Head of Fixed Income Operations (VN3103)

Marex•New York, NY

13d•Onsite

About The Position

Marex Group plc is a global financial services platform providing liquidity, market access, and infrastructure services across energy, commodities, and financial markets. The group offers clearing, agency and execution, market making, and hedging and investment solutions, with a strong presence in major metals, energy, and agricultural products and access to 60 exchanges. Marex serves a diverse client base including commodity producers, consumers, traders, banks, hedge funds, and asset managers, with over 2,300 employees across more than 40 offices worldwide. The Operations department, specifically the Fixed Income team, is a control function responsible for ensuring controls are followed and improved. This team, comprising one manager and six staff, emphasizes cross-training to ensure multiple employees can perform any given task. The Fixed Income Operations team supports Credit, Rates, MBS, Repo, and Customer Clearing businesses, with a focus on the US Rates and Credit markets and a growing Fixed Income PB business. The team primarily utilizes vendor systems like Broadridge and Pershing, and is responsible for the full lifecycle of fixed income products. While daily functions are partially outsourced to the Broadridge Managed Products Team, Marex retains ultimate accountability and must supervise the outsourced team's work.

Requirements

Minimum 10 years’ experience in financial services
At least 3 years of managing a team
Obtained the FINRA Series 99
Experience supporting Corporate Bond lifecycle
Experience with US treasuries cash and repo trading
Experience with Fedwire, DTCC clearing, and international settlements
Working knowledge of the following vendor systems strongly preferred: Pershing NetX360, Broadridge (Impact, FinPro, BPS), Bloomberg TOMS, FINRA TRACE
High level of Broadridge BPS applications strongly encouraged
Excellent verbal and written communication skills
Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this

Nice To Haves

Strong leadership skills with aptitude for building and developing talented teams
Comfortable interacting with and presenting to senior management and regulators
Ability to document procedures and controls
Demonstrates curiosity
Excels at building relationships, networking and influencing others
Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Responsibilities

Manage and develop Fixed Income Operations team, and supervise work performed by outsourced Operations Team (particularly Broadridge BPO)
Work closely with the Front Office to establish best practices and gain efficiencies
Review and assist with team’s resolution of customer unaffirmed trades, street-side breaks, and failed trades
Monitor status of Regulatory Trade Reporting for all Fixed Income trades (TRACE)
Partners with internal stakeholders to onboard new business streams and/or vendors
Serve as escalation point for all Fixed Income related life cycle events (Corporate Actions, Settlements, Fails, Securities financing)
Adhere to and propose improvements to control framework
Review daily controls across credit and rates vendor systems (Broadridge, BNY BDC, Pershing NetX360)
Work with all vendors and internal parties to increase automation and strengthen control framework
Supervise defined processes to adhere to regulatory requirements, including but not limited to Possession or Control, 17a-5, transaction reporting, and surveillance
Be responsible for maintaining 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: Ensure 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
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

Benefits

superior execution and superb client service
high ethical standard
open and direct communication
willingness to work hard and collaboratively
people are the basis of our competitive advantage
grow our own
place ambitious, hardworking, talented people choose to build their careers
size and flexibility is an advantage
adaptable and nimble enough to respond quickly to changing conditions or requirements
non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction