ED&F Man Capital Markets (“MCM”) is recruiting for an Operational Risk Manager to join the Risk Department of this fast-paced Brokerage division of ED&F Man Group. This is a new role which will focus on developing and enhancing the Operational Risk framework for the firm and to implement the monitoring, capturing and testing environment across the business lines. The successful candidate will report to MCM’s Chief Risk Officer for the European Capital Markets Division.
• Develop and enhance the firm’s existing Operational Risk Framework and Standards.• Embed MCM’s improved Operations Risk Policy within the business. • Work with the line of business to ensure that all Risk Events are comprehensively captured in a timely manner.• Identify business operational risk issues, and be proactive in capturing possible mitigants and promoting possible solutions to manage any residual risks.• Escalate, report and investigate errors, losses and near misses, identifying the root causes and overseeing the implementation of corrective actions.• Analyse data and errors to identify emerging risks, related to new products or business process changes and propose effective solutions.• Participate in the selection of Operational Risk application and infrastructure • Co-ordinate the implementation of the selected Operational Risk system to capture incidents and manage the workflow surrounding incident report requirements.• Manage and drive MCM’s RCSA process across the European business.• Provide management information and reporting on operational Risk exposures, incidents and trends.• Provide input of operational risk exposures within MCM’s Governance reporting to various Group Committee’s.• Provide input into MCM’s Cybersecurity Committee and approach.
Skills & Qualifications
• BSc/BA degree minimum• Strong background in Operational Risk methodologies with at least 6 years of experience gained within a financial institution• Familiarity with Brokerage business model and strategy• Knowledge of one or more of the following areas: Foreign Exchange, Exchange cleared derivatives, OTC derivatives, Equities (settlement and clearing), Fixed Income. Base and precious metals.• Excellent presentation skills • Excellent written and verbal communication skills. • Experience in documenting written policy useful.• Strong analytical and IT skills would be a distinct advantage (Excel VBA, SQL).
Who We Are
Established in 1783, ED&F Man is an employee-owned agricultural commodities merchant with 7,000 people in 60 countries and annual revenue in excess of $10bn. We trade sugar, coffee, molasses, animal feed, grains and pulses. We help our counterparties manage price risk through hedging and provide access to commodity and capital markets through our brokerage business.
Our global financial brokerage blends the heritage and experience of ED&F Man with our capital markets expertise. Our business ethos centres on integrity, trust, client care and astute risk management. We execute orders for institutional investors, hedge fund managers and professional traders across a broad range of asset classes including: metals; ags & softs; energy; foreign exchange; equities; fixed income; and futures & options.
Our services include trade processing, clearing, execution, market making and agency based electronic and voice brokerage. Using our world-class IT infrastructure, we also offer specialised connectivity, hosting, network and infrastructure services to firms seeking optimised low latency derivative trading and clearing solutions. Our strong capital base and balance sheet enable us to offer stability, assurance and strength.
Here at ED&F Man we are guided by our five company values: Respect, Integrity, Meritocracy, Client Focus and Entrepreneurship.
Our values are underpinned by a set of essential behaviours, which form part of our performance management approach. Delivering on our objectives is very much about ‘what’ we do, but these essential behaviours also provide a guide and measure for ‘how’ we do things.
As part of the annual performance review, all employees are measured either against a set of five Leadership Essentials if you are a people manager or four Performance Essentials if you are an individual contributor.
1. Drives Innovation2. Leads People3. Delivers Results4. Collaborates5.Manages Resources
1. Drives Innovation 2. Leads People 3. Delivers Results 4. Collaborates
Equal Opportunities Statement
ED&F Man is committed to promoting equal opportunities in employment. All qualified applicants will receive equal treatment without regard to race, colour, sex, gender, age, religion or belief, ethnic or national origin, marital or civil partner status, physical or mental disability, military or veteran status, sexual orientation, gender reassignment (identity, gender expression), genetic information or any characteristic protected by local law.