Internal Audit Manager

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 2,300 dedicated people enabling access to exchanges and technology-powered services.

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Purpose of Role :

The Audit Manager is a part of the Audit team and provides advice and influences change at a senior level to improve Marex corporate governance, risk management practice, and internal control environment.

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 Audit team is a global function with presence in London and North America. The team consists of 20 individuals ( 15 in London and four in Chicago and one in New York) With additional support sought from our co-source partners as required.

Responsibilities :

• Through the Senior Internal Audit Manager, provides assurance to the Board, on the adequacy, effectiveness, and efficiency of the Marex control environment.
• Support the Senior Internal Audit Manager in providing assurance to the North America leadership team.
• Support the delivery of the corporate priorities of Marex, as set out in the business plan. Increase internal and external confidence in the Marex business and brand.
• Supervise and lead Internal Audit activities to ensure quality assurance output.
• Provide value for money and other consultancy services as required through the Group Head of Internal Audit or Senior Internal Audit Management.
• Promote internal audit and Marex in general to the wider community through direct contact and external and internal interactions.
• Provide input and support the development of the three-year strategic internal audit plan to ensure coverage of key risks across all Marex entities and business areas, to provide the required level of assurance to the Board, senior management, and other stakeholders
• Plan and deliver the annual work programme for Marex with the Group Head of Audit and Senior Audit Manager NA.
• Influence senior management to take steps to increase the effectiveness of risk mitigation and improved control environment under their responsibility.
• Contribute to the development of Marex standards and procedures, reviewing the effectiveness of any internal assurance functions within the Marex Group.
• Creates, develops, and implements audit policies and procedures for the review of key controls across various operating models both within the Group functions and US locations.
• Manage the development of staff as appropriate and ensure professional standards and key performance targets are met.
• 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 ConductTo 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 report any breaches of policy to Compliance and / or your supervisor as requiredTo escalate risk events immediatelyTo 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

• Excellent verbal and written communication skills
• A collaborative team player, approachable, self-efficient and influences a positive work environmen
• 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
• Escalates key issues and changing priorities to Senior Internal Audit Management as appropriate
• 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 5 to 7 (five to seven) years’ experience minimum as an Audit practitioner in a complex financial services organisation(s) or Practice firm preferably with exposure to broking and commodities.
• Experience in conducting risk assessments and audits of a wide variety of complex financial systems.
• Comprehensive knowledge and understanding of modern internal audit concepts and standards and their application to the financial services market
• Exposure to creating, developing, and implementing audit strategies, policies and procedures.
• Exposure to internal audit or Compliance functions to provide a professional service.
• Experience in managing relationships and influencing change at a senior level.
• Proficient in information technology skills and carrying out audits of general IT controls.
• Exposure to and enthusiasm for working in financial markets.
• Experience of conducting Integrated reviews with IT and standalone business audits.
• Experience in leading Audit assignments ( throughout the audit life cycle) and supervising staff as appropriate
• Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Salary Range : $100,000 to $140,000 per year base salary and eligible for discretionary bonus.

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.

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