Group Overview:
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 Front Office Risk & Control team provides a central hub for key business analysis that demonstrates governance and oversight for all business / functional areas within TP ICAP. Key tasks and projects include measuring policy adherence, recommending operational efficiency protocols as well as tracking and implementing solutions.
The role of the Risk & Control Analyst is to review and document all internal processes and controls to ensure adequate oversight & compliance of corporate policy within the 1st Line of Defence. The individual will need to adopt a structured and investigative approach to their workload and be able to present all information in a clear, comprehensive manner, both verbal and written.
The individual will primarily work alongside TP ICAP’s Senior Management (Business & Infrastructure Heads) to identify and document any gaps/enhancements in the current control environment and mature Conduct and Culture framework. The analyst ensures that as risk appetite changes applicable controls and metrics within each business / function remain adequate.
This analyst will help support the Front Office Risk & Control mandate and as such is required to act as the critical partner to embed risk management practices in the 1st Line.
The role will initially be involved in delivering the revised Front Office Risk Management Framework (FORM) and the Conduct Framework during the initial and post-delivery be responsible for ensuring the frameworks are followed throughout the business.
Role Responsibilities:
- Leverage the risk management framework to enhance the 1st Line of Defence MI to demonstrate effectiveness of Risk & Control responsibilities and objectives through dashboards, reporting & key operational risk management tools. The key responsibility is the identification of (through testing), tracking and monitoring of actions relevant to key control gaps and remediation.
- Assist Risk with the preparation and maintenance of a comprehensive control’s library reflecting all key controls by identifying control gaps communicating rectification controls. Establish a standard process for the definition, assessment, and comparison of each control across TP-ICAP.
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Working with Compliance & Group/Regional Risk Management, manage the 1LOD responsibilities relevant to the Operational Risk Framework.
- Planning, maintenance, and execution of the front office control attestation for respective coverage areas in accordance with policy.
- Assist regional GB FORM lead in control execution for Front Office and/or Front Office Control-related activities.
- Coordinate root-cause analysis of risk events >GBP 25K and coordinate remedial actions.
- Conduct targeted reviews into areas of desks of concern.
- Coordinate annual desk mandate review process & conduct periodic review of desk mandates.
- Coordinate semi-annual review of desk maintained IT tools in accordance with the EUDA policy
- Coordinate a quarterly review of regional algo inventory.
- Quality assurance & management of the risk event reporting in the 1st Line of Defence.
- Maintenance and execution for respective first line control tests as requested by management.
- Collaborate, review, and challenge the Conflicts of Interest register maintained by Compliance for APAC GB. Complete necessary reporting to group as required.
- Provide oversight of policy breaches and ensure accurate recording in systems. Provide reporting on policy breaches and assist in managing the firm’s Culture & Conduct agenda. (i.e., support SMCR assessments, PCB workflow and reporting).
- Assist in execution of front-line training/engagement activities (i.e., Risk/Control/Conduct & Culture)
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Governance & Supervision
- Assist Regional Head of FORM with preparation of information for committees and meetings.
- Prepare information and complete analysis on remote office, WFH activities and ensure sufficiency of branch supervisory activities (i.e., completion of checklist and visit to offices)
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Change Management facilitation of new activities and initiatives as follows:
- Assist CMF and IT project rollout by providing control suggestion and workflow information. Assist in coordination for the governance/approval process for new front office business initiatives (i.e., at times working side-by-side with applicable Business Managers, etc.)
- Assist APAC project managers and COO coordinate the implementation of new business initiatives including user acceptance testing (UAT) and compliance with any pre-launch approval conditions.
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Market Risk Monitoring & Escalation
- Assist risk and regional management with the identification and management of regional areas of risk exposure including staying abreast of current market events/disruption impacting TP ICAP.
- Assist Regional Head of FORM with understanding of the regions Settlement practices/processes (inclusive of broking model type, Settlement Cycle, Clearing, etc.)
- Identify, investigate emerging risks
- Administer the control attestation / desk head checklist process for APAC GB ensuring accurate and timely submission for all centres.
- Maintain detailed workflow diagrams of trade execution for each desk in APAC and maintain a list of systems utilised by desk for APAC GB. Work with IT to ensure constantly up-to-date and available.
- Assist APAC COO with Front Office process improvement projects as required.
- Provide analysis and reporting on Front Office risks as requested by APAC COO.
- The individual is required to take initiative, managing all aspects of their objectives and projects through to completion.
- The individual will also be required to promote the key message and mission statements of the Business Control objectives and promote an engaging, open, honest, and diverse work environment and team.
Experience / Competences:
- The individual needs to be able to demonstrate relationship building skills, both internally and externally.
- Able to lead, influence and negotiate with a team and/or senior management to drive change. Impact assessment skills paired with an analytical / agile mindset with the ability to aggregate information and report in a timely manner.
- Collaborative, proactive, and responsive mind-set.
- Experience with auditing, risk management (to include non-financial and financial risk) and/or control/compliance testing would be preferred.
- Strong personal organisational skills with the ability to deliver under pressure with tight deadlines accompanied by excellent written and oral communication skills with evidence of attention to detail.
- Experience with an Inter-Broker Dealer and/or Investment banking would be preferable with extensive product knowledge and experience of key processes e.g., knowledge of operational trade flows, Settlement and Clearing.
- Experience within a control discipline e.g., Accounting / Finance / Operations/ Risk / Compliance / Audit.
- Practical knowledge and skills in Microsoft Office - Word, Excel, PowerPoint, Outlook and, Visio.
- Knowledge Risk Management Principles, Operations, and awareness of key Compliance concepts (Risk & Control Self Assessments (RCSAs), Risk Event reporting, Key Risk Indicators (KRIs), Key Control Indicators (KCIs), Scenario Analysis, Control Testing Framework, End-to-End Process & Controls reviews, and New Business governance
- Governance Risk & Compliance (GRC) systems
- Minimum 2 – 3 years’ experience with Bachelor’s Degree
Job Band and Level: Professional, 5
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
Australia - Level 27 - Castlereagh Street - Sydney