Senior Financial Risk Manager

Role Overview

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. The role reports to the Global Head of FRM, combining regional leadership, governance discipline and deep technical expertise to proactively identify, escalated and manage financial risks across the Group within approved risk appetite. It serves as a trusted partner to the business while maintaining independent 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.
  • 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 through 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.
  • 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.

Essential Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science or a 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 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.
• 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.

Desired Qualifications

• Master’s degree or professional qualification (FRM, CFA, CQF or equivalent).
• Experience with electronic trading platforms such as Trading Technologies or Fidessa.
• Fixed Income or Equity desk experience.

Band & Level

Functional Head / 8

Location

UK – 135 Bishopsgate, London

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