EMEA Head of Settlements & ETD Clearing presso Tp

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
As the EMEA Head of Settlements & ETD Clearing, you will lead two critical operational teams at the heart of TP ICAP’s post-trade infrastructure. This role is pivotal in ensuring the seamless settlement and clearing of trades across multiple asset classes and global markets, safeguarding the integrity of our operations and client relationships.

You will oversee the end-to-end lifecycle of Fixed Income, Cash Equities, and Exchange-Traded Derivatives, driving operational excellence, regulatory compliance, and continuous improvement. With responsibility for approximately 40 staff across Settlements and ETD Clearing, you will foster a high-performance culture, champion innovation, and maintain robust controls in a fast-paced, high-pressure environment.

Success in this role requires a blend of strategic vision and hands-on leadership—building strong partnerships with internal stakeholders and external clearing agents, while ensuring that processes remain resilient, efficient, and aligned with global best practices. This is an opportunity to shape the operational backbone of TP ICAP’s EMEA business and deliver exceptional service to our clients.

Role Responsibilities

Settlements

• Oversee settlement of TP & ICAP Fixed Income and Equity trades from broking desks across EMEA and APAC.

• Manage pre-matching, confirmation, settlement, and middle-office tasks via Domestic and Euroclear markets.

• Ensure timely and accurate trade confirmation and settlement within a robust control environment.

• Oversee Corporate Actions, Coupons, Dividends, and Client Money processes in compliance with FCA CASS rules.

• Lead a team of ~30 staff, ensuring efficient settlement through domestic and international agents, including FX & Rates products cleared via prime brokers.

ETD Clearing

• Manage clearing of exchange-traded derivative (ETD) give-up trades across EMEA and APAC.

• Ensure timely client acceptance of give-ups and maintain a controlled environment.

• Oversee margin call monitoring, daily bank reconciliations, and management information reporting.

• Lead a team of ~8 staff, ensuring prompt clearing through designated clearing agents.

Leadership & Governance

• Act as escalation point for all Settlements and ETD Clearing issues.

• Maintain strong relationships with clearing/settlement agents, Risk Management, Technology, and Broker Management.

• Drive process improvements, maintain a strong control environment, and ensure compliance with FCA regulations.

• Produce and analyze MI on KPIs (e.g., failed trades, late settlements, margin calls) and implement corrective actions.

• Ensure robust Business Continuity Plans and audit readiness.

• Manage talent development, succession planning, and employee engagement within both teams.

Experience / Competencies

Essential

• Deep knowledge of financial services operations, particularly settlements and ETD clearing.

• Proven leadership experience managing multiple teams in a capital markets or financial services environment.

• Solid track record in building high-performing teams, mentoring, and empowering staff.

• Demonstrated ability to manage under pressure and deliver results in fast-paced environments.

• Expertise in FCA CASS rules and regulatory compliance.

• Exceptional analytical and problem-solving skills with excellent attention to detail.

• Ability to maintain a robust control environment, including reconciliations and data integrity.

• Proven and resilient stakeholder management and communication skills, adapting style to suit diverse audiences.

• High levels of integrity, professionalism, and ethical conduct.

Desired

• Experience in process improvement initiatives and driving operational efficiency.

• Familiarity with Euroclear and domestic settlement systems.

• Exposure to FX & Rates products and prime broker clearing processes.

• Knowledge of ETD margining and clearing workflows.

• Ability to innovate and adapt, seeking opportunities for improvement and handling challenges creatively.

• Comfortable working in high-pressure, deadline-driven environments.

• Evidence of being a self-starter who goes the extra mile and demonstrates resilience.

• Ability to handle criticism constructively and maintain composure in difficult situations.

Band & Level

• Function Head / 8

#LI-MID #LI-Hybrid

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. 

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