Head of Treasury Operations

The Head of Treasury Operations, EMEA is responsible for leading the regional Treasury Operations function and ensuring the effective, controlled and scalable execution of Treasury operational processes across EMEA.

The role requires a senior operations leader with deep experience in cash management, payments, reconciliations, securities settlements, client money controls, Treasury systems administration, regulatory control frameworks and operational risk management within a regulated financial services environment.

The role will own the end-to-end Treasury Operations control environment for EMEA, including oversight of the junior operational responsibilities within the team, and will provide leadership across daily operations, control execution, regulatory deliverables, audit readiness, process improvement, systems change and cross-functional collaboration.

The role will partner closely with the broader Treasury teams, Finance, Risk, Compliance, Technology and Operations to support business growth while maintaining strong governance, documentation and operational resilience.

Treasury Operations oversees all aspects of cash management, liquidity operations, payments, securities settlements, reconciliations, bank portal administration, SOX controls, audit support, and operational change delivery across the Treasury function.

• Overall Responsibilities
• Lead the EMEA Treasury Operations function, ensuring daily activities are executed accurately, on time and in line with policies, procedures, regulatory requirements and agreed control standards.
• Own the regional operating model for Treasury Operations, including team structure, task allocation, escalation routes, capacity planning, documentation standards and operational resilience.
• Establish and enhance the EMEA intraday liquidity operating model, improving visibility, control and transparency over intraday cash usage through formal buffers, thresholds, automated reporting, business-driven forecasting, back testing and clear attribution of liquidity movements.
• Provide oversight of junior team responsibilities across bank portals, Treasury systems access administration, cash and liquidity operations, payments, reconciliations, CASS client money processes, reporting and issue management.
• Administer and oversee user access, entitlements and segregation-of-duties controls across bank portals and Treasury systems, including periodic access reviews, signature list updates, mandate controls and monitoring of system administration changes.
• Support system enhancements, UAT, incident tracking, release management and process documentation, ensuring access matrices, workflows and control evidence remain complete and up to date.
• Maintain the control framework for cash positioning, liquidity reporting and cash placement activities, including policy adherence, approvals, limit checks, FX-related operational controls and interest calculation validation.
• Oversee payment processes and ensure appropriate controls are in place for payment initiation, approval, release, sanctions-related checks in coordination with Compliance, and timely escalation of exceptions.
• Oversee Nostro, broker, exchange, securities and bank reconciliations, ensuring breaks are investigated, escalated and resolved, and that data quality or system discrepancies are addressed with the relevant teams.
• Ensure effective support is provided to Financial Control and Legal Entity Controllers for treasury-related balance sheet substantiation, including data preparation, variance analysis and provision of control evidence.
• Maintain Treasury’s internal control framework, including SOX control execution, evidence retention, internal audit coordination, remediation tracking, incident reporting and close-out of control issues.
• Prepare and review operational reporting packs, control dashboards, KPIs and metrics for management, using these outputs to identify trends, risks and areas requiring management attention.
• Lead operational incident management, including root-cause analysis, corrective action tracking and communication of lessons learned across the team.
• Contribute to impact assessments for new business proposals affecting Treasury Operations, ensuring operational readiness, control implications, systems impacts and resourcing requirements are understood.
• Partner with the Treasury Operations Change team to identify opportunities to automate, streamline or standardise processes and controls, and to support delivery of system upgrades, new banking integrations and strategic Treasury projects.
• Partner closely with Finance, Technology, Risk, Compliance and Operations to deliver end-to-end improvement initiatives and ensure Treasury Operations processes support the firm’s growth.
• Coach, develop and provide guidance to Treasury Operations staff, setting clear expectations on best practice, process discipline, control awareness and system usage.
• Ensure compliance with the company’s regulatory requirements under the FCA and adherence to the operational risk framework applicable to the role.
• Role model the highest standards of integrity and conduct, reflecting Company Values and complying at all times with the FCA’s Code of Conduct.
• Ensure awareness of, and adherence to, internal policies relevant to the role and elevate breaches, incidents and risk events promptly in accordance with policy requirements.
• Provide input to risk management processes, control assessments and operational governance forums as required.
• Competencies
• Strong leadership capability, with experience managing teams, setting standards, developing talent and creating a controlled, accountable and collaborative operating environment.
• Excellent verbal and written communication skills, with the ability to explain operational risks, control issues and process improvements clearly to senior stakeholders.
• Collaborative and relationship-driven, able to partner effectively across Treasury, Finance, Risk, Compliance, Technology, Operations and external banking providers.
• Control-minded and detail-oriented, with sound judgement, strong escalation discipline and the ability to balance operational delivery with risk management.
• Resilient and organised in a fast-paced, high-volume environment, with the ability to prioritise, delegate and maintain service quality under pressure.
• Proactive and improvement-focused, with curiosity, commercial awareness and the ability to identify opportunities to simplify, automate or strengthen processes and controls.

Skills/Experience

• Significant Treasury Operations experience within a regulated financial services environment, ideally including regional or multi-entity responsibility.
• Strong experience in intraday liquidity management, including cash flow forecasting, liquidity buffer setting, threshold monitoring, real-time dashboards, stress output integration, back-testing and management of intraday funding sources.
• In-depth knowledge of cash management, liquidity operations, payments, bank account administration, bank portal controls, Treasury systems access administration and operational risk controls.
• Strong understanding of Nostro, broker, exchange, securities and bank reconciliations, including break management, data integrity, system-to-GL flows and balance sheet substantiation processes.
• Experience overseeing CASS client money reconciliation processes.
• Good understanding of FX, cash placement, interest calculation processes, SWIFT/payment workflows, securities settlements and futures and options cash flows driven by initial margin and variation margin.
• Experience maintaining internal control frameworks, including SOX controls, audit evidence, remediation tracking, issue management, incident reporting and operational governance.
• Proven experience delivering or supporting Finance/Treasury systems projects, UAT, release management, banking integrations, process automation and control enhancements.
• Good understanding of regulatory, compliance and operational risk requirements relevant to Treasury Operations, including FCA conduct expectations, KYC, sanctions-related payment controls and anti-money laundering principles.
• Conduct Rules
• Act with integrity.
• Act with due skill, care and diligence.
• Be open and cooperative with the FCA, the PRA and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standard of market conduct.
• Act to deliver good outcomes for retail customers.

Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all.

We will provide reasonable adjustments to remove any disadvantage to you being considered for this role.

We value the differences that a diverse workforce brings to the company.

We welcome applications from candidates returning to the workforce.

Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

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