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.

Financial Risk Management (FRM) Overview

The FRM team operates across the TP ICAP Group to embed best practices in financial risk management and control, ensuring they are consistently followed. FRM provides comprehensive oversight of the Group’s financial risks on behalf of the Group CRO and the Board.

Role Overview

The Analyst will support the implementation and maintenance of the model risk framework, with a particular focus on algorithmic models. The role will involve assisting in the monitoring and review of model performance and contributing to broader Market, Credit, and Liquidity risk activities within FRM.

Role Responsibilities

Framework Support

Assist in maintaining documentation and inventories related to TP ICAP’s algorithmic trading systems, including third-party vendor models

Help ensure policies and procedures are aligned with regulatory requirements and industry best practices

Collaborate with model developers, quantitative analysts, and IT teams to support the integration of risk management practices throughout the model lifecycle

Model Review Assistance

Support the review and validation of model development, implementation, and usage

Contribute to the evaluation of model assumptions and methodologies under supervision

Assist in coordinating internal and external validation processes

Oversight & Engagement

Help monitor the performance of algorithmic trading systems and the effectiveness of associated controls

Assist in drafting reports and presentations for senior stakeholders and regulators

Participate in training sessions and workshops to build awareness of model risk and promote a risk-conscious culture

Experience / Competences

Essential

A bachelor’s degree in a relevant subject (e.g., Finance, Economics, Mathematics, Computer Science)

Some experience or academic exposure to financial modelling, data analysis, or risk management

Interest in algorithmic trading and financial systems

Basic knowledge of programming or data tools (e.g., Python, R, SQL)

Strong attention to detail and willingness to learn

Good communication skills, both written and verbal

Desired

A master’s degree or relevant professional certification (e.g., FRM, CFA)

Experience with electronic trading platforms such as Trading Technologies, Fidessa, or equivalent

Job Band & Level: 

Professional / 4

#LI-ASO #LI-Hybrid

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