Career Opportunities

Operational Risk Associate

New York, NY Full-Time Risk

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.

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Purpose of Role:

The Operational Risk Associate is responsible for assisting the Firm in identification, evaluation, control testing, and management of operational risk, whilst supporting risk strategy and driving proactive operational risk culture. The role assists in the implementation of the Operational Risk Management Framework in North America, a priority of the region. This is a key role where the development of successful and supportive relationships with key stakeholder across several business disciplines is required.

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 Department is responsible for assessing and managing various financial risks that Marex may face. The department employs analytical tools to monitor and mitigate potential threats. By implementing robust risk management practices, the department contributes towards maintaining Marex’s overall financial stability. The Risk Department consists of the following teams: Operation Risk, Change Risk & Assurance, Governance, Privacy, Credit Risk, Market Risk, and Clearing Risk.


  • Work collaboratively with business areas, specifically in North America in the ongoing buildout of the operational risk profile.
  • Work to provide an accurate reflection of information and challenge and escalate where appropriate.
  • Lead Risk and Control Self-Assessments (RCSAs) while driving continuous improvement across the region.
  • Responsible for control testing and working with stakeholders on control gaps and remediation.
  • Monitor and report on risk events and operational losses, document resulting new controls, complete operational risk impact assessment, and escalate into management as appropriate.
  • Assist in the rollout of the Operational Risk Management Framework individual components.
  • Responsible for creation of operational risk reporting to relevant governance for senior management.
  • Provide training, guidance, and support to embed a positive risk culture.
  • Promote an effective risk presence and risk sessions with front office, and senior management.
  • Monitor and escalate appropriate risks and control gaps/weaknesses.
  • Produce and maintain risk appetite metric reporting and Key Risk Indicators (KRIs) to provide strategic insight into operational risk at Marex.
  • Promote information sharing and integrated assurance view between lines of defences.
  • Support integration and post integration efforts related to new acquisitions.
  • Design and implement scenarios analysis for significant operational risks.
  • 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.

The Company may require you to carry out other duties from time to time.

Competencies, Skills and Experience:


  • Demonstrates curiosity.
  • Resilient in a challenging, fast-paced environment
  • Ability to take a high level of responsibility in a fast pace and high-volume environment.
  • Ability to communicate complex requirements simply and to translate them into viable business practices and procedures.
  • 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

  • A least four to six (4-6) years of cumulative experience in operational risk, compliance, or internal control roles in Financial Services.
  • Bachelor’s degree required
  • Strong risk and control knowledge.
  • Good knowledge of Framework methodology and practice.
  • Effective report writing
  • Strong Excel, Word, PowerPoint skills and experience in the use of internal IT systems.
  • Use of GRC and PowerBI tools desirable
  • Excellent verbal and written communication skills
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Salary Range:  $90,000 to $125,000 per year base salary plus discretionary bonus 

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.