Financial Crime Compliance Officer; VN

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.

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The Financial Crime Compliance (FCC) function forms part of the Second Line of Defence in the Firm's Three Lines of Defence model.

FCC is responsible for designing and maintaining a robust financial crime prevention framework that (i) manages our financial crime risk in line with our risk appetite (ii) meets legal and regulatory obligations in all the jurisdictions in which we operate and (iii) harnesses industry practice and standards.

As part of its role, FCC provides oversight and challenge of First Line of Defence’s financial crime risk management activities and associated systems and controls. One way we achieve this is through our Assurance Programme which involves performing formalised reviews on the adherence to and effectiveness of our policies, standards and related procedures.

The Financial Crime Compliance Officer will be primarily responsible for supporting the delivery of the assurance monitoring programme. This will require the testing of first line of defence's implementation of the financial crime prevention framework through performance of an annually agreed plan of assurance assignments (thematic and targeted). The issues identified, and the corresponding recommendations/agreed action plans to address deficiencies, are reported to relevant senior and executive management through formal reports.

The agreed actions are monitored for completion within defined time frames to ensure the appropriate and complete remediation of gaps is achieved; regular reporting on the progress to complete actions is similarly reported to senior and executive management.

The Global Financial Crime Compliance team comprises c.25 full time staff based in London, New York and Chicago. It is supported by a further 7 FTE staff based in other International offices.

We are a small team covering the full breadth of financial crime risk management and across the Firm’s broad and growing product and geographical range. As such, we look for new hires who have the aptitude to work across the breadth of activities a financial crime compliance function performs.

We are hiring for an Associate whose primary responsibility will be Financial Crime Assurance. In addition, their role may evolve such that c.25% of their time is also allocated to supporting the enhancement and maintenance of our Policies and Training Framework. The role will be reporting to a Senior Financial Crime Manager who is currently also being recruited.

• Scope and carry out assurance reviews of the Firm’s key financial crime controls. This would include, for example, reviewing sanctions/PEP alerts and assessing whether they were reviewed correctly; reviewing sample KYC files and testing that these were performed in line with Policy.
• Draft scoping and objectives memorandums for all allocated assignments which suitably identify the core objectives and control areas subject to the assurance review.
• Perform mapping of key risks and legal or regulatory obligations against the processes and procedures under review.
• Test the operating effectiveness of the controls under review through designing appropriate testing programmes.
• Provide robust and professional challenge to the first line functions through applying a risk mindset when assessing the design and operating effectiveness of…