Senior Market Risk Manager

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.

Role Summary
We are seeking an experienced Senior Market Risk Manager to oversee the market risk of multiple trading desks across Asia, with a particular focus on structured and exotic derivatives. The successful candidate will play a key role in ensuring robust risk management, monitoring exposures, and partnering with trading, structuring, and control functions to manage risk across multiple asset classes.

This position is based in Singapore.

Overall Responsibilities

• Risk Oversight: Monitor and manage the market risk and counterparty exposures of trading desks across Asia, with a focus on OTC derivatives and structured and exotic derivatives in equity, FX, rates, credit, and cross-asset products.
• Risk Analysis: Evaluate complex derivative structures, assess embedded risks, and ensure they are appropriately captured in risk systems and metrics (e.g., Greeks, VaR, stress testing, scenario analysis).
• Limit Framework: Define, review, and enforce risk limits challenge the adequacy of risk-taking activities relative to approved risk appetite.
• Product Coverage: Provide independent risk assessment of new products and complex structures, ensuring risks are well understood and controlled.
• Stakeholder Engagement: Partner with trading, structuring, model validation, finance, and risk methodology teams to ensure accurate pricing, valuation, and risk representation.
• Governance & Reporting: Deliver clear and timely risk reporting to senior management, highlighting key risk drivers, trends, and emerging risks.
• Regulatory Compliance: Ensure adherence to internal policies and external regulatory requirements, including stress testing, capital requirements, and market conduct standards.

Competencies, Skills and Experience

Competencies and Skills

Technical & Analytical Skills
- Risk Identification & Assessment: Skill in analyzing potential operational, financial, and strategic risks using qualitative and quantitative methods.
- Risk Analysis: Proficiency in using programming tools (e.g., Python, SQL, advanced Excel) for risk forecasting, scenario analysis, and stress testing.- Product Knowledge: A deep understanding of multiple asset classes (equities, fixed income, commodities, FX, derivatives) including their valuation and associated pricing models.
- Regulatory Compliance: In-depth knowledge of relevant regulatory frameworks and ensuring the company remains compliant.

Leadership & Interpersonal Skills
- Communication & Stakeholder Management: The ability to articulate complex risk concepts and findings clearly and persuasively to diverse audiences, including senior management, traders, and regulatory bodies.
- Collaboration: Proven experience in managing key stakeholders and coordinating across cross-functional teams.
- Problem-Solving & Decision-Making: The ability to analyze issues, draw on expert advice, and make sound, well-reasoned recommendations under pressure.
- Strategic Thinking & Business Acumen: The capacity to link risk management practices with overall business objectives and provide insights that align with the organization's goals and strategies.

Experience / Qualifications

• Bachelor's or Master's degree in finance, Mathematics, Engineering, or a related quantitative discipline CFA/FRM is a plus.
• 15+ years of market risk or trading/structuring experience within a leading financial institution, with exposure to structured and exotic derivatives.
• Deep understanding of derivative pricing models and risk sensitivities across multiple asset classes (equity, FX, rates, credit, commodities).
• Strong knowledge of risk management frameworks, stress testing methodologies, and capital/regulatory requirements (e.g., FRTB, Basel III/IV).
• Excellent analytical skills and ability to interpret complex risks into clear, actionable insights.
• Strong communication skills with the ability to challenge senior stakeholders and present risk issues concisely.
• Familiarity with risk systems (e.g., Sophis, Bloomberg or in-house platforms) and programming skills (Python, VBA, SQL) highly advantageous.

Company Values
Acting as a role model for the values of the Company:

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 always 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 teamwork. 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 and 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.

Conduct Rules
You must:

• Act with integrity
• Act with due skill, care, and diligence
• Be open and cooperative with the FCA, the PRA and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standard of market conduct