Head of Counterparty Risk EMEA

2 months ago

London, Greater London, United Kingdom Marex Full time
Job Title: Head of Counterparty Risk EMEA

Marex is a leading 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 leading franchise in many major metals, energy, and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022.

The Head of Counterparty Risk EMEA will be responsible for taking ownership of all elements of counterparty risk monitoring across the Marex EMEA client base and ensuring a thorough understanding and reporting of counterparty risk exposures and appropriate limits across the firm.

The successful candidate will lead the EMEA counterparty risk function, including responsibility for supporting and developing analysts and deputising for the Global Head of Credit where necessary.

Key Responsibilities:

  • Qualitative and quantitative analysis of all current and potential clients and counterparties, including corporates, financial institutions, individuals, CCPs, and state-owned enterprises.
  • Continual focus on the global macro-economic environment, with understanding of specific country factors and the impact of those factors on the credit risk assessment with regard to clients and counterparties incorporated or operating in those countries.
  • Lead integration projects for new acquisitions from a counterparty credit perspective.
  • Form well-researched and intellectually credible recommendations for new credit facilities and renewals.
  • High levels of interaction with clients, as required, on both a domestic and international basis.
  • Management information reporting where relevant on a periodic and ad-hoc basis.
  • Act as an advisor and subject matter expert to guide the business for all credit-related items in the EMEA region and beyond, managing the credit facility application and annual review process for the allocated client base.
  • Form enduring and effective working relationships across all internal departments to reinforce the firm's client service model.
  • Contribute to enhancing existing and/or implementing new credit risk policies, procedures, and processes to drive the department forward and ensure adherence to best practice.
  • Communicate and escalate all relevant items to the Global Head of Credit, Global Head of Risk, and the CRO as appropriate.

Company Standard Responsibilities:

  • Ensuring compliance with the company's regulatory requirements under any applicable regulator.
  • Adhere to the operational risk framework for your role, ensuring that all regulatory or company-determined parameters are complied with.
  • Role model for demonstrating the highest level of 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:

  • Ability to communicate with confidence and in a manner appropriate to the audience, from junior level colleagues to C-Suite executives within the firm as well as a diverse external client base.
  • Effective report writing skills with an ability to distil complex information to a 'key risks' summary to enable management decision-making.
  • Strong presentation technique and experience communicating to senior management forums.
  • 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.
  • 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:

  • Strong and demonstrable understanding of corporate financial statement analysis gained ideally through an investment banking or institutional brokerage background.
  • Track record in forming well-researched conclusions on credit assessments, including internally modelled credit ratings and recovery potential in the event of default.
  • Understanding credit risk inherent in granting credit facilities to cover the margin requirements (initial and variation) of futures and options.
  • University graduate (or equivalent) or sufficient relevant work experience.
  • Good knowledge of MS Office products, Bloomberg is advantageous.
  • Experience of reviewing clients that operate in the Commodities sector.
  • Additional language skills other than English is desirable.
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

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.

If you would like to receive any information in a different way or would like us to do anything differently to help you, please include it in your application.

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