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. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 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 role holder will lead the regional Financial Risk Management (FRM) team, providing real-time oversight and control of TP ICAP's financial risk profile, including counterparty credit risk, liquidity risk and market risk. Reporting into the Global head of FRM, the role combines regional leadership, strong governance discipline, and deep technical expertise, ensuring financial risks are proactively identified, escalated and managed across the whole Group within approved risk appetite. The role acts as a trusted partner to the business while maintaining robust, independent risk oversight on behalf of the Chief Risk and Compliance Officer and the Board.
Key Responsibilities
Strategic Leadership & Governance
- Lead the regional FRM team and set a clear vision aligned to the Group's global risk strategy.
- Drive the global development, enhancement and consistent adoption of risk frameworks.
- Represent FRM in senior governance forums, including Change Management and Risk Technology Steer-co providing high-impact commentary and challenge.
- Lead global initiatives that modernise risk management, including methodology evolution, automation, and technology transformation programmes.
- Develop team capability, supporting succession planning, coaching, and high-performance culture building.
Financial Risk Oversight & Insight
- Provide real-time oversight of the region's risk profile, ensuring timely identification, escalation, and resolution of emerging issues and limit pressures.
- Produce concise, decision-grade risk intelligence for senior management, including dashboards and committee materials.
- Act as a key risk leader during periods of market stress, providing clear guidance to business and control partners.
- Strengthen forward-looking risk management, including scenario analysis, stress testing and horizon scanning activities.
Counterparty Credit Risk
- Own the matched principal broking limit-setting process for the region across all asset classes, enabling business growth while maintaining robust risk standards.
- Lead the design, maintenance and continuous improvement of client credit scoring frameworks.
- Drive improvements to counterparty exposure measurement, data quality and reporting in partnership with Technology & Data teams.
- Oversee escalation and governance processes, challenging key assumptions and ensuring consistent risk discipline.
Liquidity Risk & Margin Oversight
- Oversee and manage margin and collateral processes, particularly during periods of elevated volatility.
- Enhance predictive tools for margin calls, liquidity stress metrics and early warning indicators.
- Lead the development of forward-looking liquidity risk capabilities that support proactive risk management.
Market & Algorithmic Trading Risk
- Review and challenge applications for market risk permissions at desk level, ensuring alignment with the Group's market risk framework.
- Manage and resolve market risk exposures arising from unmatched or failed trades.
- Build and improve tools that monitor market risk exposures, intraday movements and unusual trading behaviours.
- Contribute to the oversight of algorithmic trading risk, including governance, model review processes and ongoing monitoring.
Experience & Competencies
Essential
- Bachelor's degree in: Finance, Economics, Mathematics, Engineering, Computer Science, or related field.
- Proven experience leading financial risk teams and delivering strategic change.
- Deep expertise in counterparty credit risk, including exposure methodologies, credit scoring, and limit frameworks.
- Expertise in exchange trading and clearing operations.
- Experience across multiple asset classes.
- Strong knowledge of market and liquidity risk dynamics in fast-moving markets.
- Demonstrated success leading cross-functional technology or data transformation programmes.
- Ability to convey complex risk concepts in a clear, actionable way to senior stakeholders.
- High attention to detail, sound judgement, and confidence to provide independent challenge.
Desired
- Master's degree or professional qualification (FRM, CFA, CQF or equivalent).
- Experience with electronic trading platforms such as Trading Technologies, Fidessa.
- Fixed Income or Equity desk experience.
- Practical coding or data analysis skills in Python, R, SQL or equivalent.
- Experience contributing to Group-wide frameworks, large-scale stress tests, or crisis management exercises.
- Exposure to algorithmic trading risk oversight within a regulated environment.
Band & Level
Functional Head / 8
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
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