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TP ICAP · 1 day ago

Risk Advisory Business Partner

Houston, TX

Full-time

Onsite

Mid, Senior Level

$110K/yr - $115K/yr

7+ years exp

TP ICAP is a world leading provider of market infrastructure, focusing on improving access to global financial and commodities markets. The Risk Advisory Business Partner will work closely with business units to identify, assess, and mitigate operational and financial risks while ensuring compliance with risk management frameworks and enhancing risk awareness across the organization.

AnalyticsFinancial Services

Responsibilities

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

Work proactively with the business to define the Group’s risk appetite (including risk appetite thresholds and key risk indicator (KRI) 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

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

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/conduct assurance activity being undertaken including controls testing, and undertake targeted risk reviews on hot topics/areas of interest across the Group

Support the business in monitoring its end-to-end risk profile. This includes ensuring appropriate MI, analysis and commentary are produced regarding (but not exclusive to):

The performance of risk appetite metrics and related KRIs against established thresholds

Significant internal and external risk events that could impact the business, as well as the Group’s response to reduce the likelihood of an occurrence/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 (e.g., events, issues, metrics, etc,.) 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-relate MI, analysis, emerging threats, etc for Risk Leadership Team meetings

Draft commentary for risk committees as required

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, and

To ensure that risk matters arising on a day-to-day basis 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

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/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 help coordinate with crisis management teams to ensure effective response and recovery actions are taken to assist the business respond to crisis situations, in line with the Group’s crisis management framework

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

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

Qualification

Operational Risk ManagementFinancial Services KnowledgeRisk Assessment TechniquesEnergy & Commodities MarketRegulatory Framework KnowledgeAnalytical SkillsCommunication SkillsProject ManagementProblem SolvingOrganizational Skills

Required

A minimum of 7+ 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 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 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, summarize, and present data in a meaningful and straight-forward manner

Good project management, organization and prioritization 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