Head of FX & Interest Rate Derivatives Operations (VN2748)

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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