Senior Fixed Income Operations Lead (VN3103)

Marex•New York, NY

4d•Hybrid

About The Position

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. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. 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 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas. For more information visit https://www.marex.com/ 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. Operations is first and foremost a control function. As such the Fixed Income team must ensure controls are followed and always evaluated for improvement. The team consists of one manager and six staff. While everyone has a daily focus, the expectation is to be cross trained as much as possible. Any single function performed within this team should have a minimum of 2-3 employees who can step in and comfortably complete the task(s). Fixed Income Operations supports the Credit, Rates, MBS, Repo, and Customer Clearing businesses. The Fixed Income business is well established in both the US Rates and Credit markets with a growing Fixed Income PB business. The Fixed income business is supported primarily on vendor systems, with Broadridge and Pershing being the two most used for this activity. The Marex Ops team is responsible for supporting the full life cycle events for all fixed income products traded by the various businesses. While a large portion of the daily functions have been outsourced to the Broadridge Managed Products Team, Marex is ultimately accountable for all output, and thus supervising the Broadridge team’s work is imperative.

Requirements

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
Minimum 10 years’ experience in financial services overall
At least 3 years of overseeing employees
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

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: 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
Duties include ensuring appropriate systems and controls are in place for reporting and compliance under SOX
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
The Company may require you to carry out other duties from time to time