Marex · 19 hours ago
Head of OTC Swap Dealer Operations - VN2104
Chicago, IL
Full-time
Onsite
Director/Executive
$125K/yr - $150K/yr
10+ years expMarex is a global financial services platform providing essential liquidity and market access to clients in various markets. The Head of OTC Swap Dealer Operations will oversee the operational functions of OTC derivatives, ensuring compliance, operational resilience, and effective management of trade processing and regulatory reporting.
FinanceFinancial ServicesManagement Consulting
Responsibilities
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 counterparties, CCPs, custodians, and service providers to resolve operational issues
Responsible to maintain the internal control assigned to you in compliance with Sarbanes Oxley
Day-to-day implementation, monitoring, and verification of internal controls designed to mitigate financial reporting risks and ensure SOX compliance
Implement and Maintain Controls: This involves ensuring that internal controls are designed, documented, and implemented effectively to address identified financial reporting risks
Monitor and Test Controls: Regularly assess the effectiveness of controls through testing and monitoring to ensure they are operating as designed and remain effective over time
Assist with internal quarterly reporting as applicable
Ensure appropriate systems and controls are in place for reporting and compliance under SOX
All employees are expected to understand and comply with any Sarbanes Oxley operational requirements relevant to their role
Ensuring compliance with the company’s regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges
Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with
Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values
At all times complying with Marex’s Code of Conduct:
To ensure that you are fully aware of and adhere to internal policies that relate to you, your role, or any other activities for which you have any level of responsibility
To report any breaches of policy to Compliance and/ or your supervisor as required
To escalate risk events immediately
To provide input to risk management processes, as required
Qualification
Required
Bachelors' degree with concentration in Finance, Economics, or related field is required
At least 10 (ten) years' experience in a relevant Financial Institution working within operational functions, with management experience preferred
Extensive experience of front to back trade processing, strong preference for OTC derivatives, especially for asset classes: commodity, FX, interest rate, and cryptocurrency
In depth knowledge of Global Markets and the applicable the Regulatory Reporting requirements
Project management and execution, with strong preference for past experience in firm integrations and implementing change around systems and processes
Excellent verbal and written communication skills
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this
Company
Marex
Marex (Nasdaq:MRX) is a diversified financial services platform.
1001-5000 employees
H1B Sponsorship
Marex has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (11)
2024 (5)
2023 (1)
Funding
Current Stage
Late StageLeadership Team
Christine Lofland
Chief Financial Officer-FCM
Michael Bolan
Chief Financial Officer
Recent News
StreetInsider.com
2025-05-04
2025-05-03
Company data provided by crunchbase