Chief Risk Officer - Energy & Commodities

TP ICAP Group; London; Hybrid; GBP 120,000 - 160,000; Full time

Job summary

A leading market infrastructure provider in London is seeking a Chief Risk Officer (CRO) for its Energy & Commodities Division. This senior leadership role involves effective risk management oversight, strategic decision-making, and driving a proactive risk culture. Ideal candidates have extensive experience in risk management within the financial services sector and a solid understanding of the Energy & Commodities market, along with exceptional stakeholder management skills.

Benefits

Inclusive work culture

Opportunities for professional development

Qualifications

• Extensive experience in senior risk leadership within a global organization.
• Deep knowledge of enterprise risk management frameworks.
• Proven understanding of the Energy & Commodities market.
• Exceptional stakeholder management skills.
• Demonstrated experience leading diverse, high-performing teams.

Responsibilities

• Provide strategic risk management insight to executive leadership.
• Foster a proactive risk culture across the Division.
• Monitor the Division’s risk profile using Key Risk Indicators.
• Lead the Division’s processes for risk identification and evaluation.
• Ensure compliance with applicable regulatory requirements.

Skills

Stakeholder management skills

Experience in financial services

Risk management knowledge

Strong communication skills

Analytical mindset

Leadership skills

Education

Undergraduate degree in finance or related field

Tools

Governance, Risk, and Compliance (GRC) platforms

Job description

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 Chief Risk Officer (CRO), Energy & Commodities will serve as a strategic partner to the Division’s leadership, embedding risk management into both long-term planning and day-to-day decision-making. This senior leader will provide oversight of all risk-related matters across the Division, ensuring alignment with the Group’s Enterprise Risk Management Framework (ERMF) while maintaining a proactive stance on emerging risks, regulatory obligations, and risk appetite. Acting as a trusted advisor, the CRO will drive the identification, evaluation, and mitigation of risks across trading, operational, regulatory, and change management activities, while leading Division-level governance forums and contributing to global risk committees. They will champion a culture of risk awareness, ensuring transparency, timely reporting, and accountability across all levels of the business.

The CRO will lead and inspire a global team of risk professionals, providing strategic direction while overseeing key risk indicators, issue remediation, and input into new business initiatives, M&A activity, and product development. The ideal candidate will bring deep expertise in risk management within the Energy & Commodities markets, strong understanding of electronic and algorithmic trading environments, and the ability to engage credibly with senior stakeholders and regulators. As part of the senior Risk Leadership Team, the CRO will play a key role in shaping the function’s vision and operating model, while promoting diversity, equity, and inclusion. This is a highly visible and commercially oriented leadership role, offering the opportunity to shape risk strategy across a dynamic and fast-paced global division.

Please note: While the role is listed as being based in London, we are open to considering candidates located in other TP ICAP Group office locations, depending on the suitability of the individual and business needs.

Role Responsibilities

• Serve as a trusted advisor to the Division’s executive leadership, offering expert risk management insight on strategic, operational, and commercial matters to support well-informed, forward-looking decision-making.

• Build collaborative and respectful relationships with leaders and colleagues across the Division, embedding a proactive risk culture into everyday business activities and decision-making processes.

• Partner closely with business teams to manage end-to-end risks within the Division, ensuring alignment with the Group’s risk appetite. Proactively review, challenge, and strengthen the Division’s risk profile, ensuring all material risks are identified and effectively mitigated.

• Champion the implementation and consistent operation of the Group’s Enterprise Risk Management Framework (ERMF) across the Division, supporting shared accountability and sustainable risk practices.

• Lead the Division’s risk governance structure, chairing or contributing to forums and committees responsible for risk oversight, and participating in global governance activities that reflect the interconnected nature of enterprise risk.

• Ensure timely, accurate, and transparent risk reporting to Division Executive Management, the Group Risk function, and other internal governance bodies, enabling informed oversight and action.

• Lead the Division’s processes for risk identification, evaluation, and ongoing assessment—actively tracking emerging risks and promoting a culture of early escalation and shared accountability.

• Oversee the remediation of risk events, coordinating effective action planning, issue tracking, and risk acceptances, while encouraging open discussion and continuous improvement.

• Monitor the Division’s risk profile using a robust framework of Key Risk Indicators (KRIs), ensuring that thresholds are meaningful, inclusive, and aligned to business context.

• Provide constructive challenge and strategic oversight for business growth activities, including new initiatives, mergers and acquisitions, transformation projects, and product innovation, ensuring risks are understood and managed from the outset.

• Contribute to the Group’s Risk Assurance programme by supporting thematic reviews, deep dives, and follow-ups that help strengthen the Division’s control environment and resilience.

• Ensure the Division’s full compliance with applicable regulatory requirements related to risk management, working collaboratively with internal teams to prepare clear, accurate, and timely regulatory submissions.

• Provide clear, empowering leadership to the Division’s risk team—creating an inclusive, values-driven environment where colleagues can thrive, contribute fully, and grow their careers.

• Represent the Division in internal and external forums as a senior member of the Risk Leadership Team, offering thought leadership on risk matters and championing diversity, equity, and inclusion across the function.

• Provide leadership and operational support to the broader Group Risk function and the Group CRO as needed, contributing flexibly to cross-divisional or enterprise-wide initiatives.

• Act as the senior risk leader for the assigned region, applying the responsibilities above with a regional lens and serving as a trusted point of contact for regional leadership and stakeholders.

Experience / Competences

Essential

• Extensive experience in senior risk leadership within a global organisation, ideally in financial services, commodities, or a regulated environment, with a track record of delivering risk oversight in complex, fast-paced settings.

• Deep knowledge of enterprise and operational risk management frameworks, with the ability to assess, challenge, and improve risk profiles across diverse business areas.

• Proven understanding of the Energy & Commodities market, including product structures, trading activities, and associated risks.

• Exceptional stakeholder management skills, with proven ability to influence, advise, and collaborate with senior executives, board members, and global peers.

• Demonstrated experience leading and developing diverse, high-performing teams, including across multiple locations and time zones, fostering an inclusive and supportive team culture.

• Outstanding communication and presentation skills, with the ability to clearly convey complex risk concepts to technical and non-technical audiences alike.

• Strategic and analytical mindset, able to navigate ambiguity, synthesise information quickly, and make sound risk-based recommendations.

• Hands-on and collaborative leadership style, combining strategic insight with a willingness to engage in operational detail when needed.

• Commercial acumen, with a solid grasp of business drivers and how risk management supports sustainable commercial success.

• Undergraduate degree (or equivalent experience) in a relevant field such as finance, economics, risk, law, or business. Equivalent practical experience will also be considered.

Desired

• Experience in a broker-dealer, trading, or market infrastructure environment, including familiarity with relevant regulations and control expectations.

• Knowledge of electronic and algorithmic trading and the specific risk considerations they entail.

• Experience with financial risk management frameworks, including credit, market, and liquidity risk.

• Proficiency with Governance, Risk, and Compliance (GRC) platforms and risk analytics tools to support decision-making and reporting.

• Postgraduate or professional qualifications in risk management (e.g. FRM, PRM, IRM) or related fields are welcomed but not required.

• Active engagement with the risk management community and current on emerging practices, risks, and trends in the industry.

• Commitment to continuous learning, inclusive leadership, and advancing equity and diversity in the workplace.

Job Band & Level:

• Function Head / 9

#LI-DIR #LI-Hybrid

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 - 3rd Floor Verde Building