Head of OTC Swap Dealer Operations - VN

Head of OTC Swap Dealer Operations - VN2104

New York, NY Full-Time Operations

New York, NYFull-Time Operations

Diversified. Resilient. Dynamic.

Marex is a global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services:
Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. 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 35 offices around the globe, and over 2,300 dedicated people enabling access to exchanges and technology-powered services.

Marex is seeking a Head of OTC Swap Dealer Operations who will be responsible for the end-to-end operational oversight of the firm’s OTC derivatives, Commodity and Swap Dealer activities. This role ensures the accurate, timely, and compliant processing of OTC swaps across their full lifecycle, including trade capture, confirmation, collateral management, settlement, clearing, regulatory reporting, and reconciliation. The role is critical in maintaining regulatory compliance, operational resilience, and strong control frameworks across global swap dealer operations.

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.

The Operations Department is first and foremost a control function. As such the Operations team must ensure controls are followed and always evaluated for improvement. The Operations team will be expected to work on both the daily priorities as well as putting in place the framework for any new products or initiatives.

• Lead and oversee all OTC swap operational functions, including:
  • Trade capture and lifecycle management.
  • Trade confirmation and affirmation.
  • Clearing and settlement (cleared and uncleared swaps).
  • Collateral and margin operations (IM/VM).
  • Valuation, reconciliation, and dispute resolution.
• Ensure operational readiness across asset classes (rates, FX, Crypto, commodities as applicable).

• Ensure compliance with global swap dealer regulatory regimes (e.g., CFTC, NFA, EMIR, FCA, ASIC).
• Oversee regulatory reporting (e.g., SDR, trade repositories) and ensure accuracy, timeliness, and completeness.
• Maintain and enhance operational policies, procedures, and controls in line with regulatory expectations.
• Establish and maintain a robust operational risk framework, including:
  • Key risk indicators (KRIs) and metrics.
  • Incident management and root cause analysis.
  • Control testing and remediation.
• Own operational resilience and business continuity planning for OTC operations.
• Drive automation, system enhancements, and process optimization initiatives.
• Act as a key stakeholder in vendor management and platform selection (e.g., trade capture, confirmation, collateral systems).
• Lead operational readiness for new products, regulatory changes, and strategic initiatives.

• Build, develop, and lead a high‑performing operations team.
• Set clear performance objectives, foster a strong risk, and control culture, and promote continuous improvement.
• Manage third‑party providers and outsourced service relationships where applicable.

• Act as the primary operational contact for Front Office, Risk, Finance, Compliance, and Technology.
• Represent Operations in internal governance forums and external industry working groups.
• Engage with counter parties, CCPs, custodians, and service providers to resolve operational issues.
• Resp…