Risk & Control Officer

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.
- 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)
- 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)
- Change Management facilitation of new activities and initiatives as follows:

- Assist CMF and IT project r