Financial Risk Management - Risk Associate
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Locations: Belfast
Time Type: Full time
Posted on: Posted 3 Days Ago
Job Requisition ID: R3220
Group Overview
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. The Group operates from more than 60 offices in 27 countries. We are 5,300 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
This role will be a dual role, responsible for supporting:
1. The Financial Risk Management Manager (based in Belfast) in their duties around 2nd line Risk assurance of the Group’s credit risk onboarding process, escalation of high risk clients and analysis/reporting of the Group’s client portfolio.
2. The EMEA Exposure Management Manager (based in London) and the team's duties in managing credit, liquidity and market risk from the Group’s broking and Treasury activity on a real-time basis.
Role Responsibilities
1. Support the production of Risk MI relating to the Group’s client portfolio, including data collection and analysis, liaising with key stakeholders to ensure accuracy and integrity.
2. Generate reporting output regarding financial risk exposures. Collate data from various sources and transfer into formats that allow effective data analysis on the drivers of exposure, with escalations where required.
3. Assist in gathering data for presentational material at regional committees and other associated governance forums. Other deep dive exposure MI as requested.
4. Support the function manager in providing a risk-based response to rating escalations, decline decisions, and exceptions to credit policy, as a result of the internal credit scoring process. Develop a strong understanding of the credit risk onboarding process, associated policy, and procedures.
5. Support risk management Quality Assurance activity around all credit risk-related client lifecycle events including initial client onboarding, periodic reviews, and ongoing monitoring. Also, the accurate application of limits across the Group’s systems and broking platforms. This includes assisting in the control attestation evidence gathering and uploading process.
6. Support the monitoring of credit exposures to the Group’s cash on deposit, invoiced brokerage receivables, and trade exposure to its matched principal broking activity.
7. Support the investigation and appropriate escalation of any credit risk breaches, ensuring that issues are identified on a proactive basis with appropriate escalation to FRM Exposure Management EMEA Manager. In their absence, escalating to appropriate internal stakeholders.
8. Support the management of matched principal broking limits, working closely with the business to manage increase requests where necessary to enable business flow but maintain risk exposures within appetite.
9. Support the monitoring of the Group's potential margin call and collateral call exposure in real-time. Provide escalations on a proactive basis when appetite levels are breached and ensure actions are taken by the relevant internal stakeholders to reduce risk to the Group.
10. Support the exchange traded limit setting process by liaising with business units and the Group's General Clearing Members (“GCM”). Accurately assess limit requests in reference to Group risk appetite before transmitting requests to the relevant GCM.
11. Support the monitoring of any market risk positions that should arise on a proactive basis. Gather data and begin the relevant escalation process when appetite thresholds are breached to achieve prompt resolution.
12. Support the Team manager in partnering with IT on technical developments, including requirements gathering, UAT, and post-release support.
13. Support the Team manager in the ongoing identification of process improvement, system improvement, and automation opportunities that will drive efficiencies and effectiveness throughout the team.
Experience / Competences
Essential
1. Excellent attention to detail, highly organised with a proactive approach.
2. Strong analytical ability and problem-solving skills.
3. Some understanding of the trade lifecycle and how it can generate financial risk across the Group's various broking models. This may have been gained via an Operations or Front Office background.
4. Strong data analysis and presentational skills. Ability to extract data from multiple sources and collate into meaningful and accurate analysis using recognised software packages.
5. Quantitative Analysis: proficiency in statistical methods and financial modelling to assess and mitigate risks.
6. SQL Proficiency: Ability to write simple database queries and create reports with actionable information.
7. Problem-Solving: Ability to develop innovative solutions to complex risk-related issues.
Desired
1. Knowledge of financial markets.
2. Experience in a similar organisation.
3. Demonstrable experience of effectively working within a credit risk team across the client lifecycle.
4. Some experience in the credit analysis of banks, broker/dealers, asset managers, and corporates.
5. Excel VBA: demonstrated skills in automating tasks, creating basic models, and data visualization.
6. Python Programming: Experience with data analysis libraries (e.g., pandas, NumPy), and automation scripts.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready, and willing to contribute. TP ICAP Accord - our Employee Network - is central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practices, and holds our firm to account for driving continuous cultural improvement.
Location
UK - City Quays - Belfast
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