Market Risk Manager

Marex; New York (NY); On-site; USD 115,000 - 180,000; Full time

Job summary

An established industry player is seeking a Market Risk Manager to oversee risk management processes across various financial products. This role involves analyzing portfolio risks using quantitative techniques, fostering relationships with stakeholders, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong background in risk management, excellent communication skills, and proficiency in programming, particularly Python. Join a dynamic team that values integrity, collaboration, and the development of its people, providing a robust platform for your career growth in the financial sector.

Qualifications

• 3+ years of experience in risk management or related financial market field.
• Strong knowledge of market risk methodologies such as VaR and stress analysis.

Responsibilities

• Oversee risk management infrastructure and implement best practices.
• Analyze portfolio and market risk using quantitative models and techniques.
• Collaborate with engineering teams to enhance risk systems.

Skills

Risk Management

Quantitative Analysis

Communication Skills

Python Programming

Critical Thinking

Education

Bachelor's Degree in Quantitative Field

Tools

Risk Analysis Applications

Job description

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Talent Acquisition Business Partner @ Marex | Talent Strategy

Diversified. Resilient. Dynamic.

Marex is a 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 major 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.

With more than 35 offices around the globe, and over 2,000 dedicated people enabling access to exchanges and technology-powered services.

For more information visit www.marex.com

Purpose Of Role

The Market Risk Manager covers a variety of products including equities, fixed income, options, futures, OTC derivatives, and commodities across markets globally.

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 Management group covers a variety of products including equities, fixed income, options, futures, OTC derivatives, and commodities across markets globally.

Responsibilities

• Oversee the risk management infrastructure and implement best in class risk management processes
• Analyze portfolio and market risk using various quantitative models / techniques, including VaR, Stress Testing, Scenario Analysis, open interest reports, debit reports, P&L Erosion reports and reviewing large trades
• Develop relationships with key internal and external stakeholders and foster a culture of risk awarenes
• Reviewing and reporting customer and house trading limits, ad-hoc risk analysis, trend analysis, user-testing around new risk models and applications.
• Monitor and address market risks through the use of VaR based risk analysis, Stress testing, Scenario shocks, Open Interest reports, Debit reports, P&L erosion reports and reviewing large trades
• Assist in development, build-out and maintenance of risk management process, policy and infrastructure supporting all business desks.
• Collaborating with engineering and vendor teams to make risk system and reporting enhancements, as well as documenting existing Market Risk reports.
• Work simultaneously on multiple projects and shift accordingly as priorities chang
• Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.
• 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 Marex’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.
  

Competencies, Skills, And Experience

Competencies

• Demonstrates curiosity with an enthusiastic and positive attitude
• Effective communication, problem-solving and implementation skills
• Ability to work and communicate with all levels including senior management and front office
• Resilient in a challenging, fast-paced environmen
• Excels at building relationships, networking and influencing others.
• Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.
  
  

Skills And Experience

• At least three (3) years of experience in risk management or related financial market field
• Bachelor's Degree and especially in a quantitative field, preferred.
• Knowledge of commodities, foreign exchange, equities, and fixed income markets
• Familiarity with the use of risk analysis applications.
• Effective communication and interpersonal skills and a readiness to challenge assumptions are a prerequisite.
• Good technical ability, including proficiency in programming (Python, most likely).
• Ability for critical thinking and passion for the markets and portfolio risk management
• Ability to work under pressure, formulate and articulate solutions and defend assumptions.
• Knowledge of market risk methodologies such as VaR, stress and sensitivity analysis
• Deep expertise in derivatives instruments
• Detail oriented with very strong leadership, prioritization, and organizational abilities.
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
  
  

Salary Range: $115,000 to $180,000 per year and eligible for discretionary bonus.

Marex Benefits For 2025

Company Values

Acting as a role model for the values of the Company:

Respect – Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.

Integrity

– Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.

Collaborative

– We work in teams – open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.

Developing our People

– Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.

Adaptable and Nimble

– Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by the law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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