Risk and Control Analyst

Role Overview

The Front Office Risk Management (FORM) team provides a central hub for key business controls and analysis that demonstrates governance and oversight for all business / functional areas within TP ICAP. Key tasks and projects include measuring policy adherence, recommending operational efficiency protocols as well as tracking and implementing solutions.

The role of the Risk & Control Analyst is to review and document all internal processes and controls to ensure adequate oversight & compliance of corporate policy within the 1st Line of Defence. The individual will need to adopt a structured and investigative approach to their workload and be able to present all information in a clear, comprehensive manner, both verbal and written.

The individual will primarily work within the energy & commodities business and interact with Managing Directors, Desk Heads, Broker / Desk Assistant and 2LOD support structures within the EMEA region to identify and document any gaps / enhancements in the current control environment and support the Conduct and Culture framework. The analyst ensures that as risk appetite changes applicable controls and metrics within each business / function remain adequate.

This Risk & Control analyst will help support the Front Office Risk & Control mandate and as such is required to act as the critical partner to embed risk management practices in the 1st Line.

The role will support the adherence to the Front Office Risk Management Framework and the Conduct Framework across the APAC region on key projects and objectives in the Energy & Commodities business and where requires support the FORM Team on global initiatives.

Role Responsibilities :

• Leverage the risk management framework to enhance the 1st Line of Defence MI to demonstrate effectiveness of Risk & Control responsibilities and objectives through dashboards, reporting & key operational risk management tools. The key responsibility is the identification of (through testing), tracking and monitoring of actions relevant to key control gaps and remediation.
• Ownership & maintenance of a comprehensive control’s library reflecting all key controls. Establish a standard process for the definition, assessment, and comparison of each control across TP-ICAP.
• Working with Compliance & Group / Regional Risk Management, manage the 1LOD responsibilities relevant to the Operational Risk Framework.Planning, maintenance, and execution of the front office control attestation for respective coverage areas in accordance with policy. Execute FORM related controls across APAC Energy & Commodities or act as point of reference where APAC / Global level controls are required to be completed.Assist regional Energy & Commodities FORM lead in control execution for Front Office and / or Front Office Control-related activities APAC.Coordinate root-cause analysis of significant risk events as per the risk matrix and coordinate remedial actions with the business and FORM Leads.Conduct targeted reviews into areas of desks of concern and support desks in identifying remediation to reduce any identified gaps in their risk and control profile i.e. deep dives, supervisory reviews.Quality assurance & management of the risk event, policy breach and risk issue reporting in the 1st Line of Defence.Maintenance and execution for respective first line control tests.Compile, maintain and review / challenge Conflicts of Interest.Provide oversight in managing the firm’s Culture & Conduct agenda. (i.e., support SMCR assessments, etc.)Assist in execution of front-line training / engagement activities (i.e., Risk / Control / Conduct & Culture).Deliver regional / Global FORM and FO related activities into the office where identified.Governance & SupervisionPrepare necessary materials for Energy & Commodities governance forums (i.e., lessons learned, trend analysis, change management initiatives, control analysis, metric reporting).Assist in trend analysis oversight (i.e., T&E, client activity, etc.) as needed.Provide support to Senior Managers to discharge applicable remote office and / or branch supervisory activities acting in a delegate capacity as needed (i.e., completion of supervisory Checklists)Market Risk Monitoring & EscalationAssist in identification / management for regional areas of risk exposure given current market events / disruption impacting TP ICAP are remediation within risk appetite.Assist Head of FORM to have line-of-sight and understanding of the offices practices / processes (inclusive of broking model type, Settlement Cycle, Clearing, etc.)Identify, investigate emerging risks.
• The individual is required to take initiative, managing all aspects of their objectives and projects through to completion.
• The individual will also be required to promote the key message and mission statements of the Business Control objectives and promote an engaging, open, honest, and diverse work environment and team.

Experience / Competences :

Job Band and Level : Professional, 5