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 elevate 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 Produc