Risk Advisory Business Partner-Operational Risk

TP ICAP; Houston (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

TP ICAP in Houston is looking for a Risk Advisory Business Partner to manage operational and financial risks. In this role, you'll collaborate with business units, support risk assessments, and ensure compliance with risk frameworks. Applicants should have 3-5 years of experience in operational risk management, preferably in the financial sector, along with strong communication and analytical skills. Join a leading company focused on innovative market solutions.

Qualifications

• 3-5 years in an Operational Risk program for a financial institution.
• Solid knowledge of the financial services industry.
• Strong understanding of Energy & Commodities market.

Responsibilities

• Identify, assess, and mitigate operational and financial risks.
• Integrate risk management into strategic initiatives.
• Provide expert advice on managing risk exposure.

Skills

Operational Risk management

Financial services knowledge

Analytical skills

Communication skills

Project management

Education

Bachelor’s degree in business, accounting, finance, or related field

Job description

Group Overview

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 organization.

Risk Identification and Assessment

• Collaborate with the business to identify and assess its material risks from business as usual activity, emerging risks, strategic and change initiatives, etc., ensuring they are understood as part of commercial and decision making activity.
• Support the business as it undertakes risk assessment activity (e.g. Risk and Control Self-Assessment, Top Down Risk Assessment, Scenario Analysis, Root Cause Analysis, etc.) and leverage expertise to challenge the business’s logic/assumptions to ensure the assessments are thorough and complete.

Risk Appetite

• Work proactively with the business to define the Group’s risk appetite (including risk appetite thresholds and key risk indicator metrics/thresholds), ensuring it is appropriate in relation to the business’s activity and risk profile.
• Review the business risk profile against risk appetite and work with the business to identify appropriate actions to address risks that fall outside appetite.

Strategic Risk & Change Management

• Partner with the business to identify, assess, and manage risks that could potentially hinder the achievement of its long‑term strategic objectives.
• Help the business identify and assess risks regarding strategic initiatives (e.g. M&A, new product development, new business ventures, etc.) and the potential impact on the business’s risk profile. This includes the financial, operational, regulatory and cultural risks that could impact the success of the initiative, ensuring the business has all necessary information to make informed decisions and ensure a smooth execution.
• Review new business requests (as part of the Change Management Process) to ensure there is a complete and accurate understanding of the initiative and its risk profile, and that appropriate actions are taken by the business and support functions to mitigate/manage any risks arising from new business activity.

Risk Mitigation and Management

• Work with the business to ensure its end‑to‑end risk profile is managed actively and appropriately and in a commercial manner.
• Partner with the business to evaluate the adequacy of its control and policy framework in mitigating the risks that are inherent to its risk profile and leverage expertise to challenge the business’s logic/assumptions to ensure controls are adequate and effective.
• Support and challenge the business in identifying deficiencies in its control and policy framework.
• Provide an appropriate level of constructive challenge to ensure the business’s plans to address control deficiencies will address shortcomings properly and in a timely manner, and/or ensure a risk‑based analysis has been conducted to assess how a risk acceptance could affect the business's risk profile.
• As needed, collaborate with or conduct assurance activity, including controls testing, and undertake targeted risk reviews on hot topics or areas of interest across the Group.

Risk Monitoring and Reporting

• Support the business in monitoring its end‑to‑end risk profile. This includes ensuring appropriate MI, analysis and commentary are produced regarding:
• The performance of risk appetite metrics and related KRIs against established thresholds;
• Significant internal and external risk events that could impact the business; and the Group’s response to reduce the likelihood of an occurrence or recurrence of these events;
• Significant issues and the status of the Group’s response to remediate these issues;
• Risks identified and the proposed mitigating actions;
• Risk‑related data to help identify meaningful trends;
• The Risk team’s assurance activity.
• Take part in regular engagement and/or management meetings to provide an independent second‑line view of the business’s risk profile.
• Provide monthly updates on risk‑related MI, analysis, emerging threats for Risk Leadership Team meetings.
• Draft commentary for risk committees as required.

Events, Issues, Risk Acceptances and Policy Breaches

• Support the business in the immediate actions to mitigate or contain significant events and ensure those events are escalated to the appropriate level of management.
• Ensure risk matters arising day‑to‑day are managed in accordance with risk framework requirements.
• Provide quality assurance over Events, Issues and Policy Breaches.
• Support the business in undertaking deep‑dives into significant internal and external events, ensuring mitigants/controls are adequate and effective. If control deficiencies are identified, ensure appropriate remediation plans are developed and executed.

Business Continuity Planning and Crisis Management

• Provide independent oversight over business continuity plans to ensure the business can continue operating during and after a disruption.
• Support business in developing remediation plans if gaps or deficiencies are identified during Business Continuity tests. Ensure plans are executed in a timely manner and business continuity plans are updated accordingly.
• Partner with the business to coordinate with crisis management teams to ensure effective response and recovery actions are taken to assist the business to respond to crisis situations, in line with the Group’s crisis management framework.

Training and Awareness

• Promote a risk‑aware culture across the business and coordinate and conduct training sessions to enhance risk awareness and competency across the business and organization.
• Raise awareness about risk management practices leveraging Risk’s business engagement strategy.

Regional Requirements

• Provide regional support to ensure that the region’s risk management‑related activity and governance requirements are properly managed.

Experience / Competencies

Essential

• A minimum of 3‑5 years working in an Operational Risk program for a medium to large financial institution, preferably 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; a professional certification.
• Solid knowledge of the financial services industry and the regulatory framework in the Americas.
• Strong understanding of the Energy & Commodities market and associated products. Understanding of electronic and algo trading is a plus.
• Good understanding of the post‑trade workflow that supports the products noted above.
• Good understanding of risk models and measures, as well as industry best practice in operational risk management.
• Very good communication skills with ability to tailor one’s style to the audience and the message to be delivered. The adaptability is evident through technical knowledge, interpersonal skills, and recognition of seniority.
• Excellent analytical skills and ability to interpret, summarise, and present data in a meaningful and straight‑forward manner.
• Good project management, organisation and prioritisation skills within an environment where there are several equal and important demands on time.
• A curious, self‑starter with excellent problem‑solving skills with a strong desire to contribute to building a world‑class risk‑based culture.

Job Band & Level

• Manager, 6

Location

USA - 20 Greenway Plaza - Houston, TX