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
A Risk Advisory Business Partner works closely with the business units to identify, assess, and mitigate operational and financial risks. They integrate risk management into strategic and change management initiatives, ensuring alignment with business objectives. Additionally, they provide expert advice and support in mitigating and managing risk exposure in a commercial way, deliver meaningful analysis and reporting to both the business and senior management, ensure compliance with the risk framework and business continuity management requirements, and conduct training to enhance risk awareness and competency across the organisation.
Role Responsibilities:
Risk Identification and Assessment
- Collaborate with the business to identify and assess its material risks from business-as-usual activities, emerging risks, strategic initiatives and change programmes - ensuring these are understood as part of commercial and decision-making processes
- Support the business in conducting risk assessment activities (e.g. Risk and Control Self-Assessment, Top-Down Risk Assessment, Scenario Analysis, Root Cause Analysis), and apply expertise to challenge assumptions and ensure assessments are thorough and complete
Risk Appetite
- Work proactively with the business to define the Group’s risk appetite, including thresholds and key risk indicator (KRI) metrics, ensuring alignment with the business’s activities and risk profile
- Review the business’s risk profile against the defined risk appetite and collaborate to identify appropriate actions for risks that fall outside acceptable parameters
Strategic Risk & Change Management
- Partner with the business to identify, assess, and manage risks that may hinder the achievement of its long-term strategic objectives
- Support the assessment of risks related to strategic initiatives (e.g. M&A, new product development, new business ventures), including financial, operational, regulatory, and cultural impacts- ensuring informed decision making and smooth execution.
- Review new business requests as part of the Change Management Process to ensure a complete and accurate understanding of the initiative and its risk profile, and confirm that appropriate mitigation actions are taken by the business and support functions
Risk Mitigation and Management
- Ensure the business actively and appropriately manages its end-to-end risk profile in a commercially sound manner
- Partner with the business to evaluate the adequacy of control and policy frameworks in mitigating inherent risks, and challenge assumptions to ensure controls are effective
- Support and challenge the business in identifying and addressing deficiencies in its control and policy frameworks
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Provide constructive challenge to:
- ensure plans to address control deficiencies are robust and timely
- Confirm that risk-based analysis has been conducted to assess the impact of risk acceptance on the business's risk profile
- As needed, collaborate on or conduct assurance activities, including control testing and targeted risk reviews on key topics across the Group
Risk Monitoring and Reporting
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Support the business in monitoring its end-to-end risk profile, ensuring the production of appropriate MI, analysis, and commentary, including:
- Performance of risk appetite metrics and KRIs against established thresholds
- Significant internal and external risk events that could impact the business, and the Group’s response to reduce recurrence
- Status of significant issues and remediation efforts
- Identified risks and proposed mitigation actions
- Risk-related data (e.g., events, issues, metrics) to identify meaningful trends
- Assurance activities conducted by the Risk team
- Participate in regular engagement and management meetings to provide an independent second-line view of the business’s risk profile
- Provide monthly updates on risk-related MI, emerging threats, and analysis for Risk Leadership Team meetings
- Draft commentary for risk committees as required
Events, Issues, Risk Acceptances and Policy Breaches
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Support the business in:
- Taking immediate action to mitigate or contain significant events and escalating them appropriately
- Managing day-to-day risk matters in accordance with the risk framework
- Provide quality assurance over events, issues and policy breaches
- Assist the business in conducting deep dives into significant internal and external events, ensuring controls are adequate and effective. Where deficiencies are identified, ensure remediation plans are developed and executed
Business Continuity Planning and Crisis Management
- Provide independent oversight of business continuity plans to ensure operational resilience during and after disruptions
- Support the development and execution of remediation plans where gaps are identified during Business Continuity tests, and ensure plans are executed in a timely manner and updated accordingly
- Partner with the business to coordinate with crisis management teams, ensuring effective response and recovery actions in line with the Group’s crisis management framework
Training and Awareness
- Promote a risk-aware culture across the business by coordinating and conducting training sessions to enhance risk awareness and competency
- Raise awareness of risk management practices, leveraging Risk function’s business engagement strategy
Experience / Competences:
Essential
- Experience working in an Operational Risk program within a medium to large financial institution, ideally in an IDB or Capital Markets environment. Additional risk-related experience is a plus
- Bachelor’s degree in business, accounting, finance, or a related field; equivalent experience or a relevant professional certification is also acceptable
- Solid knowledge of the financial services industry and the regulatory framework in APAC
- Strong understanding of fixed income, equities, foreign exchange and emerging markets products. Familiarity of electronic and algorithmic trading is a plus
- Good understanding of the post-trade workflow supporting the above products
- Good understanding of risk models and measures, as well as industry best practices in operational risk management
- Excellent communication skills, with the ability to tailor messaging and style to suit different audiences, Demonstrates adaptability through technical knowledge, interpersonal skills, and awareness of seniority
- Excellent analytical skills and ability to interpret, summarise, and present data clearly and effectively
- Effective project management, organisational and prioritisation skills in an environment with multiple competing demands
- A curious, self-starting mindset with strong problem-solving skills and a desire to contribute to building a world-class, risk-aware culture
Job Band & Level: Manager 6
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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
Hong Kong - 20th Floor - One Hennessy - Wan Chai