Senior Risk Manager - Energy & Commodities

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.

We are seeking an experienced Risk Manager to partner with the Energy & Commodities (E&C) broking business, operating within the Second Line of Defence (2LoD). This role will work closely with Front Office and senior stakeholders to ensure that operational risks are effectively identified, assessed, and managed in line with the firm’s risk appetite and regulatory expectations. The role plays a key part in embedding a proactive, commercially balanced risk culture—supporting business growth and change initiatives while maintaining robust oversight and challenge.

Role Responsibilities

• Act as a trusted 2LoD risk partner to the E&C Front Office, providing independent oversight and constructive challenge.
• Build strong relationships with senior stakeholders to embed risk considerations into day-to-day decision-making.
• Advise on risk appetite, risk acceptances, and control frameworks, ensuring alignment to both regulatory expectations and commercial objectives.
• Identify, assess, and challenge material operational risks across BAU activity, strategic initiatives, and change programmes.
• Lead and facilitate core risk processes including: Risk & Control Self-Assessments (RCSA), Scenario analysis and stress testing, Root cause analysis following risk events.
• Ensure risks are clearly articulated, measured, and escalated where appropriate.
• Provide independent oversight of control effectiveness, policies, and remediation plans.
• Review and challenge business controls to ensure they are proportionate, effective, and sustainable.
• Monitor and drive closure of risk issues, ensuring appropriate remediation and accountability.
• Support new business activities, product launches, and transformation programmes from a risk perspective.
• Ensure risk considerations are embedded early in project lifecycles to avoid downstream exposure.
• Partner with stakeholders to deliver solutions that balance risk discipline with commercial outcomes.
• Deliver high-quality risk MI, insights, and analysis to senior management, risk committees, and governance forums.
• Translate complex risk data into clear, actionable insights for business leaders.
• Support regulatory and internal reporting requirements.
• Provide oversight of incident management, policy breaches, and risk events.
• Ensure effective root cause analysis and lessons learned are captured and embedded.
• Support and challenge business continuity and resilience planning, ensuring operational robustness.
• Promote a strong, practical risk culture across the business through engagement, training, and coaching.
• Deliver targeted training to enhance risk awareness, accountability, and capability within Front Office teams.
• Act as a role model for balanced, commercially aware risk management.

Experience / Competencies

Essential

• Proven experience within Operational Risk in a financial services environment.
• Demonstrated understanding of operational risk frameworks, governance, and regulatory expectations.
• Experience working closely with Front Office / revenue-generating businesses.
• Ability to assess, challenge, and influence risk decisions in a complex, fast-paced environment.
• Experience within Energy & Commodities and/or Capital Markets.
• Prior experience operating within a Second Line of Defence (2LoD) framework.
• Familiarity with market conduct, trading risks, and broking environments.

Desired

• Builds credibility with senior stakeholders and challenges in a constructive, pragmatic manner.
• Balances risk discipline with business objectives; understands the drivers of revenue and risk in a broking environment.
• Ability to interpret risk data, identify trends, and provide clear recommendations.
• Communicates complex risk concepts simply and effectively to both technical and non-technical audiences.
• Takes initiative, anticipates risk issues, and drives outcomes.
• Focuses on practical, implementable solutions rather than theoretical risk management.

Band & Level

Manager / 7

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation.

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.