Equity Market Risk Analyst

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 2300 dedicated people enabling access to exchanges and technology-powered services.

For more information visit www.marex.com

Purpose of Role:

The Equity Market Risk Analyst relies on a thorough understanding of Equity markets to provides risk management oversight and analysis on the trading risks of client portfolios, the equity business, and global markets. Product coverage includes cash equities, single name equity futures, options, ETFs, indices, Cryptos, and structured OTC derivatives and convertibles.

The role assists in the formulation of Marex’s Customer Portfolio Margin policy, Reg-T, Cross Margin, and ongoing review of positions against limits, evaluating prospective client portfolios to ensure strategies are in line with risk appetite and design, perform scenario analysis on portfolios, and collaborate with traders and quants to review model performance and measures, and propose improvements to more accurately capture risks.

Marex is a Futures Commission Merchant (“FCM”), providing clearing services across energy, commodities, and financial securities markets. In 2023, Marex was one of the 10 largest FCMs in the United States based on client balances, with a top-10 share of industry volumes on several exchanges and clearinghouses (notably ICE, CME, and LME). This segment primarily generates revenue on a commission per trade basis. Marex primarily clears in metals (both base and precious), agricultural products (cocoa, coffee, grains, livestock, and sugar), energy and financial futures and options. During 2023, Marex cleared 856 million contracts, up from 248 million contracts in 2022.

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. During 2023, Marex held ~$13bn in average client balances, up from $9.5bn in 2022. Risk Management Unit of the FCM is an integral part of protecting the firm, help the firm achieve its strategic and profitability targets, whilst balancing the risks

Responsibilities:

• Responsible for the analysis and monitoring of market risks taken within the equities product area.
• Margin models, model risk, collateral adequacy, volatility analysis, and market risk reporting.
• Interface with the equity clearing front desk as well as other risk control, and support teams like Compliance, Legal, Finance, Operations, Treasury, and Audit
• Monitor client/firm positions, account balance, and P&L in real-time to ensure adherence to pre-defined risk parameters
• Proactively manage client/firm accounts in excess of pre-defined risk parameters or experiencing trading losses to bring within parameters and/or protect the firm’s capital (this my include prompt communication with clients on risk parameters breached and escalation to senior management within Risk and the business).
• Provide quantitative support and development for MNA’s equity risk model and validation needs. Develop comprehensive quantitative tools and formulate analytical models as necessary to identity, assess and mitigate risk across the equity client clearing portfolio.
• Perform daily risk analysis on client positions including VaR, Sensitivity Analysis & Stress Testing.
  
• Complete daily reporting of key risk issues to Business Management, escalating when required.
• Participate in development of cross-product risk, margining and liquidity optimization initiatives and tools to assist the local business and the group risk management function in better decision making and support the business needs.
• Produce daily and periodic risk reports and distribute to relevant stakeholders. Management of client escalation requests.
• Conduct liquidity analysis of client / firm portfolios and of individual underlying positions in relation to market depth
• Responsible for daily procedures and aligning internal procedures /policies to Risk best practice; identify process improvements.
• Analyse and provide approval of Give-Ins, trade transfers and client payments.
• 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 require
  • 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:

Competencies

• 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
• 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 3 years of experience in a quantitative background, in a professional setting, with a particular focus on options pricing and hedging, as well as exposure to risk management concepts, particularly VaR, Sensitivities & Stress Testing.
• Risk management background with experience of multiple asset classes and a proven interest in markets (exchanges), especially in prime brokerage and equities.
• Solid understanding of financial markets gained in a Brokerage or Banking institution from either the Risk Management or Trading sides; experience risk managing Exchange Traded Futures and Options
• Understanding of pre- and post-trade risk controls and their applications.
• Solid understanding of processes, controls and responsibilities associated with a Financial Makers business.
• Strong Microsoft Office skills, high level VBA skills within Microsoft Excel
• Strong programming skillset preferred (i.e. C+, SQL, Python, and./or Matlab).
  
• Relevant professional designation preferred (i.e. CFA).
• Excellent verbal and written communication skills.
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
• Bachelors degree

Salary Range: $120,000 to $150,000 per year plus discretionary bonus.

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’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the employer of choice for prospective candidates. We encourage applications from candidates returning to the job market.

It is the policy of Marex to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

#LI-PP1

•

Last updated on Sep 18, 2024