Risk Advisory Business Partner

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

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
- 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
- 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
- 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