collaborative relationships across the business.

• Stakeholder at relevant regional Risk Governance Boards, Committees, and Governance Forums. Contributing to the creation of Risk Committee reporting.

• Working with business areas in the ongoing management and build out of Risk Registers and overseeing the Risk and Control Self-Assessment (RCSA) program for the region, for various business functions and segments, including agreement of Risk Assessment scoring / actions with Risk Owners (Senior Management).

• 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.

• Manage and contribute to the process for evaluating and rectifying Operational Risk Incidents, ensuring swift resolution of the incident and that client interest is central to the process, capturing root causes, lessons learnt, ensuring actions for future risk mitigation are implemented and relevance to other business areas or processes is considered.

• Completing thematic reviews into specific items as directed by Operational Risk Management.

• Supporting and completing data analytics across Business Risk Events, Emerging Risks, Trade Errors, and RCSA data.

• Maintaining and developing improvements in Framework, Procedures, Policies and Guidelines, including the preparation of Risk Flash Notices.

• Contributing to creation of regional Risk Committee reporting and Governance Forums.

• Supporting the integration of New Business.

• Contributing to the design of scenario analysis for ICAAP and ICARA.

• Provides support and guidance to embed a positive risk culture.

• Lead on developing localised regional guidance and training.

Skills and Experience:

• Experience in governance, risk, assurance, compliance, or internal control roles in Financial Services.

• Strong technical risk and control knowledge.

• Good knowledge of Framework methodology and practice.

• Knowledge of ICAAP/ICARA scenario analysis and stress testing.

• Confident working independently and remotely from your team members.

• Demonstratable knowledge of assurance, controls models and corporate governance frameworks.

• Strong team worker and able to take initiative to scope and lead enhancement work.

• 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.

• Self-motivated and inquisitive.

• Innovative/creative and passionate about driving cultural change.

• Self-starter with a positive and proactive attitude.

• Strong organisational and time management skills, as well as ability to work under pressure.

• Ability to build constructive relationships and to influence all levels of staff to deliver cultural change.

• Proactive problem-solver who is determined at chasing down actions and resolutions to completion.

• Ability to work very collaboratively within a global team.

• Strong Excel, Word, PowerPoint skills and experiences in the use of internal IT systems.

• Use of a GRC and Power BI tools desirable.

• Able to balance commercial and regulatory requirements.

• Relevant professional designation desirable.

If you're forging a career in this area and are looking for your next step, get in touch!

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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