Job Description
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 2,300 employees across Europe, Asia and the Americas.
For more information visit https://www.marex.com/
Marex has a Supplier Management function which is responsible for providing a robust and efficient governance framework to help mitigate supplier risk and deliver value throughout the supplier lifecycle. The Supplier Management team continues to build out a team of highly skilled risk and procurement professionals to support the firm in meeting its strategic objectives. We are seeking an individual to support on both day-to-day supplier risk activities as well as wider third-party projects and initiatives to ensure continued strong governance and oversight of the firm’s Supplier Management policies and procedures.
The Supplier Risk Management Associate role reports into the Head of Supplier Management and will be responsible for supporting the functions risk management activities. In this role you will support in risk assessing third party contract requests against agreed risk criteria, liaise with key risk domain teams (such as financial crime, data privacy, information security & business resilience teams) to ensure any associated risks are satisfactorily identified and mitigated, manage the firm’s register of critical vendors, create risk reports for various key stakeholders and provide support to on various third-party regulatory projects to ensure compliance.
Responsibilities:
Third-Party Risk Assessment Reviews
• Assess supplier contract requests in line with the firm’s risk policies. Identify any risks that require further due diligence. Ensure key supplier contract request steps are followed and that any process or control improvements are highlighted and implemented.
Critical Third-Party Risk Registers
• Ensure that the Critical Third-Party Risk Registers are up-to-date, liaise with internal stakeholders to obtain exit plans and performance assessments and understand any changes to risk profiles. Assist in providing Risk Register reports to key stakeholders as required.
Risk Domain Engagement
• Build strong engagement with all risk domain teams (such as financial crime, data privacy, information security & business resilience), understand their respective risk review process, identifying any enhancements to current procedures, escalating any potential third-party risks as needed.
Third-Party Risk Initiatives
• Support on various third-party governance projects and initiatives that ensure that appropriate supplier information is obtained and shared and that all regulatory expectations are satisfactorily met. This will include facilitating governance meetings, creating agendas, sharing key actions and ensuring cross team collaboration.
Supplier Contract Reviews
• Support the Legal team to identify supplier contracts that may require updates or cancelling due to legislative or internal company changes.
Policy, Procedures & Guidance Documents
• Support in developing and maintaining the Supplier Management Policy & Procedures. Ensure all third-party risk management documentation and reports are up-to-date and maintained. Produce short guidance documents as needed to stakeholders that provide clear and concise information.
Skills & Experience:
Essential
• Proven experience of working in the third-party risk management function within a global firm, ideally for a minimum period of 3 years.
• Proven ability to build strong stakeholder relationships across a range of different business teams, be able to successfully influence in a collaborative manner.
• Possess strong project management skills with a background in delivering clear updates, ability to continuously chart and report on progress through to the successful outcome of all key initiatives.
• Must have the ability to come up with logical and flexible solutions that are fit for purpose and meet the firm’s requirements.
• Capable of working pro-actively and independently.
• Be able to identify areas of improvements to current third-party risk controls and processes.
• Have a background in managing risk management activities that support an efficient end-to-end supplier contract process.
Desirable
• Previous experience within a Financial Services organization.
• Working knowledge of key regulations that impact a firm’s third-parties.
• Experience in procurement or sourcing.
Competencies:
• Excellent verbal and written communication skills. Be comfortable in engaging with senior stakeholders across the firm.
• A collaborative team player, approachable, self-efficient and influences a positive work environment.
• 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.
• Focused and diligent. Attention to detail always.
• Takes an analytical approach to data management and reporting.
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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