Henderson has become the Swans' technical recruitment scout with immediate effect and will work closely with chairman Huw Jenkins, manager Brendan Rodgers and head of player recruitment Dave Leadbetter.
The role will see him carry out essential and correct due diligence on prospective player targets which will entail personal assessments combined with video, statistical and character analysis for the manager.
He said on landing the job: "I am obviously delighted to be joining the club. It has been well documented in the football world how impressed everyone has been with everything Swansea have achieved, in particular their style of play.
"Tremendous credit must go to all involved and I hope I can help keep this club moving forward. Player acquisition is a critical part of any football club business and great emphasis is now being placed on the technology aspect of that process.
"Clubs are investing in high-tech databases and video analysis systems in order to make a far more sound and in-depth judgement when acquiring players.
"As a club we are putting the infrastructure, technology and staffing in place with the foresight of both the chairman and manager. They both believe strongly in supporting Dave Leadbetter and the department to further enhance our player recruitment process in order to continue working diligently and to invest wisely."
Jenkins said of the appointment: "We are delighted Tim has joined us. He is an experienced and well organised professional who has excellent contacts throughout the game. We have been looking to expand upon the technical aspect of recruitment at the club for some time. Tim specialises in this area and is the perfect fit.
"I am confident he will be a good asset to Swansea City as we look to further develop a key department at the football club."