Global Head of Rates Product

Job Description

Job DescriptionThe 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 worlds leading provider of OTC data, and an award winning all-to-alltrading platform. The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the worlds most trusted, innovative, liquidity and data solutions specialist. Role OverviewThe Rates business within the Global Broking division is one of the largest producing areas within TP ICAP, spanning Interest Rates Swaps, Options, Gilts, Inflation, Cross Currency, and FI products. The business requires dedicated support in implementing technologyadvancement and innovation in meeting its clients requirements. This role is for a Global Rates Product Manager who will work within the front office and will be responsible for the global product strategy and technology roadmap and will work with the technology groups in the EMEA, Americas and the APAC regions to assistin the delivery of change to meet the KPIs, clients needs, and business goals. The Product Manager will also support the Regional Heads of Rates and Sales in communications with clients to drive platform adoption and reporting of the post-delivery KPIs and other success measures to the board and other stakeholders. Role ResponsibilitiesThe role involves the following activities to achieve these objectives. Product Strategy & Design

• Develop and execute a comprehensive global strategy for the Rates product suite, aligning with market trends, client needs, and regulatory requirements.
• Be accountable for the vision and product roadmap for the Agile Release Train (ART), ensuring it aligns with the companys business strategy
• Champion business goals and projects within technology.
• Communicate the product strategy and plans to senior business stakeholders.
• Train teams on the product and the strategy within Global Broking, and the wider group businesses.
• Continually build knowledge as the subject matter expert on business & group products, regulations, and workflow within the product design process.
• Define, prioritise and maintain the product roadmap with the Product Owners, Release Train Engineer (RTE), and System Architect

Analysis

• Understand platform & product usage and performance - set direction for improvements of these products
• Identify opportunities to improve the business profitability, process and effectiveness through technology change.
• Identify risks and issues in the current landscape and make recommendations to mitigate and resolve
• Acutely understand the business requirements and demands for the product and cascade these demands to the Product Owner.

Product Development

• Develop and drive initiatives through the project design and governance process
• Lead the end-to-end product development lifecycle, from ideation and market analysis to adoption, and ongoing optimization.
• Develop, own and deliver the Technology Roadmap for the business line.
• Recommend solutions and challenge stakeholders on impact of Integration, new business initiatives and regulatory change on the roadmap.
• Drive the high level priority, scope, and schedule and budget trade-off decisions with business.
• Bring innovative ideas and approaches to the business technology stack

Planning & Delivery

• Develop high level functional, non-functional, and data requirements for new initiatives.
• Provide direction and drive decision making enabling the project management team to execute the plan effectively.
• Analyse the impact of project change to the related business functions and stakeholders.
• Ensure any project impact is communicated and accepted by the appropriate business functions, prior to implementation.
• Be responsible for raising any issues, risks and dependencies that could impact delivery timelines
• Responsible for defining and reporting of Agile Release Train OKRs alongside the RTE
• Support the quality process at each stage of the project lifecycle.
• Communicate training, rollout, and transition plans to the business stakeholders.
• Work with the technology service teams to monitor, maintain, and improve the level of service.

Market Analysis

• Research global market dynamics, competitor activities, and regulatory changes affecting Rates products, providing insights to inform decision-making.

Client Engagement

• Collaborate closely with clients to understand their evolving needs, ensuring the development of innovative Rates products and solutions that meet and exceed expectations.
• Understand platform & product usage and performance - set direction for improvements of these products

Cross-functional Collaboration

• Work closely with internal stakeholders, including Brokers, Sales, Technology, and Regulatory teams, to ensure seamless product development, implementation, and internal and external adoption.
• Be responsible for the smooth running of the Agile Release Train, working closely with the Release Train Engineer and System Architect to make crucial decisions on initiatives, preparing teams for PI planning, and participating actively in all ART ceremonies

Risk Management

• Assess and manage risks associated with Rates products, ensuring compliance with regulatory standards and internal risk management protocols.

Performance Monitoring

• Establish key performance indicators (KPIs) and regularly evaluate product performance, identifying opportunities for enhancement and growth.

Platform Commercialisation

• Present the platform to clients and other key stakeholders, e.g., Board / Investors.
• Work with the Global Head of Digital Transformation, Senior Managing Directors, Desk Heads, Sales, Marketing, and the Client Relationship Team to create a strategic plan for client adoption.
• Gather feedback from clients and other stakeholders on the platform offering and implement changes as and when required.

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