FX & Money Markets Business Manager in London

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 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 involves providing comprehensive Business Management support for the FX & Money Markets business. The role reports directly to the Global Broking Divisional COO and will be directly supporting the EMEA Head of FX & Money Markets. The successful candidate will work closely with the FX & Money Markets Senior Management Leadership team and the Global Broking COO, assisting in the day-to-day governance and strategic development of the business. This position requires a proactive approach to managing operations, ensuring seamless communication, and driving initiatives that support the growth and efficiency of the FX & Money Markets division.

Role Responsibilities

• Strategic/Commercial
  • Assist in strategically driving growth and profitability via new business areas, client channels and operational synergies whilst ensuring operation within TP ICAP’s control framework.
  • Provide support to the Senior Managing Director(s) in the day to day running of the Asset Class.
  • Assist in the development and execution of the FX & Money Markets strategy; work with the FX & Money Markets Senior Management Leadership team to validate new initiatives and agree prioritisation.
  • Produce Strategy and Board papers in conjunction with COO EMEA, engaging with various functions for input.
  • Oversee the implementation and provide input to any New Business Initiatives and Business change projects, liaising with the relevant support areas where necessary.
  • Work with the Product Managers, Sales team and technical teams to drive and implement any new Hybrid initiatives.
  • Keep up to date on knowledge of the ever-changing regulatory environment; to include analysing the impact of changes on the businesses and informing Senior Management of expected impact, making suggestions to optimise business performance where relevant.
  • Identify best practices and improve internal systems with an eye toward future needs and budget realities; align operational models as appropriate, for greater cost and operational efficiency.
  • Ensure effective co-ordination and communication across all operational, control, assurance and advisory functions.
• External Relationships
  • Monitor performance of the FX & Money Markets asset class and strive to keep up to date with the global competitor landscape.
  • Manage and cultivate relationships with key external stakeholders to secure and expand strategic opportunities and recurring revenue streams.
  • Represent the business externally in relevant industry forums and working groups, and with key external constituency groups including regulators, joint venture partners, and governmental and other private organisations.
• Infrastructure, Process, Regulation & Control
  • Representing Front office in regulatory and group projects. Acting as the asset class liaison as required between functions including: Compliance, Legal, Finance Risk, HR, Change Management, IT in Regulatory change projects and Corporate Restructuring.
  • Ensure Business Execution compliance with internal and external Governance, Regulatory and Control requirements.
  • Business oversight for designated Group Regulatory Entities and Trading Venues, providing sign-off on new initiatives / business change and escalating any concerns accordingly.
  • Build and maintain effective relationships with Core Infrastructure, Front office and Senior Management.
  • Partner with control functions i.e. Compliance to ensure Conflicts registers and other Regulatory requirements are up to date.
  • Provide support in ensuring the business meets its 1st Line of Defence role and its responsibilities under the Risk Framework.
  • Support the Front Office in ensuring it operates in accordance within MIFID/ Venue guidelines, i.e. rolling out applicable training, lessons learnt, mitigating gaps and continually improving front line knowledge of regulation.
  • Contribute to the development of all Group policies and product protocols, ensuring they are fit-for-purpose, understood and implemented where applicable, communicating and training the front office when required.
  • Work with the Business Continuity specialist to ensure that a full Business Continuity Plan (BCP) is drawn up for the respective business to cover technology / staff in the event of an incident/disaster.
  • Continually review operational processes, highlight efficiencies needed and work with the relevant teams to implement changes.
  • Contribute as required to all Regulatory documentation i.e. ICARAs.
  • Update Business Management team members and COO EMEA on issues/opportunities pertinent to specific area(s) covered.
  • Be the focal point for any new initiatives impacting the area, working closely with the relevant project manager(s) and business analysts.
  • Produce benefits realisation on projects delivered.

Experience / Competences

• Essential
  • Proven and demonstrated understanding of the financial markets, in particular FX & Money Markets.
  • Current or prior experience in a Business Management / COO role, including working with Product/ Technology on strategic priorities.
  • Proven understanding of regulation impacting the Financial Services.
  • Experience of working within governance frameworks.
  • Excellent written and verbal communication skills, a persuasive and passionate communicator with ability to influence and ability to engage with a wide range of stakeholders.
  • Proficient in Microsoft Office software (PowerPoint, Word, Excel, Outlook etc.).
  • Familiarity with data analytics and management information tools (e.g. Power BI, Tableau or equivalent).
  • Working knowledge of the FX and electronic trading platform landscape (e.g. EBS, 360T, Bloomberg FXGO) and an understanding of voice, electronic and hybrid market structures.
  • Excellent attention to detail, highly organised with a pro-active approach.
  • Strong analytical ability and problem-solving skills.
• Desired
  • Action orientated, flexible and innovative approach to operational management.
  • Ability to work with minimal supervision with a delivery focused mentality and a collaborative approach.
  • Empathy and humility combined with a strong innovative personality.
  • High ethical standards and an independent thinker.
  • Team player however also able to work on initiative and be a self-starter.
  • Understands business issues as they affect different functions.
  • Able to handle the detail whilst keeping focus on the big picture.

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.