Rates Business Manager

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 OverviewTo provide Business Management for the Rates division and support the Senior Managing Director of Rates and the Global Broking COO office in the day-to-day governance and development of the Rates division. Role ResponsibilitiesStrategic/Commercial

• Assist in strategically driving growth and profitability via new business areas, client channels and operational synergies whilst ensuring operation within TP ICAPs control framework.
• Provide support to the Senior Managing Director in the day to day running of the Asset Class.
• Assist in the development and delivery of the Rates strategy; work with the EMEA Rates SMD to validate new initiatives and agree EMEA prioritisation.
• Keep up to date on knowledge of the ever-changing regulatory environment; to include analysing the impact of changes on the businesses and informing Senior Management of expected impact, making suggestions to optimise business performance where relevant.
• Assist the Global Broking COO office in production of Strategy and Board papers, engaging with various functions for input.
• Identify best practices and improve internal systems with an eye toward future needs and budget realities; align operational models as appropriate, for greater cost and operational efficiency.
• Oversee the implementation and provide input to any New Business Initiatives and Business change projects, liaising with the relevant support areas where necessary.
• Ensure effective co-ordination and communication across all operational, control, assurance and advisory functions.
• Work with the Product Managers, Sales team and technical teams to drive and implement any new Hybrid initiatives. Facilitate communication with relevant Business representatives as required (Desk Heads etc.).

External Relationships

• Monitor performance of the Rates asset class and strive to keep up to date with the regional competitor landscape.
• Manage and cultivate relationships with key external stakeholders to secure and expand strategic opportunities and recurring revenue streams.
• Act as a statesman publicly representing the Company to external constituency groups including joint venture partners, regulators, governmental, and other private organisations.

Infrastructure, Process, Regulation & Control

• Representing EMEA Front office in regulatory and group projects. Acting as the EMEA liaison as required between functions including: Compliance, Legal, Finance Risk, HR, Change Management, IT in Regulatory change projects and Corporate Restructuring.
• Ensure Business Execution compliance with internal and external Governance, Regulatory and Control requirements.
• Business oversight for designated UK Regulatory Entities and Trading Venues, providing sign-off on new initiatives / business change and escalating any concerns accordingly.
• Build and maintain effective relationships with Core Infrastructure, Brokers and Senior Management.
• Partner with control functions i.e. Compliance to ensure Conflicts registers and other Regulatory requirements are up to date.
• Provide support in ensuring the business meets its 1st Line of Defence role and its responsibilities under the Risk Framework.
• Support the Front Office in ensuring it operates in accordance within MIFID/ Venue guidelines, i.e. rolling out applicable training, lessons learnt, mitigating gaps and continually improving front line knowledge of regulation. Act as point person for executionqueries from Brokers and Clients.
• Contribute to the development of all Group policies and product protocols, ensuring they are fit-for-purpose, understood and implemented where applicable, communicating and training the front office when required.
• Work with the Business Continuity specialist to ensure that a full Business Continuity Plan (BCP) is drawn up for the respective business to cover technology / staff in the event of an incident/disaster.
• Continually review operational processes, highlight efficiencies needed and work with the relevant teams to implement changes.
• Contribute as required to all Regulatory documentation i,e, ICAAPs.
• Update EMEA Business Management team members and EMEA COO on issues/opportunities pertinent to specific area(s) covered.
• Be the focal point for any new initiatives impacting the area, working closely with the relevant project manager(s) and business analysts.
• Produce benefits realisation on projects delivered.

Knowledge and ExperienceEssential

• Demonstrated understanding of the financial markets and preferably G10 rates.
• Essential for individual to have experienced in financial markets Business Management.
• Proven understanding of Regulation impacting the Financial Services Market.
• Experience of working with governance frameworks.

Desired

Excellent written and verbal communication skills, a persuasive and passionate communicator with ability to influence and ability to engage with a wide range of stakeholders.

Proficient in Microsoft Office software (PowerPoint, Word, Excel, Outlook etc.).

Strong interpersonal skills.

Excellent attention to detail, highly organised with a pro-active approach.

Strong analytical ability and problem-solving skills.

Action orientated, flexible and innovative approach to operational management.

Ability to work with minimal supervision with a delivery focused mentality and a collaborative approach.

Empathy and humility combined with a strong innovative personality.

High ethical standards and an independent thinker.

Team player however also able to work on initiative and be a self-starter.Understands business issues as