Full-Time

Trade Services Team Lead

Posted on 9/9/2024

TP-ICAP

TP-ICAP

1,001-5,000 employees

Brokers energy and commodities transactions

Data & Analytics
Energy
Financial Services

Compensation Overview

$110k - $115kAnnually

Senior

New York, NY, USA

Hybrid position requiring in-office presence.

Category
Risk Management
Sales & Trading
Finance & Banking
Requirements
  • 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.
  • 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.
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.

TP ICAP provides liquidity and data solutions in the financial markets, focusing on energy and commodities, especially oil products. The company brokers transactions for clients, including institutional investors and corporations, by facilitating Over the Counter (OTC) swaps, forwards, and futures contracts. What distinguishes TP ICAP from its competitors is its extensive expertise in the energy sector and its global presence in major financial hubs. The goal of TP ICAP is to be a trusted partner for clients by delivering specialized brokering services and valuable market insights.

Company Stage

IPO

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

1971

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • TP ICAP's partnership with AWS enhances its digital platform and AI capabilities.
  • Growing demand for real-time data analytics aligns with TP ICAP's market data solutions.
  • Expansion into green energy markets offers new opportunities for specialized brokering services.

What critics are saying

  • Increased competition from electronic trading platforms threatens traditional brokering services.
  • Shift towards renewable energy may reduce demand for oil and gas trading.
  • Regulatory scrutiny on data privacy could increase compliance costs for TP ICAP.

What makes TP-ICAP unique

  • TP ICAP is the largest energy and commodities broker globally, established in 1971.
  • The company offers specialized brokering services in OTC swaps, forwards, and physical oil products.
  • TP ICAP's team of over 180 professionals brings decades of oil industry experience.

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