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

In this role, you take primary responsibility for managing the Clearing, Settlement and Exposure Monitoring functions for the Trade Services department in the US, which supports the Equities and Fixed Income business for various brands under the TPICAP umbrella. You also support post trade processing for our Global Broking clients and Agency Execution institutional members/clients.

Role Responsibilities:

• Manage the post-execution aspects of the trade lifecycle, ensuring all clients/members are allocated at the end of the day, handle and escalate exceptions, and address settlement issues such as failing trades, reclaims, buy-ins, and large exposure items.

• Oversee the Trade Services team, working with client Traders, Operations teams, internal Brokers, Relationship Managers, Sales, and Support teams to resolve pre and post-allocation issues, exceptions, failed trades, pnl, and reporting.

• Handle relationships with clearing firms and vendors to resolve account, settlement, risk, and change issues.

• Manage the Exposure Monitoring platform vendor, ensuring risks are captured, categorized, and managed until closure.

• Raise improvement/change items, participate in and sign off on required testing before deployment.

• Lead and participate in Member events and operational reviews.

• Ensure team cross-training on all Trade Services positions.

• Oversee the onboarding process for new Members and Clients.

• Execute projects for system enhancements or Member requests.

• Manage staff development, performance reviews, and recruitment needs.

Experience / Competences

Essential

• Strong problem-solving skills and ability to handle complex trade lifecycle and settlement issues.

• Effective team management and coordination with various internal and external stakeholders.

• Proficient in managing vendor relationships and overseeing platform risk management.

• Experience in leading and participating in operational reviews and managing onboarding processes.

• Proven ability to oversee staff development and handle recruitment needs.

Desired

• Excellent communication and interpersonal skills.

• Ability to work effectively under pressure and meet tight deadlines.

• Strong organizational skills and attention to detail.

• Adaptability and flexibility in a fast-paced environment.

• Demonstrated leadership and team-building capabilities.

Role Band & Level: Professional, 5

$110,000 - $115,000

#LI-Hybrid #LI-ASO

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 - 200 Vesey Street - New York, NY