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.
Role Summary
The Head of FX & Interest Rate Derivatives Operations is a senior role overseeing day‑to‑day operations, automation, governance and on‑going initiatives of the Capital Markets FX, Interest Rate, Crypto and Structured FX/Rates Operations Teams. The role involves operational leadership, risk management and cross‑functional collaboration.
Responsibilities
- Oversee daily processing of FX, Crypto and Interest Rate transactions (spot, forward, swaps, NDFs, IRS, FRAs, etc.).
- Recruit, retain and manage a global team, set strategies, educate and motivate staff, ensuring business continuity.
- Work with technology to automate and streamline processes for scalable, efficient operations.
- Make key decisions around processes, systems and vendor negotiations; deliver strategic solutions.
- Escalate operational issues to Head of OTC Operations promptly; lead resolution.
- Act as escalation point for all issues arising from relevant desks.
- Stakeholder for review of new business initiatives (BCACs) from operations perspective.
- Handle operational incidents, address control gaps, mitigate risk and meet SOX compliance.
- Support in‑house application support, FSS, Calypso, XTP & Sernova, ensuring optimal system configuration and automated STP.
- Identify and implement opportunities for system and resource consolidation.
- Implement controls to prevent operational errors, fraud and compliance breaches.
- Ensure regulatory compliance (EMIR, MiFID II, Dodd‑Frank, FCA, etc.).
- Collaborate with Finance and Treasury for payments workflow and system integration.
- Maintain documentation and procedural manuals.
- Support business acquisitions, facilitating system & people integration.
- Model integrity, conduct and adhere to the FCA Code of Conduct and Marex Code of Conduct.
- Report policy breaches, escalated risk events and provide input to risk management processes.
Competencies
- Excellent verbal and written communication.
- Collaborative team player, approachable, self‑efficient and influences a positive work environment.
- Curiosity and resilience in fast‑paced environments.
- Ability to take high responsibility in a high‑volume context.
- Excellent relationship building, networking and influencing skills.
- Strategic collaboration with insight and agility.
Skills and Experience
- 10+ years in financial services with at least 5 years in senior operations or leadership focused on FX and interest rate products.
- Direct experience managing global or regional operations teams.
- Experience with complex operational processes involving derivatives and structured products.
- Track record of successful process improvement or automation initiatives.
- Prior experience onboarding new markets, products or systems.
Product & Market Expertise
- FX: Spot, Forward, Swaps, NDFs, Options, TARFs.
- IR: Swaps, FRAs, Caps / Floors.
- Deep understanding of trade life cycle and post‑trade processes.
- Awareness of global market practices and cut‑off times.
Operational Excellence
- Proficiency in transaction processing, confirmation, settlement and reconciliation.
- Experience with clearing and settlement platforms (CLS, SWIFT).
- Experience managing large operational teams and high‑volume workflows.
Risk Management & Controls
- Strong grasp of operational, settlement and credit risk in FX & IR operations.
- Knowledge of internal controls, escalation procedures and exception handling.
Technology & Systems
- Hands‑on experience with trade capture and risk systems such as FSS, XTP, Calypso, MarkitWire, Bloomberg, Reuters.
- Proficiency in operations and workflow tools; understanding of straight‑through processing (STP), automation and digital transformation.
Leadership & Strategic Thinking
- Proven experience leading diverse, local and global teams.
- Ability to drive strategic initiatives and large‑scale change.
- Skilled in performance management, coaching and team development.
Stakeholder & Communication Skills
- Strong communication skills to interact with Front Office, Risk, Legal, Compliance, Technology, Regulators.
- Ability to manage conflicts and navigate high‑pressure situations.
Conduct Rules
- Act with integrity, due skill, care and diligence.
- Comply with applicable federal and ADGM AML/TF/Sanctions laws.
- Cooperate with law enforcement and regulatory authorities on investigations.
- Pay due regard to customers' interests and treat them fairly.
- Observe proper market conduct standards.
Company Values
- Respect – Clients are at the heart of our business; we treat them fairly.
- Integrity – Doing business the right way is the only way.
- Collaborative – Working in teams with open communication.
- Developing our People – Grow our own and create a career‑building environment.
- Adaptable and Nimble – Quick response to changing conditions; non‑bureaucratic control.
EEO Statement
Marex is an inclusive employer and values diversity. We provide reasonable adjustments where needed and do not consider conflicts of interest in the hiring process.
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