Risk Advisory Business Partner-Operational Risk

Posted One Month Ago
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Hiring Remotely in New Jersey, USA
Remote or Hybrid
Mid level
Financial Services
The Role
Partner with business units to identify, assess, and mitigate operational and financial risks. Embed risk management into strategic and change initiatives, define risk appetite and KRIs, monitor and report risk metrics, conduct controls testing and targeted reviews, support event and issue remediation, oversee business continuity and crisis response, and deliver training to build a risk-aware culture.
Summary Generated by Built In

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. 

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries.  We are 5,200 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

A Risk Advisory Business Partner works closely with the business units to identify, assess, and mitigate operational and financial risks. They integrate risk management into strategic and change management initiatives, ensuring alignment with business objectives. Additionally, they provide expert advice and support in mitigating and managing risk exposure in a commercial way, deliver meaningful analysis and reporting to both the business and senior management, ensure compliance with the risk framework and business continuity management requirements, and conduct training to enhance risk awareness and competency across the organization. 

Role Responsibilities 

  • Partner with business leaders to identify, assess, and manage operational, strategic, regulatory, and emerging risks, ensuring risk considerations are embedded within key decision-making processes.

  • Provide independent challenge and advisory support across risk assessments, control evaluations, strategic initiatives, new business activities, and change programmes.

  • Support the development, monitoring, and governance of risk appetite, Key Risk Indicators (KRIs), and broader risk management frameworks.

  • Evaluate the effectiveness of controls, policies, and governance arrangements, driving remediation of identified weaknesses and promoting continuous improvement.

  • Monitor the business risk profile and provide meaningful management information, analysis, reporting, and insight to support senior management, governance forums, and risk committees.

  • Support the management and investigation of risk events, issues, policy breaches, and control failures, ensuring appropriate escalation, root cause analysis, and sustainable remediation.

  • Provide oversight and challenge of business continuity, operational resilience, and crisis management activities, supporting preparedness and recovery planning across the business.

  • Promote a strong risk culture by delivering training, awareness initiatives, and ongoing engagement with stakeholders across the organisation.

  • Provide regional risk advisory support, ensuring compliance with applicable governance, regulatory, and risk management requirements.

Experience / Competencies 

Essential

  • 3-5 years' experience within Operational Risk, Enterprise Risk, or Risk Advisory functions in a medium to large financial services organisation.

  • Strong understanding of operational risk management frameworks, methodologies, and industry best practice.

  • Experience conducting risk assessments, control evaluations, and issue remediation activities.

  • Knowledge of financial markets, trading environments, and associated regulatory obligations.

  • Understanding of Energy & Commodities markets and associated products.

  • Familiarity with post-trade processes and the operational lifecycle supporting financial market activities.

  • Strong analytical and problem-solving skills, with the ability to distil complex information into clear and actionable insights.

  • Excellent verbal and written communication skills, with the ability to influence and challenge stakeholders at all levels.

  • Ability to build effective relationships and operate as a trusted advisor across diverse business functions.

  • Bachelor's degree in Business, Finance, Accounting, Economics, Risk Management, or a related discipline, or equivalent professional experience.

Desirable

  • Experience within an Interdealer Broker, Capital Markets, Trading, Commodities, or Market Infrastructure environment.

  • Understanding of electronic trading and algorithmic trading activities.

  • Professional qualification or certification in Risk Management, Audit, Governance, or Financial Services (e.g., FRM, PRM, IRM, ICA, CIA).

  • Experience supporting strategic change programmes, new business initiatives, or mergers and acquisitions.

  • Knowledge of business continuity, resilience, and crisis management frameworks.

  • Exposure to assurance reviews, control testing, or thematic risk reviews.

Compensation Range

  • USD 140,000 - 160,000

 

Job Band & Level 

  • Manager, 6 

#LI-Hybrid #LI-MID 

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. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

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 a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. 

Location

USA - 333 Thornall Street - Edison, NJ

Skills Required

  • 3-5 years working in an Operational Risk program for a medium to large Financial Institution, preferably in an IDB or Capital Markets environment
  • Bachelor's degree in business, accounting, finance, or a related field; or equivalent experience; 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
  • Good understanding of the post-trade workflow supporting relevant products
  • Good understanding of risk models and measures and industry best practice in operational risk management
  • Very good communication skills with ability to tailor style to audience and seniority
  • Excellent analytical skills and ability to interpret, summarize, and present data
  • Good project management, organization and prioritization skills
  • Curious, self-starter with excellent problem-solving skills and desire to build a risk-based culture
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The Company
HQ: London
2,661 Employees
Year Founded: 1986

What We Do

ICAP, part of TP ICAP group, is a leading markets operator and provider of execution and information services. Efficient financial markets are vital to global and national economies. As a leading markets operator ICAP provides a wide variety of electronic execution and information services for wholesale market participants. ICAP facilitates the flow of capital and investment through the financial system and supports government and corporate borrowing.

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