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Graduate Trainee: Risk

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Marex

Jun 28, 2024

Applications are closed

  • Job
    Full-time
    Entry Level
  • Business, Operations & Strategy
  • London

Requirements

  • Strong quantitative and analytical skills with the ability to interpret complex data sets.
  • Ability to apply mathematical models to real-world financial problems.
  • Attention to detail and a high degree of accuracy in work.
  • Excellent verbal and written communication skills.
  • Ability to present complex information clearly and concisely.
  • Self-motivated with a proactive approach to identifying and solving problems.
  • Eagerness to learn and adapt.
  • Exceptional organisational skills with the ability to manage multiple tasks and projects simultaneously.
  • Strong interpersonal skills and the ability to work effectively in a team-orientated environment.
  • Ability to perform effectively under pressure.
  • Skills and Experience:
  • A minimum of a 2.1 degree in Economics, Mathematics, Statistics, Computer Science, or another quantitative degree, coupled with a strong academic record.
  • Experience with data analytics and quantitative research methods.
  • Basic understanding of financial markets and instruments.
  • Proficiency in Microsoft Office Suite, particularly Excel (advanced functions and macros).
  • Internships or relevant work experience in financial services or trading is preferred.
  • Proficiency in programming languages, such as Python, R, or MATLAB is desirable.
  • Experience with data visualisation tools (e.g. Power BI) and statistical software is desirable.

Responsibilities

  • Risk management is a critical function at Marex, designed to ensure the stability, integrity, and strategic success of the organisation. This function encompasses the identification, assessment, monitoring, and mitigation of various risks that the firm faces in its operations and strategic initiatives. By systematically managing these risks, Marex safeguards its financial health, regulatory compliance, and market reputation.
  • As a graduate you will rotate through all the main risk functions, gaining comprehensive exposure and experience in the following areas:
  • Operational Risk:
  • Assist in identifying, assessing, and monitoring operational risks within Marex.
  • Support the development and implementation of risk mitigation strategies and controls.
  • Participate in risk assessments and incident investigations, documenting findings and recommendations.
  • Help maintain the risk register and track action items to ensure timely resolutions.
  • Market Risk:
  • Analyse market risk exposures and conduct stress testing and scenario analysis.
  • Assist in the development and enhancement of market risk models and methodologies.
  • Monitor daily market risk reports and highlight any significant changes or anomalies.
  • Support the preparation of market risk metrics and reports for senior management.
  • Clearing Risk:
  • Support the monitoring and management of clearing risk exposures for trading activities.
  • Assist in the assessment of collateral requirements and margining practices.
  • Help analyse clearing risk data and prepare reports for internal and external stakeholders.
  • Risk Governance:
  • Assist in the development and implementation of risk governance policies and frameworks.
  • Support the preparation of risk governance reports and presentations for committees and boards.
  • Participate in risk governance meetings, documentation and tracking follow-up actions.
  • Credit and Counterparty Risk:
  • Conduct credit risk assessments and analyse the creditworthiness of counterparties.
  • Monitor and report on credit exposures, identifying potential credit issues and recommending actions.
  • Change Risk & Assurance:
  • Assist in the assessment and management of risks associated with mergers, acquisitions, and other significant business changes.
  • Support the development of change risk frameworks and methodologies.
  • Participate in change management projects ensuring risks are identified and mitigated.
  • Help prepare change risk assessments and reports for senior management, ensuring comprehensive risk coverage during the acquisition and integration phases.

FAQs

What is the role of a Graduate Trainee in Risk at Marex?

The Graduate Trainee in Risk at Marex will have the opportunity to kickstart a career in Risk Management, engaging in on-the-job training while working closely with the global Risk Management team. The role involves identifying, assessing, and mitigating various business risks to contribute to the overall first line control environment and projects at Marex.

What will the Graduate Programme entail?

The Graduate Programme includes a 'Backpack to Briefcase' bootcamp designed to unveil the financial services industry's intricacies, Marex's purpose, and strategic priorities. There will be continuous training and various sessions aimed at developing behavioral, cognitive, technical, and business awareness skills.

What specific areas of risk management will the graduate rotate through?

Graduates will rotate through various risk functions, including Operational Risk, Market Risk, Clearing Risk, Risk Governance, Credit and Counterparty Risk, and Change Risk & Assurance, gaining comprehensive exposure and experience in each area.

What qualifications are required for this role?

Candidates must have a minimum of a 2.1 degree in Economics, Mathematics, Statistics, Computer Science, or another quantitative degree, along with a strong academic record. Additional experience with data analytics and knowledge of financial markets is preferred.

What skills are desirable for this position?

Desirable skills include strong quantitative and analytical abilities, proficiency in Microsoft Office (especially advanced Excel), data analytics experience, understanding of financial markets, and programming skills in languages like Python, R, or MATLAB. Familiarity with data visualization tools and statistical software is also advantageous.

Is prior work experience necessary to apply for this graduate training position?

While not mandatory, internships or relevant work experience in financial services or trading is preferred for candidates seeking this position.

How does Marex support diversity and inclusion in the hiring process?

Marex is committed to being an inclusive employer, providing an accessible recruitment process, and valuing the diversity of its workforce. The company welcomes applications from various backgrounds and provides reasonable adjustments where necessary to support candidates throughout the hiring process.

What opportunities for networking and professional development are available during the programme?

Graduates will have the opportunity to connect with fellow trainees through training events, participate in informal insight events, and attend a lunch and learn series hosted by senior Marex Leaders, fostering both professional development and networking.

Where will the Graduate Trainee be based?

The Graduate Trainee will be based in London, working directly with Marex's Risk Management team globally.

What qualities would make a candidate stand out for this position?

Candidates who are self-motivated, proactive in problem-solving, eager to learn and adapt, possess exceptional organizational and interpersonal skills, and have the ability to perform effectively under pressure will stand out for this role.

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Marex

Marex is a diversified global financial services platform connecting clients to energy, commodities & financial markets.

Finance
Industry
1001-5000
Employees
2005
Founded Year

Mission & Purpose

Marex is a leading global commodities and financial markets brokerage firm. With a strong presence in the UK and offices worldwide, Marex offers a comprehensive range of services including execution, clearing, and advisory services to institutional clients, corporations, and individual traders. Their mission is to empower clients with the tools, insights, and support needed to navigate and thrive in the complex world of commodities and financial markets. Marex's purpose is to provide innovative solutions and unrivalled expertise, enabling clients to make informed decisions, manage risks effectively, and seize opportunities in the ever-changing market landscape. Through their dedication to excellence and commitment to client success, Marex plays a vital role in facilitating global trade, investment, and hedging activities, while fostering long-term relationships built on trust and integrity.

Culture & Values

  • 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 strive to 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 team work. 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 & 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.