Senior Risk Manager - Energy & Commodities

TP ICAP Group; Greater London; Hybrid; GBP 90,000 - 140,000; Full time

Job summary

TP ICAP Group in London seeks a Senior Risk Manager to partner with Energy & Commodities in the Second Line of Defence. You will work with Front Office and senior stakeholders to embed risk considerations into daily decisions and ensure adherence to the firm’s risk framework.

Responsibilities include leading RCSA, scenario analysis, stress testing, and risk reporting to senior management. Focus on incident management, resilience planning, and risk-informed decision making.

Qualifications

• Proven experience in Operational Risk within financial services.
• Understanding of risk frameworks, governance and regulatory expectations.
• Experience working with Front Office / revenue-generating businesses.
• Ability to assess, challenge, and influence risk decisions in a fast-paced environment.
• Experience in Energy & Commodities and/or Capital Markets.
• Prior experience operating within a 2LoD framework.

Responsibilities

• Act as a trusted 2LoD risk partner to the Energy & Commodities Front Office, providing independent oversight and constructive challenge.
• Build relationships with senior stakeholders to embed risk considerations into day-to-day decisions.
• Advise on risk appetite, risk acceptances, and control frameworks aligning with regulatory and commercial goals.
• Identify, assess, and challenge material operational risks across BAU and change programmes.
• Lead core risk processes: RCSA, scenario analysis, and stress testing; conduct root-cause analysis after events.
• Provide independent oversight of controls, policies, and remediation plans; monitor remediation closure.
• Review business controls for proportionality, effectiveness and sustainability.

Skills

Operational risk

Risk governance

Regulatory expectations

Front Office collaboration

2LoD framework

Energy & Commodities

Job description

## Senior Risk Manager - Energy & CommoditiesApply: London: Full time: Posted Today: R5322The 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.**R****ole Overview**We are seeking an experienced Risk Manager to partner with the Energy & Commodities (E&C) broking business, operating within the Second Line of Defence (2LoD). This role will work closely with Front Office and senior stakeholders to ensure that operational risks are effectively identified, assessed, and managed in line with the firm’s risk appetite and regulatory expectations.The role plays a key part in embedding a proactive, commercially balanced risk culture—supporting business growth and change initiatives while maintaining robust oversight and challenge. You will provide expert guidance on risk exposure, ensure adherence to the firm’s risk framework, and deliver insightful analysis and reporting to drive informed decision-making at senior leadership and Risk Committee level.This is a high‐visibility position requiring strong business partnering capability, sound judgment, and the confidence to challenge constructively within a fast-paced, revenue-generating environment.**Role Responsibilities*** Act as a trusted 2LoD risk partner to the E&C Front Office, providing independent oversight and constructive challenge* Build strong relationships with senior stakeholders to embed risk considerations into day-to-day decision-making* Advise on risk appetite, risk acceptances, and control frameworks, ensuring alignment to both regulatory expectations and commercial objectives* Identify, assess, and challenge material operational risks across BAU activity, strategic initiatives, and change programmes* Lead and facilitate core risk processes including: Risk & Control Self-Assessments (RCSA), Scenario analysis and stress testing, Root cause analysis following risk events* Ensure risks are clearly articulated, measured, and escalated where appropriate* Provide independent oversight of control effectiveness, policies, and remediation plans* Review and challenge business controls to ensure they are proportionate, effective, and sustainable* Monitor and drive closure of risk issues, ensuring appropriate remediation and accountability* Support new business activities, product launches, and transformation programmes from a risk perspective* Ensure risk considerations are embedded early in project lifecycles to avoid downstream exposure* Partner with stakeholders to deliver solutions that balance risk discipline with commercial outcomes* Deliver high-quality risk MI, insights, and analysis to senior management, risk committees, and governance forums* Translate complex risk data into clear, actionable insights for business leaders* Support regulatory and internal reporting requirements* Provide oversight of incident management, policy breaches, and risk events* Ensure effective root cause analysis and lessons learned are captured and embedded* Support and challenge business continuity and resilience planning, ensuring operational robustness* Promote a strong, practical risk culture across the business through engagement, training, and coaching* Deliver targeted training to enhance risk awareness, accountability, and capability within Front Office teams* Act as a role model for balanced, commercially aware risk management**Experience / Competencies**Essential* Proven experience within Operational Risk in a financial services environment* Demonstrated understanding of operational risk frameworks, governance, and regulatory expectations* Experience working closely with Front Office / revenue-generating businesses* Ability to assess, challenge, and influence risk decisions in a complex, fast-paced environment* Experience within Energy & Commodities and/or Capital Markets* Prior experience operating within a Second Line of Defence (2LoD) framework* Familiarity with market conduct, trading risks, and broking environmentsDesired* Builds credibility with senior stakeholders and challenges in a constructive, pragmatic manner* Balances risk discipline with business objectives; understands the drivers of revenue and risk in a broking environment* Ability to interpret risk data, identify trends, and provide clear recommendations* Communicates complex risk concepts simply and effectively to both technical and non-technical audiences* Takes initiative, anticipates risk issues, and drives outcomes* Focuses on practical, implementable solutions rather than theoretical risk management**Band & Level*** Manager / 7#LI-MID #LI-Hybrid