The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
Role Overview
The Senior Risk Manager will work closely with the Technology Function and Parameta Solutions business to identify, assess, and mitigate operational risks. This role integrates risk management into strategic and change initiatives, ensuring alignment with business objectives. It also provides expert advice, delivers insightful analysis and reporting, ensures compliance with the Enterprise Risk Management Framework and Business Continuity Management requirements, and promotes a risk-aware culture through training and engagement.
Key Responsibilities
Risk Identification & Assessment
Collaborate with Technology and Parameta to identify and assess material risks across business-as-usual, emerging threats, strategic initiatives, and change programs.
Support and challenge risk assessment activities (e.g., RCSA, Top-Down Risk Assessment, Scenario Analysis, Root Cause Analysis).
Deliver timely and accurate risk insights to inform decision-making.
Risk Appetite
Define and review risk appetite thresholds and KRIs in alignment with business activities and risk profile.
Monitor risk profile against appetite and recommend actions for out-of-tolerance risks.
Strategic Risk & Change Management
Assess risks related to strategic initiatives (e.g., M&A, new products, ventures), including financial, operational, regulatory, and cultural impacts.
Review new business requests to ensure risk profiles are understood and mitigated appropriately.
Risk Mitigation & Management
Evaluate and challenge the adequacy of control and policy frameworks.
Support remediation of control deficiencies and assess risk acceptance impacts.
Conduct or support assurance activities, including control testing and targeted reviews.
Risk Monitoring & Reporting
Produce MI and analysis on risk appetite performance, significant events, remediation status, and emerging threats.
Participate in management meetings and risk committees, providing second-line oversight and commentary.
Events, Issues, Risk Acceptances & Policy Breaches
Oversee escalation and mitigation of significant events.
Provide quality assurance over events, issues, and policy breaches.
Lead deep dives into internal/external events and ensure effective remediation.
Business Continuity & Crisis Management
Provide oversight of business continuity plans and crisis response coordination.
Support remediation planning and ensure timely execution of updates following tests or disruptions.
Training & Awareness
Deliver training sessions to enhance risk awareness and competency across Technology and Parameta.
Promote risk management practices through business engagement strategies.
Experience & Competencies
Essential
Experience working in an Operational Risk program within a medium to large financial institution.
Proven ability to collaborate with technology teams on system security, incident response, and data protection.
Bachelor’s degree in business, accounting, finance, or related field; or equivalent professional certification.
Demonstrated, in-depth knowledge of the financial services industry and operational risk frameworks.
Excellent analytical skills with the ability to interpret and present data clearly.
Effective project management and prioritisation skills in high-demand environments.
Solid communication skills with adaptability across technical and senior audiences.
Self-starter with a curious mindset and problem-solving orientation.
Proven stakeholder management skills across diverse and complex environments.
Desired
Experience in an IDB or Capital Markets environment.
Additional risk-related experience beyond Operational Risk.
Familiarity with fixed income, equities, FX, emerging markets, and electronic/algorithmic trading.
Understanding of post-trade workflows supporting these products.
Knowledge of risk models and industry best practices in operational risk.
Experience with GRC systems and business continuity planning.
Exposure to crisis management frameworks and strategic risk assessments.
Job Band & Level:
Manager / 7
#LI-DIR #LI-Hybrid
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
Location
UK - 135 Bishopsgate - London