Risk & Control Analyst

ICAP•New York, NY

18h•$80,000 - $90,000•Hybrid

About The Position

The Front Office Risk & Control team provides a central hub for key business analysis that demonstrates governance and oversight for all business / functional areas within TP ICAP. Key tasks and projects include measuring policy adherence, recommending operational efficiency protocols as well as tracking and implementing solutions. The role of the Risk & Control Analyst is to review and document all internal processes and controls to ensure adequate oversight & compliance of corporate policy within the 1st Line of Defence. The individual will need to adopt a structured and investigative approach to their workload and be able to present all information in a clear, comprehensive manner, both verbal and written. The individual will primarily work alongside TP ICAP’s Senior Management (Business & Infrastructure Heads) to identify and document any gaps/enhancements in the current control environment. The analyst ensures that as risk appetite changes applicable controls and metrics within each business / function remain adequate. This analyst will help support the Front Office Risk & Control mandate and as such is required to act as the critical partner to embed risk management practices in the 1st Line. The role will initially be involved in delivering the revised Front Office Risk Management Framework (FORM) and the Conduct Framework during the initial and post-delivery be responsible for ensuring the frameworks are followed throughout the business.

Requirements

The individual needs to be able to demonstrate relationship building skills, both internally and externally.
Able to lead, influence and negotiate with a team and/or senior management to drive change.
Impact assessment skills paired with an analytical / agile mindset with the ability to aggregate information and report in a timely manner.
Collaborative, proactive, and responsive mind-set.
Strong personal organisational skills with the ability to deliver under pressure with tight deadlines accompanied by excellent written and oral communication skills with evidence of attention to detail.
Minimum 2 – 3 years’ experience with Bachelor’s Degree.

Nice To Haves

Experience with an Inter-Broker Dealer and/or Investment banking would be preferable with extensive product knowledge and experience of key processes e.g., knowledge of operational trade flows, Settlement and Clearing.
Experience within a control discipline e.g., Accounting / Finance / Operations/ Risk / Compliance / Audit.
Practical knowledge and skills in Microsoft Office - Word, Excel, PowerPoint, Outlook and, Visio.
Knowledge Risk Management Principles, Operations, and awareness of key Compliance concepts (Risk & Control Self Assessments (RCSAs), Risk Event reporting, Key Risk Indicators (KRIs), Key Control Indicators (KCIs), Scenario Analysis, Control Testing Framework, End-to-End Process & Controls reviews, and New Business governance).
Governance Risk & Compliance (GRC) systems.

Responsibilities

Support the controls management and assurance program to demonstrate oversight and management of key controls.
Develop new & enhance existing tools to demonstrate Controls oversight within the 1st Line of Defence.
Leverage the risk management system to enhance the 1st Line of Defence MI to demonstrate effectiveness of Risk & Control responsibilities and objectives through dashboards, reporting & key operational risk management tools.
The key responsibility is the identification of (through testing), tracking and monitoring of actions relevant to key control gaps and remediation.
Ownership & maintenance of a comprehensive control’s library reflecting all key controls.
Establish a standard process for the definition, assessment, and comparison of each control across TP-ICAP.
Working with Compliance & Group/Regional Risk Management, manage the 1LOD responsibilities relevant to the Operational Risk Framework.
Planning, maintenance, and execution of the front office control attestation for respective coverage areas in accordance with policy.
Control execution for Front Office and/or Business Control-related activities.
Quality assurance & management of the loss event reporting in the 1st Line of Defence.
Support the change management process for respective front office coverage areas.
Maintenance and execution for respective first line control tests.
Provide oversight and reporting into any policy breaches and assist in managing the firm’s Culture & Conduct agenda.
Policy compliance and testing.
Governance & Supervision Random monthly personal account dealing review and matched principal oversight (via firm exposure).
Prepare necessary materials for Global Head of Front Office Risk & Controls to present at regional governance forms (i.e., lessons learned, trend analysis, change management initiatives, control analysis, metric reporting, scenario analysis, stress testing, etc.)
Assist Senior Managing Directors in trend analysis oversight (i.e., T&E, client activity, etc.) as needed.
Provide support to Senior Manging Directors to discharge applicable remote office and/or branch supervisory activities acting in a delegate capacity as needed (i.e., completion of checklist and visit to offices)
Change Management facilitation of new activities and initiatives.
Market Risk Monitoring & Escalation
Identify, investigate emerging risks
The individual is required to take initiative, managing all aspects of their objectives and projects through to completion.
The individual will also be required to promote the key message and mission statements of the Business Control objectives and promote an engaging, open, honest, and diverse work environment and team.